Common use of Compliance with Terms and Law Clause in Contracts

Compliance with Terms and Law. Each Employee Benefit Plan is and has heretofore been maintained and operated in material ​ ​ ​ ​ ​ compliance with the terms of such Employee Benefit Plan and with all requirements of law in effect from time to time applicable to such Employee Benefit Plan, including but not limited to ERISA and the Code. Each Employee Benefit Plan that is intended to qualify under Section 401(a) of the Code is identified in Schedule 4.18 and has been determined by the IRS to be so qualified in form (or an opinion letter has been issued to the prototype sponsor or volume submitter upon which the Company is entitled to rely), and, to the Knowledge of the Company, nothing has occurred as to any such Employee Benefit Plan that has resulted or is likely to result in the revocation of such determination as to such Employee Benefit Plan.

Appears in 1 contract

Samples: Stock Purchase Agreement (Monterey Capital Acquisition Corp)

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Compliance with Terms and Law. Each Employee Benefit Plan is and has heretofore been maintained and operated in material ​ ​ ​ ​ ​ compliance with the terms of such Employee Benefit Plan and with all requirements of law in effect from time to time applicable to such ​ ​ Employee Benefit Plan, including but not limited to ERISA and the Internal Revenue Code. Each Employee Benefit Plan that is intended to qualify under Section 401(a) of the Internal Revenue Code is identified in Schedule 4.18 and has been determined by the IRS to be so qualified in form (or an opinion letter has been issued to the prototype sponsor or volume submitter upon which the Company is entitled to rely), and, to the Knowledge of the CompanySeller, nothing has occurred as to any such Employee Benefit Plan that has resulted or is likely to result in the revocation of such determination as to such Employee Benefit Plan.

Appears in 1 contract

Samples: Stock Purchase Agreement (Monterey Capital Acquisition Corp)

Compliance with Terms and Law. Each Employee Benefit Plan is and has heretofore been maintained and operated in material ​ ​ ​ ​ ​ compliance with the terms of such Employee Benefit Plan and with all requirements of law in effect from time to time applicable to such Employee Benefit Plan, including but not limited to ERISA and the Code. Each Employee Benefit Plan that is intended to qualify under Section 401(a) of the Code is identified in Schedule 4.18 and has been determined by the IRS to be so qualified in form (or an opinion letter has been issued to the prototype sponsor or volume submitter upon which the Company is entitled to rely), and, to the Knowledge of the Company, nothing has occurred as to any such Employee Benefit Plan that has resulted or is likely to result in the revocation of such determination as to such Employee Benefit Plan.. ​

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Monterey Capital Acquisition Corp)

Compliance with Terms and Law. Each Employee Benefit Plan is and has heretofore been maintained and operated in material ​ ​ ​ ​ ​ compliance with the terms of such Employee Benefit Plan and with all requirements of law in effect from time to time applicable to such Employee Benefit Plan, including but not limited to ERISA and the Code. Each Employee Benefit Plan that is intended to ​ ​ ​ ​ qualify under Section 401(a) of the Code is identified in Schedule 4.18 and has been determined by the IRS to be so qualified in form (or an opinion letter has been issued to the prototype sponsor or volume submitter upon which the either Company is entitled to rely), and, to the Knowledge of the CompanyCompanies’ Knowledge, nothing has occurred as to any such Employee Benefit Plan that has resulted or is likely to result in the revocation of such determination as to such Employee Benefit Plan.. ​

Appears in 1 contract

Samples: Purchase Agreement (Monterey Capital Acquisition Corp)

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Compliance with Terms and Law. Each Employee Benefit Plan is and has heretofore been maintained and operated in material ​ ​ ​ ​ ​ compliance with the terms of such Employee Benefit Plan and with all requirements of law in effect from time to time applicable to such Employee Benefit Plan, including but not limited to ERISA and the Code. Each Employee Benefit Plan that is intended to qualify under Section 401(a) of the Code is identified in Schedule 4.18 and has been determined by the IRS to be so qualified in form (or an opinion letter has been issued to the prototype sponsor or volume submitter upon which the Company is entitled to rely), and, to the Knowledge of the CompanySellers, nothing has occurred as to any such Employee Benefit Plan that has resulted or is likely to result in the revocation of such determination as to such Employee Benefit Plan.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Monterey Capital Acquisition Corp)

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