Common use of Employee Welfare Plans Clause in Contracts

Employee Welfare Plans. (a) Except as set forth on Schedule 3.23, IXL has not at any time ------------- maintained or been a party to or made contributions to any of the following: any "employee pension benefit plan", (as such term is defined in Section 3(2) of ERISA); or any "employee welfare benefit plan" (as such term is defined in Section 3(1) of ERISA), whether written or oral. All employee benefit plans maintained by IXL or to which IXL is obligated to contribute, are, and have in the past been, in all respects maintained, funded and administered in compliance with ERISA, and other applicable law; no such plan subject to Title IV of ERISA has been terminated; no proceedings to terminate any such plan have been instituted under Subtitle C of Title IV of ERISA; no reportable event within the meaning of Section 4043 of Subtitle C of ERISA has occurred for any such plan maintained by IXL; IXL has not withdrawn from a multi-employer plan (as defined in Section 4001(a) of ERISA); the consummation of the transactions contemplated hereby will not result in any withdrawal liability on the part of IXL under a multi-employer plan; no benefit plan established or maintained by IXL or to which IXL is obligated to contribute, has any accumulated funding deficiency (as defined in ERISA); and IXL has not incurred any liability to the Pension Benefit Guaranty Corporation with respect to any such plan.

Appears in 1 contract

Samples: Exchange Agreement (Ixl Enterprises Inc)

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Employee Welfare Plans. (a) Except as set forth on Schedule 3.233.21, IXL ETV has not at any time ------------- maintained or been a party to or made contributions to any of the following: any "employee pension benefit plan", (as such term is defined in Section 3(2) of ERISA); or any "employee welfare benefit plan" (as such term is defined in Section 3(1) of ERISA), whether written or oral. All employee benefit plans maintained by IXL ETV or to which IXL ETV is obligated to contribute, are, and have in the past been, in all respects maintained, funded and administered in compliance with ERISA, and other applicable law; no such plan subject to Title IV of ERISA has been terminated; no proceedings to terminate any such plan have been instituted under Subtitle C of Title IV of ERISA; no reportable event within the meaning of Section 4043 of Subtitle C of ERISA has occurred for any such plan maintained by IXLETV; IXL ETV has not withdrawn from a multi-employer plan (as defined in Section 4001(a) of ERISA); the consummation of the transactions contemplated hereby will not result in any withdrawal liability on the part of IXL ETV under a multi-employer plan; no benefit plan established or maintained by IXL ETV or to which IXL ETV is obligated to contribute, has any accumulated funding deficiency (as defined in ERISA); and IXL ETV has not incurred any liability to the Pension Benefit Guaranty Corporation with respect to any such plan.

Appears in 1 contract

Samples: Exchange Agreement (Ixl Enterprises Inc)

Employee Welfare Plans. (a) Except as set forth on Schedule 3.233.22, IXL CVI has not at any time ------------- maintained or been a party to or made contributions to any of the following: any "employee pension benefit plan", (as such term is defined in Section 3(2) of ERISA); or any "employee welfare benefit plan" (as such term is defined in Section 3(1) of ERISA), whether written or oral. All employee benefit plans maintained by IXL CVI or to which IXL CVI is obligated to contribute, are, and have in the past been, in all respects maintained, funded and administered in compliance with ERISA, and other applicable law; no such plan subject to Title IV of ERISA has been terminated; no proceedings to terminate any such plan have been instituted under Subtitle C of Title IV of ERISA; no reportable event within the meaning of Section 4043 of Subtitle C of ERISA has occurred for any such plan maintained by IXLCVI; IXL CVI has not withdrawn from a multi-employer plan (as defined in Section 4001(a) of ERISA); the consummation of the transactions contemplated hereby will not result in any withdrawal liability on the part of IXL CVI under a multi-employer plan; no benefit plan established or maintained by IXL CVI or to which IXL CVI is obligated to contribute, has any accumulated funding deficiency (as defined in ERISA); and IXL CVI has not incurred any liability to the Pension Benefit Guaranty Corporation with respect to any such plan.

Appears in 1 contract

Samples: Exchange Agreement (Ixl Enterprises Inc)

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Employee Welfare Plans. (a) Except as set forth on Schedule 3.233.22, IXL CVL has not at any time ------------- maintained or been a party to or made contributions to any of the following: any "employee pension benefit plan", (as such term is defined in Section 3(2) of ERISA); or any "employee welfare benefit plan" (as such term is defined in Section 3(1) of ERISA), whether written or oral. All employee benefit plans maintained by IXL CVL or to which IXL CVL is obligated to contribute, are, and have in the past been, in all respects maintained, funded and administered in compliance with ERISA, and other applicable law; no such plan subject to Title IV of ERISA has been terminated; no proceedings to terminate any such plan have been instituted under Subtitle C of Title IV of ERISA; no reportable event within the meaning of Section 4043 of Subtitle C of ERISA has occurred for any such plan maintained by IXLCVL; IXL CVL has not withdrawn from a multi-employer plan (as defined in Section 4001(a) of ERISA); the consummation of the transactions contemplated hereby will not result in any withdrawal liability on the part of IXL CVL under a multi-employer multiemployer plan; no benefit plan established or maintained by IXL CVL or to which IXL CVL is obligated to contribute, has any accumulated funding deficiency (as defined in ERISA); and IXL CVL has not incurred any liability to the Pension Benefit Guaranty Corporation with respect to any such plan.

Appears in 1 contract

Samples: Exchange Agreement (Ixl Enterprises Inc)

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