Plans and Arrangements Sample Clauses

Plans and Arrangements. The Prema Properties Disclosure Letter sets forth a true, complete and correct list of all Employee Benefit Plans and all Benefit Arrangements to which Prema Properties is a party or to which Prema Properties is obligated to contribute. None of the Employee Benefit Plans to which Prema Properties or any ERISA Affiliate of Prema Properties is a party, which Prema Properties or any ERISA Affiliate of Prema Properties sponsors or maintains or to which Prema Properties or any ERISA Affiliate of Prema Properties contributes is subject to the requirements of Section 302 of ERISA or Section 412 of the Code. (b)

Plans and Arrangements. Purchase Payments for a tax-deferred annuity contract (including salary reduction contributions) may be made by an employer for employees under annuity plans adopted by public educational organizations and certain organizations which are tax exempt under Section 501 (c) (3) of the Code. Within statutory limits ($15,500 in 2007), such salary reduction contributions are not currently includable in the gross income of the participants. Additional "catch-up contributions" may be made by individuals age 50 or over. Increases in the value of the Contract attributable to these Purchase Payments are similarly not subject to current taxation. Instead, both the contributions to the tax- sheltered annuity and the income in the Contract are taxable as ordinary income when distributed. An additional tax of 10% will apply to any taxable distribution received by the participant before the age of 59 1/2, except when due to death, disability, or as part of a series of payments for life or life expectancy, or made after the age of 55 with separation from service. There are other statutory exceptions that may apply in certain situations. Amounts attributable to salary reductions made to a tax-sheltered annuity and income thereon may not be withdrawn prior to attaining the age of 59 1/2, severance from employment, death, total and permanent disability, or in the case of hardship as defined by federal tax law and regulations. Hardship withdrawals are available only to the extent of the salary reduction contributions and not from the income attributable to such contributions. These restrictions do not apply to assets held generally as of December 31, 1988. Distributions must begin by April 1st of the calendar year following the later of the calendar year in which the participant attains the age of 70 1/2 or the calendar year in which the Participant retires. Certain other mandatory distribution rules apply at the death of the participant. Certain distributions, including most partial or full redemptions or "term-for- years" distributions of less than 10 years, are eligible for direct rollover to another 403 (b) contract, certain qualified plans or to an Individual Retirement Arrangement (IRA) without federal income tax or withholding. To the extent an eligible rollover distribution is not directly rolled over to another 403 (b) contract, an IRA or eligible qualified contract, 20% of the taxable amount must be withheld. In addition, current tax may be avoided on eligible rollove...

Plans and Arrangements. The Rocky Mountain II Disclosure Letter sets forth a true, complete and correct list of all Employee Benefit Plans and all Benefit Arrangements to which Rocky Mountain II or any of its ERISA Affiliates is a party or to which Rocky Mountain II or any of its ERISA Affiliates is obligated to contribute. None of the Employee Benefit Plans to which Rocky Mountain II or any ERISA Affiliate of Rocky Mountain II is a party, which Rocky Mountain II or any ERISA Affiliate of Rocky Mountain II sponsors or maintains or to which Rocky Mountain II or any ERISA Affiliate of Rocky Mountain II contributes is subject to the requirements of Section 302 of ERISA or Section 412 of the Code and no liability under Title IV of ERISA (whether to the PBGC or otherwise) has been incurred by Rocky Mountain II or any of its ERISA Affiliates.

Plans and Arrangements. The Miracle Industries Disclosure Letter sets forth a true, complete and correct list of all Employee Benefit Plans and all Benefit Arrangements to which Miracle Industries, Hydro-Spray, Indy Ventures or any of their ERISA Affiliates is a party or to which Miracle Industries, Hydro-Spray, Indy Ventures or any of their ERISA Affiliates is obligated to contribute. None of the Employee Benefit Plans to which Miracle Industries, Hydro- Spray, Indy Ventures or any of their ERISA Affiliates is a party, which Miracle Industries, Hydro- Spray, Indy Ventures or any of their ERISA Affiliates sponsors or maintains or to which Miracle Industries, Hydro-Spray, Indy Ventures or any of their ERISA Affiliates contributes is subject to the requirements of Section 302 of ERISA or Section 412 of the Code and no liability under Title IV of ERISA (whether to the PBGC or otherwise) has been incurred by Miracle Industries, Hydro-Spray, Indy Ventures or any of their ERISA Affiliates.

