Employee Benefit Plans and Policies. 8 2.18 Title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2.19 Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2.20 Affiliate Interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2.21
Employee Benefit Plans and Policies. (a) The Company Disclosure Letter provides a description of each of the following which is sponsored, maintained or contributed to by the Company for the benefit of its employees, or has been so sponsored, maintained or contributed to within six years prior to the Closing Date:
Employee Benefit Plans and Policies. The Executive shall be entitled to participate in each employee benefit plan, policy or arrangement which is sponsored, maintained or contributed to by the Bank and in which current similarly-situated officers of the Bank may participate, in accordance with the terms and provisions of such plans and on the same terms and conditions as other similarly-situated officers of the Bank. Contributions by the Executive to such plans shall be required only to the extent required of other similarly-situated officers of the Bank.
Employee Benefit Plans and Policies. (a) Schedule 3.15(a) provides a description of each of the following which is sponsored, maintained or contributed to by the Company for the benefit of its employees, or has been so sponsored, maintained or contributed to within six years prior to the Closing Date:
Employee Benefit Plans and Policies. Schedule 4.11 lists all of the employment, severance, change-of-control, stock purchase, stock option, fringe benefits, incentive, bonus, pension, welfare, shop agreements or other employee benefit plans and policies maintained or contributed to by Sellers or ELAC for the Business or in which employees of the Business or managing directors of ELAC, including employees or managing
Employee Benefit Plans and Policies. Executive shall be entitled to participate in each employee benefit plan, policy or arrangement which is sponsored, maintained or contributed to by the Company and in which the current executive officers of the Company may participate, in accordance with the terms and provisions of such plans in effect from time to time, which may include group health insurance, 401(k) plan participation, and group life insurance benefits. If the Company does not have a group health insurance plan in place as of the Effective Date, the Company shall reimburse Executive for the reasonable costs of obtaining individual health insurance coverage until such time as a group plan is established, in an amount not to exceed $750 per month. The Company shall also reimburse Executive for premiums for personal term life insurance policies maintained by Executive on his life, up to a maximum of $1,000 per year. Any prior obligation of the Company to reimburse Executive for other life insurance premiums is hereby terminated from and after the Effective Date.
Employee Benefit Plans and Policies. (a) With the exception of the plans referred to in Schedule 3.14(a) attached hereto (the "Employee Benefit Plans"), the Company does not maintain or have an obligation to contribute to, and has at no time since the effective date of ERISA maintained or had an obligation to contribute to, any "employee pension benefit plan" as defined in Section 3(2) of ERISA with regard to any employee, past or present, and the Company is not and has at no time since the effective date of the Multiemployer Pension Plan Amendment Act of 1980 been a party to, nor during such period made any contribution to, any "Multiemployer Plan" as defined in Section 3(37) of ERISA with regard to any employee, past or present. The Employee Benefit Plans are, and at all times, have been, in material compliance with ERISA and they are and at all times, have been in material compliance with the requirements for qualification under Section 401(a), and with the minimum funding standards of Section 412, of the Code as amended, and the rules and regulations promulgated thereunder.
Employee Benefit Plans and Policies. Except as set forth in Schedule 3.14, neither nor SRC nor any of its subsidiaries maintains or has an obligation to contribute to, and has at no time since the effective date of ERISA maintained or had an obligation to contribute to, any "employee pension benefit plan" as defined in Section 3(2) of ERISA with regard to any employee, past or present, and neither SRC nor any of its subsidiaries is and has at any time since the effective date of the Multiemployer Pension Plan Amendment Act of 1980 been a party to, or during such period made any contribution to, any "Multiemployer Plan" as defined in Section 3(37) of ERISA (collectively the "Plans") with regard to any employee, past or present.
Employee Benefit Plans and Policies. 10 3.14 Properties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 3.15 Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 3.16
Employee Benefit Plans and Policies. The Executive shall be entitled to participate in each employee benefit plan, policy or arrangement which is sponsored, maintained or contributed to by the Company and in which current executive officers of the Company may participate, in accordance with the terms and provisions of such plans, which may include group health insurance, 401 (k) plan participation, and life insurance benefits. If the Company does not have a group health insurance plan in place as of the Employment Commencement Date, the Company shall reimburse Executive for the reasonable costs of obtaining individual health insurance coverage until such time as a group plan is established, in an amount not to exceed $750 per month.
