ERISA Pension Plans definition
Examples of ERISA Pension Plans in a sentence
Apart from benefits from "employee pension benefit plans" ("ERISA Pension Plans") as defined in Section 3(2) of ERISA and benefits described under Section 4980 of the Code, neither the Company nor any of the Subsidiaries has any obligation to provide benefits under any Plan except as to its active employees.
With respect to the ERISA Pension Plans intended to be qualified under Section 401(a) of the Code, each of the Company and the Company Subsidiaries (as applicable) has received from the Internal Revenue Service a favorable determination for each of the ERISA Pension Plans and their related trusts that each of the ERISA Pension Plans is qualified under Section 401(a) of the Code and the related trust is tax-exempt under Section 501(a) of the Code.
There has been no event subsequent to that determination that has adversely affected the tax qualified status of the ERISA Pension Plans or the exemption of the related trusts other than changes in the Code that are not effective as of the Closing Date.
The ERISA Pension Plans and the employee welfare benefit plans (within the meaning of Section 3(1) of ERISA) established and maintained by the Company or any Company Subsidiary (“ERISA Welfare Benefit Plans” and, together with the ERISA Pension Plans, the “ERISA Plans”) comply in all material respects with the applicable requirements of ERISA.
Except as set forth in Section 2.22(c) of the Company Disclosure Schedule or in the notes to the Company’s financial statements included in the Company 10-K and the Company 10-Qs, the present value of all accrued benefits under each of the ERISA Pension Plans does not exceed the value of such plan’s assets, less all liabilities other than those attributable to accrued benefits.
All employee welfare benefit plans as defined in Section 3(1) of the Employee Retirement Income Security Act of 1974 ("ERISA") ("Welfare Plans"), employee pension benefit plans as defined in Section 3(2) of ERISA ("Pension Plans"), and all other employee benefit programs or arrangements of any type ("Other Plans"), written or unwritten (collectively, the "Plans") maintained by Seller or to which Seller contributes ("Seller's Plans") are listed on Schedule 5.11.
The Company ERISA Pension Plans and the employee welfare benefit plans (within the meaning of Section 3(1) of ERISA) established and maintained by the Company or the Company Subsidiary (“Company ERISA Welfare Benefit Plans” and, together with the Company ERISA Pension Plans, the “Company ERISA Plans”) comply in all material respects with the applicable requirements of ERISA.
Seller has received from the Internal Revenue Service a favorable determination for each of the ERISA Pension Plans and their related trusts that each of the ERISA Pension Plans is qualified under section 401(a) of the Code and the related trust is tax-exempt under section 501(a) of the Code.
Except as set forth in Section 3.22(c) of the Parent Disclosure Schedule or in the notes to the Parent’s financial statements included in the Parent 10-K and the Parent 10-Qs, the present value of all accrued benefits under each of the Parent ERISA Pension Plans does not exceed the value of such plan’s assets, less all liabilities other than those attributable to accrued benefits.
The ERISA Pension Plans and the employee welfare benefit plans (within the meaning of Section 3(1) of ERISA) established and maintained by the Parent or any Parent Subsidiary (“Parent ERISA Welfare Benefit Plans” and, together with the ERISA Pension Plans, the “Parent ERISA Plans”) comply in all material respects with the applicable requirements of ERISA.