Executive Benefit Plans definition

Executive Benefit Plans means the executive benefit plans and programs to be established by Water Pik pursuant to Section 2.2 that correspond to the respective ATI Executive Benefit Plans.
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Executive Benefit Plans means any plans within the meaning of Sections 4(c) and (d) of this Agreement.
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Executive Benefit Plans means the plans to be established by ElderCare pursuant to Section 2.3 that correspond to the respective Parent Executive Benefit Plans.
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Examples of Executive Benefit Plans in a sentence

  • Executive shall be entitled to participate in all executive benefit plans, practices, and programs maintained by the Company, as in effect from time to time (collectively, “Executive Benefit Plans”), to the extent consistent with applicable law and the terms of the applicable Executive Benefit Plans.

  • The Company reserves the right to amend or cancel any Executive Benefit Plans at any time in its sole discretion, subject to the terms of such Executive Benefit Plan and applicable law.

  • Nothing in this Agreement shall prohibit the Company from modifying or terminating any of its Executive Benefit Plans in a manner that does not discriminate between Executive and other executives of the Company.

  • Except (i) for Benefit Liabilities arising under the Teledyne Pension Equalization Plan and (ii) as otherwise expressly provided in this Article VI, effective Immediately After the Distribution Date, Water Pik and the Water Pik Entities shall assume and be solely responsible for all Benefit Liabilities to or relating to Water Pik Individuals under all ATI Executive Benefit Plans.

  • Except as otherwise expressly provided in this Article VI, effective Immediately After the Distribution Date, Teledyne Technologies and the Teledyne Technologies Entities shall assume and be solely responsible for all Benefit Liabilities to or relating to Teledyne Technologies Individuals under all ATI Executive Benefit Plans.

  • Deferred Compensation Plans and Other Executive Benefit Plans, effective January 13, 1994.

  • Effective as of the Close of the Distribution Date, ElderCare shall adopt, cause to be adopted, or shall assume, as applicable, the ElderCare Savings Plan, ElderCare Deferral Plan, ElderCare Bonus Plan, ElderCare Incentive Plan and ElderCare Executive Benefit Plans for the benefit of ElderCare Individuals and other future and former employees of ElderCare and the ElderCare Entities.

  • As part of these agreements, the executives were given a qualified right to continued participation in certain of the Executive Benefit Plans.

  • Termination of the Executive Benefit Plans will save the Debtors in excess of $3.6 million per year and cause an immediate return to their estates of approximately $57 million.

  • Except as provided in this Agreement, effective as of the Contribution Effective Time, NewCo shall assume and be solely responsible for all Liabilities to or relating to NewCo Employees and Former NewCo Employees under all IAC Executive Benefit Plans and NewCo Executive Benefit Plans.


More Definitions of Executive Benefit Plans

Executive Benefit Plans means the executive benefit and nonqualified plans, programs, Individual Agreements and arrangements, other than Stock Award Plans and Stock Purchase Plans, to be established or assumed by Agere pursuant to Section 2.3 that correspond to the respective Lucent Executive Benefit Plans.
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Executive Benefit Plans means the executive benefit plans and programs to be established by Spinco pursuant to Section 2.2 that correspond to the respective ATI Executive Benefit Plans.
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Executive Benefit Plans when immediately preceded by "AT&T," means the executive benefit and nonqualified plans, programs, and arrangements established, maintained, agreed upon, or assumed by AT&T or an AT&T Entity for the benefit of employees and former employees of AT&T or an AT&T Entity before the Close of the Distribution Date, including the plans listed in Schedule 1. When immediately preceded by "Lucent," Executive Benefit Plans means the executive benefit plans and programs to be established
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Executive Benefit Plans means the executive benefit plans and programs to be established by Avaya pursuant to Section 2.3 that correspond to the respective Lucent Executive Benefit Plans. EXISTING ACQUISITION LOAN is defined in Section 4.2(c)(ii). FIRST TRANSFER DATE is defined in Section 3.2(b).
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Executive Benefit Plans means the executive benefit plans and programs to be established
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Executive Benefit Plans means any plans within the meaning of Sections 4(c) and (d) of this Agreement. (l) "Period" shall mean the two-year period commencing on the date of this Agreement. If the parties hereto agree to any extension of the Period, the term "Period" shall include all such extensions thereof; provided, that the Company shall not be obligated to grant any such extension. (m) "Permanently Disabled" shall mean prevented from performing his obligations hereunder for a period of 120 consecutive days as a result of his physical or mental health, as evaluated by sufficient documentation including doctors' statements. (n) "Stock Options" shall mean any options held by Executive granting him the right to acquire shares of common stock of the Company. (o) "Substantial Breach" shall mean (1) a substantial reduction in the nature or status of Executive's responsibilities hereunder; provided, that it shall not be deemed to be a Substantial Breach if Executive's duties are revised so that he remains an officer but is removed or not reelected as President or as Chief Operating Officer or as a director of the Company; (2) a reduction by the Company in the Base Salary of Executive; (3) the failure by the Company to allow Executive to participate to the full extent in all plans, programs or benefits in accordance with Sections 4(b) to (d), inclusive, hereof; (4) the failure by the Company to pay, distribute or grant any amounts of cash, stock or other compensation to Executive to which he is contractually entitled; or (5) the failure of the Company to maintain its principal offices during the Period in Atlantic, Bergen, Passaic, Xxxxxx or Essex counties in New Jersey or Rockland county in New York, provided, however, that the Company move and maintain its principal offices through the end of the Period in Bergen, Passaic, Xxxxxx or Essex counties in New Jersey or Rockland county in New York upon the merger or consolidation with or into another entity. A Substantial Breach shall be deemed to occur only if such Substantial Breach has not been corrected by the Company within two weeks of receipt of notice from Executive of the occurrence of such Substantial Breach, which notice shall specifically set forth the nature of the Substantial Breach.
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Related to Executive Benefit Plans

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Compensation and Benefit Plans has the meaning set forth in Section 5.03(m).

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Seller Benefit Plans shall have the meaning ascribed thereto in Section 4.11(a) hereof.

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Employee Benefit Plans shall have the meaning set forth in Section 3.20(a).

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Company Plans has the meaning set forth in Section 3.13(a).

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Sec. 3(1).

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.