SWY » Topics » 10.10 Employee Benefit Plans .

This excerpt taken from the SWY 8-K filed Jun 7, 2005.

10.10 Employee Benefit Plans.

 

There shall occur any ERISA Event which individually results in or would reasonably be expected to result in liability of Company or any of its ERISA Affiliates in excess of $100,000,000 or, if taken together with all other ERISA Events results in or would reasonably be expected to result in an aggregate liability of Company or any of its ERISA Affiliates in excess of $100,000,000 during the term of this Agreement; or there shall exist an amount of unfunded benefit liabilities (for each Pension Plan and each Foreign Plan which is required to be funded, determined as of the date of the most recent actuarial valuation for such Pension Plan or Foreign Plan and based on the assumptions used in such actuarial valuation for such Pension Plan or Foreign Plan), individually or in the aggregate for all Pension Plans and all Foreign Plans which are required to be funded (excluding for purposes of such computation any such plans with respect to which assets exceed benefit liabilities), which exceeds $100,000,000; or

 

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