Definition of Benefit Plans Sample Clauses

Definition of Benefit Plans. For purposes of this Section 3.15, the term "Benefit Plan" means any plan, program, arrangement, practice or contract which provides benefits or compensation to or on behalf of employees or former employees of the Company or any "ERISA Affiliate" (as hereinafter defined), whether formal or informal, whether or not written, including but not limited to the following:
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Definition of Benefit Plans. For purposes of this Section 3.14, the term "AmeriDyne Benefit Plan" means any plan, program, arrangement, fund, policy, practice or contract which, through which or under which AmeriDyne or a AmeriDyne ERISA Affiliate (as hereinafter defined) provides benefits or compensation to or on behalf of employees or former employees of AmeriDyne or a AmeriDyne ERISA Affiliate, whether formal or informal, whether or not written, including but not limited to the following:
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Definition of Benefit Plans. For purposes of this Section 4.15, the term "IFM Benefit Plan" means any plan, program, arrangement, fund, policy, practice or contract which, through which or under which IFM or any IFM ERISA Affiliate (as hereinafter defined) provides benefits or compensation to or on behalf of employees or former employees of IFM or any IFM ERISA Affiliate, whether formal or informal, whether or not written, including but not limited to the following:
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Definition of Benefit Plans. For purposes of this Section 3.13, the term "Stepxx Xxxefit Plan" means any plan, program, arrangement, fund, policy, practice or contract which, through which or under which Stepxx xx any Stepxx XXXSA Affiliate (as hereinafter defined) provides benefits or compensation to or on behalf of employees or former employees of Stepxx xx any Stepxx XXXSA Affiliate, whether formal or informal, whether or not written, including but not limited to the following:
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Definition of Benefit Plans. For purposes of this Section 3.13, the term "Premenos Benefit Plan" means any plan, program, arrangement, fund, policy, practice or contract which, through which or under which Premenos or any Premenos ERISA Affiliate provides or has an obligation to provide benefits or compensation to or on behalf of employees or former employees of Premenos or any Premenos ERISA Affiliate, whether formal or informal, whether or not written, including but not limited to the following: (i) Arrangements -- any bonus, incentive compensation, stock option, deferred compensation, commission, severance pay, golden parachute or other compensation plan or rabbi trust; (ii) ERISA Plans -- any "employee benefit plan" (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA")), including, but not limited to, any multiemployer plan (as defined in Section 3(37) and Section 4001(a) (3) of ERISA), defined benefit plan, profit sharing plan, money purchase pension plan, 401(k) plan, savings or thrift plan, or any plan, fund, program, arrangement or practice providing for medical (including post-retirement medical), hospitalization, accident, sickness, disability, or life insurance benefits; and (iii) Other Employee Fringe Benefits -- any stock purchase, vacation, scholarship, sick days, day care, prepaid legal services, dependent care or other fringe benefits plans, programs, arrangements, contracts or practices. A-17 18 (b) Premenos ERISA Affiliate. For purposes of this Section 3.13, the term "Premenos ERISA Affiliate" means each trade or business (whether or not incorporated) which together with Premenos is treated as a single employer under Section 414(b), (c), (m) or (o) of the Code. (c)
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Definition of Benefit Plans. For purposes of this Section 3.13, the term "CIS Benefit Plan" means any plan, program, arrangement, fund, policy, practice or contract which, through which or under which CIS or a CIS ERISA Affiliate (as hereinafter defined) provides benefits or compensation to or on behalf of employees or former employees of CIS or a CIS ERISA Affiliate (as hereinafter defined), whether formal or informal, whether or not written, including but not limited to the following:
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Definition of Benefit Plans. For purposes of this (S) 3(w), the term "Company Benefit Plan" means any plan, program, arrangement, fund, policy, practice or contract which, through which or under which the Company or any Company ERISA Affiliate (as hereinafter defined) provides benefits or compensation to or on behalf of employees or former employees or directors or former directors of the Company or any Company ERISA Affiliate, whether formal or informal, whether or not written, including but not limited to the following:
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Definition of Benefit Plans. For purposes of this Section 3.14, the term "Supply Tech Benefit Plan" means any plan, program, arrangement, fund, policy, practice or contract which, through which or under which Supply Tech or any Supply Tech ERISA Affiliate provides benefits or compensation to or on behalf of employees or former employees of Supply Tech or any Supply Tech ERISA Affiliate, whether formal or informal, whether or not written, including but not limited to the following:
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Definition of Benefit Plans. For purposes of this --------------------------- Section 2.12, the term "Benefit Plan" means any plan, program, arrangement, fund, policy, practice or contract which, through which or under which Lichtin Properties provides benefits or compensation to or on behalf of employees or former employees of Lichtin Properties, whether formal or informal, and whether written or not written.
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Related to Definition of Benefit Plans

