Seller Benefit Plan definition

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.

Seller Benefit Plan means each Benefit Plan that is not a Transferred Entity Benefit Plan.

Seller Benefit Plan means any Benefit Plan other than a Purchased Company Benefit Plan.

Examples of Seller Benefit Plan in a sentence

• No Seller Benefit Plan is currently being audited by any Governmental Authority for compliance with applicable Laws or has been audited with a determination by any Governmental Authority that the Employee Benefit Plan failed to comply with applicable Laws.

• Seller has not received any communication (written or unwritten) from any Governmental Authority questioning or challenging the compliance of any Seller Benefit Plan with applicable Laws.

• No Seller Benefit Plan is a “defined benefit plan” as defined in Section 3(35) of ERISA.

• A current, accurate and complete copy of each Seller Benefit Plan has been provided to Buyer.

• To Seller’s Knowledge, neither Seller nor any administrator or fiduciary of any Seller Benefit Plan (or any agent of any of the foregoing) has engaged in any transaction, or acted or failed to act in any manner, which could subject Seller or Buyer to any direct or indirect Liability (by indemnity or otherwise) for breach of any fiduciary, co-fiduciary, or other duty under ERISA.

More Definitions of Seller Benefit Plan

Seller Benefit Plan has the meaning set forth in Section 4.8(a).

Seller Benefit Plan means each Employee Benefit Plan sponsored or maintained or required to be sponsored or maintained at any time by the Seller or to which Seller makes or has made, or has or has had an obligation to make, contributions at any time.

Seller Benefit Plan means each Benefit Plan, including any Company Benefit Plan, that (a) is subject to ERISA or is otherwise material and (b) is sponsored, maintained, contributed to, or required to be contributed to by Seller or an Affiliate of Seller (or for which Seller or an Affiliate of Seller otherwise has Liability), in which any Service Provider or former Service Provider participates.

Seller Benefit Plan shall have the meaning ascribed to it in Section 3.13(b).

Seller Benefit Plan means each Employee Benefit Plan sponsored or maintained by the Seller under which any Business Employee has any present or future right to benefits.

Seller Benefit Plan is defined in Section 3.17(a).

Seller Benefit Plan means any employment, severance pay, salary continuation, bonus, incentive, stock option, retirement, pension, profit sharing, retention or deferred compensation plans, or other plans, contracts, programs, funds, or arrangements of any kind (whether or not subject to ERISA), in each case that are sponsored or maintained by the Sellers or any of their respective Affiliates and in which employees or former employees (or their beneficiaries) of Sellers or any of their Affiliates participate.