Employee Benefit Plans and Employment Agreements. (a) Section 3.14(a) of the Schedule of Exceptions contains a list as of the date of this Agreement of each “employee benefit plan,” as defined in Section 3(3) of ERISA and all other material employment Contracts, and employee benefit plans, programs, policies and arrangements (including all collective bargaining, stock purchase, stock option, compensation, deferred compensation, pension, retirement, severance, termination, separation, vacation, sickness, health insurance, welfare and bonus plans or Contracts) entered into, maintained or contributed to by the Company for the benefit of continuing employees or other service-providers (or former employees or service-providers) of the Company or with respect to which the Company has any obligation or Liability (collectively, the “Company Plans”).
Employee Benefit Plans and Employment Agreements. (a) Schedule 3.14 is a list as of the date of this Agreement of all material employment contracts, and employee benefit plans, programs, policies and arrangements (including all collective bargaining, stock purchase, stock option, compensation, deferred compensation, pension, retirement, severance, termination, separation, vacation, sickness, health insurance, welfare and bonus plans, arrangements, and agreements) for the benefit of continuing employees or former employees of Company and under or with respect to which Company has any obligation or liability (collectively, the “Company’s Plans”).
Employee Benefit Plans and Employment Agreements. Except as listed on Exhibit 3.16 hereto, the Company is not a party to nor participates or has participated in (a) any profit-sharing, deferred compensation, bonus, stock option, stock purchase, pension, retainer, consulting, retirement, welfare or incentive plan or agreement whether legally binding or not,
Employee Benefit Plans and Employment Agreements. Except as listed on Exhibit 3.16 hereto, the Company is not a party to nor participates or has participated in (a) any profit-sharing, deferred compensation, bonus, stock option, stock purchase, pension, retainer, consulting, retirement, welfare or incentive plan or agreement whether legally binding or not, (b) any plan providing for “fringe benefits” to its employees, including but not limited to vacation, sick leave, medical, hospitalization, life insurance and other insurance plans, and related benefits, (c) any employment agreement not terminable on 30 days (or less) written notice, or (d) any other “employee benefit plan” (within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974 (“ERISA”)). True, correct and complete copies of all documents with respect to the plans and agreements referred to in Exhibit 3.16 and all related summary plan descriptions have been delivered to counsel to the Investors. There are no negotiations, demands or proposals which are pending or have been made which concern matters now covered, or that would be covered, by the type of agreements or plans listed in this Section. Company is in full compliance with the applicable provisions of ERISA (as amended by the Omnibus Budget Reconciliation Act of 1987, the Tax Reform Act of 1986, Retirement Equity Act of 1984, the Deficit Reduction Act of 1984, and the Tax Equity and Fiscal Responsibility Act of 1982) and the regulations and published authorities thereunder with respect to all such employee benefit plans. The Company is in full compliance with all other statutes, orders or governmental rules and regulations applicable to such plans. The Company has performed all of its obligations under all such plans. There are no actions, suits or claims (other than routine claims for benefits) pending or threatened against such plans or the assets of such plans, and to the best knowledge of the Company, no facts exist which could give rise to any actions, suits or claims (other than routine claims for benefits) against such plans or the assets of such plans.
Employee Benefit Plans and Employment Agreements. The following terms, as used herein, have the following meanings:
Employee Benefit Plans and Employment Agreements. (a) Section 4.17(a) of the Company Disclosure Schedule contains a correct and complete list identifying each material Employee Plan. Copies of each such Employee Plan (and, if applicable, related trust or funding agreements or insurance policies) and all amendments thereto and written interpretations thereof have been made available to Parent together with the most recent annual report (Form 5500 including, if applicable, Schedule B thereto) and tax return (Form 990) prepared in connection with such plan or trust.
Employee Benefit Plans and Employment Agreements. 1. Item 1 under the “Post-Closing Severance Agreements” heading is hereby amended to read in its entirety as follows: “Letter Agreement dated June 18, 2004 between Marconi Corporation plc and Xxxx Xxxxxx (Business Plan).”
Employee Benefit Plans and Employment Agreements. Schedule 4.17 sets forth a true and complete list of each (a) “employee benefit plan” (as defined in Section 3(3) of ERISA), (b) retirement or deferred compensation plan, incentive compensation plan, stock plan, unemployment compensation plan, vacation pay, severance pay, bonus or benefit arrangement, insurance or hospitalization program or any other fringe benefit arrangements which does not constitute an employee benefit plan, and (c) employment agreement or consulting agreement, which plans, programs, policies, arrangements or agreements have been extended to or entered into with persons because they have performed or will perform services for Seller or with respect to which Seller has any Liability or Purchaser may have any Liability on account of the consummation of the transactions contemplated by this Agreement (collectively, the “Benefit Plans”). All Benefit Plans comply, and have been administered in form and in operation in compliance, with all applicable requirements of Law; no Benefit Plan is subject to title IV of ERISA; no Benefit Plan is a multiemployer plan (within the meaning of Section 3(37) of ERISA); and each Benefit Plan which is an “employee pension benefit plan” (as defined in Section 3(2) of ERISA) and which is intended to be qualified under Section 401(a) of the Code is the subject of a favorable determination letter issued with respect thereto by the Internal Revenue Service, and there are no material amendments to any such plan which are not the subject of a favorable determination letter. True and complete copies or descriptions of all Benefit Plans have been made available to Purchaser in the Data Room.
Employee Benefit Plans and Employment Agreements. Descriptions of all "employee welfare benefit plans" or "employee pension benefit plans" as those terms are respectively defined in sections 3(1) and 3(2) of ERISA, and all retirement or deferred compensation plans, incentive compensation plans, stock plans, unemployment compensation plans, vacation pay, severance pay, bonus or benefit arrangements, insurance or hospitalization programs or any other fringe benefit arrangements (whether pursuant to Contract, arrangement, custom or informal understanding) which do not constitute "employee benefit plans" (as defined in section 3(3) of ERISA) and all employment agreements, covering any Affected Employee of Sellers have been supplied to the Metatec Companies.
Employee Benefit Plans and Employment Agreements. (a) Seller does not have any employment contract with any officer or employee or any other consultant or person that may be a Transferred Employee. Except as set forth in Section 3.14(a) of the Seller Disclosure Letter, Seller and its Affiliates do not have any deferred compensation, pension, retirement, health, profit sharing, incentive bonus, stock purchase, stock option, hospitalization, insurance, severance, workers’ compensation, supplemental unemployment benefits, vacation benefits, disability benefits, or any other employee pension benefit (as defined in ERISA or otherwise) or welfare benefit obligation, or any other employee benefit of any kind whatsoever whether under a plan or agreement, covering any of their current or former employees or consultants of the Business (“Employee Plans”).
