Examples of Liberty Mutual Affiliated Group in a sentence
Agency Markets acknowledges that it is deemed to be a single employer under Section 414(b), and a single “service recipient” under Section 409A of the Code, with the members of the Liberty Mutual Affiliated Group as of the Effective Date, and that violation of the covenant in this Section 5.4 might cause the Liberty Mutual Plans to no longer comply with requirements under Applicable Law.
Nothing in this Agreement shall be construed to limit the ability of Liberty Mutual in its sole discretion to amend, modify or terminate at any time any Liberty Mutual Plan or any other employee benefit or compensation plan or program sponsored by a member of the Liberty Mutual Affiliated Group in any respect, consistent with the terms of such plan or program.
No member of the Liberty Mutual Affiliated Group shall have any responsibility to make any contributions to the Agency Markets Retirement Benefit Plan.
In the event that any member of the Liberty Mutual Affiliated Group is required by Applicable Law to publicly release such Agency Markets Information prior to the public release of Liberty Mutual’s financial information, Liberty Mutual will give Agency Markets notice of such release of Agency Markets Information as soon as practicable, but in any event no later than two (2) days prior to such release of Agency Markets Information.
No member of the Liberty Mutual Affiliated Group shall have any liability for any underfunding in the Agency Markets Retirement Benefit Plan at any time.
Liberty Mutual shall use commercially reasonable efforts to, and shall cause each other member of the Liberty Mutual Affiliated Group to use commercially reasonable efforts to, transfer each Agency Markets Dedicated Employee employed by a member of the Liberty Mutual Affiliated Group as of 12:00 midnight on December 31, 2010 and other mutually agreed employees to a Subsidiary of Agency Markets effective as of 12:01 a.m. on January 1, 2011 (the “Transfer Time”).
Agency markets shall be responsible for any liability of any member of the Liberty Mutual Affiliated Group for underfunding in the Agency Markets Retirement Benefit Plan as mandated under ERISA due to being a controlled group member with Agency Markets.
Unless otherwise specified, references in this agreement to “agent” and “agents” do not refer to independent insurance agents or brokers of any member of the Liberty Mutual Affiliated Group or Agency Markets and its Subsidiaries.
Liberty Mutual further agrees that in the event any member of the Liberty Mutual Affiliated Group terminates such quota shares, Liberty Mutual shall use its reasonable best efforts to provide for an orderly wind-down thereof.
This Section 6.1(n) shall only be applicable in the event that any member of the Liberty Mutual Affiliated Group becomes required to make periodic filings with the SEC.