Parent Foreign Plan means (i) any Parent Plan that is maintained, sponsored or contributed to (or required to be contributed to) primarily for the benefit of any current or former employee, officer, director or other service provider of Parent or any of its subsidiaries or with respect to which Parent or any of its subsidiaries has or could have any liability, contingent or otherwise, who are or were providing services outside the United States and (ii) any plan that would be a Parent Plan except for the fact that it is subject to any Law other than U.S. federal, state or local Law.
Parent Foreign Plan has the meaning set forth in Section 3.17(l).
Parent Foreign Plan means any: (a) plan, program, policy, practice, Contract or other arrangement of Parent mandated by a Governmental Authority outside the United States and covering any Parent Associate; (b) Parent Benefit Plan that is subject to any of the applicable laws of any jurisdiction outside the United States; or (c) Parent Benefit Plan that covers or has covered any Parent Associate whose services are or have been performed primarily outside of the United States.
Examples of Parent Foreign Plan in a sentence
Neither Parent nor any Parent ERISA Affiliate sponsors, maintains, participates in, or contributes to, or has an obligation to contribute to or has any Liability with respect to any Parent Foreign Plan.
More Definitions of Parent Foreign Plan
Parent Foreign Plan means each bonus, deferred compensation, incentive compensation, stock purchase, stock option and other equity compensation, employment, consulting, severance or termination pay, hospitalization or other medical, life or other insurance, supplemental unemployment benefits, profit-sharing, pension or retirement, or supplemental pension or retirement plan, program, Contract, agreement or arrangement, and each other employee benefit plan or perquisite that (i) is sponsored, maintained or contributed to or required to be contributed to by Parent or a Parent Subsidiary for the benefit of any employee of former employee of Parent or Parent Subsidiary and with respect to which Parent or Parent Subsidiary may incur liability and (ii) is not a Parent Domestic Plan; provided, however, that, for purposes of this Agreement, the term "Parent Foreign Plan" shall not include any such plan benefitting any employee or former employee of any Compass entity.
Parent Foreign Plan shall refer to each material plan, program or contract that is subject to or governed by the laws of any jurisdiction other than the United States, and which would have been treated as a Parent Benefit Plan had it been a United States plan, program or contract. Section 3.14(a) to the Parent Disclosure Schedule lists all Parent Benefit Plans and Parent Foreign Plans.
Parent Foreign Plan means an employee benefit plan, program, or arrangement maintained or contributed to by Parent or any ERISA Affiliate primarily for the benefit of any employee or former employee of Parent or its ERISA Affiliates employed outside the United States.
Parent Foreign Plan refers to each plan, agreement or arrangement that is subject to or governed by the laws of any jurisdiction other than the United States and that would have been treated as a Parent Benefit Plan had it been a United States plan, agreement or arrangement, other than a plan or program operated by a Governmental Entity (such as a government-operated provincial health plan or the Canada Pension Plan). With respect to each Parent Benefit Plan and Parent Foreign Plan, no event has occurred and there exists no condition or set of circumstances in connection with which Parent or any Parent Subsidiary would be subject to any liability that, individually or in the aggregate, would have or result in a material adverse effect on Parent.
Parent Foreign Plan means any material plan, program, policy, arrangement or agreement maintained or contributed to by, or entered into with, Parent or any Subsidiary with respect to employees (or former employees) employed outside the United States to the extent the benefits provided thereunder are not mandated by the laws of the applicable foreign jurisdiction. As regards each Parent Foreign Plan, (i) such Parent Foreign Plan is in material compliance with the provisions of the legal requirements of each jurisdiction in which such Parent Foreign Plan is being maintained; (ii) all contributions to, and material payments from, a Parent Foreign Plan which have been required under applicable law or the terms of such plan to be made have been timely made or shall be timely made by the Closing Date (and are reflected as an accrued liability on the Parent Balance Sheet); (iii) Parent, each Parent Subsidiary and any of its or their Parent ERISA Affiliates have materially complied with all applicable reporting and notice requirements applicable to such Parent Foreign Plan; (iv) there are no pending investigations by any governmental body involving the Parent Foreign Plans, and no pending claims, suits or proceedings against such Parent Foreign Plan (other than claims for benefits payable in the normal operation of such plan); (v) the consummation of the transactions contemplated by this Agreement will not itself create or otherwise result in any liability with respect to such Parent Foreign Plan; and (vi) no condition exists that would prevent Parent, any Parent Subsidiary, or any of its or their Parent ERISA Affiliates from terminating or amending any Parent Foreign Plan at any time for any reason in accordance with the terms of each such Parent Foreign Plan without the payment of fees, costs or expenses (other than payment of benefits accrued on the Balance Sheet and any normal and reasonable administrative expenses typically incurred in a termination event).
Parent Foreign Plan means any Parent Benefit Plan that is maintained outside of the United States. Each Parent Foreign Plan complies with all applicable Law (including applicable Law regarding the form, funding and operation of the Foreign Plan), except as would not reasonably be expected to have or result in a material adverse effect on Parent. The financial statements of the Parent included in the Parent SEC Documents accurately reflect the Parent Foreign Plan liabilities and accruals for contributions required to be paid to the Parent Foreign Plans, in accordance with applicable generally accepted accounting principles consistently applied, except as would not reasonably be expected to have or result in a material adverse effect on Parent. All contributions required to have been made to all Parent Foreign Plans as of the Closing will have been made as of the Closing. There are no actions, suits or claims pending or, to the Parent’s knowledge, threatened with respect to the Parent Foreign Plans (other than routine claims for benefits), except as would not reasonably be expected to have or result in a material adverse effect on Parent. There have not occurred, nor are there continuing any transactions or breaches of fiduciary duty under applicable Law with respect to any Parent Foreign Plan which would reasonably be expected to have or result in a material adverse effect on Parent.
Parent Foreign Plan means: (a) any plan, program, policy, practice, Contract or other arrangement mandated by a Governmental Body outside of the United States to which any of the Tiger Corporations is required to contribute or under which any of the Tiger Corporations has or may have any liability; (b) any Parent Employee Plan that is subject to any of the Legal Requirements of any jurisdiction outside of the United States; or (c) any Parent Employee Plan that covers or has covered any Parent Employee whose services are or have been performed primarily outside of the United States.