Xxxxx Employee Benefit Plan definition

Xxxxx Employee Benefit Plan has the meaning given to it in the Merger Agreement.
Sample 1Sample 2Sample 3
Xxxxx Employee Benefit Plan means any employee benefit plan, program, policy, practice, agreement, or other arrangement providing benefits to any current or former employee, consultant, officer or director of Xxxxx or any of its Subsidiaries or any beneficiary or dependent thereof that is entered into, sponsored or maintained by Xxxxx or any of its Subsidiaries or to which Xxxxx or any of its Subsidiaries contributes or is obligated to contribute, whether or not written, including any employee welfare benefit plan within the meaning of Section 3(1) of ERISA, any employee pension benefit plan within the meaning of Section 3(2) of ERISA (whether or not such plan is subject to ERISA) and any bonus, incentive, deferred compensation, vacation, insurance, stock purchase, stock option, equity award, equity-linked award, severance, employment, change of control or fringe benefit plan, program, policy, practice, agreement, or arrangement.
Sample 1Sample 2

Examples of Xxxxx Employee Benefit Plan in a sentence

  • Favorable determination letters have been received from the Internal Revenue Service with respect to each Xxxxx Employee Benefit Plan which is intended to comply with the provisions of Section 401(a) of the Internal Revenue Code, evidencing compliance with the relevant provisions of the Tax Equity and Fiscal Responsibility Act of 1982, the Tax Reform Act of 1984 and the Retirement Equity Act of 1984.

  • Additionally, amendments have been made to each such Xxxxx Employee Benefit Plan of the Tax Reform Act of 1986 and subsequent legislation and regulations as they are required.

  • Your spouse is eligible to enroll for coverage under this agreement if you have selected family coverage.

  • No such Xxxxx Employee Benefit Plan has incurred any accumulated funding deficiency (within the meaning of ERISA or the Code) and neither Xxxxx nor any of its Subsidiaries has any Liability or potential Liability on account of an accumulated funding deficiency with respect to any Xxxxx Employee Benefit Plan.

  • There has been no complete or partial termination of any Xxxxx Employee Benefit Plan.

  • There has been no transaction involving any Xxxxx Employee Benefit Plan which is a "prohibited transaction" under ERISA or the Code in connection with which any of Xxxxx and its Subsidiaries would be subject to Liability under ERISA or any Tax Liability imposed by the Code, or which would subject any Xxxxx Employee Benefit Plan or any of Xxxxx and its Subsidiaries to a penalty under ERISA, the Code or any other statute, law, ordinance, code, rule or regulation.

  • No suit, action, claim, proceeding, investigation or arbitration has been made or instituted or, to the Knowledge of Xxxxx, threatened, with respect to any Xxxxx Employee Benefit Plan or any assets thereof; except for routine claims for benefits made in accordance with the terms thereof.

  • Each Xxxxx Employee Benefit Plan complies in form and, to the knowledge of Xxxxx, operates in compliance in all material respects with the requirements of the Internal Revenue Code and meets the requirements of a "qualified plan" under Section 401(a) of the Internal Revenue Code.

  • In the case of each Xxxxx Employee Benefit Plan which is intended to be a qualified plan under Section 401(a) of the Code and exempt from income taxation under Section 501(a) of the Code, a determination has been received from the appropriate District Director of the Internal Revenue Service that such plan is qualified under Section 401(a) of the Code and the trust created thereunder is exempt from federal taxation under Section 501(a) of the Code.

  • With respect to each Xxxxx Employee Benefit Plan which is the subject to Title I of ERISA, PVS has not failed in any material respect to comply with any of the applicable reporting, disclosure or other requirements of ERISA and the Internal Revenue Code, and there has been no "prohibited transaction" as described in Section 4975 of the Internal Revenue Code or Section 406 of ERISA.

Related to Xxxxx Employee Benefit Plan

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Employee Benefit Plans shall have the meaning set forth in Section 3.20(a).

  • Foreign Employee Benefit Plan means any employee benefit plan as defined in Section 3(3) of ERISA which is maintained or contributed to for the benefit of the employees of the Company, any of its respective Subsidiaries or any members of its Controlled Group and is not covered by ERISA pursuant to ERISA Section 4(b)(4).

  • Employee Benefit Plan means any “employee benefit plan” as defined in Section 3(3) of ERISA which is or was sponsored, maintained or contributed to by, or required to be contributed by, Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

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

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • 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.

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

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • 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;

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Defined Benefit Plan means either a plan described in Section 3(35) of ERISA or a plan subject to the minimum funding standards set forth in Section 302 of ERISA and Section 412 of the Code.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Company Plan means any Benefit Plan: (i) under which any current or former director, officer, employee, consultant or independent contractor of the Company has any present or future right to benefits and that is maintained, sponsored or contributed to by the Company; or (ii) with respect to which the Company has any Liability.

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

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).