No Pension Plans Clause Samples
The "No Pension Plans" clause states that the employer does not provide any pension or retirement benefit plans to the employee as part of their compensation package. In practice, this means that employees should not expect contributions to a pension fund, 401(k), or similar retirement savings plan from the employer during their employment. This clause clarifies the employer's obligations and prevents misunderstandings regarding retirement benefits, ensuring that both parties are aware that no such benefits are included in the employment terms.
No Pension Plans. Neither the Company nor any current or past ERISA Affiliate has ever maintained, established, sponsored, participated in, or contributed to, any Pension Plans subject to Title IV of ERISA or Section 412 of the Code.
No Pension Plans. There are no pension, profit sharing, group insurance or similar plans or other deferred compensation plans affecting the Company;
No Pension Plans. No Employee Benefit Plan is an "employee pension benefit plan" (within the meaning of Section 3(2) of ERISA) subject to Section 412 of the Code or Section 302 or Title IV of ERISA. Neither the Company nor any of its Subsidiaries has ever maintained or contributed to, or had any obligation to contribute to (or borne any liability with respect to) any "multiple employer plan" (within the meaning of the Code or ERISA) or any "multiemployer plan" (as defined in Section 4001(a)(3) of ERISA).
No Pension Plans. The Company has not ever maintained, established, sponsored, participated in, or contributed to, any (i) Pension Plans subject to Title IV of ERISA or Section 412 of the Code; (ii) "multiemployer plan" within the meaning of Section (3)(37) of ERISA; or (iii) multiemployer plan, or to any plan described in Section 413 of the Code.
No Pension Plans. No Credit Party is required to establish, operate or maintain Canadian Pension Plans or Canadian Plans pursuant to Applicable Canadian Pension Laws and it has not established, operated or maintained any Canadian Pension Plans and Canadian Plans, and (ii) there are no corporately funded defined benefits or Canadian Plans.
No Pension Plans. There are no pension, profit sharing, group insurance or similar plans or other deferred compensation plans affecting Kraft, except as set forth in the Kraft Financial Statements;
No Pension Plans. Neither of the Sellers nor any members of the Group have ever maintained, established, sponsored, participated in or contributed to any employee pension benefit plan (as defined Section 3(2) of ERISA) which was, or is, subject to Part 3 of Subtitle B of Title I of ERISA, Title IV of ERISA or Section 412 of the Code, and neither of the Sellers nor any member of the Group has incurred, or expects to incur, any liability under Title IV of ERISA.
No Pension Plans. There are no pension, profit sharing, group insurance or similar plans or other deferred compensation plans affecting AUGI;
No Pension Plans. There are no pension, profit sharing, group insurance or similar plans or other deferred compensation plans affecting SUNO or its subsidiaries;
No Pension Plans. There are no pension, profit sharing, group insurance or similar plans or other deferred compensation plans affecting Cirus or its subsidiaries;