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This excerpt taken from the VRSN 8-K filed Jun 7, 2006. 5.12 ERISA Compliance. (a) Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state Laws. Each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination letter from the IRS or an application for such a letter is currently being processed by the IRS with respect thereto and, to the best knowledge of the Company, nothing has occurred which would prevent, or cause the loss of, such qualification. The Company and each ERISA Affiliate have made all required contributions to each Plan subject to Section 412 of the Code, and no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan, provided that any such contributions, applications for funding waivers, or extensions that have been made would not result in or could not reasonably be expected to result in a Material Adverse Effect. (b) There are no pending or, to the best knowledge of the Company, threatened claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect.
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(c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded Pension Liability; (iii) neither the Company nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (iv) neither the Company nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) neither the Company nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA, provided that in each of the preceding instances, the individual event described has resulted or could reasonably be expected to result in a Material Adverse Effect. 5.13 Material Domestic Subsidiaries; Equity Interests. As of the Closing Date, the Company has no Material Domestic Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13. As of the Closing Date, the Company has no equity investments in any other Person other than (i) those specifically disclosed in Part (b) of Schedule 5.13, and (ii) investments in Subsidiaries, and (iii) other equity Investments having a book value individually of less than $10,000,000. |
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