ERISA Compliance definition

ERISA Compliance. No “prohibited transaction” (as defined in Section 406 of the Employee Retirement Income Security Act of 1974, as amended, including the regulations and published interpretations thereunder (“ERISA”), or Section 4975 of the Internal Revenue Code of 1986, as amended from time to time (the “Code”)) or “accumulated funding deficiency” (as defined in Section 302 of ERISA) or any of the events set forth in Section 4043(b) of ERISA (other than events with respect to which the thirty (30)-day notice requirement under Section 4043 of ERISA has been waived) has occurred or could reasonably be expected to occur with respect to any employee benefit plan of the Company which could, singularly or in the aggregate, have a Material Adverse Change. Each employee benefit plan of the Company is in compliance in all material respects with its terms and applicable law, including ERISA and the Code. The Company has not incurred and could not reasonably be expected to incur material liability under Title IV of ERISA or with respect to any “multiemployer plan” as defined in Section 3(37) of ERISA. Each pension plan for which the Company would have any liability that is intended to be qualified under Section 401(a) of the Code is so qualified, and to the Company’s Knowledge, nothing has occurred, whether by action or by failure to act, which could, singularly or in the aggregate, cause the loss of such qualification.
View Source

Examples of ERISA Compliance in a sentence

  • Governmental Consent Investment Company Act Reserved Reserved Matters Relating to Petrolane Matters Relating to the General Partner ERISA Compliance Use of Proceeds; Margin Regulations Environmental Warranties Copyrights, Patents, Trademarks and Licenses, etc.

  • ERISA Compliance .........................................................................................................

  • Section 9.07 Nature of Business 76 Section 9.08 Use of Proceeds 76 Section 9.09 ERISA Compliance 77 Section 9.10 Mergers, Etc.

  • Notwithstanding anything contained in this Section 4.12 to the contrary, no representation or warranty shall be deemed to be made in this Section 4.12 in respect of the matters referenced in Sections 4.6 (Parent SEC Documents; Financial Statements; No Undisclosed Liabilities), 4.7 (Internal Controls and Procedures), 4.10 (Benefits Matters; ERISA Compliance), 4.11 (Labor Matters), 4.14 (Environmental Matters), 4.15 (Taxes), or 4.21 (Government Contracts).

  • Schedule 3.2.10(ii) ERISA Compliance............................................

  • Borrower shall fail to strictly comply with the provisions of Section 8.12 (ERISA Compliance).

  • Notwithstanding anything contained in this Section 3.12 to the contrary, no representation or warranty shall be deemed to be made in this Section 3.12 in respect of the matters referenced in Sections 3.6 (Company SEC Documents; Financial Statements; No Undisclosed Liabilities), 3.7 (Internal Controls and Procedures), 3.10 (Benefits Matters; ERISA Compliance), 3.11 (Labor Matters), 3.14 (Environmental Matters), 3.15 (Taxes), or 3.21 (Government Contracts).

  • Schedule 3.1.11(ii) ERISA Compliance............................................

  • Section 5.03 Conduct of Business and Maintenance of Existence Section 5.04 Compliance with Laws Section 5.05 ERISA Compliance Section 5.06 Consolidations, Mergers and Sale of Assets.

  • Solvency; No Litigation, Violation, Indebtedness or Default; ERISA Compliance..............................................................