Employee Plans definition
Examples of Employee Plans in a sentence
No Proceeding with respect to any Company Plan (other than routine claims for benefits or audits required to be filed with a Form 5500 filing) is pending, threatened in writing, or, to the Knowledge of the Company, otherwise threatened (and there are no self-corrections under the IRS Employee Plans Compliance Resolution System (EPCRS) or Department of Labor Voluntary Fiduciary Correction Program (VFCP)).
Sellers shall retain each Employee Plan and any Liabilities arising under such retained Employee Plans shall be Excluded Liabilities.
Sellers shall retain each Employee Plan that is not an Assumed Employee Plan and any Liabilities arising under such retained Employee Plans shall be Excluded Liabilities.
With respect to each Employee Plan, all contributions, premiums and benefit payments due have been timely paid and all such amounts for any period ending on or before the Closing Date that are not yet due under the terms of the Employee Plans or applicable Laws have been timely made or properly accrued on the financial statements of the Company or a Subsidiary thereof, as applicable.