Seller Benefit Plan definition

Seller Benefit Plan means each Benefit Plan that is maintained, participated in, sponsored or contributed to by Seller of any of its Affiliates (other than the Sold Companies), or with respect to which Seller or any of its Affiliates (other than the Sold Companies) contributes or is obligated to contribute and, in either case, which covers, is entered into by or with and/or provides compensation or benefits to any Business Employees.

Seller Benefit Plan means each Benefit Plan that is not a Transferred Entity Benefit Plan.

Seller Benefit Plan has the meaning set forth in Section 4.8(a).

Examples of Seller Benefit Plan in a sentence

• Each Seller Benefit Plan intended to qualify under Section 401(a) of the Code has received a favorable IRS determination letter or is the form of a prototype or volume submitter plan that is the subject of a favorable advisory or opinion letter from the IRS upon which the adopting employer is entitled to rely.

• Seller has made available to Buyer, with respect to each material Seller Benefit Plan, a copy of the plan document or a summary thereof.

• If in any specific case explicit consent was given to the processing of personal data by saving and publishing the visual material on the website www.vagina.nl, then it is up to the operator to provide specific evidence of this in this procedure.

• True, correct, current and complete copies of each Seller Benefit Plan or where oral, written summaries of the material terms thereof have been made available to Buyer.

• Neither the Buyer nor any of its Affiliates is adopting or assuming, pursuant to this Agreement or otherwise, (i) any Benefit Plan which is sponsored, maintained, contributed to or required to be contributed to by any of the Seller or its Affiliates or with respect to which the Seller or its Affiliates has or could have any liability (“Seller Benefit Plan”) or any liability or obligation to any Seller Benefit Plan, or (ii) any Seller Employee Liability.

More Definitions of Seller Benefit Plan

Seller Benefit Plan means each “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) and each other material benefit or compensation plan, program, policy or arrangement that is maintained, sponsored or contributed to by Seller or the Company and that provides benefits or compensation to any Business Employee.

Seller Benefit Plan shall have the meaning ascribed to it in Section 3.13(b).

Seller Benefit Plan means each Benefit Plan sponsored, maintained or contributed to by Seller or any of its Subsidiaries or with respect to which Seller or any of its Subsidiaries is a party and in which any Employee is or becomes eligible to participate or derive a benefit.

Seller Benefit Plan means any Benefit Plan other than a Purchased Company Benefit Plan.

Seller Benefit Plan means any Benefit Plan for which any Seller Party is or has been the “plan sponsor” (as defined in Section 3(16)(B) of ERISA) or any Benefit Plan any Seller Party maintains or has previously maintained or to which it is obligated to make payments or has or may have any current or future Liability, in each case with respect to any present or former employees of any Seller Party, and any Qualified Plan that was terminated since December 31, 2011.

Seller Benefit Plan means any Benefit Plan other than (a) a Purchased Company Benefit Plan and (b) any Benefit Plan sponsored, maintained or contributed to by a Purchased Non-Consolidated Venture.

Seller Benefit Plan means all employee benefit plans (within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA) and all bonus, stock option, stock purchase, restricted stock, incentive, deferred compensation, retiree health or life insurance, supplemental retirement, superannuation, gratuity, jubilee, provident fund, employment, severance, retention, termination, change in control, welfare, post-employment, profit-sharing, disability, health, vacation, sick leave benefits, fringe benefits or other benefit plans, programs, agreements or arrangements, (a) that are sponsored, maintained, contributed to or required to be maintained or contributed to by Seller or any of its Affiliates, in each case providing benefits to any Business Employee, or (b) under which the Company has any Liability or any obligation to contribute (whether actual or contingent).