“Contract” means any contract, agreement, license, lease, guaranty, indenture, sales or purchase order or other legally binding commitment in the nature of a contract, whether written or oral.
“Covered Indebtedness” means Indebtedness (a) for borrowed money of any Purchased Company, (b) that is guaranteed by any Purchased Company or (c) that is secured by an Encumbrance on any asset or property of any Purchased Company.
“COVID-19 Actions” means any actions required by applicable quarantine, “shelter in place,” “stay at home,” workforce reduction, social distancing, shut down, closure, sequester or any other similar Laws or regulations by any Governmental Authority, in each case, in response to COVID-19, including the CARES Act.
“Employee Benefit Plan” means (a) each employee benefit plan as such term is defined in Section 3(3) of ERISA (regardless of whether such plan is subject to ERISA), (b) each employment, termination, severance or similar contract, plan, policy, program or arrangement, and (c) each other plan, program, policy, agreement or arrangement providing welfare (including, but not limited to, health, dental, vision, life and disability), post-retirement health and life insurance benefits, death or survivor benefit, fringe benefit, cafeteria, flex spending, tuition, adoption, dependent or employee assistance, pension, supplemental pension, retirement benefits, savings, sick leave, vacation or paid time off benefits, or supplemental unemployed benefit, and (c) each profit-sharing, bonus, commission, incentive or deferred compensation, excess benefit, retention, severance, change in control, phantom equity, equity, equity appreciation, other equity-based compensation, or other compensation or benefit plan, program, policy, agreement or arrangement, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, registered or unregistered, in each case, (x) for the benefit of current or former Service Providers (or any spouses, dependents or beneficiaries thereof), or (y) that is maintained, sponsored, administered, or contributed to by a Purchased Company or (z) under which a Purchased Company has any liability or contingent liability. Notwithstanding the foregoing, “Employee Benefit Plan” will not include any statutory employee benefit plan that is required to be provided under applicable Law (other than the Laws of the United States) and maintained by any Governmental Authority including, the Canada Pension Plan, the Québec Pension Plan, any health or drug plan established and administered by a Province in Canada, and workers’ compensation insurance provided by a Governmental Authority.
“Encumbrances” means options, pledges, security interests, liens, mortgages, charges, easements, encroachments, title defects (or similar irregularities), rights of first refusal or offer, claims or other encumbrances or restrictions (including any restriction on the voting of any security or restriction on the transfer, use or ownership of any security or other asset).
“Environmental Laws” means (a) Laws relating to Releases or threatened Releases of, or exposure to, pollutants, contaminants, chemicals or wastes; (b) Laws relating to the generation, manufacture, distribution, labeling, migration, use, treatment, storage, disposal or transport of pollutants, contaminants, chemicals or wastes; and (c) Laws otherwise relating to the protection of the environment or protection of health and safety (to the extent relating to Hazardous Substances).
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