Eagle Employee definition

Eagle Employee shall refer to those directors, officers and employees of Eagle or any Affiliate of Eagle (other than a Company) which are currently also directors or officers of a Company, which latter position is to terminate as of the Closing Date.
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Eagle Employee means each individual set forth on Section 7.1(a) of the Company Disclosure Letter. “Employee Benefit Plan” means (a) an “employee benefit plan,” as such term is defined in Section 3(3) of ERISA (regardless of whether such plan is subject to ERISA), and (b)
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Examples of Eagle Employee in a sentence

  • While acting as an Employee for the Company, notwithstanding the foregoing, with the exception of Iron Eagle, Employee may own, directly or in directly, solely as an investment, up to five percent (5%) of any class of Publicly Traded Securities of any person or entity which owns a competitive business.

  • All of the Eagle Employee Plans have been administered in accordance with their written terms and comply with all applicable requirements of ERISA, the IRC and other applicable laws.

  • Eagle has reserved 2,344,500 shares of Eagle Common Stock for issuance under the Eagle Stock Plans (except the Eagle Employee Stock Purchase Plan), pursuant to which options to purchase not more than 1,515,350 shares of Eagle Common Stock are outstanding as of November 20, 1998.

  • There has occurred no “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the IRC) with respect to the Eagle Employee Plans.

  • Any Eagle Employee Plan that is a “group health plan” has been administered in accordance with the requirements of HIPAA, and the regulations thereunder, and the continuation coverage and notice requirements of Title I, Subtitle B, Part 6 of ERISA and Section 4980B of the IRC.

  • Except for the matters set forth on Schedule 3.6 pursuant to clause (e) of Section 3.6 and clearly identified on such Schedule as an affiliate relationship (the "Affiliate Relationships"), and except as contemplated by Section 5.8, no Affiliate of the Seller or Amerace (other than an Eagle Employee) is an officer, director, employee, consultant, competitor, customer, distributor, supplier or vendor of, or is party to any Material Contractual Obligation with, the Companies.

  • With respect to any such Eagle Employee Plans that is subject to the summary plan description requirements of section 102 of ERISA, Eagle has made available to Community Trust a true and complete copy of the most recent summary plan descriptions (and any summary of material modifications thereto, if applicable).

  • No asset of any Eagle Employee Plan is subject to tax as unrelated business taxable income.

  • There has occurred no breach of a fiduciary duty owed pursuant to Section 404 of ERISA with respect to any Eagle Employee Plans.

  • Eagle has made available to Community Trust true and complete copies of all contracts with third party administrators, actuaries, investment managers, consultants, and other independent contractors that relate to any Eagle Employee Plan, all reports submitted within the four years preceding the date of this Agreement by third party administrators, actuaries, investment managers, consultants, or other independent contractors with respect to any Eagle Employee Plan.