Example ContractsClausesEmployee Benefit Plans Generally
Employee Benefit Plans Generally
Employee Benefit Plans Generally contract clause examples
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The Data Room includes a a complete list of # all “employee benefit plans,” as defined in Section 3(3) of ERISA, # all other severance pay, salary continuation, bonus, incentive, stock option, retirement, pension, profit sharing or deferred compensation plans, contracts, programs, funds or arrangements of any kind and # all other employee benefit plans, contracts, programs, funds or arrangements (whether written or oral, qualified or nonqualified, funded or unfunded, foreign or domestic, currently effective or terminated), in respect of any present or former directors, managers, officers, employees, consultants or independent contractors of any Acquired Company that are sponsored or maintained by any Acquired Company or with respect to which any Acquired Company has made or is required to make payments, transfers or contributions (all of the above being individually or collectively referred to as an “Employee Plan” or “Employee Plans,” respectively), except for all such plans, contracts, programs, funds or arrangements that the Acquired Companies are required by Law to provide generally to directors, managers, officers, employees, agents, consultants or independent contractors. No Acquired Company has any liability with respect to any plan, arrangement or practice of the type described in the preceding sentence other than the Employee Plans.

Employee Benefit Plans. Executive will be eligible to participate on substantially the same basis as the Company’s other similarly situated employees in any other employee benefit plans offered by the Company to similarly situated senior managers, including, without limitation, the Company’s Supplemental Savings Plan (or any successor thereto), medical, dental, short-term and long-term disability, life, pension, profit sharing and nonqualified deferred compensation arrangements. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs and eligibility thereunder at any time, in its sole discretion, without recourse by Executive.

Employee Benefit Plans. There shall occur one or more ERISA Events that individually or in the aggregate result in or might reasonably be expected to result in liability of any Credit Party, any of their Subsidiaries or any of their respective ERISA Affiliates in excess of the Threshold Amount; or any Credit Party, any of their Subsidiaries or any of their respective Affiliates shall adopt or become obligated to contribute to any Pension Plan or Multiemployer Plan; or

Employee Benefit Plans. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. Company does not maintain or contribute to any Employee Benefit Plan.

Employee Benefit Plans. (i) There shall occur one or more ERISA Events which individually or in the aggregate results in or would reasonably be expected to result in a Material Adverse Effect during the term hereof or result in a Lien being imposed on the Collateral; or # Company shall establish or contribute to any Employee Benefit Plan; or

Employee Benefit Plans. The occurrence of one or more ERISA Events, which individually or in the aggregate result in liability of the Administrative Borrower or any of its Restricted Subsidiaries in an aggregate amount that would reasonably be expected to result in a Material Adverse Effect; or

Employee Benefit Plans. Executive will be eligible to participate on substantially the same basis as the Company’s other similarly situated employees in any employee benefit plans offered by the Company including, without limitation, the Company’s Supplemental Savings Plan (or any successor thereto), medical, dental, short-term and long-term disability, life, pension, profit sharing and nonqualified deferred compensation arrangements. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by Executive, so long as Company takes such action generally with respect to other similarly situated employees of the Company.

Employee Benefit Plans. The occurrence of one or more ERISA Events, which individually or in the aggregate result in liability of the Administrative Borrower or any of its Restricted Subsidiaries in an aggregate amount that would reasonably be expected to result in a Material Adverse Effect; or

Employee Benefit Plans. During the Employment Period, the Executive (and, if permitted by the terms of the plans, his family) shall be eligible to participate in all retirement, deferred compensation, profit sharing, medical, disability and other welfare plans (the “Employee Benefit Plans”) applicable to senior executive officers of the Company generally in accordance with the terms of such plans as in effect from time to time. The foregoing shall not be construed to limit the ability of the Company or any of its affiliates to amend, modify or terminate any such benefit plans, policies or programs at any time or from time to time; provided that at all times the Company shall continue to maintain, either by group or separate, individual plans for the benefit of the Executive (including, to the extent permitted, his family), with not less than the level of the benefits the Executive is receiving under the Employee Benefit Plans on the Effective Date.

Employee Benefit Plans. During the Scheduled Term, you will be entitled to participate in each of the Company’s employee benefit and welfare plans, including plans providing retirement benefits and medical, dental, hospitalization, life and disability insurance, on a basis that is at least as favorable as that provided to similarly situated executives of the Company, subject to the terms of applicable Company plans as in effect from time to time.

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