Common use of No Penalties Clause in Contracts

No Penalties. No Acquired Company Employee Benefit Plans or any trusts relating thereto have engaged in any transaction in connection with which any Acquired Company or any fiduciaries of such Employee Benefit Plans or related trusts is or could be subject either to a civil penalty or other liability under Sections 502(i), 406 or 409 of ERISA or a tax imposed by Section 4975 of the Code, and no event has occurred and no condition exists with respect to Acquired Company Employee Benefit Plans that could subject any Acquired Company to any other tax or penalty under the Code or civil penalty or other liability under ERISA or other Laws.

No Penalties. No Acquired Company Employee Benefit Plans or any trusts relating thereto have engaged in any transaction in connection with which any Acquired Company or any fiduciaries of such Employee Benefit Plans or related trusts is or could be subject either to a civil penalty or other liability under Sections 502(i), 406 or 409 of ERISA or a tax imposed by Section 4975 of the Code, and no event has occurred and no condition exists with respect to Acquired Company Employee Benefit Plans that could subject any Acquired Company to any other tax or penalty under the Code or civil penalty or other liability under ERISA or other Laws.