Subsidiary Benefit Plans definition

Subsidiary Benefit Plans means, collectively, each deferred compensation, bonus, incentive compensation, stock purchase, stock option and other equity or equity-based compensation plan, program, agreement or arrangement; each separation or termination pay, medical, surgical, hospitalization or life insurance plan fund or program, each profit-sharing, stock bonus, pension or other material employee benefit plan, fund, program, agreement or arrangement, in each case, that is, or was within the past six (6) years, sponsored, maintained or contributed to or required to be contributed to by any of Target’s Subsidiaries or to which any of Target’s Subsidiaries is party, whether written or oral, for the benefit of any current or former employee, officer, director or consultant of any of Target’s Subsidiaries.
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Subsidiary Benefit Plans shall have the meaning set forth in Section 3.1(q).
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Subsidiary Benefit Plans has the meaning provided such term in Section 3.12(a).
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Examples of Subsidiary Benefit Plans in a sentence

  • With respect to each of the Subsidiary Benefit Plans, complete and accurate copies of all Subsidiary Benefit Plans and all related trust agreements, insurance contracts, determination letters, annual reports for the last three years for each employee pension benefit plan, as defined in ERISA, the most recent annual report for each employee welfare benefit plan, as defined in ERISA, the most recent actuarial reports and summary plan descriptions, have been made available to the Buyer.

  • Seller shall be responsible for providing benefits in respect of all claims for benefits (other than claims under Purchased Subsidiary Benefit Plans and Assumed Plans) in respect of workers compensation and any comparable liabilities that are based upon Transferred Employees’ injuries or illnesses that arise prior to the Applicable Transfer Time.

  • Seller shall be responsible for providing benefits in respect of all claims for benefits (other than claims under Purchased Subsidiary Benefit Plans and Assumed Benefit Plans) in respect of workers’ compensation and any comparable liabilities that are based upon Business Employees’ injuries or illnesses that arise prior to the Applicable Transfer Time.

  • As of the Applicable Transfer Time, each Transferred Employee shall cease participation in the health and welfare benefit plans (other than, for the avoidance of doubt, Purchased Subsidiary Benefit Plans and Assumed Plans) of Seller and its Affiliates (each, a “Seller Welfare Plan”) and commence participation in the health and welfare benefit plans maintained, administered or contributed to by Buyer and its Subsidiaries.

  • All Benefit Plans sponsored by any Transferred Subsidiary for the benefit of Applicable Employees are hereinafter referred to as “Transferred Subsidiary Benefit Plans”; all U.S. Benefit Plans that are Transferred Subsidiary Benefit Plans, if any, are identified as such on Schedule 3.10(a) (the “U.S. Transferred Subsidiary Benefit Plans”).

  • Seller shall be responsible for providing benefits in respect of all claims for benefits (other than claims under Purchased Subsidiary Benefit Plans) in respect of workers compensation and any comparable liabilities that are based upon Transferred Employees’ injuries or illnesses that arise prior to the Applicable Transfer Time.

  • Section 3.13(a) of the Disclosure Schedule sets forth a complete and accurate list of all Seller Benefit Plans, separately identifying: (i) the Business Subsidiary Benefit Plans and (ii) the non-U.S. jurisdiction applicable to each Foreign Plan (as defined below).

  • As of the Applicable Transfer Time, each Transferred Employee shall cease participation in the health and welfare benefit plans (other than, for the avoidance of doubt, the Purchased Subsidiary Benefit Plans and the Assumed Benefit Plans) of Seller and its Affiliates (each, a “Seller Welfare Plan”) and shall commence participation in the health and welfare benefit plans maintained, administered or contributed to by Buyer and its Subsidiaries.

  • Seller shall be responsible for providing benefits in respect of all claims for benefits (other than claims under Transferred Subsidiary Benefit Plans and Assumed Plans) in respect of workers compensation and any comparable liabilities that are based upon Transferred Employees’ injuries or illnesses that arise prior to the Applicable Transfer Time.

  • All Purchased Subsidiary Benefit Plans are Business Benefit Plans.