International Benefit Plan means each Benefit Plan sponsored, maintained or contributed to principally for the benefit of International Business Employees.

International Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by any of the Purchased Companies or any Subsidiary of a Purchased Company primarily for the benefit of International Business Employees, other than benefit plans established pursuant to statute.

International Benefit Plan means each Business Benefit Plan sponsored, established, maintained or contributed to, or required to be contributed to, or with respect to which Seller or any of its Subsidiaries may have any Liability, direct or indirect, contingent or otherwise (including a Liability arising out of an indemnification, guarantee, hold harmless or similar agreement), pursuant to any laws other than the laws of the United States (excluding any such plan, fund, program, agreement or arrangement sponsored by a government, governmental entity, Government Instrumentality or Governmental Authority).

Examples of International Benefit Plan in a sentence

Except as otherwise provided under this Agreement, effective as of immediately after the Effective Time, Xxxxxxx Electronics Group Employees shall not be eligible to participate in any Xxxxxxx International Benefit Plan.
The Parties acknowledge and agree that neither the consummation of the Distribution nor any transaction in connection with the Distribution shall be deemed a “change of control,” “change in control,” or term of similar import for purposes of any Xxxxxxx International Benefit Plan, Xxxxxxx Electronics Benefit Plan, Xxxxxxx International Equity Plan or Xxxxxxx Electronics Equity Plan, or any Xxxxxxx International or Xxxxxxx Electronics policy or agreement.
Notwithstanding anything to the contrary in this Agreement or the Distribution Agreement, no participant in the Xxxxxxx Electronics Benefit Plans shall receive benefits that duplicate benefits provided by the corresponding Xxxxxxx International Benefit Plan.
To the extent such coverage does not commence until following the Effective Time, Xxxxxxx Electronics shall indemnify Xxxxxxx International for any continued participation by such employee in the corresponding Xxxxxxx International Benefit Plan.
No Company International Benefit Plan has unfunded liabilities that, as of the Effective Time, will not be offset by insurance or fully accrued.

More Definitions of International Benefit Plan

International Benefit Plan means, with reference to any party hereto, each Benefit Plan that has been adopted or maintained by such party or any ERISA Affiliate of such party, whether informally or formally, or with respect to which such party or any ERISA Affiliate of such party will or may have any liability, for the benefit of Employees of such party who perform services outside the United States.

International Benefit Plan means each Company Benefit Plan that covers current or former directors, officers or employees of the Company or any Company Subsidiary who are located primarily outside of the United States.

International Benefit Plan shall have the meaning set forth in Section 3.16(d).

International Benefit Plan means any Seller Benefit Plan that is (i) maintained by a Business Subsidiary outside of the United States or for Business Employees who are located primarily outside of the United States, (ii) not required under, or maintained solely to satisfy, applicable Requirements of Law, and (iii) not maintained by a governmental entity.

International Benefit Plan has the meaning specified in Section 5.16(c).

International Benefit Plan means each Transferring Employee Benefit Plan that is exclusively maintained, or required by applicable Law to be maintained, for International Transferring Employees and their eligible spouses, dependents, and beneficiaries.

International Benefit Plan means each Seller Benefit Plan that is not a U.S. Seller Benefit Plan. “International Business Employee” means each Business Employee who is not a U.S. Business Employee. “IRS” means the U.S. Internal Revenue Service.