Full Funding. The funds available under each Employee Plan/Agreement which is intended to be a funded plan exceed the amounts required to be paid, or which would be required to be paid if such Employee Plan/Agreement were terminated, on account of rights vested or accrued as of the Closing Date (using the actuarial methods and assumptions then used by Company's actuaries in connection with the funding of such Employee Plan/Agreement).
Full Funding. The funds available under each Employee Plan/Agreement that is intended to be a funded plan exceed the amounts required to be paid, or that would be required to be paid if such Employee Plan/Agreement were terminated, on account of rights vested or accrued as of the Closing Date (using the actuarial methods and assumptions then used by Company’s actuaries in connection with the funding of such Employee Plan/Agreement).
Full Funding. The funds available under each Benefit Plan that is intended to be a funded plan equal or exceed the amounts required to be paid, or that would be required to be paid if such Benefit Plan were terminated, on account of rights vested as of the Closing Date (using the actuarial methods and assumptions then used by Company’s actuaries in connection with the funding of such Benefit Plan).
Full Funding. Following the Partially Funded Period, the O & M Reserve and the Asset Replacement Reserve for any Remedial Work shall be established at the same time and as part of the funding for the Remedial Work.
Full Funding. The Project Sponsor acknowledges that full funding occurs when it can demonstrate, to the satisfaction of the Commission, that funds have been raised to cover the Project Budget set forth in Section 3.4 of this Agreement (Full Funding).
Full Funding. As of December 31, 1995, except as disclosed in Parent's Annual Report to Shareholders for 1995 (a copy of which has been delivered to Purchaser), the funds available under the Cytec Defined Benefit Plan and the Cytec Past Service Retirement Plan equal or exceed the amounts required to be paid, on account of rights vested or accrued as of December 31, 1995 (using the actuarial methods and assumptions used at December 31, 1995 by the Cytec Parties' actuaries in connection with the funding of such plans).
Full Funding. The funds available under each Employee Plan/Agreement that is subject to Title IV of ERISA or Section 412 of the Code which is intended to be a funded plan equal or exceed the amounts required to be paid, or which would be required to be paid if such Employee Plan/Agreement were terminated, on account of rights vested or accrued as of the Effective Time (using the actuarial methods and assumptions then used by the Company's actuaries in connection with the funding of such Employee Plan/ Agreement). (e)
Full Funding. Each of the other Purchasers shall have paid in full the Aggregate First Closing Purchase Price as set forth opposite each such Purchaser’s name on Exhibit A.
Full Funding. All payments or contributions due with respect to any Employee Plan have been timely made or deposited, as applicable and no Seller nor any ERISA Affiliate has any Liability for any unpaid or untimely contributions with respect to any Employee Plan.
Full Funding. For the duration of this Agreement, the Employer’s contribution obligation to the Pension Fund (“PF”) for any Plan Year shall be the lesser of (1) the percentage amount of gross wages set forth in Article XXIV or (2) the contribution amount set by the Pension Fund Trustees based upon the Pension Fund Actuary’s determination of each Employer’s allocated portion of the Pension Fund’s full funding limitation. In the event the Plan Actuary determines that amounts to be contributed to the PF would be in excess of the contribution limitation, the disposition of the Pension contributions that would otherwise be made shall be referred to CIPC for its consideration in accordance with the following understandings. When amounts have been contributed which the Plan Actuary determines to be in excess of the contri- bution limitation, such excess amounts shall be returned to the Employer consistent with paragraph 403(c)(2) of ERISA. The Trust Agreement will be amended, if needed, to authorize Trustee action in this regard. It is agreed that any amount of money for PF contributions that are returned to the Employer by reason of this paragraph or which are withheld because the contribution limitation would be exceeded (as confirmed by the Plan Actuary) shall be diverted to another of the 1199/League Funds as deter- mined by CIPC. For each Plan Year the PF Actuary shall evaluate and report to the League and the Union the contribution limitation as follows: (a) in December, the amount for the Plan Year commencing January 1 of the year following shall be estimated, and (b) in June, the amount for that Plan Year shall be finalized and reported. Employment Training and Job Security Program (“ETJSP”) Funding: The Employers shall not be responsible for any further funding of the LMI Fund, Training and Upgrading Fund or the Job Security Fund (collectively “ETJSP”) during the term of this Agreement other than as set forth at Article IXA (B)(4) (JSF), Article XXII (1) (TUF) and Article XXIV (1)(c) (Pension Contribution Diversion) or as determined by CIPC pursuant to Paragraph 1 above. Notwithstanding any contribution rate adjustment that may occur pursuant to Article XXIV section 1(b), the rate as of the last day of this collective bargaining agreement shall be 6.75% of gross payroll. If this letter correctly sets forth our agreement, please sign where indicated below and return a signed copy to me. Very truly yours, Side Letter re: Maternity Leave Dated: March 30, 1990 Mr. Xxxxxx ...
