Common use of Benefit Arrangement Clause in Contracts

Benefit Arrangement. BENEFIT ARRANGEMENT" shall mean any employment, consulting, severance or other similar contract, arrangement or policy and each plan, arrangement (written or oral), program, agreement or commitment providing for insurance coverage (including without limitation any self-insured arrangements), workers' compensation, disability benefits, fringe benefits, supplemental unemployment benefits, vacation benefits, retirement benefits, life, health, disability or accident benefits (including without limitation any "voluntary employees' beneficiary association" as defined in SECTION 501(c)(9) of the Code providing for the same or other benefits) or for deferred compensation, profit-sharing bonuses, stock options, restricted stock, stock appreciation rights, stock purchases or other forms of incentive compensation or post-retirement insurance, compensation or benefits which (A) is not a Welfare Plan, Pension Plan or Multiemployer Plan, (B) is entered into, maintained, contributed to or required to be contributed to, as the case may be, by the Company, and (C) covers any employee or former employee of the Company or any ERISA Affiliate (with respect to their relationship with such entity).

Appears in 1 contract

Samples: Escrow Agreement (Federal Data Corp /Fa/)

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Benefit Arrangement. BENEFIT ARRANGEMENT" “Benefit Arrangement” shall mean any material, written employment, consulting, severance or other similar contract, arrangement or policy and each plan, arrangement (written or oral)arrangement, program, agreement or commitment providing for insurance coverage (including without limitation any self-insured arrangements), workers' compensation, disability benefits, fringe benefits, supplemental unemployment benefits, vacation benefits, retirement benefits, life, health, disability or accident benefits (including without limitation any "voluntary employees' beneficiary association" as defined in SECTION Section 501(c)(9) of the Code providing for the same or other benefits) or for deferred compensation, profit-sharing bonuses, stock options, restricted stock, stock appreciation rights, stock purchases or other forms of incentive compensation or post-retirement insurance, compensation or benefits which (A) is not a Welfare Foreign Plan, Multiemployer Plan, Pension Plan or Multiemployer Plan, Welfare Plan or (B) is entered into, maintained, contributed to or required to be contributed to, as the case may be, by the Company, and (C) covers Company or any employee of its Subsidiaries or former employee of under which the Company or any ERISA Affiliate (with respect to their relationship with such entity)of its Subsidiaries may incur any material liability.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Panolam Industries International Inc)

Benefit Arrangement. BENEFIT ARRANGEMENTBenefit Arrangement" shall mean any employment, consulting, severance or other similar contract, arrangement or policy and each plan, arrangement (written or oral), program, agreement or commitment providing for insurance coverage (including without limitation any self-insured arrangements), workers' compensation, disability benefits, fringe benefits, supplemental unemployment benefits, vacation benefits, retirement benefits, life, health, disability or accident benefits (including including, without limitation limitation, any "voluntary employees' beneficiary association" as defined in SECTION 501(c)(9) of the Code providing for the same or other benefits) or for deferred compensation, profit-sharing bonuses, stock options, restricted stock, stock appreciation rights, stock purchases or other forms of incentive compensation or post-retirement insurance, compensation or benefits which (A) is not a Welfare Plan, Pension Plan or Multiemployer Plan, (B) is entered into, maintained, contributed to or required to be contributed to, as the case may be, by the Company, any Subsidiary or any ERISA Affiliate and (Cc) covers any employee or former employee of the Company or any ERISA Affiliate (with respect to their relationship with such entity)Subsidiary.

Appears in 1 contract

Samples: Stock Purchase Agreement (Primark Corp)

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Benefit Arrangement. BENEFIT ARRANGEMENTBenefit Arrangement" shall mean any employment, consulting, severance or other similar contract, arrangement or policy and each plan, arrangement (written or oral), program, agreement or commitment providing for insurance coverage (including without limitation any self-insured arrangements), workers' compensation, disability benefits, fringe benefits, supplemental unemployment benefits, vacation benefits, retirement benefits, life, health, disability or accident benefits (including without limitation any "voluntary employees' beneficiary association" as defined in SECTION Section 501(c)(9) of the Code providing for the same or other benefits) or for deferred compensation, profit-sharing bonuses, stock options, restricted stock, stock appreciation rights, stock purchases or other forms of incentive compensation or post-retirement insurance, compensation or benefits which (A1) is not a Welfare Plan, Pension Plan or Multiemployer Plan, (B2) is entered into, maintained, contributed to or required to be contributed to, as the case may be, by the CompanyAEL or any ERISA Affiliate, and (C) covers any employee or former employee of the Company AEL or any ERISA Affiliate (with respect to their relationship with any such entity).

Appears in 1 contract

Samples: Agreement and Plan of Reorganization (Ael Industries Inc)

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