Existing Plans. Except for the Existing Plans, none of the ESELCO Companies maintain, nor is bound by, any Employee Benefit Plan. All of the Existing Plans are in compliance in all material respects with ERISA, the Code and all other applicable Laws. All of the Existing Plans which are intended to meet the requirements of Section 401(a) or 403(a) of the Code have been determined to be "qualified" within the meaning of the Code, and there are no facts which would adversely affect the qualified status of any of such Existing Plans.
Appears in 2 contracts
Sources: Agreement and Plan of Reorganization (Eselco Inc), Agreement and Plan of Reorganization (Eselco Inc)