Employer Plans definition

Employer Plans shall have the meaning set forth in Section 5.13(e).
View Source
Employer Plans means any employee benefit plan or contract from which benefits may be payable to the Participant.
View Source
Employer Plans means the Dependent Care, Flexible Spending, Health Reimbursement or other reimbursement plans sponsored or facilitated by the Company. “Qualified Expenses” means certain eligible expenses as defined in the Employer Plan documents and under federal law. Any Card transaction that is not a Qualified Expense is called a “Non-Qualified Expense.” How the Card Program Works. As a participant in the Employer Plans, you have been provided a mySourceCard®, a MasterCard¨ Debit card issued pursuant to certain Agreements among the Company, the PSP, DataPath, Card Services, and the Bank. You understand that when issued under an Employer Plan, you may only use the Card for payment of Qualified Expenses as defined in this Agreement and the Employer Plans and agree that the use of the Card is thus restricted. You agree that the amounts charged on your Card will be advanced by the Company with funds from its general assets and that the Company will repay itself by making a corresponding reduction from the appropriate notational Plan bookkeeping account maintained by the Company (or the PSP on the Company’s behalf). You further agree that Card transactions shall be subject to the terms of this Agreement and the rules of the Employer Plans and any applicable federal or state rules or regulations. Additional Card uses may be permitted in accordance with the terms of any applicable HSA Addendum. You understand that neither any merchants nor we are obligated to you if any merchant refuses to honor your Card or retains your Card if authorization for its use is not given. You agree that if you use your Card for a purchase that is returned for a refund, and the purchase was a Qualified Expense charged to your Account, that the refund must be made on a credit voucher, which shall be credited to the Account in the normal course of business. You agree that all Card transactions may be presented to the PSP through the use of either sales or credit drafts or electronic transmissions of the transaction information, and that you will, upon request, review transaction statements and sign documents attesting to the validity of your Qualified Expenses. The Card is not a credit card and cannot be used to obtain credit or cash advances. Your total purchases may not exceed the available account balance at the time of purchase and split transactions, defined as a Card payment of any amount less than the total amount owed at the point of sale, are not permitted.
View Source

Examples of Employer Plans in a sentence

  • The Unfunded Liabilities of all Single Employer Plans do not in the aggregate exceed $1,000,000.

  • Neither any Consolidated Party nor any ERISA Affiliate would become subject to any withdrawal liability under ERISA if any Consolidated Party or any ERISA Affiliate were to withdraw completely from all Multiemployer Plans and Multiple Employer Plans as of the valuation date most closely preceding the date on which this representation is made or deemed made.

  • The Unfunded Liabilities of all Single Employer Plans do not in the aggregate exceed $10,000,000.

  • No member of the Consolidated Group nor any ERISA Affiliate would become subject to any withdrawal liability under ERISA if any member of the Consolidated Group or any ERISA Affiliate were to withdraw completely from all Multiemployer Plans and Multiple Employer Plans as of the valuation date most closely preceding the date on which this representation is made or deemed made.

  • The Unfunded Liabilities of all Single Employer Plans do not in the aggregate exceed $5,000,000.

  • Neither the Borrower, any of the Subsidiaries of the Borrower nor any ERISA Affiliate would become subject to any withdrawal liability under ERISA if the Borrower, any of the Subsidiaries of the Borrower or any ERISA Affiliate were to withdraw completely from all Multiemployer Plans and Multiple Employer Plans as of the valuation date most closely preceding the date on which this representation is made or deemed made.

  • The Unfunded Liabilities of all Single Employer Plans do not in the aggregate exceed $500,000.

  • The Unfunded Liabilities of all Single Employer Plans do not in the aggregate exceed $100,000.

  • The Unfunded Liabilities of all Single Employer Plans do not in the aggregate exceed $40,000,000.

  • The Unfunded Liabilities of all Single Employer Plans do not in the aggregate exceed $75,000,000.

Related to Employer Plans

  • Multi-employer Plan means a Plan that is a Multi-employer plan as defined in Section 4001(a)(3) of ERISA.

  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.

  • Multiemployer Plans means “multiemployer plans” as defined by Section 3(37) of ERISA.

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

  • ERISA Plans means “employee benefit plans” within the meaning of Section 3(3) of ERISA.