Employee Benefit and Pension Plans. (a) Each Domestic Company and its ERISA Affiliates is in compliance in all material respects with the applicable provisions of ERISA and the Code and the regulations and published interpretations thereunder. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events, could reasonably be expected to result in material liability of any Domestic Company or any of its ERISA Affiliates or the imposition of a Lien on any of the assets of a Domestic Company. As of the date of the most recent financial statements, there is no accumulated funding deficiency (as defined by Section 412(a) of the Code). Each Company and its ERISA Affiliates are in compliance with the terms of the July 1999 agreement (and any amendments or related letters) between Holdings and the PBGC that addresses the Plans. Using actuarial assumptions and computation methods consistent with subpart 1 of subtitle E of Title IV of ERISA, the aggregate liabilities of each Company or its ERISA Affiliates to all Multiemployer Plans in the event of a complete withdrawal therefrom, as of the close of the most recent fiscal year of each such Multiemployer Plan, could not reasonably be expected to result in a Material Adverse Effect.
Employee Benefit and Pension Plans. (a) Except as listed in Schedule 3.1(34) attached hereto, the Vendor does not have, and is not subject to any present or future obligation or liability under, any pension plan, deferred compensation plan, retirement income plan, stock option or stock purchase plan, profit sharing plan, bonus plan or policy, employee group insurance plan, hospitalization plan, disability plan or other employee benefit plan, program, policy or practice, formal or informal, with respect to any of the employees of the Business, other than the Canada Pension Plan and the Health Insurance Act (Ontario), as amended from time to time, and other similar health plans established pursuant to statute. Schedule 3.1(34) also lists the general policies, procedures and work-related rules in effect with respect to employees of the Business, whether written or oral, including but not limited to policies regarding holidays, sick leave, vacation, disability and death benefits, termination and severance pay, automobile allowances and rights to company-provided automobiles and expense reimbursements. (The plans, programs, policies, practices and procedures listed in Schedule 3.1(34) are hereinafter collectively called the "Benefit Plans"). Complete and correct copies of all documentation establishing or relating to the Benefit Plans listed in Schedule 3.1(34) or, where such Benefit Plans are oral commitments, written summaries of the terms thereof, and the most recent financial statements and actuarial reports related thereto and all reports and returns in respect thereof filed with any regulatory agency within three years prior to the date hereof have been provided to the Purchaser.
Employee Benefit and Pension Plans. (a) Section 4.23(a) of the Disclosure Letter contains an accurate and complete list of each Employee Plan. Seller has provided or made available to Buyer, to the extent applicable with respect to each Employee Plan, true, correct and complete copies of: (i) the plan document or agreement, including any amendments (or a written description of any unwritten Employee Plan which accurately describes all material provisions of such Employee Plan); (ii) any trust agreement, insurance contract, or any other funding vehicle or service agreement; (iii) any summary plan description and summary of material modifications; (iv) the most recent IRS determination letter, if applicable; (v) Form 5500 reports (including applicable schedules and attachments thereto) filed for the last three plan years or, in the case of a Foreign Plan that will be assumed by Buyer, such similar report, statement or information return required to be filed with, or delivered to, any Government Authority having jurisdiction with respect to such Foreign Plan and (vi) the most recent financial statements, the most recent actuarial valuation report and current funding and investment information related thereto. Seller has also provided or made available to Buyer a true, correct and complete copy of any employee handbook applicable to the Business employees.
Employee Benefit and Pension Plans. With respect to the Employee Benefit Plans of the Cannavative Entities (if any):
Employee Benefit and Pension Plans funded pursuant to this Agreement shall be administered by a Joint Board of Trustees composed of an equal number of Employer and Employee members and governed by the respective "Trust Agreements".
Employee Benefit and Pension Plans. Except as set forth in Schedule 3.10, SCii and its Subsidiaries do not participate in or contribute to any retirement plans, profit-sharing schemes, incentive plans or other optional social regimes (the "Benefit Plans") in favor of present or past employees or in favor of the heirs or present or past employees other than those required by applicable laws, regulations, collective bargaining agreements for the industry and company collective labor agreement with SCii and its Subsidiaries. SCii and its Subsidiaries are in compliance in all material respects with their obligations under the Benefit Plans and the social regimes that generally cover: death, work incapacity, disability, health and unemployment required by applicable laws, regulations, collective bargaining agreements for the industry and company collective labor agreements with SCii and its Subsidiaries. SCii and its Subsidiaries have no direct or indirect actual or contingent liability for any Benefit Plan or any social regimes required by applicable laws, regulations, collective bargaining agreements for the industry and company collective labor agreements, other than to make payments for contributions, premiums or benefits when due. All such payments have been made on a timely basis.
