Progressive Plan definition

Progressive Plan means each bonus, deferred compensation, incentive compensation, stock purchase, stock option, severance pay, medical, life or other insurance, profit-sharing, or pension plan, program, agreement or arrangement, and each other employee benefit plan, program, agreement or arrangement, sponsored, maintained or contributed to or required to be contributed to by Progressive or by an ERISA Affiliate for the benefit of any employee or director or former employee or former director of Progressive or any ERISA Affiliate of Progressive.
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Examples of Progressive Plan in a sentence

  • Each Progressive Plan has been operated and administered in all material respects in accordance with its terms and applicable laws, including but not limited to ERISA and the Code.

  • No reportable event under Section 4043 of ERISA has occurred with respect to any Progressive Plan on or before the Closing Date other than any reportable event occurring by reason of the transactions contemplated by this Agreement or a reportable event for which the requirement of notice to the Pension Benefit Guaranty Corporation has been waived.

  • Each Progressive Plan that is intended to satisfy the requirements of Section 125 or 501(c)(9) of the Code satisfies such requirements in all material respects.

  • There are no pending or threatened audits, examinations or investigations by any governmental body, commission or agency involving any Progressive Plan.

  • There is no judgment, decree, injunction, rule or order of any court, governmental body, commission, agency or arbitrator outstanding against or in favor of any Progressive Plan or any fiduciary thereof (other than rules of general applicability).