Examples of Employee Welfare Benefit Plans in a sentence
Buyer shall be satisfied that each Company has properly terminated all of its Employee Benefit Plans (except for its Employee Welfare Benefit Plans), effective prior to the Closing Date.
Employee shall, subject to Paragraph 4(b) below, continue to participate in all Employee Welfare Benefit Plans (as such term is defined in Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended, and the regulations promulgated thereunder) maintained by the Corporation during the remainder of the Employment Term or until such later date as may be expressly provided under the terms of any such plan.
For a statement of your rights under the Employee Retirement Income Security Act of 1974 (“ERISA”) and important information concerning the administration of the Plan, see the Plan Document, Summary Plan Description and Administrative Information, Hanford Employee Welfare Benefit Plans (the “Administrative Wrapper”).
However, Buyer reserves the right to modify, amend, suspend, or terminate such Employee Welfare Benefit Plans at any time after the Closing Date.
Employee shall, subject to Paragraph 7(b) below, continue to participate in all Employee Welfare Benefit Plans maintained by the Corporation during the remainder of the Employment Term or until such later date as may be expressly provided under the terms of any such plan.