Pension Liability Clause Samples

Pension Liability. RSA shall indemnify the Insured against any Loss arising from a Claim that first arises during the Period of Insurance in respect of any matter asserted against an Insured Person for a Pension Management Event. the cover provided by this Extension i. shall be excess of any indemnification provided by such valid and collectible directors and liability insurance or pension trustee insurance in respect of any relevant pension scheme; and

Pension Liability. The Seller shall use commercially reasonable efforts to pay in full all liabilities related to the pension payable to ▇▇. ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (the “Pension Liability”) prior to the Measurement Time. To the extent not paid prior to the Measurement Time, the unpaid portion of the Pension Liability payable by the Company or any Company Subsidiary after the Measurement Time shall be included in the definition of “Indebtedness” as set forth therein.

Pension Liability with respect to any Guaranteed Pension Plan, a Reportable Event shall have occurred and a Majority of the Lenders shall have determined that such event reasonably could be expected to result in liability of a Borrower, Kingsway America or any of their Subsidiaries to the PBGC or such Guaranteed Pension Plan in an aggregate amount exceeding $1,000,000 and such event in the circumstances occurring could reasonably constitute grounds for the termination of such Guaranteed Pension Plan by the PBGC or for the appointment by the appropriate United States District Court of a trustee to administer such Guaranteed Pension Plan; or a trustee shall have been appointed by the United States District Court to administer such Plan; or the PBGC shall have instituted proceedings to terminate such Guaranteed Pension Plan.

Pension Liability. The Sellers shall indemnify and keep indemnified the Purchasers and the Movianto Companies in full and on demand against all Losses which the Purchasers and/or any of the Movianto Companies may suffer, sustain, incur, pay or be put to by reason or on account of or arising in respect of a Pension Liability.

Pension Liability. For greater certainty, (i) none of the Seller, the Nortel Networks Managerial and Non-Negotiated Pension Plan, nor the Nortel Networks Negotiated Pension Plan shall have any obligation to transfer, and none of the Purchaser, the Canadian Non-Union DC Replacement Plan, the Canadian DB Replacement Plan, the Canadian Union DC Replacement Plan, nor any other Purchaser Employee Plan shall have any obligation to accept assets or Liabilities in respect of defined benefit or defined contribution accruals accrued prior to the Closing Date, and (ii) any Liability with respect to any pension entitlement accrued by any Non-Union Employee or Union Employee prior to the Closing Date shall remain the exclusive liability of the Seller, the Nortel Networks Managerial and Non-Negotiated Pension Plan, and the Nortel Networks Negotiated Pension Plan, as the case may be, and none of the Purchaser, the Canadian Non-Union DC Replacement Plan, the Canadian DB Replacement Plan, the Canadian Union DC Replacement Plan, nor any other Purchaser Employee Plan shall have any Liability or obligation with respect to any pension entitlement accrued prior to the Closing Date.

Pension Liability a. The Agency may contract with the California Public Employees Retirement System (PERS) or any other public entity to provide pension benefits to its employees with such consent and assurances of the Member Agencies as may then be required by applicable law. b. Each Member Agency’s conditional share of pension liability, defined in paragraph (c) below, shall be provided by a written agreement made when the benefits are contracted for and, in the absence of such an agreement, the Agency may not contract for such pension services. Such agreement shall conditionally allocate 100 percent of the Agency’s pension liabilities among the Member Agencies, leaving no portion of that liability unassigned. c. A Member’s conditional share of pension liability means liability due under Government Code section 6508.2 to fund payments to CalPERS or another public entity with which the Agency contracts to provide pension benefits to the Agency’s employees (“Pension Provider”) which liability the Agency does not pay because this Agreement is terminated, the Agency becomes insolvent, or the Agency’s agreement with the Pension Provider is terminated. RESCISSION, TERMINATION, WITHDRAWAL, ASSIGNMENT‌‌

Pension Liability. As of the Closing Date, Baseline has an accrued pension obligation to Questar Corporation with respect to benefit accruals for its employees under the Questar Corporation Retirement Plan, which shall not exceed $65,000, (the "Pension Liability") and which is not to be included in the exclusion of intercompany payables and receivables in the determination of Closing Net Book Value but which shall be included as a liability on the Closing Balance Sheet. This Pension Liability shall be paid by Baseline within sixty (60) days of the Closing Date.

Pension Liability