Plans definition
Examples of Plans in a sentence
The Borrower has provided the Administrative Agent with a list of all Plans and Multiemployer Plans and all available information with respect to direct, indirect, or potential withdrawal liability to any Multiemployer Plan of the Borrower or any member of a Controlled Group.
During such period, and subject to the Garden Leave provisions below, You will (i) continue to receive Your Base Salary, (ii) continue to participate in the Annual Bonus Plan, provided, however, that bonus payments, if any, shall be subject to the terms and conditions of the Annual Bonus Plan, and (ii) continue to participate in the Benefit Plans and entitlements set out in Section 3(a), 3(b) and 3(c).
Section 3.19 of the Disclosure Schedule lists each material insurance policy maintained by the Company and its Subsidiaries or to which the Company or a Subsidiary of the Company is a named insured (other than any group welfare insurance policies under Company Plans).
None of Borrower, Mortgage Borrower, Operating Lessee, Pledgor, Pledgee or Pledgee Subsidiaries is a Plan and none of the assets of Borrower, Mortgage Borrower, Operating Lessee, Pledgor, Pledgee or Pledgee Subsidiaries constitute or will constitute, by virtue of the application of 29 C.F.R. §2510.3-101(f) as modified by section 3(42) of ERISA, “Plan Assets” of one or more Plans.
No promises of benefit improvements under the Canadian Pension Plans have been made except where such improvements could not have a Material Adverse Effect.