Business Employee Benefit Plan means each plan, program or agreement set forth on Section 3.10(b) of the Seller Disclosure Schedule.
Business Employee Benefit Plan means each employee benefit plan (as defined in Section 3(3) of ERISA, whether or not subject thereto) or other compensatory or employee benefit plan, program, agreement or arrangement sponsored, contributed to or maintained by Seller or any of its Affiliates in which any Employee of the Business (or former employee of the Business) participates (or to which any such individual is party), excluding any plan, program, agreement or arrangement required by applicable Law or regulation (e.g., government mandated severance plans).
Business Employee Benefit Plan means any Assumed Benefit Plan or Assumed Benefit Agreement.
Examples of Business Employee Benefit Plan in a sentence
As of the date hereof, there are no material claims or disputes pending, or to the Knowledge of Seller, threatened with respect to any Business Employee Benefit Plan, other than routine claims for benefits in the ordinary course of business.
The Sellers have made available to Buyer a true, complete, and correct copy (or if no copy exists, a description) of each Business Employee Benefit Plan (including any amendments thereto).
Except as otherwise ---------------------------- provided in this Article or by applicable law, the active participation of all Transferred Employees in each Business Employee Benefit Plan shall cease as of the Closing Date and no additional benefits shall be accrued thereunder for such employees.
Nothing contained in this Article 11, express or implied, is intended to constitute an amendment to or any other modification of any Business Employee Benefit Plan, Stock Group Benefit Plan or Assumed Employee Benefit Plan.
Further, this Section 9.3(b) shall not obligate Seller or its Affiliates to provide any severance or similar payments or benefits not otherwise required by the terms of any applicable Business Employee Benefit Plan.
More Definitions of Business Employee Benefit Plan
Business Employee Benefit Plan means each material employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, whether or not subject thereto), sponsored, contributed to or maintained by Seller or any of its Affiliates in which any Employee participates, excluding any plan, program, agreement or arrangement required by applicable Law or regulation (e.g., government mandated severance plans).
Business Employee Benefit Plan means each employee benefit plan (as defined in Section 3(3) of ERISA, whether or not subject thereto), and each other employee benefit or compensatory plan, program, policy, practice, agreement or arrangement (including each individual employment, consulting, severance, transaction, retention and/or change in control agreement or arrangement), in each case, sponsored, contributed to or maintained by Seller or any of its Affiliates, and providing benefits to any Employee of the Business, or any former employee who would be an Employee of the Business if employed on the date hereof or the Applicable Closing Date, or any beneficiary or dependent thereof, excluding any plan, program, agreement or arrangement required by applicable Law or regulation (e.g., government mandated severance plans).
Business Employee Benefit Plan means each employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, whether or not subject thereto) and each other benefit or compensation, deferred compensation, equity or equity-based, incentive, employment, consulting, retention, severance, termination, change in control, transaction, vacation/paid time-off plans, retirement, pension, savings, cafeteria plans, health and welfare, fringe benefit, insurance, hospitalization or similar plan, program, policy, agreement or arrangement, in each case, whether formal or informal or written or unwritten, that is sponsored, contributed to or maintained by Fox or any of its Affiliates or for which Fox or any of its Affiliates has, or is reasonably likely to have, Liability, in each case in which any Employee of the Business or Business Consultant participates or pursuant to which any current or former employee, officer or director of the Transferred Company or any of its Subsidiaries (or any of their spouses, dependents, or beneficiaries) has any present or future right to benefits for which the Transferred Company or any of its Subsidiaries is reasonably likely to have Liability, excluding any plan, program, agreement or arrangement sponsored by a Governmental Entity and pursuant to which Seller is obligated to make contributions.
Business Employee Benefit Plan means each Seller Benefit Plan providing benefits to any Business Employee.
Business Employee Benefit Plan means each Seller Benefit Plan providing or designed to provide any Business Employee (or dependent, beneficiary, designee, assignee or alternate payee of such Business Employee) with compensation or benefits.
Business Employee Benefit Plan means each employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, whether or not subject thereto), or any other compensation, employment or employee benefit plan, program, arrangement, agreement or policy, sponsored, contributed to or maintained by Seller or any of its Affiliates, or to which Seller or any of its Affiliates has any current or contingent liability or obligation, and providing benefits to any Employee of the Business, or any former employee who would be an Employee of the Business if employed on the date hereof or the Applicable Closing Date, excluding any plan, program, agreement or arrangement required by applicable Law (e.g., government mandated severance plans).
Business Employee Benefit Plan means each employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended, whether or not subject thereto) and each other benefit or compensation, profit sharing, deferred compensation, pension, savings, equity or equity-based, incentive, employment, consulting, retention, severance, termination, change in control, fringe benefit, insurance, welfare, post-retirement health or welfare benefit, service award, company car, relocation, sick leave, accrued leave, vacation, commission, payroll practices, or similar plan, program, agreement or arrangement, in each case, that is established, sponsored, contributed to or maintained (or with respect to which any obligation to contribute has been undertaken) by Seller or any of its Affiliates on behalf of any current or former Employee of the Business or their dependents, spouses, or beneficiaries or under which the Transferred Companies have any liability, contingent or otherwise, excluding any plan, program, agreement or arrangement required by applicable Law or regulation (e.g., government mandated severance plans).