Plans and Arrangements. The ▇▇▇▇▇▇▇ Car Wash Disclosure Letter sets forth a true, complete and correct list of all Employee Benefit Plans and all Benefit Arrangements to which ▇▇▇▇▇▇▇ Car Wash or any of its ERISA Affiliates is a party or to which ▇▇▇▇▇▇▇ Car Wash or any of its ERISA Affiliates is obligated to contribute. None of the Employee Benefit Plans to which ▇▇▇▇▇▇▇ Car Wash or any ERISA Affiliate of ▇▇▇▇▇▇▇ Car Wash is a party, which ▇▇▇▇▇▇▇ Car Wash or any ERISA Affiliate of ▇▇▇▇▇▇▇ Car Wash sponsors or maintains or to which ▇▇▇▇▇▇▇ Car Wash or any ERISA Affiliate of ▇▇▇▇▇▇▇ Car Wash contributes is subject to the requirements of Section 302 of ERISA or Section 412 of the Code and no liability under Title IV of ERISA (whether to the PBGC or otherwise) has been incurred by ▇▇▇▇▇▇▇ Car Wash or any of its ERISA Affiliates.

Plans and Arrangements. The Lube Ventures Disclosure Letter sets forth a true, complete and correct list of all Employee Benefit Plans and all Benefit Arrangements to which Lube Ventures or any of its ERISA Affiliates is a party or to which Lube Ventures or any of its ERISA Affiliates is obligated to contribute. None of the Employee Benefit Plans to which Lube Ventures or any ERISA Affiliate of Lube Ventures is a party, which Lube Venture or any ERISA Affiliate of Lube Ventures sponsors or maintains or to which Lube Ventures or any ERISA Affiliate of Lube Ventures contributes is subject to the requirements of Section 302 of ERISA or Section 412 of the Code and no liability under Title IV of ERISA (whether to the PBGC or otherwise) has been incurred by Lube Ventures or any of its ERISA Affiliates.

Plans and Arrangements. The Miracle Partners Disclosure Letter sets forth a true, complete and correct list of all Employee Benefit Plans and all Benefit Arrangements to which Miracle Partners or any of its ERISA Affiliates is a party or to which Miracle Partners or any of its ERISA Affiliates is obligated to contribute. None of the Employee Benefit Plans to which Miracle Partners or any ERISA Affiliate of Miracle Partners is a party, which Miracle Partners or any ERISA Affiliate of Miracle Partners sponsors or maintains or to which Miracle Partners or any ERISA Affiliate of Miracle Partners contributes is subject to the requirements of Section 302 of ERISA or Section 412 of the Code and no liability under Title IV of ERISA (whether to the PBGC or otherwise) has been incurred by Miracle Partners or any of its ERISA Affiliates.

Plans and Arrangements. The WE JAC Disclosure Letter sets forth a true, complete and correct list of all Employee Benefit Plans and all Benefit Arrangements to which WE JAC or any of its Subsidiaries or ERISA Affiliates is a party or to which WE JAC or any of its Subsidiaries or ERISA Affiliates is obligated to contribute. None of the Employee Benefit Plans to which WE JAC or any ERISA Affiliate of WE JAC is a party, which WE JAC or any ERISA Affiliate of WE JAC sponsors or maintains or to which WE JAC or any ERISA Affiliate of WE JAC contributes is subject to the requirements of Section 302 of ERISA or Section 412 of the Code. (b)

Plans and Arrangements. Schedule 5.12(a) sets forth a true, complete and correct list of all Employee Benefit Plans and all Benefit Arrangements, and any amendments thereto, to which Telos is a party or to which Telos is obligated to contribute on behalf of the Employees. No plan has incurred any accumulated funding deficiency (as defined in section 412(a) of the Code or section 302 of ERISA), whether or not waived, nor has Telos and/or any of its ERISA Affiliates failed to make any contribution or pay any amounts due and owing as required by the terms of any such plan.