Common use of Recapture Rights Clause in Contracts

Recapture Rights. PBGC retains whatever rights it has to recapture under ERISA § 4045 any amounts paid to Pension Plan participants (consistent with the terms of the Pension Plan) within the 3 year period prior to the relevant termination date.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement (Ual Corp /De/)