Common use of Status of Plans Clause in Contracts

Status of Plans. Except as set forth in Schedule 2.15(b) attached hereto, each Employee Benefit Plan (including any related trust) complies in form with the requirements of all applicable Regulations, including, without limitation, ERISA, the Code, and foreign tax, labor, securities, data privacy, currency exchange control and other Regulation, and has at all times been maintained and operated in substantial compliance with its terms and the requirements of all applicable Regulation, including, without limitation, ERISA and the Code. No complete or partial termination of any Employee Benefit Plan has occurred or is expected to occur. Neither the Corporation nor or any of its Subsidiaries has any commitment, intention or understanding to create, modify or terminate any Employee Benefit Plan. Except as required to maintain the tax-qualified status of any Employee Benefit Plan intended to qualify under Section 401(a) of the Code, no condition or circumstance exists that would prevent the amendment or termination of any Employee Benefit Plan. No event has occurred and no condition or circumstance has existed that could result in a material increase in the benefits under or the expense of maintaining any Employee Benefit Plan from the level of benefits or expense incurred for the most recent fiscal year ended thereof, and no benefits under any Employee Benefit Plan have been increased subsequent to the date as of which documents have been provided.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Synthesis Energy Systems Inc), Agreement and Plan of Merger (Synthesis Energy Systems Inc)

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Status of Plans. Except as set forth in Schedule 2.15(bSection 4.10(b) attached heretoof the Company Disclosure Letter, each Employee Benefit Plan (including any related trust) complies in form with the requirements of all applicable Regulationslaws, including, without limitation, ERISA, ERISA and the Code, and foreign tax, labor, securities, data privacy, currency exchange control and other Regulation, and has at all times been maintained and operated in substantial compliance with its terms and the requirements of all applicable Regulationlaws, including, without limitation, ERISA and the Code. No complete or partial termination of any Employee Benefit Plan has occurred or is expected to occur. Neither Except as set forth in Section 4.10(b) of the Corporation Company Disclosure Letter, neither the Company nor or any of its Subsidiaries has any commitment, intention or understanding to create, modify or terminate any Employee Benefit Plan. Except as required to maintain the tax-qualified status of any Employee Benefit Plan intended to qualify under Section 401(a) of the Code, no condition or circumstance exists that would prevent the amendment or termination of any Employee Benefit Plan. No event has occurred and no condition or circumstance has existed that could result in a material increase in the benefits under or the expense of maintaining any Employee Benefit Plan from the level of benefits or expense incurred for the most recent fiscal year ended thereof, and no benefits under any Employee Benefit Plan have been increased subsequent to the date as of which documents have been provided.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Cordiant Communications Group PLC /Adr), Agreement and Plan of Merger (Healthworld Corp)

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Status of Plans. Except as set forth in otherwise disclosed on Schedule 2.15(b) attached hereto--------------- -------- 3.19(b), each Employee Benefit Plan (including any related trust) materially ------- complies in form with the requirements of all applicable Regulationslaws, including, without limitation, ERISA, ERISA and the Code, and foreign tax, labor, securities, data privacy, currency exchange control and other Regulation, and has at all times been maintained and operated in substantial material compliance with its terms and the requirements of all applicable Regulationlaws, including, without limitation, ERISA and the Code. No Except as otherwise disclosed on Schedule 3.19(b) no complete or partial termination of any Employee Benefit Plan has occurred or is reasonably expected to occur, and no proceedings have been instituted, and no condition exists and no event has occurred that in any such case would constitute grounds, under Title IV of ERISA to terminate, or appoint a trustee to administer, any Employee Benefit Plan. Neither Except as provided in the Corporation Benefits Sharing Agreement, neither the Company nor or any of its Subsidiaries subsidiaries has any commitment, intention or understanding to create, modify or terminate any Employee Benefit Plan. Except as required to maintain the tax-qualified status of any Employee Benefit Plan intended to qualify under Section 401(a) of the Code, no condition or circumstance exists that would prevent the amendment or termination of any Employee Benefit Plan. No event has occurred and no condition or circumstance has existed that could would result in a material increase in the benefits under or the expense of maintaining any Employee Benefit Plan from the level of benefits or expense incurred for the most recent fiscal year ended thereof, and no benefits under any . No Employee Benefit Plan have been increased subsequent to the date as is a plan described in Section 4063(a) of which documents have been providedERISA.

Appears in 1 contract

Samples: Stock Subscription Agreement (Specialty Products & Insulation Co)

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