Common use of International Employee Plans Clause in Contracts

International Employee Plans. Each material International Employee Plan has been established, registered, maintained and administered in good standing and compliance in all material respects with its terms and conditions and with the requirements prescribed by any applicable laws or regulatory authorities. Furthermore, no International Employee Plan has material unfunded liabilities that as of the Effective Time will not be offset by insurance or have not been accrued in accordance with GAAP. Each International Employee Plan that is required to be registered has been so registered and has been maintained in good standing in all material respects with applicable regulatory authorities.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Datto Holding Corp.), Agreement and Plan of Merger (Datto Holding Corp.)

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International Employee Plans. Each material International Employee Plan has been established, registered, maintained and administered in good standing and material compliance in all material respects with its terms and conditions and with the requirements prescribed by any applicable laws and all statutory or regulatory authoritieslaws that are applicable to such International Employee Plan. Furthermore, no International Employee Plan has material unfunded liabilities that are not fully accrued on the Company Balance Sheet. Except as of required by law, no condition exists that would prevent the Effective Time will not be offset by insurance Company or have not been accrued in accordance with GAAP. Each Parent from terminating or amending any International Employee Plan that is required to be registered has been so registered and has been maintained in good standing in all material respects with applicable regulatory authoritiesat any time for any reason.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Progress Software Corp /Ma), Agreement and Plan of Merger (Persistence Software Inc)

International Employee Plans. Each material International Employee Plan has been established, registered, maintained and administered in good standing and compliance in all material respects with its terms and conditions and with the requirements prescribed by any applicable laws Laws. Each International Employee Plan required by any applicable Law to be registered or regulatory authoritiesapproved by a Governmental Authority has been so registered or approved and has been maintained in good standing with the applicable Governmental Authority in each case, in all material respects. Furthermore, no No International Employee Plan has material unfunded liabilities that as of the Effective Time will not be fully accrued for in its financial statements or fully offset by insurance or have not been accrued in accordance with GAAP. Each International Employee Plan that is required to be registered has been so registered and has been maintained in good standing in all material respects with applicable regulatory authoritiesinsurance.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Vepf Vii SPV I, L.P.), Agreement and Plan of Merger (KnowBe4, Inc.)

International Employee Plans. Each material International Employee Plan has been established, registered, maintained and administered in good standing and compliance in all material respects with its terms and conditions and with the requirements prescribed by any applicable laws or regulatory authoritiesLaws. Furthermore, no International Employee Plan has material unfunded liabilities that as of the Effective Time will not be offset by insurance would require disclosure against Section 3.7 or have not been accrued in accordance with GAAP. Each International Employee Plan that is required to be registered has been so registered and has been maintained in good standing in all material respects with applicable regulatory authoritiesSection 3.8 hereof.

Appears in 1 contract

Samples: Registration Rights Agreement (Nasdaq, Inc.)

International Employee Plans. Each material Except as would not have a Company Material Adverse Effect, each International Employee Plan has been established, registered, maintained and administered in good standing and compliance in all material respects with its terms and conditions and with the requirements prescribed by any applicable laws or regulatory authoritiesLaws. Furthermore, no No International Employee Plan has material unfunded liabilities that as of the Effective Time will not be fully accrued for in its financial statements or fully offset by insurance or have not been accrued in accordance with GAAP. Each International Employee Plan that is required to be registered has been so registered and has been maintained in good standing in all material respects with applicable regulatory authoritiesinsurance.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Medallia, Inc.)

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International Employee Plans. Each material International Employee Plan has been established, registered, maintained and administered in good standing and compliance in all material respects with its terms and conditions and with the requirements prescribed by any applicable laws or regulatory authoritiesLaws. Furthermore, no No International Employee Plan has material unfunded liabilities that as of the Effective Time will not be fully accrued for in its financial statements or fully offset by insurance or have not been accrued in accordance with GAAP. Each International Employee Plan that is required to be registered has been so registered and has been maintained in good standing in all material respects with applicable regulatory authoritiesinsurance.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Sierra Oncology, Inc.)

International Employee Plans. Each material To the Knowledge of the Company, each International Employee Plan has been established, registered, maintained and administered in good standing and compliance in all material respects accordance with its terms and conditions and with the requirements prescribed by any applicable laws or regulatory authoritiesLaws in all material respects. Furthermore, no International Employee Plan has material unfunded liabilities that as of the Effective Time will not be offset by insurance or have not been accrued in accordance with GAAP. Each International Employee Plan that is required to be registered has been so registered and has been maintained in good standing in all material respects with applicable regulatory authoritiesfully accrued.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Echelon Corp)

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