Employee Benefit Plan definition

Employee Benefit Plan means any “employee benefit plan” as defined in Section 3(3) of ERISA which is or was sponsored, maintained or contributed to by, or required to be contributed by, Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates.

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Employee Benefit Plan means any (a) nonqualified deferred compensation or retirement plan or arrangement which is an Employee Pension Benefit Plan, (b) qualified defined contribution retirement plan or arrangement which is an Employee Pension Benefit Plan, (c) qualified defined benefit retirement plan or arrangement which is an Employee Pension Benefit Plan (including any Multiemployer Plan), or (d) Employee Welfare Benefit Plan or material fringe benefit plan or program.

Employee Benefit Plan means any employee benefit plan within the meaning of Section 3(3) of ERISA which (i) is maintained for employees of the Borrower or any of its ERISA Affiliates or is assumed by the Borrower or any of its ERISA Affiliates in connection with any Acquisition or (ii) has at any time been maintained for the employees of the Borrower or any current or former ERISA Affiliate.

Examples of Employee Benefit Plan in a sentence

Effective as of the Closing, each Transferred Employee shall cease to be an employee of Seller or the applicable Affiliate and shall cease to participate in any Employee Benefit Plan or other employee compensation, benefit or welfare plan of Seller or any of its Affiliates as an active employee.
The Buyer shall (or shall cause an Affiliate to) use commercially reasonable efforts to give effect (to Continuing Employees and their eligible dependents), in determining any deductible and maximum out-of-pocket limitations under any Buyer Employee Plan for the plan year in which the Closing occurs, to amounts paid or incurred by such Continuing Employee (and his or her eligible dependents) during such year under a comparable Employee Benefit Plan.
Nothing contained herein, express or implied, shall be construed to establish, amend or modify any Employee Benefit Plan, Buyer benefit plan or any other benefit plan, program, agreement or arrangement, or to create an obligation for Buyer to establish or implement any particular employee benefit plan, agreement, policy or arrangement for the Transferred Employees that Buyer does not otherwise provide or make available to its similarly situated employees.
Nothing has occurred with respect to any Employee Benefit Plan described in section 4980B of the Code that could subject either Seller, any Affiliate, or any ERISA Affiliate to a Tax under section 4980B of the Code.
Without limiting the generality of the foregoing, each Continuing Employee shall be immediately eligible to participate, without any waiting time, in any and all Buyer Employee Plans that provide health or welfare benefits to the extent coverage under such Buyer Employee Plan replaces coverage under a comparable Employee Benefit Plan in which such Continuing Employee participated immediately before such replacement.

More Definitions of Employee Benefit Plan

Employee Benefit Plan means any “employee benefit plan” (as such term is defined in ERISA §3(3)) and any other material employee benefit plan, program or arrangement of any kind.

Employee Benefit Plan shall have the meaning specified in Section 3(3) of ERISA.

Employee Benefit Plan means any “employee pension benefit plan” (as defined in Section 3(2) of ERISA), any “employee welfare benefit plan” (as defined in Section 3(1) of ERISA), and any other written or oral plan, agreement or arrangement involving direct or indirect compensation, including insurance coverage, severance benefits, disability benefits, deferred compensation, bonuses, stock options, stock purchase, phantom stock, stock appreciation or other forms of incentive compensation or post-retirement compensation.

Employee Benefit Plan means any employee benefit plan within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA, (a) that is or within the preceding six (6) years has been sponsored, maintained or contributed to by any Loan Party or ERISA Affiliate or (b) to which any Loan Party or ERISA Affiliate has, or has had at any time within the preceding six (6) years, any liability, contingent or otherwise.

Employee Benefit Plan means (a) any employee benefit plan within the meaning of Section 3(3) of ERISA that is maintained for employees of any Credit Party or (b) any Pension Plan or Multiemployer Plan that has at any time within the preceding six (6) years been maintained for the employees of any Credit Party or any current or former ERISA Affiliate.

Employee Benefit Plan means any employee benefit plan within the meaning of Section 3(3) of ERISA maintained or contributed to by the Borrower or any ERISA Affiliate, other than a Multiemployer Plan.

Employee Benefit Plan means an “employee benefit plan” as defined in Section 3(3) of ERISA.