Transferred Entity Plan definition

Transferred Entity Plan means any Employee Plan (i) sponsored and maintained exclusively by a Transferred Entity or (ii) that provides compensation or benefits solely for one or more Transferred Employees; provided, however, that Transferred Entity Plans shall not include any equity award agreement between IAC or any of its Subsidiaries, on the one hand, and any Transferred Employee, on the other hand.
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Transferred Entity Plan means each Employee Plan that a Business Entity sponsors, maintains or contributes to, or is required to maintain or contribute to, for the benefit of any current or former Business Employee.
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Transferred Entity Plan means each Company Plan that is sponsored or maintained solely by a Transferred Entity.
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Examples of Transferred Entity Plan in a sentence

  • Except as disclosed in writing to the Buyers prior to the date hereof, there has been no amendment to, written interpretation of or announcement relating to, or change in employee participation or coverage under, any Transferred Entity Plan that would increase materially the expense of maintaining such Transferred Entity Plan above the level of expense incurred in respect thereof for the fiscal year ended prior to the date hereof.

  • Any investment vehicles used to fund any Transferred Entity Plan may be changed at any time upon reasonable advance notice without incurring a material sales charge, surrender fee or other similar expense that would be payable in whole or in part by any Business Entity.

  • Schedule 3.13(a)(ii) lists each Transferred Entity Plan that is a “defined benefit plan” as defined in Section 3(35) of ERISA, including any defined benefit plan that has been terminated in the last five (5) years.

  • Each such Transferred Entity Plan and Parent Plan has received a favorable determination letter, or has pending or is within the remedial amendment period in which to file, an application for such determination from the IRS.

  • Sellers have furnished to the Buyer copies of the most recent Internal Revenue Service determination or opinion letters with respect to each such plan, and no action or event has occurred since the date of the most recent determination or opinion letter relating to any such Transferred Entity Plan or Parent Plan that would reasonably be expected to adversely affect the tax-qualified status of any such plan or related trust.

  • Other than routine claims for benefits, there are no material proceedings or claims pending or, to the knowledge of Sellers, threatened with respect to any Transferred Entity Plan.

  • No event has occurred, and there exists no condition or set of circumstances in connection with the Business, that could subject any Transferred Entity Plan to any Liability under ERISA, the Code or any other applicable Law.

  • The provider is required to maintain proof of these checks on file and make this information available to LifeWays upon request.

  • All filings and reports as to each Transferred Entity Plan required to have been submitted to the IRS or the United States Department of Labor (or comparable non-U.S. Governmental Authorities) have been timely submitted.

  • No Transferred Entity Plan or Parent Plan is a “multiple employer plan” or other plan or arrangement or administrative scheme covering more than one employer as defined in Section 413(c) of the Code.

Related to Transferred Entity Plan

  • Transferred Entities means the entities set forth on Schedule 1.5.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Parent Plans has the meaning set forth in Section 6.4(c).

  • Seller 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 the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Parent Plan means an Employee Benefit Plan sponsored, maintained, or contributed to by Parent or its Affiliates or with respect to which Parent or its Affiliates have any liability.

  • Transferring Employees means employees of the Incumbent Contractor who are wholly or mainly assigned to work in the provision of the Service and who are subject of a Relevant Transfer to the Contractor by virtue of the application of the TUPE Regulations.

  • Company 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 the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • SpinCo Employee has the meaning set forth in the Employee Matters Agreement.

  • Management Company Employee means an individual employed by a Person providing management services to the Company which are required for the ongoing successful operation of the business enterprise of the Company, but excluding a Person engaged in Investor Relations Activities;

  • Business Employee means any individual employed by Seller in or in connection with the Business.

  • Seller Plan means any Employee Benefit Plan that is maintained or sponsored by the Seller or any Subsidiaries of the Seller (other than the Companies and their Subsidiaries) for the benefit of any current or former NewCo Employee.

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • SpinCo Group means (a) prior to the Effective Time, SpinCo and each Person that will be a Subsidiary of SpinCo as of immediately after the Effective Time, including the Transferred Entities, even if, prior to the Effective Time, such Person is not a Subsidiary of SpinCo; and (b) on and after the Effective Time, SpinCo and each Person that is a Subsidiary of SpinCo.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Group Business Entity means;

  • Business Employees has the meaning set forth in Section 4.10(a).

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, 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 maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

  • Acquired Company means any business, corporation or other entity acquired by the Company or any Subsidiary.