IPG Plan definition

IPG Plan means each Employee Plan that an IPG Entity, alone and not with Parent or any Affiliate of Parent (other than an IPG Entity) sponsors or maintains for the benefit of any current or former Business Employee.
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Examples of IPG Plan in a sentence

  • Other than routine claims for benefits, there are no material proceedings or claims pending or, to the knowledge of Sellers or Parent, threatened with respect to any IPG Plan, New IPG Plan, or, to the extent it could reasonably be expected to result in Liability to Buyer or any IPG Entity, any Excluded Plan.

  • Parent has made available to Buyer for each IPG Plan listed in Schedule 3.13(a)(i), each material plan document, trust agreement insurance contract, or other funding arrangement and all current summary plan descriptions and for each material Excluded Plan that covers Business Employees, a summary of such Excluded Plan.

  • Except as set forth on Schedule 3.13(c), no IPG Plan or New IPG Plan provides, nor have Sellers, Parent or any IPG Entity promised to provide, life or health insurance benefits to any U.S. Business Employee (or spouse or dependent thereof) beyond such U.S. Business Employee’s termination of employment or service except as required by Section 4980B of the Code or similar U.S. state Law.

  • Parent will make available to Buyer copies of each New IPG Plan as they become available.

  • Parent has previously made available to Buyer true and correct summaries of all material policies of property, liability, workers’ compensation and other forms of insurance owned or held by Parent on behalf of the IPG Entities (not including any IPG Plan or any New IPG Plan).