KNAC LTD Employee Plans definition

KNAC LTD Employee Plans means (a) all severance pay, salary continuation, bonus, incentive, stock option or other equity-based, retirement, pension, profit sharing, deferred compensation, employment, vacation, supplemental retirement, retention, change of control, medical, life insurance, disability plans, programs, agreements, policies, contracts, funds or arrangements of any kind and (b) all other material employee benefit or fringe benefit plans, contracts, programs, agreements, policies, funds or arrangements of any kind; in each case, that are contributed to, sponsored or maintained by KNAC LTD as of the date hereof and that are for the benefit of any present or former employee, director, officer or consultant of KNAC LTD (or any of their dependents, survivors or beneficiaries); other than KNAC LTD Statutory Plans. For greater clarity, KNAC LTD Employee Plans do not include any “employee benefit plans” as defined in ERISA.
Sample 1

Examples of KNAC LTD Employee Plans in a sentence

  • KNAC LTD and KNAC INC (as relevant) have accrued in the Baseline Balance Sheet for all such compensation, benefits and emoluments accrued but not paid on or prior to the Balance Sheet Date, including those arising under the KNAC INC Employee Plans, the Multiemployer Plans, KNAC LTD Statutory Plans and KNAC LTD Employee Plans.

  • None of the KNAC LTD Employee Plans is a “pension plan” within the meaning of the Pension Benefits Act (Ontario) except the MEPP.

Related to KNAC LTD Employee Plans

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • Company Plans has the meaning set forth in Section 3.13(a).

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Employee Plan means an employee benefit plan (other than a Multiemployer Plan) covered by Title IV of ERISA and maintained (or that was maintained at any time during the six (6) calendar years preceding the date of any borrowing hereunder) for employees of any Loan Party or any of its ERISA Affiliates.

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

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "EMPLOYEE BENEFIT PLAN," within the meaning of Section 3(3) of ERISA which is maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Company Plan means all Plans of which the Company or an ERISA Affiliate of the Company is or was a Plan Sponsor, or to which the Company or an ERISA Affiliate of the Company otherwise contributes or has contributed, or in which the Company or an ERISA Affiliate of the Company otherwise participates or has participated. All references to Plans are to Company Plans unless the context requires otherwise.

  • Seller Benefit Plans has the meaning set forth in Section 4.10(a).

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

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • 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.

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

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

  • Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Purchaser Benefit Plans has the meaning set forth in Section 8.7(d).

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • International Employee Plan means each Company Employee Plan that has been adopted or maintained by the Company or any Affiliate, whether informally or formally, or with respect to which the Company or any Affiliate will or may have any liability, for the benefit of Employees who perform services outside the United States;

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).