Seller Employee Benefit Plans definition

Seller Employee Benefit Plans means any Employee Benefit Plan sponsored, maintained or contributed to, or required to be sponsored, maintained or contributed to by Seller, or with respect to which Seller has any actual or contingent liability.
Seller Employee Benefit Plans means Sellers’ pension, savings, profit sharing, retirement, bonus, incentive, health, dental, death, accident, disability, stock purchase, stock option, stock appreciation, stock bonus, other equity, executive or deferred compensation, hospitalization, severance, vacation, cafeteria, sick leave, fringe or welfare benefits, any employment or consulting Contracts, “employee benefit plans” (as defined in Section 3(3) of ERISA), employee manuals, and written policies, practices or understandings relating to employment as applicable to Transferred Employees whether or not collectively bargained.
Seller Employee Benefit Plans shall have the meaning set forth in Section 4.15(a).

Examples of Seller Employee Benefit Plans in a sentence

  • There is, and in the future will be, no liability to Buyer or any of its benefit plans with respect to the Seller Employee Benefit Plans.

  • Except as disclosed on Schedule 4.11.2, Seller has complied, and currently is in compliance, both as to form and operation, in all respects, with the terms of each Seller Employee Benefit Plan and all applicable provisions of each other Law or regulation imposed or administered by any Government Entity with respect to each of the Seller Employee Benefit Plans.

  • Schedule 4.11.1 contains a true and complete list of each Seller Employee Benefit Plans.

  • Employees’ and their dependents’ and beneficiaries’ active participation in and eligibility for benefits under the Seller Employee Benefit Plans (other than vested pension benefits) will cease at Closing.

  • Notwithstanding the preceding sentence, the Seller Employee Benefit Plans which are welfare plans as defined under ERISA will retain liability for all claims incurred by the U.S. Employees and their dependents and beneficiaries prior to the Closing Date, including claims which are not submitted until after the Closing Date.


More Definitions of Seller Employee Benefit Plans

Seller Employee Benefit Plans shall have the meaning set forth in Section 9.7.
Seller Employee Benefit Plans shall have the meaning set forth in Section 5.21(a) hereof;
Seller Employee Benefit Plans has the meaning set forth in Section 6.18.
Seller Employee Benefit Plans means any pension, savings, profit sharing, retirement, bonus, incentive, health, dental, vision, death, accident, disability, stock purchase, stock option, stock appreciation, stock bonus, executive, supplemental or deferred compensation, executive benefits, hospitalization, severance, early retirement, termination or retirement indemnity, long service payments, housing, company car, meal subsidies, vacation, sick leave, paid or unpaid time off, jubilee awards, fringe or welfare benefits, any employment or consulting Contracts, collective bargaining agreements, “employee benefit plans” (as defined in Section 3(3) of ERISA), employee manuals, and written or binding oral statements of policies, practices or understandings relating to employment, if any, sponsored or maintained or contributed to by any Seller or for which any Seller has any current or contingent Liability and listed on Schedule 4.10.2.
Seller Employee Benefit Plans means each of the Employee Benefit Plans which Seller, or any ERISA Affiliate, sponsors, maintains or contributes to, is required to contribute to, or has or could reasonably be expected to have any Liability of any nature with respect to, whether known or unknown, direct or indirect, fixed or contingent, for the benefit of present or former employees of Seller and/or its ERISA Affiliates.
Seller Employee Benefit Plans is defined in Section 5.20(a).