CompUSA 2015 Annual Report Download - page 118
Download and view the complete annual report
Please find page 118 of the 2015 CompUSA annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.“EffectiveTime”means12:01a.m.,PacificTimeontheClosingDate.
“ Employee Benefit Plan ” means any employee benefit plan within the meaning of Section 3(3) of ERISA, and all the employee benefit, fringe benefit,
supplementalunemployment benefit,bonus,incentive, profitsharing,termination, changeofcontrol, pension,retirement,savings, stockoption,stockpurchase,
phantomstock,stockappreciation,health,welfare,medical,dental,disability,lifeinsuranceandsimilarplans,programmes,arrangementsorpracticesrelatingto
thecurrentorformeremployees,officersordirectorsofSystemaxortheSellersmaintained,sponsoredorfundedbySystemaxortheSellers,whetherwrittenor
oral,fundedorunfunded,insuredorself-insured,registeredorunregisteredunderwhichSystemaxortheSellersmayhaveanyliabilitycontingentorotherwise,
otherthanbenefitplansestablishedpursuanttostatute.
“Encumbrance”meansanylien,pledge,hypothecation,charge,mortgage,securityinterest,encumbrance,equity,trust,equitableinterest,claim,preference,right
ofpossession,lease,tenancy,license,encroachment,covenant,infringement,interference,Order,proxy,option,rightoffirstrefusal,preemptiveright,community
propertyinterest,legend,defect,impediment,exception,reservation,limitation,impairment,imperfectionoftitle,conditionorrestrictionofanynature(including
anyrestrictiononthevotingofanysecurity,anyrestrictiononthetransferofanysecurityorotherasset,anyrestrictiononthereceiptofanyincomederivedfrom
anyasset,anyrestrictionontheuseofanyassetandanyrestrictiononthepossession,exerciseortransferofanyotherattributeofownershipofanyasset).
“Entity”meansanycorporation(includinganynon-profitcorporation),generalpartnership,limitedpartnership,limitedliabilitypartnership,jointventure,estate,
trustorcompany(includinganylimitedliabilitycompanyorjointstockcompany).
“EnvironmentalClaim”meansanywrittenclaim,action,causeofaction,suit,proceeding,investigation,order,demandornoticebyanyPersonallegingpotential
liability of any Seller (including, without limitation, potential liability for investigatory costs, cleanup costs, governmental response costs, natural resources
damages, property damages, personal injuries, or penalties) arising out of, based on or resulting from (a) thepresence, or release into the environment, of, or
exposureto,anyMaterialofEnvironmentalConcernatanylocation,whetherornotownedoroperatedbySellersor(b)circumstancesformingthebasisofany
violation,orallegedviolation,ofanyEnvironmentalLaw.
“Environmental Laws” means all federal, state, provincial, local and foreign Legal Requirements relating to pollution or protection of human health or the
environment(including,withoutlimitation,ambientair,surfacewater,groundwater,landsurfaceorsubsurfacestrata,andnaturalresources),including,without
limitation,LegalRequirementsrelatingto(i)emissions,discharges,releasesorthreatenedreleasesof,orexposureto,MaterialsofEnvironmentalConcern,(ii)the
manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Materials of Environmental Concern, (iii) recordkeeping,
notification,disclosureandreportingrequirementsregardingMaterialsofEnvironmentalConcern,and(iv)endangeredorthreatenedspeciesoffish,wildlifeand
plantandthemanagementoruseofnaturalresources.
“ERISA”meanstheEmployeeRetirementIncomeSecurityActof1974,asamended.
ExhibitA-Page2