Common use of Pension and Benefit Plans Clause in Contracts

Pension and Benefit Plans. (1) Neither Seller nor any ERISA Affiliate has, in the last five (5) years, maintained, established, sponsored, participated in, contributed to, or had or could have any obligation to, any (A) Pension Plan which is subject to Part 3 of Subtitle B of Title I of ERISA, Title IV of ERISA or Section 412 of the Code, or (B) Multiemployer Plan.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Ikanos Communications), Asset Purchase Agreement (Ikanos Communications)

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Pension and Benefit Plans. (1i) Neither Seller nor any ERISA Affiliate has, in for the last five prior six (56) years, ever maintained, established, sponsored, participated in, contributed to, or had had, for the prior six (6) years, or could have any obligation to, any (A) Pension Plan which is subject to Part 3 of Subtitle B of Title I of ERISA, Title IV of ERISA or Section 412 of the Code, or (B) multiple employer plan or to any plan described in Section 413 of the Code, or (C) Multiemployer Plan.;

Appears in 2 contracts

Samples: Asset Purchase Agreement (INPHI Corp), Asset Purchase Agreement (Rambus Inc)

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