Common use of WELFARE PLAN Clause in Contracts

WELFARE PLAN. “Welfare Plan” shall mean any “employee welfare benefit plan” as defined in Section 3(1) of ERISA (other than a Multiemployer Plan) which the Company or any of its Subsidiaries sponsors, maintains, administers, contributes to, or is obligated to contribute to, which covers any current or former employee of the Company or any of its Subsidiaries.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Panolam Industries International Inc), Agreement and Plan of Merger (Alliance Data Systems Corp)

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WELFARE PLAN. Welfare Plan" shall mean any "employee welfare benefit plan" as defined in Section 3(1) of ERISA ERISA, (other than a Multiemployer PlanA) which the Company Company, any Subsidiary or any of its Subsidiaries sponsors, ERISA Affiliate maintains, administers, contributes to, to or is obligated required to contribute to, or under which the Company, any Subsidiary or any ERISA Affiliate may incur any liability and (B) which covers any current employee or former employee of the Company Company, any Subsidiary or any of its SubsidiariesERISA Affiliate (with respect to their relationship with such entities).

Appears in 2 contracts

Samples: Stock Purchase Agreement (Lois/Usa Inc), Stock Purchase Agreement (Lois/Usa Inc)

WELFARE PLAN. “Welfare Plan” shall mean any “employee welfare benefit plan” as defined in Section 3(1) of ERISA (other than a Multiemployer Plan) ERISA, which the Company Seller or any of its Subsidiaries sponsors, ERISA Affiliate maintains, administers, contributes to, to or is obligated required to contribute to, or under which covers Seller or any current ERISA Affiliate or former employee either of the Company Affiniti Companies has or may incur any of its SubsidiariesLiability.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Enzo Biochem Inc)

WELFARE PLAN. Welfare Plan" shall mean any "employee welfare ------------ benefit plan" as defined in Section 3(1) of ERISA ERISA, (other than a Multiemployer PlanA) which the Company or any of its Subsidiaries sponsors, ERISA Affiliate maintains, administers, contributes to, to or is obligated required to contribute to, or under which the Company or any ERISA Affiliate may incur any liability and (B) which covers any current employee or former employee of the Company or any of its SubsidiariesERISA Affiliate (with respect to their relationship with such entities).

Appears in 1 contract

Samples: Stock Purchase Agreement (Mercury General Corp)

WELFARE PLAN. Welfare Plan" shall mean any "employee welfare benefit plan" as defined in Section 3(1) of ERISA (other than a Multiemployer PlanA) which the Company, or any ERISA Affiliate maintains, administers, contributes to or is required to contribute to, or under which the Company or any of its Subsidiaries sponsors, maintains, administers, contributes to, or is obligated to contribute to, ERISA Affiliate may incur any liability and (B) which covers any current employee or former employee employee, independent contractor or former independent contractor, officer, director, or agent of the Company Company, or any of its SubsidiariesERISA Affiliate.

Appears in 1 contract

Samples: Asset Purchase Agreement (Lillian Vernon Corp)

WELFARE PLAN. Welfare Plan" shall mean any employee welfare benefit plan” plan (as defined in Section 3(1) of ERISA (other than a Multiemployer Plan) which the Company or any similar welfare benefit plan under the laws of its Subsidiaries sponsorsany foreign jurisdiction, maintainswhether or not excluded from coverage under specific Titles or Subtitles of ERISA), administers, contributes to, or is obligated to contribute to, which covers for the benefit of any current or former employee employees or directors of any of the Company or any of its SubsidiariesAcquired Corporations.

Appears in 1 contract

Samples: Ii Agreement and Plan of Merger (Cubic Corp /De/)

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WELFARE PLAN. Welfare Plan" shall mean (A) any "employee ------------ welfare benefit plan" as defined in Section 3(1) of ERISA ERISA, (other than a Multiemployer PlanA) which the Company or any of its Subsidiaries sponsors, ERISA Affiliate maintains, administers, contributes to, to or is obligated required to contribute to, or under which the Company or any ERISA Affiliate may incur any liability and (B) which covers any current employee or former employee of the Company or any of its SubsidiariesERISA Affiliate (with respect to their relationship with such entities).

Appears in 1 contract

Samples: Stock Purchase Agreement (City Truck Holdings Inc)

WELFARE PLAN. “Welfare Plan” shall mean any “employee welfare benefit plan” as defined in Section 3(13(3) of ERISA ERISA, (other than a Multiemployer PlanA) which the Company Holdings or any of its Subsidiaries sponsors, maintains, administers, contributes to, to or is obligated required to contribute to, and (B) which covers any current or former employee employees, consultants, or directors of the Company Holdings or any of its SubsidiariesSubsidiaries or their beneficiaries or dependents (with respect to their relationship with such entities).

Appears in 1 contract

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

WELFARE PLAN. “Welfare Plan” shall mean any “employee welfare benefit plan” as defined in Section 3(1) of ERISA ERISA, (other than a Multiemployer PlanA) which the Company or any of its Subsidiaries sponsors, maintains, administers, contributes to, to or is obligated required to contribute toto or under which the Company or any of its Subsidiaries has or may have any liability, and (B) which covers any current employee, terminated employee, leased employee or former employee leased employee, director, officer, stockholder of independent contractor of the Company or any of its SubsidiariesSubsidiaries (with respect to their relationship with such entities).

Appears in 1 contract

Samples: Agreement and Plan of Merger (Medical Staffing Network Holdings Inc)

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