  • Termination of Benefit Plans Effective as of the day immediately preceding the Closing Date, the Company shall terminate all Company Employee Plans that are “employee benefit plans” subject to ERISA including any Company Employee Plans intended to include a Code Section 401(k) arrangement (unless Buyer provides written notice to the Company no later than three Business Days prior to the Closing Date that such 401(k) plans shall not be terminated). Unless Buyer provides such written notice to the Company, no later than three Business Days prior to the Closing Date, the Company shall provide Buyer with evidence that such Company Employee Plan(s) have been terminated (effective no later than the day immediately preceding the Closing Date) pursuant to resolutions of the Company Board. The form and substance of such resolutions shall be subject to review and approval of Buyer. The Company also shall take such other actions in furtherance of terminating such Company Employee Plan(s) as Buyer may reasonably require. In the event that termination of the Company’s 401(k) Plan would reasonably be anticipated to trigger liquidation charges, surrender charges or other fees then the Company shall take such actions as are necessary to reasonably estimate the amount of such charges and/or fees and provide such estimate in writing to Buyer no later than ten Business Days prior to the Closing Date.

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • No Duplication of Benefits For the avoidance of doubt, in no event will Executive be entitled to benefits under Section 4.4.3(i) and Section 4.4.3(ii). If Executive commences to receive benefits under Section 4.4.3(i) due to a qualifying termination prior to a Change in Control and thereafter becomes entitled to benefits under Section 4.4.3(ii), any benefits previously provided to Executive under Section 4.4.3(i) shall offset the benefits to be provided to Executive under Section 4.4.3(ii) and shall be deemed to have been provided to Executive pursuant to Section 4.4.3(ii).

  • Non-Duplication of Benefits Executive is not eligible to receive benefits under this Agreement more than one time.

  • Limitation of Benefits (a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any benefit, payment or distribution by the Company to or for the benefit of the Executive (whether payable or distributable pursuant to the terms of this Agreement or otherwise) (a "Payment") would, if paid, be subject to the excise tax imposed by Section 4999 of the Code (the "Excise Tax"), then the Payment shall be reduced to the extent necessary to avoid the imposition of the Excise Tax. The Executive may select the Payments to be limited or reduced.

  • Termination of 401(k) Plan The Company agrees to terminate its 401(k) plan immediately prior to the Closing, unless Parent, in its sole and absolute discretion, agrees to sponsor and maintain such plan by providing the Company with notice of such election at least five days before the Effective Time.

  • Calculation of Benefits Immediately following delivery of any Notice of Termination, the Company shall notify the Executive of the aggregate present value of all termination benefits to which he would be entitled under this Agreement and any other plan, program or arrangement as of the projected Date of Termination, together with the projected maximum payments, determined as of such projected Date of Termination that could be paid without the Executive being subject to the Excise Tax.

  • Nonduplication of Benefits Notwithstanding any provision in this Agreement or in any other Employer benefit plan or compensatory arrangement to the contrary, but at all times subject to Section 7.4, (a) any payments due under Section 7.1, Section 7.2 or Section 7.3 shall be made not more than once, if at all, (b) payments may be due under Section 7.1, Section 7.2 or Section 7.3, but under no circumstances shall payments be made under all of or any combination of Section 7.1, Section 7.2 and Section 7.3, (c) no payments made under Sections 7.1, 7.2 and 7.3 this Agreement shall be considered compensation for purposes of any benefit plan or compensatory arrangement of Employer, and (d) Executive shall not be entitled to severance benefits from Employer other than as contemplated under this Agreement, unless such other severance benefits offset and reduce the benefits due under this Agreement on a dollar-for-dollar basis, but not below zero.

  • Distribution of Benefits Payment to Executive shall occur within thirty (30) days of the effective date of Executive's vesting in his Deferred Bonus Account. For purposes of determining the distributable amount, the Deferred Bonus Account shall be valued through the day prior to the day on which the Deferred Bonus Account is distributed, less any claim, debt, reimbursement, recoupment, or offset the Company may have against Executive.

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

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