Seller Employee Benefit Plans definition

Seller Employee Benefit Plans means any Employee Benefit Plan sponsored, maintained or contributed to, or required to be sponsored, maintained or contributed to by Seller, or with respect to which Seller has any actual or contingent liability.
Seller Employee Benefit Plans means Sellers’ pension, savings, profit sharing, retirement, bonus, incentive, health, dental, death, accident, disability, stock purchase, stock option, stock appreciation, stock bonus, other equity, executive or deferred compensation, hospitalization, severance, vacation, cafeteria, sick leave, fringe or welfare benefits, any employment or consulting Contracts, “employee benefit plans” (as defined in Section 3(3) of ERISA), employee manuals, and written policies, practices or understandings relating to employment as applicable to Transferred Employees whether or not collectively bargained.
Seller Employee Benefit Plans shall have the meaning set forth in Section 4.15(a).

Examples of Seller Employee Benefit Plans in a sentence

  • There is, and in the future will be, no liability to Buyer or any of its benefit plans with respect to the Seller Employee Benefit Plans.

  • Except as disclosed on Schedule 4.11.2, Seller has complied, and currently is in compliance, both as to form and operation, in all respects, with the terms of each Seller Employee Benefit Plan and all applicable provisions of each other Law or regulation imposed or administered by any Government Entity with respect to each of the Seller Employee Benefit Plans.

  • Schedule 4.11.1 contains a true and complete list of each Seller Employee Benefit Plans.

  • Employees’ and their dependents’ and beneficiaries’ active participation in and eligibility for benefits under the Seller Employee Benefit Plans (other than vested pension benefits) will cease at Closing.

  • Any reference in this Agreement to one or more Seller Employee Benefit Plans includes provisions, if any, in such plans permitting their termination or amendment and any covenant in this Agreement to provide any Seller Employee Benefit Plans shall not be deemed or construed to limit (subject to Section 6.3(a)) the right of Buyer to terminate or amend such plan in accordance with its terms.


More Definitions of Seller Employee Benefit Plans

Seller Employee Benefit Plans shall have the meaning set forth in Section 5.21(a) hereof;
Seller Employee Benefit Plans has the meaning set forth in (section)3(v) above.
Seller Employee Benefit Plans means each of the Employee Benefit Plans which Seller, or any ERISA Affiliate, sponsors, maintains or contributes to, is required to contribute to, or has or could reasonably be expected to have any Liability of any nature with respect to, whether known or unknown, direct or indirect, fixed or contingent, for the benefit of present or former employees of Seller and/or its ERISA Affiliates.
Seller Employee Benefit Plans has the meaning set forth in Section ----------------------------- 6.20(a).
Seller Employee Benefit Plans is defined in Section 5.20(a).
Seller Employee Benefit Plans means Employee Benefit Plans and any other material employee benefit arrangements or payroll practices, including, without limitation, employment agreements, severance agreements, executive compensation arrangements, incentive programs or arrangements, sick leave, vacation pay, severance pay policies, plant closing benefits, salary continuation for disability, consulting or other compensation arrangements, workers’ compensation, retirement, deferred compensation, bonus, stock purchase, hospitalization, medical insurance, life insurance, tuition reimbursement or scholarship programs, any plans providing benefits or payments in the event of a change of control, change in ownership, or sale of a substantial portion (including all or substantially all) of the assets of any Seller, maintained by any Seller or an ERISA Affiliate, within the last six years, or to which any Seller or an ERISA Affiliate, within the last six years, has contributed or is or was obligated to make payments, in each case with respect to any employees or former employees of any Seller or an ERISA Affiliate.
Seller Employee Benefit Plans is defined in Section 4.17(b).