Partnership Benefit Plans has the meaning set forth in Section 4.18.
Partnership Benefit Plans means any “employee benefit plans” within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA, or any other plans, programs, policies, agreements or other arrangements providing for cash or equity or equity-based, employment, retention, change of control, health, medical, dental, disability, accident, life insurance, vacation, severance, retirement, pension, savings, termination or other employee benefits sponsored, maintained or contributed to, or required to be contributed to, by the Partnership.
Partnership Benefit Plans means all Benefit Plans sponsored, maintained, contributed to or required to be contributed to by the Partnership or any of the Partnership Subsidiaries, or under which the Partnership or any of the Partnership Subsidiaries has any liability or obligation (contingent or otherwise).
Examples of Partnership Benefit Plans in a sentence
All employees, other than the Transferred Employees, hired by the Partnership following the Closing Date and prior to the Partnership's establishment of the Partnership Benefit Plans described in Section 5.9.3 will be eligible for coverage under the Transition Benefit Plans applicable to employees at the location of the employment of such new hires.
As soon as practicable after the Closing Date, the Parents shall use reasonable efforts to provide the Partnership with such information as may reasonably be required in connection with the Partnership's development or implementation of the Partnership Benefit Plans, employment practices and policies.
The Partnership and its Affiliates shall retain all assets and Liabilities for the Business Employees under the Partnership Benefit Plans, including all Liabilities for eligible claims for benefits under the Partnership Benefit Plans that are welfare plans that are incurred by the Transferred Employees on or prior to the Employee Transfer Date.
Prior to the Effective Time, the General Partner will cause the Partnership to terminate certain Partnership Benefit Plans that provide for the payment of severance benefits or change in control benefits and which are identified by name in Section 6.17 of the Partnership Disclosure Schedules (the “Terminated Partnership Plans”).
Sub-Adviser and Adviser understand that such arbitration shall be final and binding, and that by agreeing to arbitration, Adviser and Sub-Adviser are waiving their respective rights to seek remedies in court, including the right to a jury trial.
More Definitions of Partnership Benefit Plans
Partnership Benefit Plans means all Benefit Plans sponsored, maintained, contributed to or required to be contributed to by the Partnership or any of its Subsidiaries, or under which the Partnership or any of its Subsidiaries has any liability or obligation (contingent or otherwise), and (B) “ERISA Affiliate” means, with respect to any person, trade or business (whether or not incorporated), any other person, trade or business (whether or not incorporated), that together with such first person, trade or business (whether or not incorporated), is, or was at a relevant time, treated as a single employer or under common control, in either case, under or within the meaning of Section 414(b), (c), (m) or (o) of the Code or Section 4001 of ERISA.
Partnership Benefit Plans means all Benefit Plans sponsored, maintained, contributed to or required to be contributed to by the Partnership, the General Partner or any of their Subsidiaries (other than SESH), or under which the Partnership, the General Partner or any of their Subsidiaries (other than SESH) has any material liability (contingent or otherwise), and (ii) “ERISA Affiliate” means, with respect to any person, trade or business, any other person, trade or business (whether or not incorporated), that together with such first person, trade or business, is, or was at a relevant time, treated as a single employer or under common control, in either case, under or within the meaning of Section 414(b), (c), (m) or (o) of the Code or Section 4001 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Section 3.9(a)(ii) of the Partnership Disclosure Schedule lists all material Benefit Plans maintained, sponsored or contributed to by any holder of Partnership Common Units and in which any Partnership Employee currently participates as an active employee (the “Seller Plans”).
Partnership Benefit Plans has the meaning set forth in Section 7.1(e).
Partnership Benefit Plans means all plans, arrangements, agreements, programs, policies, practices or undertakings, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, registered or unregistered, maintained by the Partnership or by the Seller or any of its Affiliates in which the employees of the Partnership participate or under which the Partnership or the Seller or any of its Affiliates has, or will have, any liability or contingent liability under or in respect of the employees of the Partnership, pursuant to which payments are made, or benefits are provided to, or an entitlement to payments or benefits may arise with respect to any of the employees of the Partnership, or former employees, directors or officers, individuals working on contract with the Partnership or other individuals providing services to any of them of a kind normally provided by employees (or any spouses, dependants, survivors or beneficiaries of any such persons), excluding registered pension plans such as the Partnership Pension Plan and also excluding any statutory plans with which the Partnership is required to comply, such as plans administered pursuant to applicable health tax legislation, workers' compensation insurance and unemployment insurance, and including for greater certainty any employee savings plans.
Partnership Benefit Plans means all compensation and/or benefit plans, programs, policies, agreements or other arrangements, including any “employee welfare plan” within the meaning of Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), any “employee pension benefit plan” within the meaning of Section 3(2) of ERISA (whether or not such plan is subject to ERISA), and any bonus, incentive, deferred compensation, vacation, stock purchase, stock option, stock ownership, stock appreciation, restricted stock, restricted stock unit, phantom stock or other equity-based, severance, employment, change of control or fringe benefit plan, program or agreement (other than any “multiemployer plan” within the meaning of Section 4001(a)(3) of ERISA), in each case, that are sponsored, maintained or contributed to by the Partnership Entities for the benefit of current or former employees and entered into in the ordinary course of business.
Partnership Benefit Plans which shall mean the benefit plans and programs under (a) all employee plans applicable to employees of the Partnership in similar jobs, other than any employee plan that provides benefits under section 401(k) of the Code ("Partnership 401(k) Plan"), and (b) a plan sponsored by the Partnership that is substantially identical to the PSA (the "Mirror Plan"); provided, however that the Mirror Plan will (w) provide for a level of matching contributions and forms of distribution identical to that provided by the Partnership 401(k) Plan (except as required by law for benefits transferred from the PSA and SIP), (x) not offer investment in guaranteed investment contracts, (y) not offer new investments in Occidental common stock and (z) not offer investments in Occidental common stock after September 30, 1998. From and after the Expiration Date, each Non-Union Employee shall be eligible to participate in such Partnership Benefit Plans in accordance with the terms and conditions thereof; provided, however, that from and after January 1, 1999 such Non-Union Employee shall commence participation in the Partnership 401(k) Plan and shall no longer be entitled to contributions under the Mirror Plan. Under such Partnership Benefit Plans which are Employee Welfare Benefit Plans, Non-Union Employees and their eligible dependents, if a participant in any health, long term disability or life insurance plans, as applicable, of a Contributor or its Affiliates immediately prior to the Expiration Date, (a) shall participate in such Partnership Benefit Plans as of the Expiration Date, and (b) shall be deemed to satisfy any pre-existing condition limitations under group medical, dental, life insurance or disability plans that shall be provided after the
Partnership Benefit Plans is defined in Section 2.8(g).