Material Employment Arrangement definition

Material Employment Arrangement has the meaning set forth in Section 4.15(a).
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Material Employment Arrangement means any agreement or other arrangement that provides to an officer or employee of the Company or any of its Subsidiaries (which, for purposes of this definition, includes the Person named in Section 1.01 of the Company Disclosure Schedule) (i) an annual base salary in excess of $300,000, (ii) a stated term of employment that expires on or after June 30, 2005 and is not terminable by the Company or any of its Subsidiaries without severance payments that exceed one calendar year following termination, (iii) any other payments, including contingent, severance or other termination benefits or payments which benefits or payments are payable for longer than one calendar year following the day upon which such Person's services are terminated, or (iv) the right to accelerate such Person's benefits or terminate such Person's employment services thereunder as a result of the Transactions, other than in connection with any actions taken by Purchaser following the Closing.
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Related to Material Employment Arrangement

  • Managerial employee means an employee of the State of Oregon or a public university

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Casual Employee means an employee who has no set hours or days of work and who is normally asked to work as and when required.

  • 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.

  • Professional employer agreement means a written contract by and between a client and a PEO that provides for the following:

  • 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.

  • 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;

  • Multiple employer welfare arrangement means a “multiple employer welfare arrangement” within the meaning of Section 3(40) of ERISA.

  • 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.

  • 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 and subject to 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”.

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

  • Gainful employment means paid employment for not less than 30 hours in each week for a period of not less than 12 months;

  • relevant employer means any company incorporated or registered under the Companies Act (Cap. 50) or any person registered under the Business Names Registration Act 2014;

  • 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.

  • Multi-employer Plan means a multi-employer plan, as defined in Section 4001(a)(3) of ERISA to which the Borrower or any Subsidiary of the Borrower or any ERISA Affiliate is making or accruing an obligation to make contributions or has within any of the preceding five plan years made or accrued an obligation to make contributions.

  • Company Plan means all Plans of which the Company or an ERISA Affiliate of the Company is or was a Plan Sponsor, or to which the Company or an ERISA Affiliate of the Company otherwise contributes or has contributed, or in which the Company or an ERISA Affiliate of the Company otherwise participates or has participated. All references to Plans are to Company Plans unless the context requires otherwise.

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).

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

  • Professional employee means an employee who holds a position for which a certificate issued by the New Jersey State Board of Examiners is required.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.