MDA Plans definition
Examples of MDA Plans in a sentence
In such offers, Can AcquisitionCo shall recognize, to the extent previously recognized by MDA, the service of the Richmond Employees for all purposes and shall recognize all terms of service, employment or consulting agreements, vacation and severance obligations and accruals and benefits under any MDA Plans.
There are no actions, suits, claims (other than routine claims for payment of benefits in the ordinary course), trials, demands, investigations, arbitrations or other proceedings which are pending or, to MDA’s knowledge, threatened in respect of any of the MDA Plans or their assets and there exists no state of facts which after notice or lapse of time or both could reasonably be expected to give rise to any such action, suit, claim, trial, demand, investigation, arbitration or other proceedings.
For such purpose, Parent shall cause Can AcquisitionCo to recognize the compensation received by the Richmond Employees under the Additional MDA Plans in determining the value of the compensation offered to such employees and establish, effective as of the Closing Date, benefit plans for the Richmond Employees with a value substantially similar in the aggregate to those MDA Plans in which the Richmond Employees participate at the Closing Date as described in Section 4.16 to the MDA Disclosure Letter.
All contributions or premiums required to be made by MDA or an Information Systems Subsidiary, as the case may be, under the terms of each MDA Plan or by applicable Laws have been made in a timely fashion in accordance with applicable Laws and the terms of the MDA Plans except as disclosed in the MDA SRA Documents.
The MDA Disclosure Letter states which of the MDA Plans are subject to the provisions of the United States Employee Retirement Income Security Act of 1974, as amended (“ERISA”).