Seller Benefit Plans definition

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

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

Seller Benefit Plans shall have the meaning ascribed thereto in Section 5.13(a) hereof.

Examples of Seller Benefit Plans in a sentence

• Any of the Seller Benefit Plans which is an “employee pension benefit plan,” as that term is defined in ERISA Section 3(2), is referred to herein as a “Seller ERISA Plan.” Each Seller ERISA Plan which is also a “defined benefit plan” (as defined in Code Section 414(j)) is referred to herein as a “Seller Pension Plan,” and is identified as such in Section 4.15 of the Seller Disclosure Memorandum.

• To Seller’s Knowledge, there are no unresolved claims or disputes under the terms of, or in connection with, the Seller Benefit Plans other than claims for benefits which are payable in the ordinary course of business and no action, proceeding, prosecution, inquiry, hearing, or investigation has been commenced with respect to any Seller Benefit Plan.

• To the extent applicable, the Seller Benefit Plans comply, in all material respects, with the requirements of ERISA and the Code.

• Nothing contained in any of the Seller Benefit Plans will obligate Buyer to provide any benefits to employees, former employees or beneficiaries of employees or former employees, or to make any contributions to any plans from and after the Closing.

• All contributions required to be made to the Seller Benefit Plans have been made or provided for.

More Definitions of Seller Benefit Plans

Seller Benefit Plans shall have the meaning as set forth in Section 4.15(a) of the Agreement.

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

Seller Benefit Plans shall have the meaning ascribed thereto in Section 4.11(a) hereof.

Seller Benefit Plans has the meaning set forth in Section 3.11 of this Agreement.

Seller Benefit Plans means the plans, programs, arrangements and agreements set forth on Schedule 4.17(a) that are identified on such Schedule as a Seller Benefit Plan.

Seller Benefit Plans all (i) material employee welfare benefit plans or employee pension benefit plans as defined in sections 3(1) and 3(2) of ERISA, including plans that provide retirement income or result in deferrals of income by employees for periods extending to their terminations of employment or beyond, and plans that provides medical, surgical or hospital care benefits or benefits in the event of sickness, accident, disability, death or unemployment and (ii) other material employee benefit agreements or arrangements that are not ERISA plans, including any deferred compensation plans, incentive plans, bonus plans or arrangements, stock option plans, stock purchase plans, stock award plans, golden parachute agreements, severance pay plans, dependent care plans, cafeteria plans, employee assistance programs, scholarship programs, retention incentive agreements, noncompetition agreements, vacation policies and, or other similar plans, agreement or arrangements that (a) are maintained by any Seller or any of its Related Persons for the benefit of Affected Employees, (b) have been approved by any Seller or any of its Related Persons but are not yet effective for the benefit of Affected Employees or their beneficiaries, or (c) were previously maintained by any Seller or any of its Related Persons for the benefit of the Affected Employees or their beneficiaries and with respect to which Seller or any of its Related Persons may have any liability, contingent or otherwise. However, Seller Benefit Plans shall not include any agreements between the Seller and any Affected Employees pursuant to which the Seller has agreed to pay Affected Employees additional compensation in consideration of their services rendered in connection with the sale of the Assets.

Seller Benefit Plans is defined in Section 5.13(a).