Examples of Xxxxxx Benefit Plan in a sentence
There have been no breaches of fiduciary duty by any fiduciary under or with respect to the Xxxxxx Pension Plans or any other Xxxxxx Benefit Plan, and no claim is pending or threatened with respect to any Xxxxxx Benefit Plan other than claims for benefits made in the Ordinary Course of Business.
The election must be made at least 12 months prior to the Benefit Determination Date that would otherwise have been applicable to the Participant’s Retirement Benefit.
As of the Distribution, the service of Cable Employees with any member of the Cable Group or any other employer, as applicable, other than any member of the Xxxxxx Group, shall not be taken into account for any purpose under any Xxxxxx Benefit Plan, except as otherwise specifically provided in this Agreement.
Neither Xxxxxx or any of its subsidiaries have incurred any liability for any tax imposed by Section 4975 of the Code or for any penalty imposed by the Code or by ERISA with respect to the Xxxxxx Pension Plans or any other Xxxxxx Benefit Plan.
There has not been any audit of any Xxxxxx Benefit Plan by the Department of Labor, the IRS or the PBGC since 1990.
Xxxxxx shall give each Xxxxxx Participant full credit for purposes of eligibility, vesting, determination of level of benefits, and, to the extent applicable, benefit accruals under any Xxxxxx Benefit Plan, respectively, for such Xxxxxx Participant’s service with any member of the IDT Group to the same extent such service was recognized by the applicable IDT Benefit Plans; provided, that such service shall not be recognized to the extent that such recognition would result in the duplication of benefits.
No "prohibited transaction" or "reportable event" (as such terms are defined in the Code or ERISA) has occurred with respect to the Xxxxxx Pension Plans or any other employee benefit plan to which Xxxxxx or any of its subsidiaries are a party or by which Xxxxxx or any of its subsidiaries are bound (each hereinafter called a "Xxxxxx Benefit Plan").
Any Xxxxxx dividend equivalent rights associated with any Xxxxxx Restricted Share, Xxxxxx RSU, Xxxxxx DSU or Xxxxxx PSU shall either be paid in cash or treated in the same manner as the award to which such dividend equivalent rights relate in accordance with this Section 2.4, in each case, pursuant to the terms of the relevant Xxxxxx Stock Plan, Xxxxxx Directors’ Plan or other Xxxxxx Benefit Plan immediately prior to the Effective Time.
No Xxxxxx Benefit Plan is maintained outside the jurisdiction of the United States, or covers any employee residing or working outside of the United States.
On and after the Distribution Date, Xxxxxx and FCPT shall, or shall cause each of their respective Affiliates to, make available to each other those of their employees who may reasonably be needed in order to defend or prosecute any legal or administrative action (other than a legal action between Xxxxxx and FCPT) to which any employee or director of the Xxxxxx Group or FCPT Group or Xxxxxx Benefit Plan is a party and which relates to a Xxxxxx Benefit Plan.