Employee Programs. Schedule 3.2(k) sets forth, as of the date of this Agreement: (i) Each "employee benefit plan" as such term is defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), that is covered by ERISA and that is maintained or otherwise contributed to by the Buyer Entities for the benefit of the employees of the Buyer Entities (each a "Plan"), copies or descriptions of which have been furnished or made available to Seller (together with the most recent Annual Report on Form 5500 required to be filed by the Buyer Entities in connection with any Plan); (ii) Each material plan or arrangement not subject to ERISA maintained, or otherwise contributed to, by the Buyer Entities for the benefit of its U.S. employees and providing for deferred compensation, bonuses, stock options, employee insurance coverage or any similar compensation or welfare benefit plan (each a "Benefit Arrangement"), copies or descriptions of which have been furnished or made available to Seller; (iii) Each material plan or arrangement not subject to ERISA maintained, or otherwise contributed to, by the Buyer Entities for the benefit of non-U.S. employees ("Foreign Employees"), other than plans or arrangements required to be maintained, or otherwise contributed to, pursuant to applicable laws or regulations of non-U.S. jurisdictions, that provides for retirement benefits, termination benefits, deferred compensation, bonuses, stock options, employee insurance coverage or any similar compensation or welfare benefit plan (each a "Foreign Plan" and, together with the Plans and Benefit Arrangements, the "Employee Benefit Programs"), copies or descriptions of which have been furnished or made available to Seller; (iv) Each "multiemployer plan" (as such term is defined in Section 3(37) of ERISA) that is contributed to by the Buyer Entities, copies or descriptions of which have been furnished or made available to Seller; and (v) Each written agreement with any employee of any Buyer Entity involving an amount which in the aggregate involves in excess of $500,000 and each collective bargaining agreement to which any Buyer Entity is a party.
Appears in 1 contract
Sources: Preferred Stock Purchase Agreement (Team Rental Group Inc)
Employee Programs. Schedule 3.2(k3.1(k) sets forth, as of the date of this Agreement:
(i) Each "employee benefit plan" as such term is defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), that is covered by ERISA and that is maintained or otherwise contributed to by the Buyer Company Entities for the benefit of the employees of the Buyer Company Entities (each a "Plan"), copies or descriptions of which have been furnished or made available to Seller Buyer (together with the most recent Annual Report on Form 5500 required to be filed by the Buyer Company Entities in connection with any Plan);
(ii) Each material plan or arrangement not subject to ERISA maintained, or otherwise contributed to, by the Buyer Company Entities for the benefit of its U.S. employees and providing for deferred compensation, bonuses, stock options, employee insurance coverage or any similar compensation or welfare benefit plan (each a "Benefit Arrangement"), copies or descriptions of which have been furnished or made available to SellerBuyer;
(iii) Each material plan or arrangement not subject to ERISA maintained, or otherwise contributed to, by the Buyer Company Entities for the benefit of non-U.S. employees ("Foreign Employees"), other than plans or arrangements required to be maintained, or otherwise contributed to, pursuant to applicable laws or regulations of non-U.S. jurisdictions, that provides for retirement benefits, termination benefits, deferred compensation, bonuses, stock options, employee insurance coverage or any similar compensation or welfare benefit plan (each a "Foreign Plan" and, together with the Plans and Benefit Arrangements, the "Employee Benefit Programs"), copies or descriptions of which have been furnished or made available to SellerBuyer;
(iv) Each "multiemployer plan" (as such term is defined in Section 3(37) of ERISA) that is contributed to by the Buyer Entities, copies or descriptions of which have been furnished or made available to Seller; and
(v) Each written agreement with any employee of any Buyer Entity involving an amount which in the aggregate involves in excess of $500,000 and each collective bargaining agreement to which any Buyer Entity is a party.
Appears in 1 contract