Examples of Company Benefit Plan in a sentence
Employees in this category will not be entitled to participate in, or derive benefit, from any Company Benefit Plan.
In response to the Union's concern, the Company stated that a common-law spouse of the opposite sex would be considered a spouse for purposes of the application of Paragraph Section 20.01(b) provided that the employee had been co-habiting and residing publicly with the common-law spouse for one year as of the time the death occurred and was shown as the employee's spouse on Company Benefit Plan records.
Notwithstanding the foregoing, nothing contained in this Section 6.08(a) shall (i) prevent the amendment or termination of any Company Benefit Plan in accordance with its terms, or interfere with the right or obligation of Parent or the Surviving Entity to make such changes as are necessary to conform with applicable Law or (ii) limit the right of Parent or the Surviving Entity to terminate the employment of any employee at any time.
Each material Company Benefit Plan and material Company Benefit Agreement has been administered in compliance with its terms and applicable Law and the terms of any applicable collective bargaining agreements.
The parties hereto acknowledge that certain payments have been made or are to be made and certain benefits have been granted or are to be granted according to employment compensation, severance and other employee benefit plans of the Company, including the Company Benefit Plan (collectively, the “ Arrangements”) to certain holders of Company Common Stock and other securities of the Company (the “Covered Securityholders”).