Purchaser Employee Plans definition

Purchaser Employee Plans has the meaning set forth in Section 5.1(r)(i).
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Purchaser Employee Plans has the meaning ascribed in Section 3.2(40)(a);
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Purchaser Employee Plans has the meaning specified in Section 5.19.
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Examples of Purchaser Employee Plans in a sentence

  • No promises or commitments have been made by the Purchaser or the Purchaser's Affiliates to amend materially or terminate any of Purchaser Employee Plans, to decrease materially the compensation or benefits thereunder or to establish new Purchaser's Employee Plans, except as required by Law, or as disclosed in the applicable plan document, summary plan description, written summary or other written document provided by the Purchaser to the Seller.

  • There has occurred no “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the IRC) with respect to Purchaser Employee Plans that is likely to result in the imposition of any penalties or Taxes upon Purchaser or any of its Subsidiaries under Section 502(i) of ERISA or Section 4975 of the IRC.

  • The beneficiaries under all Purchaser Employee Plans consist only of employees or former employees and directors or former directors of any of Purchaser and its Subsidiaries and their spouses, dependents or beneficiaries.

  • Purchaser will permit Transferred Employees to use up to five days vacation or paid time off (as applicable) in advance of the time when it is accrued under Purchaser Employee Plans, until such time as they accrue (or would have accrued, if not used in advance) sufficient vacation or paid time off (as applicable) under the Purchaser’s Employee Plans, such that they are able to take at least five days of vacation or paid time off.

  • Imaginative recount contains a fantasy story that the author retells through a fictional character built by himself.

  • Purchaser has complied, and currently is in compliance, both as to form and operation, in all material respects, with the applicable provisions of ERISA and each other Law or regulation imposed or administered by any Governmental Entity with respect to each of the Purchaser Employee Plans.

  • All Purchaser Employee Plans providing pension or retirement benefits or obligations to current or former employees or their spouses, dependents and beneficiaries are referred to collectively as "Purchaser Pension Plan" and identified in Section 5.19 of the Purchaser Disclosure Schedule.

  • Except with respect to any Employee whose benefits are specified by applicable Law, the Purchaser or the relevant Purchaser’s Affiliates shall use reasonable best efforts to cause each Transferred Employee (and their eligible dependents, as applicable) to be eligible as of the relevant Effective Hire Date to participate in and accrue benefits under the Purchaser Employee Plans, in each case under the terms of such Purchaser Employee Plans.

  • True and correct copies of each of the Purchaser Employee Plans have been delivered to the Seller, along with the most recent annual report for each Purchaser Employee Plan, any trust agreement relating to each Purchaser Employee Plan and the most recent summary plan description, actuarial report and determination letter for each Purchaser Employee Plan.

  • All of Purchaser Employee Plans comply in all material respects with all applicable requirements of ERISA, the IRC and other applicable laws.


More Definitions of Purchaser Employee Plans

Purchaser Employee Plans has the meaning set out in Section 8.5(f);
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Purchaser Employee Plans means each employee benefit plan, including, without limitation, any health, dental or other medical, vision, prescription drug, accidental death and dismemberment, critical illness, emergency travel, life, short term disability, long term disability, or other medical insurance (whether insured by contract or self-insured), mortgage insurance, employee loan, employee assistance, supplemental unemployment benefit, post-employment benefit, bonus, profit sharing, stock option, stock purchase, stock appreciation, incentive, performance, equity, equity-based, phantom, deferred compensation, severance, termination, pension, supplemental pension, retirement, savings, supplemental retirement, or other similar plan, program, practice, policy, agreement, arrangement or undertaking (whether written or unwritten, funded or unfunded, registered or unregistered, insured or self-insured) that is established, administered, funded, contributed to or required to be contributed to by the Purchaser or a Purchaser Subsidiary for the benefit of one or more current or former employees, directors or former directors of the Purchaser or a Purchaser Subsidiary, or their respective dependents or beneficiaries, or in respect of which the Purchaser or a Purchaser Subsidiary have any actual or potential liability, but, for the avoidance of doubt, shall not include the Canada Pension Plan, any health or drug plan established and administered by a province or territory of Canada and workers’ compensation insurance provided by federal, provincial or territorial Laws in Canada, or a comparable program established and administered outside Canada.
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Purchaser Employee Plans has the meaning ascribed to such term in Section 5.8(b).
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Purchaser Employee Plans means all benefit, bonus, incentive, pension, retirement, savings, stock purchase, profit sharing, stock option, stock appreciation, phantom stock, termination, change of control, life insurance, medical, health, welfare, hospital, dental, vision care, drug, sick leave, disability, and similar plans, programs, arrangements or practices relating to any current or former director, officer or employee of the Purchaser or any of its subsidiaries other than benefit plans established pursuant to statute;
Sample 1
Purchaser Employee Plans means and include: each management, consulting, non-compete, employment, severance or similar contract, plan, including, without limitation, all Purchaser Stock Plans, arrangement or policy applicable to any director, former director, employee or former employee of the Purchaser and each plan, program, policy, agreement or arrangement (written or oral), providing for compensation, bonuses, profit-sharing, stock option or other stock related rights or other forms of incentive or deferred compensation, vacation benefits, insurance coverage (including any self-insured arrangements), health or medical benefits, disability benefits, workers’ compensation, supplemental unemployment benefits, severance benefits and post-employment or retirement benefits (including compensation, pension, health, medical or life insurance benefits) or other employee benefits of any kind, whether funded or unfunded, which is maintained, administered or contributed to by the Purchaser and covers any employee or director or former employee or director of the Purchaser, or under which the Purchaser has any Liability contingent or otherwise (including but not limited to each material “employee benefit plan,” as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), but excluding any such plan that is a “multiemployer plan,” as defined in Section 3(37) of ERISA). Neither the Purchaser nor any of its Affiliates contributes to, or is required to contribute to, any “multiemployer plan” as defined in Section 3(37) of ERISA.
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Purchaser Employee Plans shall have the meaning set forth in Section 4.17 of this Agreement.
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Related to Purchaser Employee Plans

  • Seller Employee Plan means any plan, program, policy, practice, Contract 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, unwritten or otherwise, funded or unfunded, including each "employee benefit plan," within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • Company Plans shall have the meaning set forth in Section 3.14(a).

  • 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;

  • Purchaser Plans shall have the meaning set forth in Section 6.6(a)(v).

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

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

  • Seller Plans has the meaning set forth in Section 3.13(a).

  • Buyer Plans has the meaning set forth in Section 6.02(b).

  • Employee Plan means an employee benefit plan within the meaning of Section 3(3) of ERISA (other than a Multiemployer Plan), regardless of whether subject to ERISA, that any Loan Party or any of its ERISA Affiliates maintains, sponsors or contributes to or is obligated to contribute to.

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, 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 maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

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

  • 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 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”.

  • Seller Plan means any Employee Benefit Plan that is maintained or sponsored by the Seller or any Subsidiaries of the Seller (other than the Companies and their Subsidiaries) for the benefit of any current or former NewCo Employee.

  • Seller Employees shall have the meaning ascribed thereto in Section 7.4(a) hereof.

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

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • ERISA Plans shall have the meaning set forth in Section 3.13(a).

  • Company Plan means any Benefit Plan: (i) under which any current or former director, officer, employee, consultant or independent contractor of the Company has any present or future right to benefits and that is maintained, sponsored or contributed to by the Company; or (ii) with respect to which the Company has any Liability.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.