No Participation in Shire Benefit Plans. Impax acknowledges and agrees that the Sales Force members are not, and are not intended to be or be treated as, employees of Shire and that no such individual is, or is intended to be, eligible to participate in any benefits programs or in any Shire “employee benefit plans,” (as defined in Section 3(3) of ERISA) (“Shire Benefits Plan”). As between Impax and Shire, all matters of compensation, benefits and other terms of employment for any Sales Force member shall be the sole responsibility of Impax, including without limitation, the payment of all compensation and benefits under any such Impax employee benefit plan and under the Incentive Compensation Plan.
Appears in 4 contracts
Samples: Policies Agreement, Employment Policies Agreement (Impax Laboratories Inc), Employment Policies Agreement (Impax Laboratories Inc)