Employee Benefit and Pension Plans. (a) Except as listed in Schedule T attached hereto, the Corporation does not have, and is not subject to any present or future obligation or liability under, any pension plan, deferred compensation plan, retirement income plan, stock option or stock purchase plan, profit sharing plan, bonus plan or policy, employee group insurance plan, hospitalization plan, disability plan or other employee benefit plan, program, policy or practice, formal or informal, with respect to any of its employees. Schedule T also lists the general policies, procedures and work-related rules in effect with respect to employees of the Corporation, whether written or oral, including but not limited to policies regarding holidays, sick leave, vacation, disability and death benefits, termination and severance pay, automobile allowances and rights to company-provided automobiles and expense reimbursements. (The plans, programs, policies, practices and procedures listed in Schedule T are hereinafter collectively called the "Benefit Plans"). Complete and correct copies of all documentation establishing or relating to the Benefit Plans listed in Schedule T or, where such Benefit Plans are oral commitments, written summaries of the terms thereof, and the most recent financial statements and actuarial reports related thereto and all reports and returns in respect thereof filed with any regulatory agency within three years prior to the date hereof have been provided to the Purchaser.
Employee Benefit and Pension Plans. Except as set forth on Section 5(l) of the Disclosure Schedule, (i) there are no pension, stock option or stock incentive, life insurance, disability or similar plans, arrangements or obligations of DSC or its Subsidiaries for the employees listed on Section 7(f) of the Disclosure Schedule and neither DSC nor its Subsidiaries has an obligation (whether legally binding or established by custom) to pay any pension or make any other payment after retirement or death or otherwise to provide "relevant benefits" within the meaning of Section 612 of the Income and Corporation Taxes Act of 1988, as amended, to or in respect of any such employee; (ii) DSC has supplied to Airspan copies of all material standard form literature issued to such employees about the items listed on Section 5(l) of the Disclosure Schedule; and (iii) all amounts due to any insurance company in connection with the items listed on Section 5(l) of the Disclosure Schedule have been paid or are included in the Assumed Liabilities.
Employee Benefit and Pension Plans. (a) Section 3.16(a) of the Seller Disclosure Schedule contains a complete list of (i) each Pension Plan; (ii) each Welfare Plan including, with respect to such Pension and Welfare Plans, plans otherwise excluded from the operation of ERISA by Section 4(b)(4) or 4(b)(5) thereof, maintained or contributed to by Seller or Seller Subsidiaries, or any trade or business under common control with Seller or Seller Subsidiaries within the meaning of Section 4001(a)(14) of ERISA (an "ERISA Affiliate"), for or on behalf of employees of Seller Subsidiaries, or to which any employee of Seller Subsidiaries contributes on account of his employment (such Pension Plans and Welfare Plans which are subject to ERISA, collectively referred to as "ERISA Plans"); and (iii) each other material plan, salary practice or arrangement, including bonus, incentive compensation, deferred compensation, stock option, stock purchase, unit option, unit purchase, stock bonus, retirement, welfare benefit, savings, insurance, sick pay, vacation pay, severance pay or other fringe benefit plan or program, whether formal or informal, which is applicable to any such employee of Seller Subsidiaries (such Pension Plans, Welfare Plans and other material plans, salary practices and arrangements described in this subsection (iii), other than Foreign Plans, collectively referred to as "Benefit Arrangements"). For the avoidance of doubt, "Benefit Arrangements," as defined above, do not include any arrangements (including endorsement, sponsorship or consulting arrangements) with any amateur, professional or semi-professional athletes or athletic teams or organizations. Seller or the Seller Subsidiaries have furnished or made available to Purchaser copies of each Benefit Arrangement and each material Foreign Plan, the most recent annual report (Form 5500 series) for each ERISA Plan, the most recent Summary Plan Description for each ERISA Plan, and the most recent Internal Revenue Determination Letter, where applicable.
Employee Benefit and Pension Plans. (a) Except as listed in Schedule 3.01(28) attached hereto, the Vendor does not have, and is not subject to any present or future obligation or liability under, any pension plan, deferred compensation plan, retirement income plan, other than the Canada Pension Plan. Complete and correct copies of all documentation establishing or relating to the stock option or stock purchase plan, profit sharing plan, bonus plan or policy, employee group insurance plan, hospitalization plan, disability plan or other employee benefit plan, program, policy or plan (collectively the "BENEFIT PLANS") or written summaries of the terms thereof have been provided to the Purchaser.
