U.S. Employee Benefit Plan definition

U.S. Employee Benefit Plan means any employee benefit plan (as such term is defined in Section 3(3) of ERISA) and any other material employee benefit plan, program or arrangement that is maintained, sponsored or contributed to by any Seller or any of their affiliates for the benefit of US Employees.
U.S. Employee Benefit Plan means any employee benefit plan as defined in Section 3(3) of ERISA and any other similar material written fringe benefit, incentive, bonus, employment, retention, change in control, termination or severance plan, program, fund, agreement or arrangement, whether or not subject to ERISA, maintained (or contributed to or required to be contributed to) by the U.S. Subsidiary or any Group Company, or any of their respective Affiliates, in which any U.S. Employee or former U.S. Employee participates or is a party, but excluding any rights pursuant to Applicable Law or customary employment arrangements;
U.S. Employee Benefit Plan has the meaning set forth in Section 3.21(a).

Examples of U.S. Employee Benefit Plan in a sentence

  • Seller has made available to each Purchaser a copy (or, with respect to any unwritten arrangement, a description) of each material U.S. Employee Benefit Plan and Non-U.S. Employee Benefit Plan that provides benefit coverage to Business Employees or Indian Subsidiary Employees, the latest summary plan description and the most recent IRS determination letter, if applicable (each of which is listed on Schedule 3.13(a)).

  • There do not exist any pending claims (other than routine claims for benefits), suits, actions, disputes, audits or investigations with respect to any U.S. Employee Benefit Plan.

  • Each U.S. Employee Benefit Plan is and for the past three years has been funded, administered and maintained, in form and operation, in all material respects in accordance with its terms and the applicable requirements of ERISA, the U.S. Internal Revenue Code of 1986, as amended ( Code) and other applicable laws .

  • Each U.S. Employee Benefit Plan that is intended to meet the requirements of a “qualified plan” under Section 401(a) of the Code has received a favourable determination letter from the Internal Revenue Service or is in the form of a prototype document that is the subject of a favourable opinion letter from the Internal Revenue Service, and no events have occurred that could reasonably be expected to revocation of such plan's qualified status.

  • All contributions, premiums or other payments from the Navitas Group required to have been made have been accrued or paid on a timely basis with respect to eachU.S. Employee Benefit Plan in accordance with the terms of the such U.S. Employee Benefit Plan.


More Definitions of U.S. Employee Benefit Plan

U.S. Employee Benefit Plan means each Employee Benefit Plan (as defined in Section 1.1) that is maintained by a United States entity primarily to provide compensation or benefits to persons working in the United States in the operations of the US DAT Business and/or BFS. Section 3.21(a) of the Disclosure Schedule lists each Employee Benefit Plan. Sellers have furnished to Buyer with respect to each Employee Benefit Plan (to the extent applicable thereto) true, correct and complete copies of: (i) all documents embodying such Employee Benefit Plan (including all amendments thereto), if such Employee Benefit Plan is sponsored by an Acquired Subsidiary, or a written description of such Employee Benefit Plan, if such Employee Benefit Plan is not sponsored by an Acquired Subsidiary; (ii) the most recent annual report (Form 5500 series and all schedules and financial statements attached thereto) filed; and (iii) the most recent determination, opinion or advisory letter, as applicable, issued by the United States Internal Revenue Service (“IRS”) with respect to such U.S. Employee Benefit Plan. None of the U.S. Employee Benefit Plans is sponsored by BFS, and it is the intent of the parties to this transaction that the Buyer will not assume any liabilities related to, or otherwise become obligated under, any of the U.S. Employee Benefit Plans.
U.S. Employee Benefit Plan shall have the meaning set forth in Section 2.15(a).
U.S. Employee Benefit Plan means each material "employee benefit plan" (as defined in Section 3(3) of ERISA) as of the date hereof, each material employment, severance or similar contract, plan, practice or policy providing for compensation, bonuses, profit-sharing, stock option or other stock related rights or other forms of incentive or deferred compensation, vacation benefits, insurance (including any self-insured arrangements), health or medical benefits, loans, employee assistance program, disability or sick leave benefits, workers' compensation, supplemental unemployment benefits, severance benefits and post-employment or retirement benefits (including compensation, pension, health, medical or life insurance benefits) which is maintained, sponsored, administered or contributed to (on a contingent basis or otherwise) by Seller or any ERISA Affiliate of Seller and covers any U.S. employees or former U.S. employees of Seller or any of its Subsidiaries, and with respect to which Seller or any of its Subsidiaries has any liability.
U.S. Employee Benefit Plan shall have the meaning set forth in Section 4.13(b).
U.S. Employee Benefit Plan means any retirement, group health, severance, other welfare, change of control, retention, equity purchase, equity option, restricted equity, phantom equity, equity appreciation rights, bonus, incentive, fringe benefit or other employee benefit, or compensatory plan, program, policy, practice, contract, or fund (including any “Employee Benefit Plan,” as defined in Section 3(3) of ERISA), or any employment, consulting or personal services contract, or letter, whether written or oral, funded or unfunded or domestic or foreign (except for those terminable at-will without severance or other similar cost or Liability),
U.S. Employee Benefit Plan means any retirement, pension, profit sharing, deferred compensation, savings, cafeteria, medical, dental, vision, hospitalization, life insurance, accidental death and dismemberment, medical expense reimbursement, dependent care assistance, tuition reimbursement, disability, sick pay, holiday, vacation, severance, change of control, fringe benefit or other employee benefit plan, fund, policy, program, contract, arrangement or payroll practice of any kind (including any “employee benefit plan”, as defined in Section 3(3) of ERISA) or any employment, consulting or personal services contract, whether written or oral, qualified or nonqualified, funded or unfunded, or domestic or foreign, (A) sponsored, maintained or contributed to by the Company or to which the Company is a party, (B) covering or benefiting any current or former officer, employee, agent, director or independent contractor of the Company (or any dependent or beneficiary of any such individual), or (C) with respect to which the Company has (or could have) any obligation or liability.
U.S. Employee Benefit Plan means any pension, retirement, profit-sharing, deferred compensation, bonus, incentive, performance, stock option, phantom stock, stock purchase, restricted stock, premium conversion, medical, hospitalisation, vision, dental or other health life, disability, severance, termination or other employee benefit plan, program, arrangement, agreement or policy (whether written or unwritten) that is subject to the laws of the United States and (i) that benefits any employee or former employee of a Target Company or Subsidiary; (ii) to which any Target Company or Subsidiary contributes, is obligated to contribute to, is a party to or is otherwise bound; or (iii) with respect to which any Target Company or Subsidiary has any liability.