Subsidiary Plan definition
Examples of Subsidiary Plan in a sentence
This Section 6.6(h) shall not limit Purchaser’s obligations with respect to a Conveyed Subsidiary Plan or any other arrangement that provides for similar benefits as required by applicable Law, which shall be considered Purchaser Assumed Employee Liabilities, in accordance with Section 6.6(a)(i).
No Subsidiary Plan or Parent Plan provides Business Employees benefits or coverage in the nature of post-employment health, medical or life insurance benefits except as required under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or other applicable Law.
Each Conveyed Subsidiary Plan has been established, maintained, funded and administered in compliance in all material respects its terms and applicable Law.
Each Parent Plan and Subsidiary Plan that is intended to be qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS or is maintained pursuant to a prototype, volume-submitted, or other pre-approved plan and is entitled to rely on a favorable opinion or advisory letter issued by the IRS.
No event has occurred since the date of the most recent determination, opinion, or advisory letter that could reasonably be expected to adversely affect the qualification of such Parent Plan or Subsidiary Plan.