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ERISA Affiliates definition

ERISA Affiliatesmeans, with respect to any entity, trade or business, any other entity, trade or business that is a member of a group described in Section 414(b), (c), (m) or (o) of the Code or Section 4001(b)(1) of ERISA that includes the first entity, trade or business, or that is a member of the same �controlled group� as the first entity, trade or business pursuant to Section 4001(a)(14) of ERISA.
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ERISA Affiliatesmeans all members of the group of corporations and trades or businesses (whether or not incorporated) which, together with the Seller, are treated as a single employer under Section 414 of the Code.
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ERISA Affiliatesmeans, with respect to the Company, any member of any group of organizations described in Sections 414(b), (c), (m) or (o) of the Internal Revenue Code of 1986, as amended, and the regulations and published interpretations thereunder (the “Code�) of which the Company is a member. No �reportable event� (as defined under ERISA) has occurred or is reasonably expected to occur with respect to any �employee benefit plan� established or maintained by the Company, or any of its ERISA Affiliates. No “employee benefit plan� established or maintained by the Company or any of its ERISA Affiliates, if such “employee benefit plan� were terminated, would have any �amount of unfunded benefit liabilities� (as defined under ERISA). Neither the Company nor any of its ERISA Affiliates has incurred or reasonably expects to incur any liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any “employee benefit plan� or (ii) Sections 412, 4971, 4975 or 4980B of the Code. Each “employee benefit plan� established or maintained by the Company or any of its ERISA Affiliates that is intended to be qualified under Section 401(a) of the Code is so qualified and nothing has occurred, whether by action or failure to act, which would cause the loss of such qualification.
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Examples of ERISA Affiliates in a sentence

  • There is no liability in respect of post-retirement health and medical benefits for retired employees of the Company or any of its ERISA Affiliates, other than medical benefits required to be continued under applicable law.

  • The present value of the aggregate benefit liabilities under each Pension Plan sponsored, maintained or contributed to by the Company, any of its Subsidiaries or any of their ERISA Affiliates (determined as of the end of the most recent plan year on the basis of the actuarial assumptions specified for funding purposes in the most recent actuarial valuation for such Pension Plan), did not exceed the aggregate current value of the assets of such Pension Plan.

  • Borrower does not maintain or contribute to any Benefit Plan, and except as would not reasonably be expected to constitute a Material Adverse Change, none of its ERISA Affiliates maintains or contributes to any Benefit Plan.

  • As of the most recent valuation date for each Multiemployer Plan for which the actuarial report is available, the potential liability of the Company, its Subsidiaries and their respective ERISA Affiliates for a complete withdrawal from such Multiemployer Plan (within the meaning of Section 4203 of ERISA), when aggregated with such potential liability for a complete withdrawal from all Multiemployer Plans, based on information available pursuant to Section 4221(e) of ERISA is zero.

  • The Company, each of its Subsidiaries and each of their respective ERISA Affiliates are in compliance with all applicable provisions and requirements of ERISA and the Internal Revenue Code and the regulations and published interpretations thereunder with respect to each Employee Benefit Plan, and have performed all their obligations under each Employee Benefit Plan.


More Definitions of ERISA Affiliates

ERISA Affiliateshas the meaning set forth in Section 4.20(a).
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ERISA Affiliateshas the meaning set forth in Section 3.1(rr).
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ERISA Affiliatesmeans, collectively, all Credit Parties and all Subsidiaries, and each other Person, trade or business (whether or not incorporated) under common control or treated as a single employer with any Credit Party or any Subsidiary within the meaning of Section 414(b), 414(c) or 414(m) of the Code.
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ERISA Affiliatesof any entity means any other entity that, together with such entity, would be treated as a single employer under Section 414 of the Code;
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ERISA Affiliatesmeans, with respect to the Company, any member of any group of organizations described in Sections 414(b),(c),(m) or (o) of the Code of which the Company is a member. No �reportable event� (as defined under ERISA) has occurred or is reasonably expected to occur with respect to any �employee benefit plan� established or maintained by the Company, or any of its ERISA Affiliates. No “employee benefit plan� established or maintained by the Company or any of its ERISA Affiliates, if such “employee benefit plan� were terminated, would have any �amount of unfunded benefit liabilities� (as defined under ERISA). Neither the Company, nor any of its ERISA Affiliates has incurred or reasonably expects to incur any liability under (i) Title IV of ERISA with respect to termination of, or withdrawal from, any “employee benefit plan� or (ii) Sections 412, 4971, 4975 or 4980B of the Code. Each “employee benefit plan� established or maintained by the Company or any of its ERISA Affiliates that is intended to be qualified under Section 401(a) of the Code is so qualified and nothing has occurred, whether by action or failure to act, which would cause the loss of such qualification.
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ERISA Affiliatesmeans any entity which is under "common control" with the Company, within the meaning of Section 4001(b)(1)
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ERISA Affiliatesmeans any trade or business (whether or not incorporated) that is part of the same controlled group, or under common control with, or part of an affiliated service group that includes, the Company or any of its Subsidiaries within the meaning of Section 414(b), (c), (m) or (o) of the Code.
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