Social Security Funds definition

Social Security Funds means the National Social Security Institute and the national social security funds, the National Health Insurance Fund and all other legal persons and funds within the sub-sector of social security funds according to the requirements set out in the European system of national and regional accounts in the Community.

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Social Security Funds means all employee social welfare and benefit funds, including housing accumulation funds, required to be contributed by the PRC Subsidiaries under applicable PRC Laws.

Social Security Funds means, collectively, pension insurance fund, medical insurance fund, unemployment insurance fund, work-related injury insurance fund and maternity insurance fund.

Examples of Social Security Funds in a sentence

• The PRC Subsidiaries shall, and each of the Warrantors shall cause each employee to, carry out, perform, and complete all actions and steps with respect to the contributions to the Social Security Funds in compliance with the PRC Laws.

• The Warrantors agree that they shall jointly and severally indemnify and hold harmless the Group Companies and the Investor against any losses, claims, damages, or Liabilities to which they may become exposed under the PRC Laws, insofar as such losses, claims, damages, or Liabilities (or actions in respect thereof) arise out of or are based upon any breach or violation of the PRC Laws with respect to the contribution of the Social Security Funds.

• It is further understood that the payment by the Global Coordinators to the Company as described in Section 5(b), (c), (e) and (f) shall satisfy all of the payment obligations of the Underwriters in respect of Shares (delivered in the form of Shares) purchased from the Selling Shareholders, and that the Underwriters shall have no obligations under the Regulation of Interim Measures on Sale of State Shares for Social Security Funds or hereunder.

• It is understood that the Company, on behalf of the Selling Shareholders, undertakes to transfer the proceeds from the sale of the Shares of the Selling Shareholders (delivered in the form of Shares) directly to the MOF to satisfy the requirements of the Regulation of the Interim Measures on the Sale of State Shares for Social Security Funds.

More Definitions of Social Security Funds

Social Security Funds means pension funds, housing funds, unemployment insurance, medical insurance and any other social security funds as provided by the PRC authorities from time to time to which an employer in the PRC is obliged to make contributions for its employees. “Subsidiary” means, with respect to any given Person, any other Person (other than a natural Person) Controlled by such given Person, including but not limited to the WFOEs).

Social Security Funds means pension funds, housing funds, unemployment insurance, medical insurance, work injuries insurance, procreation insurance and any other social security funds as provided by PRC authorities from time to time to which an employer in PRC is obliged to make contributions for its employees;