Heritage Employee definition

Heritage Employee means an employee of Heritage GP, any of the Heritage Entities, or their respective Affiliates, who is employed in the Heritage Business.
View Source

Examples of Heritage Employee in a sentence

  • If you are a ▇▇▇▇▇▇▇▇ Heritage Employee, you will receive a separate handout on your retiree medical eligibility.

  • Nothing in the preceding sentence shall obligate Acquiror to provide or cause to be provided any benefits duplicative to those provided under any Heritage Employee Benefit Plan continued pursuant to subparagraph (a) above.

  • Except as otherwise provided in this Agreement, the power of Acquiror or any Heritage or Acquiror Subsidiary to amend or terminate any benefit plan or program, including any Heritage Employee Benefit Plan shall not be altered or affected.

  • There has occurred no "prohibited transaction" (as defined in Section 406 of ERISA or Section 4975 of the IRC) with respect to the Heritage Employee Plans which is likely to result in the imposition of any penalties or taxes upon Heritage or any of its Subsidiaries under Section 502(i) of ERISA or Section 4975 of the IRC.

  • All payments and other compensation paid or payable by Heritage or any of its Subsidiaries under this Agreement, any Heritage Employee Benefit Plan or otherwise, to or for the benefit of any employee or director of Heritage or any of its Subsidiaries, are in compliance with all applicable rules, regulations and bulletins promulgated by the Federal Deposit Insurance Corporation.

  • All of the Heritage Employee Plans comply in all material respects with all applicable requirements of ERISA, the IRC and other applicable laws.

  • Except as disclosed in Schedule 3.28(b), none of the Heritage Plans provides for or promises retiree medical, disability or life insurance benefits to any current or former Heritage Employee, officer or director of Heritage GP or any Heritage Entity.

  • There has been no announcement or commitment by Heritage or any --------------- of its Subsidiaries to create an additional Heritage Employee Plan, or to amend any Heritage Employee Plan, except for amendments required by applicable law which do not materially increase the cost of such Heritage Employee Plan.

  • Prior to the Effective Time, SouthBanc and Heritage shall cooperate in reviewing, evaluating and analyzing the SouthBanc Employee Plans and the Heritage Employee Plans with a view toward developing appropriate New Benefit Plans.

  • All payments and other compensation paid or payable by Heritage or any of its Subsidiaries under this Agreement, any Heritage Employee Benefit Plan or otherwise, to or for the benefit of any employee or director of Heritage or any of its Subsidiaries, are in compliance with all 23 applicable rules, regulations and bulletins promulgated by the Federal Deposit Insurance Corporation.