Other Benefit Plan definition

Other Benefit Plan means any employee welfare benefit plan (within the meaning of section 3(1) of the Employee Retirement Income Security Act of 1974, as amended) maintained by the Company.

Other Benefit Plan means any arrangement providing health care benefits or services, including but not limited to: group, blanket, or franchise insurance coverage; group or individual practice or other prepayment coverage; labor management trusteed plans; union welfare plans; employer organization plans, or employee benefit organization plans; or any tax supported or governmental program.

Other Benefit Plan means any employee benefit plan, within the meaning of Section 3(3) of ERISA, employment or other compensation plan, program or contract, including, without limitation, a "cafeteria plan" under Section 125 of the Code, under any of which any Borrower or any Subsidiary of the Borrowers have any liability or obligation, but excluding any Pension Plan or Multiemployer plan.

Examples of Other Benefit Plan in a sentence

• When a plan covers the Covered Person as an active employee or a Dependent of such employee and the Other Benefit Plan covers the Covered Person as a laid-off or retired employee or as a Dependent of such person, the plan that covers the Covered Person as an active employee or Dependent of such employee is primary.

• If the Other Benefit Plan contains no COB provision, it will always be primary.

• Claims in Class 1 (Priority Non-Tax Claims), Class 4 (WMI Medical Plan Claims), Class 5 (JPMC Rabbi Trust/Policy Claims), Class 6 (Other Benefit Plan Claims), Class 7 (Qualified Plan Claims), Class 8 (WMB Vendor Claims), Class 9 (Visa Claims), Class 10 (Bond Claims), Class 11 (WMI Vendor Claims), and Class 13 (Convenience Claims) are unimpaired and holders thereof are conclusively presumed to have accepted the Plan.

• If a Dependent is covered by two benefit plans and the Other Benefit Plan does not have coordinate benefits based on the birthday of the parent (e.g., benefits are coordinated based on the gender of the parents), the rule of the Other Benefit Plan will determine the primary and secondary contract.

• Commencing on the Effective Date, JPMC shall pay or fund the payment of all Other Benefit Plan Claims, in full satisfaction, release and exchange of such Claims.

More Definitions of Other Benefit Plan

Other Benefit Plan means any bonus, deferred compensation, stock purchase, stock option, stock appreciation right, phantom stock right, severance, salary continuation, vacation, sick leave, fringe benefit, incentive, insurance, welfare or similar plan or arrangement other than a Pension Plan, Multiemployer Plan or Welfare Plan.

Other Benefit Plan means any bonus, deferred compensation, stock purchase, stock option, stock appreciation rights, phantom stock rights, severance, salary continuation, vacation, sick leave, fringe benefit, incentive, insurance, welfare or similar plan or arrangement other than a Plan, Multiemployer Plan and Welfare Plan.

Other Benefit Plan means any employee welfare benefit plan (within the meaning of Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended) maintained by the Company.

Other Benefit Plan means any employment contract or bonus, deferred compensation, stock purchase, stock option, severance, salary continuation, vacation, sick leave, change of control, retention or similar material plan or arrangement.

Other Benefit Plan any Benefit Plan sponsored or maintained by UWS prior to the Distribution Date other than a Transferred Retirement Plan, a Welfare Plan, the UWS Nonqualified Compensation Plans, the UWS SAR Plan, the UWS Stock Option Plans, the Supplemental Retirement Plan and the Deferred Compensation Plan.

Other Benefit Plan means any bonus, deferred compensation, stock purchase, stock option, restricted stock, stock appreciation rights, phantom stock rights, severance, salary continuation, vacation, sick leave or other employee plan, agreement or arrangement other than a Plan, Multiemployer Plan and Welfare Plan.

Other Benefit Plan means any bonus, deferred compensation, stock purchase, stock option, stock appreciation rights, phantom stock rights, severance, salary continuation, vacation, sick leave, fringe benefit, incentive, insurance, welfare or similar plan or arrangement other than a Pension Plan, Multiemployer Plan, Welfare Plan or the Redemption Agreements. “Pension Plan” means any employee pension benefit plan as defined in Section 3(2) of ERISA or the Laws of any other relevant jurisdiction. “Welfare Plan” means any employee welfare benefit plan as defined in Section 3(1) of ERISA or the Laws of any other relevant jurisdiction.