Pension Adjustment. An amount equal to the excess of (a) the actuarial value of the benefits which the Executive would have accrued under each of the Holding Company's qualified and non-qualified pension plans in which the Executive was a participant as of the date of termination of employment if (i) the Executive's employment had continued at the Executive's level of total compensation (determined as of the date of termination of employment) for a period of three years following the Executive's date of termination of employment and (ii) each such plan had remained in effect during such three-year period, over (b) the actuarial value of the Executive's actual benefits under such qualified and non-qualified pension plans. The actuarial value of such benefits shall be determined by the Compensation Committee of the Holding Company in its reasonable discretion.
Pension Adjustment. An amount equal to the excess of (a) the actuarial value of the benefits which the Executive would have accrued under the Employers' qualified defined benefit pension plan and non-qualified supplemental retirement plan if the Executive's employment had continued for a period of three years following his date of termination, over (b) the actuarial equivalent of the Executive's actual benefit under the defined benefit pension plan and the non-qualified supplemental retirement plan.
Pension Adjustment. Monthly pensions otherwise payable to eligible beneficiaries as of an adjustment date are increased by a percentage called the Pension Adjustment Factor determined as follows:
Pension Adjustment. (i) As promptly as practicable following the completion of the transfer of assets contemplated by Section 5.5(m) and the assumption of Dedicated Retirement Plans contemplated by Section 5.5(n), but in no event more than one hundred eighty (180) days after the Closing Date, Seller shall prepare and deliver to Purchaser a statement (the “Preliminary Closing Pension Statement”) that sets forth (together with information to demonstrate how it determined such amount) the amount, if any, (the “Preliminary Closing Pension Deficit Amount”) by which (A) the sum of (1) the Deemed Pension Liabilities plus (2) all Assumed Non-U.S. Pension Liabilities determined as of the Closing Date (even if related to a Commingled Retirement Plan in a Delayed Transfer Country where actual Assumed Non-U.S. Pension Liabilities may be based on a determination made as of a Delayed Transfer Closing) and determined (x) on a projected benefit obligation basis with respect to defined benefit plans and (y) on an accrued benefit basis with respect to any defined contribution plan, in each case regardless of whether benefits are vested or unvested, and, for purposes of this calculation, regardless of the amount of (or timing of the assumption of) Assumed Non-U.S. Pension Liabilities actually assumed under Section 5.5(m), plus (3) the amount of all Liabilities (determined as of the Closing Date (x) on a projected benefit obligation basis with respect to defined benefit plans and (y) on an accrued benefit basis with respect to any defined contribution plan, in each case regardless of whether benefits are vested or unvested) under all Dedicated Retirement Plans (the Liabilities in clauses (2) and (3), collectively, the “Pension Liabilities”) exceeds (B) the sum of (1) the fair market value as of the Closing Date of the assets (if any) of the Dedicated Retirement Plans which are transferred with the Dedicated Retirement Plans, plus (2) the fair market value of the assets (if any) that have been transferred to the Purchaser Non-U.S. Retirement Plans pursuant to, and in accordance with, Section 5.5(m) within one hundred eighty (180) days after the Closing Date, valued, in each case, as of the close of business on the date of transfer, plus (3) any assets that Seller or its Affiliates (other than the Conveyed Companies) irrevocably commits before the Closing Date to, and does, contribute to a Dedicated Retirement Plan pursuant to, and in accordance with, Section 5.5(n), within one hundred eighty (180...
Pension Adjustment. An amount equal to the excess of (a) the actuarial value of the benefits which the Executive would have accrued under the Employers' qualified pension plan and non-qualified supplemental retirement plan if the Executive's employment had continued for a period of three years following his date of termination, over (b) the actuarial equivalent of the Executive's actual benefit under the pension plan and the non-qualified supplemental retirement plan.
Pension Adjustment. Certain retirees will receive a pension adjustment as follows effective March 1, 2012: Retired before 1987 5.0% Group Life Insurance Changes effective January 1, 2014 This is a packaged offering for life insurance plan provision changes including expanded age-rated supplemental life insurance benefit options to employees that will replace the flat rate premium. New benefits included in this packaged proposal would be Spousal/Domestic Partner, Child and Accidental Death and Dismemberment (AD&D) insurance options and enhanced Will Preparation benefits. The benefit design and costs for supplemental life insurance and other ancillary benefits such as Accidental Death and Dismemberment, and dependent coverage options, and other administrative changes are provided in Attachment C.
Pension Adjustment. (a) As promptly as practicable following the Closing Date, but in no event more than two hundred seventy (270) days following the Closing Date, Remainco shall prepare and deliver to RMT Partner a statement (the “Pension Funding Statement”) that sets forth (together with information in a manner sufficient to demonstrate how it determined such amount) the Pension Funding Amount.
Pension Adjustment. An amount equal to the excess of (a) the actuarial value of the benefits which the Executive would have accrued under the SERP if the Executive’s employment had continued for a period of three years following his date of termination, over (b) the actuarial equivalent of the Executive’s actual benefit under the SERP.
Pension Adjustment. ACH shall reimburse Visteon for the effect on the projected benefit obligation, as defined in SFAS No. 87, of the liabilities related to Group I and II Leased Employees under the Ford General Retirement Plan and any Leased Employee under the Visteon Pension Plan for any Leased Employee average merit salary increase which exceeds the average merit increase applicable to Visteon salaried employees by one-half percent in any given year, provided ACH shall receive credit toward the lease fees otherwise owed hereunder if the Leased Employee average merit increase is less than the average Visteon salaried employees merit increase by one-half percent in any given year using the same methodology as provided under Exhibit Y to the Employee Transition Agreement. Notwithstanding the above, Visteon shall not be reimbursed, or ACH credited, in a manner that would result in either of the Parties being given duplicative reimbursement or credit arising from the same event.
Pension Adjustment. 3.6.1 The Service Provider shall set out in the Draft Monthly Payment Report submitted to the Authority any Pensions Adjustment to be made arising in respect of an Excess Contribution Rate or Lower Contribution Rate calculated in accordance with Clause 70.2A and 70.2C of the Contract. The Pension Adjustment shall be calculated in accordance with the following formula:
