Benefit Plan Partner definition

Benefit Plan Partner. Any Limited Partner that is an “employee benefit plan” within the meaning of Section 3(3) of ERISA (whether or not subject to ERISA), a “plan” within the meaning of Section 4975(e)(1) of the Code (whether or not subject to Section 4975 of the Code) or any Limited Partner investing the assets of any such “employee benefit plan” or “plan”.
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Benefit Plan Partner means any Limited Partner that is (a) an “employee benefit plan” (as defined in Section 3(3) of ERISA) that is subject to Part 4 of subtitle B of Title I of ERISA, (b) a “plan” to which Code Section 4975 applies, (c) an entity whose underlying assets include the assets of any such “employee benefit plan” or “plan” by reason of ERISA or the Plan Assets Regulation, as modified by Section 3(42) of ERISA, or otherwise (including certain insurance company general accounts) for purposes of Section 406 of ERISA or Code Section 4975, or (d) a “benefit plan investor” as such term is otherwise defined in any regulations promulgated by the DOL under Section 3(42) of ERISA.
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Benefit Plan Partner. Any Limited Partner (or, as applicable, limited partner or other direct or indirect owner of any Feeder Fund or Parallel Vehicle) that is (x) an “employee benefit plan” within the meaning of Section 3(3) of ERISA (whether or not it is subject to the provisions of Title I of ERISA), (y) a “plan” within the meaning of Section 4975(e)(1) of the Code or (z) an entity whose underlying assets include plan assets by reason of the plan’s investment in the entity. For purposes of making the determination referred to in the foregoing clause (z), the value of any equity interests held by a Person (other than an entity described in the foregoing clauses (x) or (y)) that has discretionary authority or control with respect to the assets of the entity or a Person who provides investment advice for a fee (direct or indirect) with respect to such assets, or any Affiliate of such Person, will be disregarded. BHCA: the U.S. Bank Holding Company Act of 1956, as amended (including any modifications made pursuant to the U.S. Xxxxx-Xxxxx-Xxxxxx Act), and other similar banking legislation, and the rules and regulations promulgated thereunder.
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Examples of Benefit Plan Partner in a sentence

  • If the General Partner becomes a fiduciary of the plan of a Benefit Plan Partner with respect to the underlying assets of the Fund, the Person acting for the plan agrees, by investing in the Fund, that it shall bear fiduciary responsibility to the plan with respect to the overall prudence, liquidity and diversification of the plan, including the specific investments, as they may be constituted from time to time, of the Fund.

  • The General Partner may, at any time, and without prior notice to any affected party, limit participation in the Fund by any subscriber that is or would be a Benefit Plan Partner.


More Definitions of Benefit Plan Partner

Benefit Plan Partner. Any Limited Partner that is a “benefit plan investor” as defined in the Plan Asset Regulations.
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Related to Benefit Plan Partner

  • Benefit Plan Entity shall have the meaning assigned to such term in Section 3.9.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Seller Benefit Plan means each Employee Benefit Plan sponsored, maintained or contributed to by a Seller or any of its Affiliates or with respect to which a Seller or any of its Affiliates has, or could reasonably be expected to have, any direct or indirect Liability.

  • Benefit Plan Investor means an “employee benefit plan” as defined in Section 3(3) of ERISA that is subject to Title I of ERISA, a “plan” as defined in and subject to Section 4975 of the Code or an entity whose underlying assets include plan assets of any of the foregoing.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Seller Benefit Plans has the meaning set forth in Section 4.10(a).

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Controlled Group means all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control which, together with any Borrower, are treated as a single employer under Section 414 of the Code.

  • Company ERISA Affiliate means all employers (whether or not incorporated) that would be treated together with the Company or any of its Subsidiaries as a “single employer” within the meaning of Section 414 of the Code.

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Canadian Benefit Plan means any plan, fund, program or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Loan Party has any liability with respect to any of its employees or former employees employed in Canada, and includes any Canadian Pension Plan.

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "EMPLOYEE BENEFIT PLAN," within the meaning of Section 3(3) of ERISA which is maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Controlled group of corporations has the meaning set forth in Code Section 1563.