Canadian Plan definition

Canadian Plan means any plan, program, agreement or arrangement that is a pension plan for the purposes of Applicable Canadian Pension Legislation or under the Income Tax Act (Canada) (whether or not registered under such law) that is maintained or contributed to, or to which there is or may be an obligation to contribute, by Holdings or any of its Subsidiaries in respect of their respective employees in Canada, but does not include the Canada Pension Plan or the Quebec Pension Plan that is mandated by the Government of Canada or the Province of Quebec, respectively.

Canadian Plan means Devon Canada Corporation Incentive Savings Plan. “DD&A” means depreciation, depletion and amortization expenses. “Devon Plan” means Devon Energy Corporation Incentive Savings Plan. “E&P” means exploration and production activities.

Canadian Plan means any employee benefit, pension, retirement or other equivalent or analogous plan or program including, without limitation, any multi-employer pension plan, established or maintained by, for or on behalf of any Credit Party, or any Subsidiary of any Credit Party, domiciled in Canada which is subject to the minimum funding standards prescribed by Applicable Law of Canada or any province, territory or other political subdivision thereof.

Examples of Canadian Plan in a sentence

• The parties agree to abide by a decision of the Canadian Plan for the settlement of Jurisdictional Disputes in the construction Industry and/or the Ontario Labour Relations Board.

• Consideration of the Canadian Plan and the U.S. Plans will take place in joint hearings conducted in accordance with the Cross-Border Protocol.

• The Authority maintains two non-contributory, single-employer defined benefit pension plans: Pension Plan for Employees of Buffalo and Fort Erie Public Bridge Authority in the United States (U.S. Plan) and Pension Plan for Employees of Buffalo and Fort Erie Public Bridge Authority in Canada (Canadian Plan), collectively, the Defined Benefit Plans.

• Article 5.5 of the Plan, the Bankruptcy Court shall approve the Debtors’ election to treat the Estates as if they were consolidated solely for the purpose of voting, confirmation (subject to Article 5.5 of the Plan) and distributions to be made under the Plan and under the Canadian Plan.

• Notwithstanding the treatment of the Debtors and QWI as if they were consolidated for voting, confirmation and distribution purposes, the Syndicate Claims (including, to the extent finally Allowed, the BNPP F/X Claim) will be finally Allowed against each of the applicable Debtor obligors under the Syndicate Agreement and QWI (as provided in the Canadian Plan) as of Effective Date but shall only be entitled to the single recovery provided for herein and in the Canadian Plan.

More Definitions of Canadian Plan

Canadian Plan means any employee benefit program relating to employees of the Canadian Borrower or any Canadian Subsidiary, other than a Canadian Pension Plan, but including, without limitation, profit sharing, deferred compensation, incentive severance, change of control, phantom stock, stock option, stock purchase, bonus and health or insurance plans and arrangements (in each case, oral or written).

Canadian Plan means a pension plan established by any Canadian Subsidiary of the Company for any of its employees which is not subject to ERISA.

Canadian Plan means the CCAA plan of compromise or arrangement (including any exhibits, annexes and schedules thereto) for the Canadian Debtors that effectuates the Settlement, consistent with the terms of this Settlement and Support Agreement, as it may be modified or supplemented in accordance with its terms.

Canadian Plan means (i) the employee benefit arrangement which a Subsidiary established for the Canadian Participants identified on Schedule A hereto, pursuant to which such Canadian Participants were designated phantom Class B units and/or phantom Class A-1 units of the Company’s predecessor, as set forth on Schedule A, and (ii) the employee benefit plan which the Company or one of its Subsidiaries will establish for the Canadian Participants identified on Schedule A hereto, pursuant to which such Canadian Participants will be awarded phantom Class B Shares (the “Phantom Class B Shares”) and/or phantom Class C Shares (the “Phantom Class C Shares”), respectively, that correspond to their previously designated phantom Class B units and/or phantom Class A-1 units, as applicable. For the avoidance of doubt, the Phantom Class B Shares and the Phantom Class C Shares shall be substituted for the phantom Class B units and phantom Class A-1 units of the Company’s predecessor, as applicable, and such holders of phantom Class B units and phantom Class A-1 units shall have no rights in respect of such units after such substitution.

Canadian Plan means a pension plan provided by TLGI or any other Subsidiary incorporated under the laws of Canada or any Province of Canada.

Canadian Plan means the Plan of Reorganization and Compromise filed by QWI pursuant to the provisions of the CCAA and the CBCA, a copy of which is set forth on Exhibit I.B.32 hereto, as such plan may be amended, varied or supplemented from time to time in accordance with its terms and the order approving the same.

Canadian Plan means any pension or other employee benefit plan and which is: (a) a plan maintained by the Borrower or any other Canadian Loan Party; (b) a plan to which the Borrower or any other Canadian Loan Party contributes or is required to contribute; (c) a plan to which the Borrower or any other Canadian Loan Party was required to make contributions at any time during the five (5) calendar years preceding the date of this Agreement; or (d) any other plan with respect to which the Borrower or any other Canadian Loan Party has incurred or may incur liability, including contingent liability either to such plan or to any Person, administration or Governmental Authority, including the FSCO.