Executive Benefit Plans definition

Executive Benefit Plans means the executive benefit plans and programs to be established by Water Pik pursuant to Section 2.2 that correspond to the respective ATI Executive Benefit Plans.
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Executive Benefit Plans means any plans within the meaning of Sections 4(c) and (d) of this Agreement.
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Executive Benefit Plans means the plans to be established by ElderCare pursuant to Section 2.3 that correspond to the respective Parent Executive Benefit Plans.
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Examples of Executive Benefit Plans in a sentence

  • The Company reserves the right to amend or cancel any Executive Benefit Plans at any time in its sole discretion, subject to the terms of such Executive Benefit Plan and applicable law.

  • Executive shall be entitled to participate in all executive benefit plans, practices, and programs maintained by the Company, as in effect from time to time (collectively, “Executive Benefit Plans”), to the extent consistent with applicable law and the terms of the applicable Executive Benefit Plans.

  • Except as otherwise expressly provided in this Article VI, effective Immediately After the Distribution Date, Teledyne Technologies and the Teledyne Technologies Entities shall assume and be solely responsible for all Benefit Liabilities to or relating to Teledyne Technologies Individuals under all ATI Executive Benefit Plans.

  • Except (i) for Benefit Liabilities arising under the Teledyne Pension Equalization Plan and (ii) as otherwise expressly provided in this Article VI, effective Immediately After the Distribution Date, Water Pik and the Water Pik Entities shall assume and be solely responsible for all Benefit Liabilities to or relating to Water Pik Individuals under all ATI Executive Benefit Plans.

  • Nothing in this Agreement shall prohibit the Company from modifying or terminating any of its Executive Benefit Plans in a manner that does not discriminate between Executive and other executives of the Company.

  • As soon as practicable after the Close of the Distribution Date, ▇▇▇▇-▇▇▇▇▇ shall determine the amount of the liabilities under the ▇▇▇▇-▇▇▇▇▇ Executive Benefit Plans that are payable from the ▇▇▇▇-▇▇▇▇▇ Rabbi Trust as of the Distribution Date and the amount of such liabilities attributable to Transferred Individuals.

  • Effective as of the Close of the Distribution Date, ElderCare shall adopt, cause to be adopted, or shall assume, as applicable, the ElderCare Savings Plan, ElderCare Deferral Plan, ElderCare Bonus Plan, ElderCare Incentive Plan and ElderCare Executive Benefit Plans for the benefit of ElderCare Individuals and other future and former employees of ElderCare and the ElderCare Entities.

  • Except as provided in this Agreement, effective as of the A/L Split Date, ▇▇▇▇ shall assume and be solely responsible for all Liabilities to or relating to ▇▇▇▇ Employees and Former ▇▇▇▇ Employees under all Parent Executive Benefit Plans and ▇▇▇▇ Executive Benefit Plans.

  • Except as provided in this Agreement, effective Immediately after the Distribution Date, ElderCare shall assume and be solely responsible for all liabilities to or relating to ElderCare Individuals under all Parent Executive Benefit Plans.

  • Except as provided in this Agreement, effective as of the Contribution Effective Time, NewCo shall assume and be solely responsible for all Liabilities to or relating to NewCo Employees and Former NewCo Employees under all IAC Executive Benefit Plans and NewCo Executive Benefit Plans.


More Definitions of Executive Benefit Plans

Executive Benefit Plans means the executive benefit and nonqualified plans, programs, Individual Agreements and arrangements, other than Stock Award Plans and Stock Purchase Plans, to be established or assumed by Agere pursuant to Section 2.3 that correspond to the respective Lucent Executive Benefit Plans.
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Executive Benefit Plans means the executive benefit plans and programs to be established by Spinco pursuant to Section 2.2 that correspond to the respective ATI Executive Benefit Plans.
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Executive Benefit Plans when immediately preceded by "AT&T," means the executive benefit and nonqualified plans, programs, and arrangements established, maintained, agreed upon, or assumed by AT&T or an AT&T Entity for the benefit of employees and former employees of AT&T or an AT&T Entity before the Close of the Distribution Date, including the plans listed in Schedule 1. When immediately preceded by "Lucent," Executive Benefit Plans means the executive benefit plans and programs to be established
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Executive Benefit Plans means any plans within the meaning of Sections 4(c) and (d) of this Agreement. (l) "Period" shall mean the two-year period commencing on the date of this Agreement. If the parties hereto agree to any extension of the Period, the term "Period" shall include all such extensions thereof; provided, that the Company shall not be obligated to grant any such extension. (m) "Permanently Disabled" shall mean prevented from performing his obligations hereunder for a period of 120 consecutive days as a result of his physical or mental health, as evaluated by sufficient documentation including doctors' statements. (n) "Stock Options" shall mean any options held by Executive granting him the right to acquire shares of common stock of the Company. (o) "Substantial Breach" shall mean (1) a substantial reduction in the nature or status of Executive's responsibilities hereunder; provided, that it shall not be deemed to be a Substantial Breach if Executive's duties are revised so that he remains an officer but is removed or not reelected as President or as Chief Operating Officer or as a director of the Company; (2) a reduction by the Company in the Base Salary of Executive; (3) the failure by the Company to allow Executive to participate to the full extent in all plans, programs or benefits in accordance with Sections 4(b) to (d), inclusive, hereof; (4) the failure by the Company to pay, distribute or grant any amounts of cash, stock or other compensation to Executive to which he is contractually entitled; or (5) the failure of the Company to maintain its principal offices during the Period in Atlantic, Bergen, Passaic, ▇▇▇▇▇▇ or Essex counties in New Jersey or Rockland county in New York, provided, however, that the Company move and maintain its principal offices through the end of the Period in Bergen, Passaic, ▇▇▇▇▇▇ or Essex counties in New Jersey or Rockland county in New York upon the merger or consolidation with or into another entity. A Substantial Breach shall be deemed to occur only if such Substantial Breach has not been corrected by the Company within two weeks of receipt of notice from Executive of the occurrence of such Substantial Breach, which notice shall specifically set forth the nature of the Substantial Breach.
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Executive Benefit Plans means the executive benefit plans and programs to be established by Avaya pursuant to Section 2.3 that correspond to the respective Lucent Executive Benefit Plans. EXISTING ACQUISITION LOAN is defined in Section 4.2(c)(ii). FIRST TRANSFER DATE is defined in Section 3.2(b).
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Executive Benefit Plans means the executive benefit plans and programs to be established
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Related to Executive Benefit Plans

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

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

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

  • Business Benefit Plan means each Benefit Plan entered into, maintained, sponsored or contributed to by Seller or any of its Subsidiaries or to which Seller or any of its Subsidiaries has any obligation to contribute, or with respect to which Seller or any of its Subsidiaries has any liability, direct or indirect, contingent or otherwise (including a liability arising out of an indemnification, guarantee, hold harmless or similar agreement), in each case with respect to any Business Employee or Former Business Employee or to any beneficiary or dependent thereof.