Target Benefit Plans definition

Target Benefit Plans shall have the meaning set forth in Section 5.14 of this Agreement.

Target Benefit Plans shall have the meaning set forth in Section 4.13(a).

Target Benefit Plans has the meaning set forth in Section 3.22(a).

Examples of Target Benefit Plans in a sentence

• The definition of Compensation (for Employers who adopt) under standardized plans, plans that provide permitted disparity (other than the CODA portion of these plans), Target Benefit Plans and for Employers determining top-heavy minimum contributions must be one of the three safe harbor definitions of Compensation.

• For purposes of this definition of years of Projected Participation, if this Plan is a Prior Safe Harbor Plan, the Plan is deemed to satisfy the safe harbor for Target Benefit Plans in Regulations Section 1.401(a)(4)-8(b)(3) and a Participant is treated as benefiting under the Plan in any Plan Year beginning prior to January 1, 1994.

• The definition of Compensation for Employers who adopt a plan established under a Standardized Adoption Agreement, plans that provide permitted disparity (other than the CODA portion of these plans), Target Benefit Plans, and for Employers determining top-heavy minimum contributions, must be one of the three safe harbor definitions of Compensation.

• True and complete copies of all Target Benefit Plans listed in Section 4.08(i) of the Disclosure Schedule, including any trust instruments, insurance contracts, actuarial reports and, with respect to any employee stock ownership plan, loan agreements forming a part of any Target Benefit Plan, and all amendments thereto have been provided or made available to the Buyer.

• Until such time as Buyer shall cause the Covered Employees to participate in the applicable Buyer Employee Benefit Plans, the continued participation of the Covered Employees in the Target Benefit Plans shall be deemed to satisfy the foregoing provisions of this clause (it being understood that participation in Buyer’s Employee Benefit Plans may commence at different times with respect to each of Buyer’s Employee Benefit Plans).

More Definitions of Target Benefit Plans

Target Benefit Plans has the meaning set forth in Section 8.18(a) of the Agreement.

Target Benefit Plans means each written or oral employee benefit plan, scheme, program, policy, arrangement and contract (including, but not limited to, any “employee benefit plan”, as defined in Section 3(3) of ERISA, whether or not subject to ERISA, and any bonus, deferred compensation, stock bonus, stock purchase, restricted stock, stock option or other equity-based arrangement, and any employment, termination, retention, bonus, change in control or severance plan, program, policy, arrangement or contract) for the benefit of any current or former officer, employee or director of Target or any of its Subsidiaries that is maintained or contributed to by Target, any of its Subsidiaries, or with respect to which any of them could incur liability under the Code or ERISA or any similar non-U.S. law, but shall exclude Multiemployer Plans.

Target Benefit Plans means, collectively, the Employee Benefit Plans, the Employee Pension Benefit Plans and the Employee Welfare Benefit Plans sponsored and maintained by Target and its Subsidiaries and that will be retained by Target and its Subsidiaries as of the Closing Date.

Target Benefit Plans has the meaning given to that term in Section 2.10(a) of this Agreement.

Target Benefit Plans means any Benefit Plan (i) to which Target or any of its Subsidiaries is a party, (ii) sponsored, maintained or contributed to, or required to be maintained or contributed to by Target or any of its Subsidiaries or (iii) with respect to which Target or any of its Subsidiaries has or could reasonably be expected to have any obligation or liability; for the avoidance of doubt, any Benefit Plan sponsored or maintained by Paychex, pursuant to the Paychex Agreement, in which any current or former employee of the Target Group or such employee’s dependents or beneficiaries participates (such a Benefit Plan, a “Paychex Plan”) shall be a Target Benefit Plan;

Target Benefit Plans means any Employee Benefits Arrangement that is sponsored or maintained directly by a member of the Target Group for Target Employees or Former Employees;

Target Benefit Plans means any compensation, bonus, pension, profit sharing, deferred compensation, incentive compensation, stock ownership, stock purchase, stock option or other stock related rights, fringe benefit, retirement, vacation, disability, death benefit, supplemental unemployment benefits, hospitalization, medical, dental, life, severance, post-employment benefits or other plan, agreement, arrangement, policies or understanding, or employment severance, retention, consulting, change of control or similar agreement, whether formal or informal, oral or written, providing benefits to any current or former employee, officer, director or shareholder of Target or any of its Subsidiaries or to which Target or any of its Subsidiaries contributes or is or was obligated to contribute, which will include each "employee benefit plan" (within the meaning of Section 3(3) of ERISA or its Canadian equivalent), whether or not subject to ERISA, but shall not include any Multiemployer Plan).