CompUSA 2015 Annual Report Download - page 118

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“EffectiveTime”means12:01a.m.,PacificTimeontheClosingDate.
“ Employee Benefit Plan ” means any employee benefit plan within the meaning of Section 3(3) of ERISA, and all the employee benefit, fringe benefit,
supplementalunemployment benefit,bonus,incentive, profitsharing,termination, changeofcontrol, pension,retirement,savings, stockoption,stockpurchase,
phantomstock,stockappreciation,health,welfare,medical,dental,disability,lifeinsuranceandsimilarplans,programmes,arrangementsorpracticesrelatingto
thecurrentorformeremployees,officersordirectorsofSystemaxortheSellersmaintained,sponsoredorfundedbySystemaxortheSellers,whetherwrittenor
oral,fundedorunfunded,insuredorself-insured,registeredorunregisteredunderwhichSystemaxortheSellersmayhaveanyliabilitycontingentorotherwise,
otherthanbenefitplansestablishedpursuanttostatute.
“Encumbrance”meansanylien,pledge,hypothecation,charge,mortgage,securityinterest,encumbrance,equity,trust,equitableinterest,claim,preference,right
ofpossession,lease,tenancy,license,encroachment,covenant,infringement,interference,Order,proxy,option,rightoffirstrefusal,preemptiveright,community
propertyinterest,legend,defect,impediment,exception,reservation,limitation,impairment,imperfectionoftitle,conditionorrestrictionofanynature(including
anyrestrictiononthevotingofanysecurity,anyrestrictiononthetransferofanysecurityorotherasset,anyrestrictiononthereceiptofanyincomederivedfrom
anyasset,anyrestrictionontheuseofanyassetandanyrestrictiononthepossession,exerciseortransferofanyotherattributeofownershipofanyasset).
“Entity”meansanycorporation(includinganynon-profitcorporation),generalpartnership,limitedpartnership,limitedliabilitypartnership,jointventure,estate,
trustorcompany(includinganylimitedliabilitycompanyorjointstockcompany).
“EnvironmentalClaim”meansanywrittenclaim,action,causeofaction,suit,proceeding,investigation,order,demandornoticebyanyPersonallegingpotential
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) thepresence, or release into the environment, of, or
exposureto,anyMaterialofEnvironmentalConcernatanylocation,whetherornotownedoroperatedbySellersor(b)circumstancesformingthebasisofany
violation,orallegedviolation,ofanyEnvironmentalLaw.
“Environmental Laws” means all federal, state, provincial, local and foreign Legal Requirements relating to pollution or protection of human health or the
environment(including,withoutlimitation,ambientair,surfacewater,groundwater,landsurfaceorsubsurfacestrata,andnaturalresources),including,without
limitation,LegalRequirementsrelatingto(i)emissions,discharges,releasesorthreatenedreleasesof,orexposureto,MaterialsofEnvironmentalConcern,(ii)the
manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Materials of Environmental Concern, (iii) recordkeeping,
notification,disclosureandreportingrequirementsregardingMaterialsofEnvironmentalConcern,and(iv)endangeredorthreatenedspeciesoffish,wildlifeand
plantandthemanagementoruseofnaturalresources.
“ERISA”meanstheEmployeeRetirementIncomeSecurityActof1974,asamended.
ExhibitA-Page2