Target Employee Plan definition

Target Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each "employee benefit plan," within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by any Target Company or its Affiliates for the benefit of any Target Employee, or with respect to which any Target Company or its Affiliates has or may have any liability or obligation, except such definition shall not include any Target Employee Agreement.

Target Employee Plan means any Employee Plan under which (i) any current or former director, officer, consultant or employee of Target or any of its Subsidiaries (or any of their beneficiaries or dependants) has any present or future right to benefits and which is contributed to, entered into, sponsored by or maintained by Target, any of its Subsidiaries or any of their ERISA Affiliates or (ii) Target or any of its Subsidiaries has or reasonably would be expected to have any present or future statutory, contractual or other liability.

Target Employee Plan means each plan, program, policy, contract, agreement or other arrangement providing for employment, compensation, 401(k), retirement, deferred compensation, loans, relocation, performance awards, bonus, incentive, stock option, stock purchase, stock bonus, phantom stock, stock appreciation right, supplemental retirement, fringe benefits, short and long term disability, medical, dental, welfare, cafeteria benefits or other benefits, whether written or unwritten, including each “employee benefit plan” within the meaning of Section 3(3) of ERISA, in each case, which is or has previously been sponsored, maintained, contributed to, or required to be contributed to by Target or any of its Subsidiaries. The term Target Employee Plan shall not include any previously terminated plan with respect to which no Liabilities exist or could potentially exist.

Examples of Target Employee Plan in a sentence

• Target has also furnished Acquiror with the most recent Internal Revenue Service determination letter issued with respect to each such Target Employee Plan, and nothing has occurred since the issuance of each such letter which could reasonably be expected to cause the loss of the tax-qualified status of any Target Employee Plan subject to Code Section 401(a).

• The Contractor shall provide to SFO sufficient documentation, including resumes and proof of experience, to demonstrate that the proposed staff meet the minimum qualifications.

• Target has also furnished Acquiror with the most recent Internal Revenue Service determination or opinion letter issued with respect to each such Target Employee Plan, and nothing has occurred since the issuance of each such letter which could reasonably be expected to cause the loss of the tax-qualified status of any Target Employee Plan subject to Code Section 401(a).

• Target has also furnished Acquiror with all registration statements and prospectuses prepared in connection with each Target Employee Plan.

• No suit, administrative proceeding, action or other litigation has been brought, or to the knowledge of Target is threatened, against or with respect to any such Target Employee Plan, including any audit or inquiry by the IRS or United States Department of Labor.

More Definitions of Target Employee Plan

Target Employee Plan has the meaning given in clause 11.2(q).

Target Employee Plan means any bonus, incentive compensation, deferred compensation, pension, profit sharing, retirement, stock purchase, stock option, stock ownership, stock appreciation rights, phantom stock, leave of absence, layoff, vacation, day or dependent care, legal services, cafeteria, life, health, accident, disability, workmen's compensation or other insurance, severance, separation or other employee benefit plan, practice, policy or arrangement of any kind, whether written or oral, funded or unfunded, including, but not limited to, any "employee benefit plan" within the meaning of Section 3(3) of ERISA established by Target or any predecessor or ERISA Affiliate of any of the foregoing which Target maintains, or to which Target contributes or has contributed or under which any employee, officer, former employee or director of Target or any beneficiary thereof is covered, is eligible for coverage or has benefit rights.

Target Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each “employee benefit plan,” within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by Target, any of its Subsidiaries, or any Target ERISA Affiliate for the benefit of any Employee, or with respect to which the Target, any of its Subsidiaries, or any Target ERISA Affiliate has or may have any liability or obligation, including all International Employee Plans;

Target Employee Plan means any plan, program, policy, Contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, bonuses, stock options, stock appreciation or other stock or stock-related awards, fringe benefits, health, life, vision or dental insurance coverage (including, without limitation, any self-insured arrangements), relocation, repatriation, expatriation, workers’ compensation, disability benefits, supplemental unemployment benefits, vacation benefits or retirement benefits, profit sharing or other forms of incentive compensation, or post-retirement insurance, compensation or benefits, or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including without limitation, each “employee benefit plan,” within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan) which is or has been maintained, contributed to, or required to be contributed to, by Target or any Target Affiliate for the benefit of a Target Employee, or with respect to which Target has or may have any Liability or obligation.

Target Employee Plan has an accumulated or waived funding deficiency within the meaning of Section 412 of the Code; all contributions required to be made by Target or any Target Subsidiary to any Target Employee Plan have been made by the due date; neither Target nor any ERISA Affiliate has incurred, directly or indirectly, any liability to or on account of a Target Employee Plan pursuant to Title IV of ERISA (other than for premiums not yet due to the Pension Benefit Guaranty Corporation); to the knowledge of Target no proceedings have been instituted to terminate any Target Employee Plan that is subject to Title IV of ERISA; no "reportable event," as such term is defined in Section 4043(c) of ERISA, has occurred with respect to any Target Employee Plan (other than a reportable event with respect to which the thirty day notice period has been waived); and no condition exists that presents a risk to Target of incurring a liability to or on account of a Target Employee Plan pursuant to Title IV of ERISA; no Target Employee Plan is a multiemployer plan (within the meaning of Section 4001(a)(3) of ERISA) and no Target Employee Plan is a multiple employer plan (as defined in Section 413 of the Code); except as required by Section 4980B of the Code or Part 6 of Title I of ERISA, no Target Employee Plan provides post-retirement welfare benefits and there are no pending, or to the knowledge of Target, threatened or anticipated claims (other than routine claims for benefits) by, on behalf of or against any of the Target Employee Plans or any trusts related thereto or against Target, any Target Subsidiary or any individual or entity for which the Target Employee Plans, Target or any Target Subsidiary may have liability; all employee benefit plans that are subject to the laws of any jurisdiction outside the United States are in compliance with such applicable laws and the requirements of any trust deed or other document under which they are established or maintained.

Target Employee Plan has the meaning set forth in the Section 3.19(a).

Target Employee Plan means each plan, program, policy, contract, agreement or other arrangement providing for employment, compensation, retirement, deferred compensation, loans, relocation, performance awards, bonus, incentive, stock option, share purchase, share bonus, phantom stock, stock appreciation right, pension, supplemental retirement, fringe benefits, short and long term disability, medical, dental, welfare, cafeteria benefits or other benefits, whether written or unwritten, which is or has previously been sponsored, maintained, contributed to, or required to be contributed to by Target.