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.