Pension Benefit Plans. Neither the Company nor any ERISA Affiliate is or ever has been a sponsor or obligated to contribute to any plan covered by Title IV of ERISA or Section 412 of the Code, or any "multiemployer plan," within the meaning of Section 3(37) of ERISA. Each of the Company Plans which is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination letter from the IRS, and has been operated substantially in accordance with its terms and with the provisions of the Code.
Appears in 2 contracts
Samples: Paac Purchase Agreement (Hallmark Financial Services Inc), Purchase Agreement (Hallmark Financial Services Inc)
Pension Benefit Plans. Neither the Company Sellers nor any ERISA Affiliate is or ever has been was a sponsor or obligated to contribute to any plan covered by Title IV of ERISA or Section 412 of the CodeCode (other than the Cash Balance Plan), or any "multiemployer plan," within the meaning of Section 3(37) of ERISA. Each of the Company Seller Plans which is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination letter from the IRS, and has been operated substantially in accordance with its terms and with the provisions of the Code.
Appears in 2 contracts
Samples: Purchase Agreement (Hallmark Financial Services Inc), Purchase Agreement (Hallmark Financial Services Inc)
Pension Benefit Plans. Neither the any Company nor any ERISA Affiliate is or ever has been a sponsor or obligated to contribute to any plan covered by Title IV of ERISA or Section 412 of the Code, or any "multiemployer plan," within the meaning of Section 3(37) of ERISA. Each of the Company Plans which is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination letter from the IRS, and has been operated substantially in accordance with its terms and with the provisions of the Code.
Appears in 1 contract
Samples: Purchase Agreement (Hallmark Financial Services Inc)
