Common use of Administrative Compliance Clause in Contracts

Administrative Compliance. Each Plan is now and has been operated in all [ILLEGIBLE] 1 respects in accordance with the requirements of all applicable Laws, including, [ILLEGIBLE] limitation, ERISA, the Health Insurance Portability and Accountability Act of 1996 [ILLEGIBLE] Code, and the regulations and authorities published thereunder. The Company has [ILLEGIBLE] ed all material obligations required to be performed by it under, is not in any respect [ILLEGIBLE] At under or in violation of, and neither the Company nor the Stockholders have [ILLEGIBLE] dge of any default or violation by any Person to, any Plan. Except as set forth on [ILLEGIBLE] le 3.10, no legal action, suit, audit, investigation or claim is pending or, to the [ILLEGIBLE] dge of the Company and the Stockholders threatened with respect to any Plan (other [ILLEGIBLE] urns for benefits in the ordinary course), and no fact, event or condition exists that [ILLEGIBLE] be reasonably likely to provide a legal basis for any such action, suit, audit, [ILLEGIBLE] ation or claim. All reports, disclosures, notices and filings with respect to such Plans [ILLEGIBLE] d to be made to employees, participants, beneficiaries, alternate payees and any [ILLEGIBLE] mental or Regulatory Authority have been timely made or an extension has been obtained.

Appears in 2 contracts

Sources: Merger Agreement (Agency Com LTD), Merger Agreement (Agency Com LTD)