PEO Benefit Plan definition

PEO Benefit Plan means any Employee Benefit Plan that is sponsored or maintained by a PEO under which an employee of the Company may be eligible to receive benefits in connection with the Company’s engagement of such PEO.
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PEO Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by a PEO designated by Purchaser or any of its Affiliates and in which any Requisite Employee, or any beneficiary thereof, is or becomes eligible to participate or derive a benefit in connection with the engagement of such PEO.
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PEO Benefit Plan means any employment, severance pay, salary continuation, bonus, incentive, stock option, retirement, pension, profit sharing, retention or deferred compensation plans, or other plans, contracts, programs, funds, or arrangements of any kind, in each case, in which employees or former employees of Sellers or any of their Affiliates participate as a result of being co-employed by a professional employer organization which is not sponsored or maintained by Sellers or any of their respective Affiliates.
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Examples of PEO Benefit Plan in a sentence

  • Nothing contained in this Agreement, whether express or implied, shall: (i) be interpreted to prevent or restrict Buyer or its Affiliates from modifying or terminating the terms of employment of any Buyer Employee, including the amendment or termination of any employee benefit or compensation plan, program or arrangement, after the Closing or (ii) be treated as an amendment or other modification of any Seller Benefit Plan or arrangement or PEO Benefit Plan.

  • Except as could not result in liability to Buyer or its Affiliates, full payment has been timely made of all amounts which Seller or any of its Affiliates is required under applicable law or under any Seller Benefit Plan, PEO Benefit Plan or any agreement relating to any Seller Benefit Plan or PEO Benefit Plan to have paid as contributions or premiums thereunder.

  • Except as otherwise specifically provided in this Agreement, effective from and after the Closing Date, Purchaser shall, and shall cause its Affiliates to, be responsible for any and all Liabilities or obligations (i) arising under or with respect to any PEO Benefit Plan, (ii) with respect to any Requisite Employee arising on or following the Closing Date, or (iii) that transfer by operation of Law.

  • The consummation of the Transactions will not accelerate the time of the payment or vesting of, or increase the amount of, or result in the forfeiture of compensation or benefits under, any Seller PEO Benefit Plan or Seller Benefit Plan.

  • No action, suit, proceeding, hearing, audit or investigation with respect to the administration or the investment of the assets of any such Seller PEO Benefit Plan or Seller Benefit Plan as such relate to the Seller Employees (other than routine claims for benefits) is pending or, to the Knowledge of Seller, threatened.

  • Nothing in this Article VI, expressed or implied, shall be construed to prevent Purchaser or Seller, or their respective Affiliates from terminating or modifying to any extent or in any respect any PEO Benefit Plan or Seller Benefit Plan.

  • Seller has delivered to Buyer correct and complete copies of the plan documents and summary plan descriptions for Seller PEO Benefit Plans and Seller Benefit Plans, and all related trust agreements, insurance contracts, and other funding arrangements which implement each such Seller PEO Benefit Plan and Seller Benefit Plan.

  • To the Knowledge of Seller, each Seller PEO Benefit Plan (and each related trust, insurance contract or fund) has been maintained, funded and administered in accordance with the terms of such Seller PEO Benefit Plan and complies in form and in operation in all material respects with the applicable requirements of ERISA, the Code and other applicable Laws.

  • All premiums or other payments relating to Seller Employees for all periods ending on or before the Closing Date have been paid with respect to each such Seller PEO Benefit Plan and Seller Benefit Plan that is an Employee Welfare Benefit Plan.

  • Each Seller PEO Benefit Plan and Seller Benefit Plan that is intended to meet the requirements of a “qualified plan” under Code § 401(a) is so qualified, and no officer or director of Seller or other employee of Seller responsible for administration of such Seller PEO Benefit Plan or Seller Benefit Plan is aware of any facts or circumstances that would reasonably be expected to adversely affect the qualified status of any such Seller PEO Benefit Plan or Seller Benefit Plan.


More Definitions of PEO Benefit Plan

PEO Benefit Plan shall have the meaning given to it in Section 3.11(a).
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PEO Benefit Plan means an employee benefit plan that is sponsored by TriNet under which a current employee of the Company or any Subsidiary may be eligible to receive benefits in connection with the Company’s engagement of TriNet pursuant to the PEO Agreement. For purposes of clarity, representations and warranties in this Agreement regarding a PEO Benefit Plan shall be limited to events, conditions and circumstances related to participation in such plan by an employee of the Company or any Subsidiary.
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PEO Benefit Plan means an employee benefit plan that is sponsored by TriNet Group, Inc., TriNet HR Corporation or another affiliate of TriNet Group, Inc. under which a current employee of Target is eligible to receive benefits in connection with Target’s engagement of TriNet HR Corporation pursuant to the PEO Agreement, including the Multiple Employer 401(k) Plan. For purposes of clarity, representations and warranties in this Agreement regarding a PEO Benefit Plan shall be limited to events, conditions and circumstances related to participation in such plan by an employee of Target. [****] = Certain confidential information contained in this document, marked by brackets, has been omitted because it is both (i) not material and (ii) is the type that the registrant treats as private or confidential.
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PEO Benefit Plan means an employee benefit plan that is sponsored by TriNet Group, Inc., TriNet HR Corporation or another affiliate of TriNet Group, Inc. under which a current employee of Target is eligible to receive benefits in connection with Target’s engagement of TriNet HR Corporation pursuant to the PEO Agreement, including the Multiple Employer 401(k) Plan. For purposes of clarity, representations and warranties in this Agreement regarding a PEO Benefit Plan shall be limited to events, conditions and circumstances related to participation in such plan by an employee of Target. [****] = Certain confidential information contained in this document, marked by brackets, has been omitted because it is both (i) not material and (ii) is the type that the registrant treats as private or confidential.
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PEO Benefit Plan means any Employee Benefit Plan that is sponsored or maintained by a PEO under which an employee of PURO may be eligible to receive benefits in connection with PURO’s engagement of such PEO.
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PEO Benefit Plan means any Employee Benefit Plan that is sponsored or maintained by a PEO under which an employee of LED Supply may be eligible to receive benefits in connection with LED Supply’s engagement of such PEO.
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Related to PEO Benefit Plan

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

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

  • 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.

  • 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”.

  • 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.

  • Seller Benefit Plan means each Employee Benefit Plan that is sponsored or maintained or required to be sponsored or maintained at any time by any of the Sellers or an ERISA Affiliate or to which any of the Sellers or an ERISA Affiliate makes or has an obligation to make, contributions and which is provided to, for the benefit of or relates to any Business Employee or Independent Contractor.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

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

  • 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;

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • 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.

  • Defined Benefit Plan means each Benefit Plan which is subject to Part 3 of Title I of ERISA, Section 412 of the Code or Title IV of ERISA.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Employee Benefit Plan means any "employee benefit plan" as defined in Section 3(3) of ERISA which is or was maintained or contributed to by Company, any of its Subsidiaries or any of their respective ERISA Affiliates.

  • Employee Benefit Plans shall have the meaning set forth in Section 3.20(a).

  • Employee Plan means each "employee benefit plan," as such term is defined in Section 3(3) of ERISA, that (A)(i) is subject to any provision of ERISA and (ii) is maintained or contributed to by the Company, or (B)(i) is subject to any provision of Title IV of ERISA and (ii) is maintained or contributed to by any of the Company's ERISA Affiliates.