Seller Benefit Arrangement definition

Seller Benefit Arrangement means any Benefit Arrangement sponsored or maintained by any Seller Party or with respect to which any Seller Party has or may have any current or future Liability (whether actual, contingent, with respect to any of its assets or otherwise), in each case with respect to any present or former directors, managers, employees, officers, agents or service providers of any Seller Party.

Seller Benefit Arrangement shall have the meaning given such term in Section 4.18.

Seller Benefit Arrangement means any Benefit Arrangement sponsored or maintained by Seller or with respect to which Seller has or may have any current or future Liability (whether actual, contingent, with respect to any of its assets or otherwise), in each case with respect to any present or former directors, managers, employees, officers, agents or service providers of the Business.

Examples of Seller Benefit Arrangement in a sentence

• Seller has no formal plan or commitment, whether legally binding or not, to create any additional Benefit Arrangement, or to modify or change any existing Seller Benefit Arrangement.

• Copies or descriptions of each Seller ERISA Plan and Seller Benefit Arrangement in which current employees of the EMG Business participate have been made available to Buyer for review prior to the date hereof.

• Rather, EPA has greater flexibility under section 231 in determining what standard is most reasonable for aircraft engines, and is not required to achieve a “technology forcing” result.18This interpretation was upheld as reasonable in NACAA v.

• Except as expressly required pursuant to the terms of this Agreement, the Seller Group does not intend to, nor has committed to, establish or enter into any new Seller Benefit Arrangement, or to modify or terminate any Seller Benefit Arrangement that, in either case, relates to In-Scope Employees (except to conform any such Seller Benefit Arrangement to the requirements of any Law, in each case as previously disclosed to Purchaser in writing or as required by this Agreement).

• Except as set forth in Schedule 3.17(s) of the Seller Disclosure Letter, no Seller Benefit Arrangement or Contract provides compensation or benefits to any In-Scope Employee who resides or performs services primarily inside the United States or any country outside of New Zealand.

More Definitions of Seller Benefit Arrangement

Seller Benefit Arrangement means each Benefit Arrangement that is maintained, sponsored, or contributed to (or with respect to which any obligation to contribute has been undertaken) by either Seller or any of its ERISA Affiliates on behalf of any Specified Employees or under which either Seller or any of its ERISA Affiliates has any Liability in respect of any Specified Employee.

Seller Benefit Arrangement means any employment, consulting, severance or other similar contract, arrangement or policy and each plan, arrangement (written or oral), program, agreement or commitment providing for insurance coverage (including any self-insured arrangements), workers’ compensation, disability benefits, supplemental unemployment benefits, vacation benefits, retirement benefits, fringe benefits, change in control benefits, life, health, dental, disability or accident benefits (including, without limitation, any “voluntary employees’ beneficiary association” as defined in Section 501(c)(9) of the Code providing for the same or other benefits) or for deferred compensation, profit-sharing bonuses, stock options, stock appreciation rights, stock purchases or other forms of equity or incentive compensation or post-retirement insurance, compensation or benefits which (a) is not a Seller Employee Benefit Plan, (b) is entered into, maintained, contributed to or required to be contributed to, as the case may be, by any Seller Party (but only with respect to the Employees or former employees or directors or former directors at the Facilities) or any of their ERISA Affiliates, and (c) covers any Employees, former employees, directors or former directors of any Seller Party (but only with respect to the Employees or former employees or directors or former directors at the Facilities) or any of their ERISA Affiliates.

Seller Benefit Arrangement is defined in Section 4.17(q).

Seller Benefit Arrangement means any Benefit Arrangement covering any employees, former employees, directors or former directors of either Seller or the ERISA Affiliates of either of them, and the beneficiaries of any of them, other than any Cable Benefit Arrangement.

Seller Benefit Arrangement is defined as any Benefit Arrangement sponsored or maintained by the Company or with respect to which the Company or any ERISA Affiliate has or may have any Liability as of the Closing Date, in each case with respect to any employee of the Company.

Seller Benefit Arrangement is defined in Section A.19(a)(ii) of Appendix A hereto.

Seller Benefit Arrangement means any Benefit Arrangement Sellers sponsor or maintain with respect to which Sellers have or may have any current or future liability (whether actual, contingent, with respect to any of its assets or otherwise). "Business Benefit Arrangement" means any Seller Benefit Arrangement with respect to any present or former directors, employees, or agents of Sellers with respect to the Business. "Benefit Arrangement" means any benefit arrangement, obligation, custom, or practice, whether or not legally enforceable, to provide benefits (other than simply as salary and other than Plans), as compensation for services rendered, to present or former directors, employees, agents, or independent contractors, including, without limitation, employment agreements, severance agreements, executive compensation arrangements, incentive programs or arrangements, sick leave, vacation pay, severance pay policies, plant closing benefits, salary continuation for disability, consulting, or other compensation arrangements, workers' compensation, retirement, deferred compensation, bonus, stock option or purchase, hospitalization, medical insurance, life insurance, tuition reimbursement or scholarship programs, employee discount programs, meals, travel, or vehicle allowances, any plans subject to Section 125 of the Code, and any plans providing benefits or payments in the event of a change of control, change in ownership or effective control, or sale of a substantial portion (including all or substantially all) of the assets of any business or portion thereof, in each case with respect to any present or former employees, directors, or agents.