ERISA Controlled Group definition

ERISA Controlled Group means a group consisting of any ERISA Person and all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control with such Person that, together with such Person, are treated as a single employer under regulations of the PBGC.

ERISA Controlled Group means a group of Persons considered to be aggregated with each other pursuant to Section 414(b), (c), (m) or (o) of the Code.

ERISA Controlled Group is defined in Section 4.24(d).

Examples of ERISA Controlled Group in a sentence

• To the best knowledge of the Borrower and each member of its ERISA Controlled Group, no Multiemployer Plan is or is likely to be in reorganization (as defined in Section 4241 of ERISA or Section 418 of the Code) or is insolvent (as defined in Section 4245 of ERISA).

• No material liability to the PBGC (other than required premium payments), the Internal Revenue Service, any Plan or any trust established under Title IV of ERISA has been, or is expected by the Borrower or any member of its ERISA Controlled Group to be, incurred by the Borrower or any member of its ERISA Controlled Group.

• No lien under Section 412(n) of the Code or 302(f) of ERISA or requirement to provide security under Section 401(a)(29) of the Code or Section 307 of ERISA has been or is reasonably expected by the Borrower or any member of its ERISA Controlled Group to be imposed on the assets of the Borrower or any member of its ERISA Controlled Group.

• The Borrower and each member of its ERISA Controlled Group have complied with the requirements of Section 515 of ERISA with respect to each Multiemployer Plan and is not in "default" (as defined in Section 4219(c)(5) of ERISA) with respect to payments to a Multiemployer Plan.

• The Borrower shall not, nor shall it permit any member of its ERISA Controlled Group to, take any action which would increase the aggregate present value of the Unfunded Benefit Liabilities under all Plans to an amount in excess of $2,000,000.

More Definitions of ERISA Controlled Group

ERISA Controlled Group in clauses (i) and (ii) will not include a Person that was a member of the ERISA Controlled Group solely as a result of the acquisition of a member of such ERISA Controlled Group by Lasmo plc and (B) the Ultramar U.S. Employees Retirement Plan with respect to any period on or after January 1, 1993 should not be considered a Plan under clause (i).

ERISA Controlled Group means the group of companies that are required to be considered as one employer for ERISA purposes pursuant to the rules contained in Sections 414(b), 414(c), 414(m) of the Code and the first sentence of Section 414(o) of the Code.

ERISA Controlled Group means any Persons which together are treated as a single employer under Section 4001(b)(i) of ERISA or Sections 4014(b), (c), (m) or (o) of the Code.

ERISA Controlled Group means any corporation or entity or trade

ERISA Controlled Group means a group consisting of any ERISA Person and all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control with such Person that, together with such Person, are treated as a single employer under regulations of the PBGC. Notwithstanding the foregoing, any liability of any member of the ERISA Controlled Group other than Holdings, the Borrower or any of their respective Subsidiaries shall be disregarded for all purposes of this Agreement to the extent that such liability is not the joint and several liability of Holdings, the Borrower or any of their respective Subsidiaries.

ERISA Controlled Group means a corporation, trade or business (whether or not incorporated) that is, along with any Primary Obligor, a member of a controlled group of trades or businesses as described in Section 414 of the Internal Revenue Code. “ERISA Investor” means an Investor that is:

ERISA Controlled Group means any corporation or entity or trade or business or person that is a member of any group described in Section 414(b), (c), (m) or (o) of the Code of which Owner is a member; provided, that for purposes of Title IV of ERISA such term shall only include Sections 414(b) and (c) of the Code, and "Unfunded Benefit Liabilities" means, with respect to any Plan at any time, the amount (if any) by which (1) the present value of all benefit liabilities under a plan as defined in Section 4001(a)(16) of ERISA, exceeds (2) the fair market value of all plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan (on the basis of assumptions prescribed by the PBGC for the purpose of Section 4044 of ERISA).