Acquired Plan definition

Acquired Plan means any Plan which was originally established and maintained by a Person other than the Borrower or an ERISA Affiliate and which became, or hereafter becomes, a Plan as a result of an Acquisition by the Borrower or any Subsidiary.
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Acquired Plan means the incentive plan established by an Acquired Organization or any awards outstanding thereunder.
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Acquired Plan means each Employee Benefit Plan which is a Purchased Asset.
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Examples of Acquired Plan in a sentence

  • Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other federal or state law (or, in the case of an Acquired Plan, can be brought into such compliance without any material fine, penalty or other liability).

  • Any shares of stock of an Acquired Organization available for future awards under an Acquired Plan (as adjusted and converted into Shares in accordance with the terms of the business transaction) shall be added to the number of Shares available for Awards under the Plan, subject to applicable stockholder approval and stock exchange requirements, unless the terms of the business transaction require such Acquired Plan to be maintained as a separate plan following the completion of the business transaction.

  • The Borrower and each ERISA Affiliate has made all required contributions to any Plan subject to Section 412 of the Code (except for contributions to Acquired Plans not made prior to the respective Plan Acquisition Dates and which do not in the aggregate exceed $1,000,000 for any Acquired Plan), and no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Code has been made with respect to any Plan.

  • Shares used in connection with an Award granted in substitution for an award outstanding under an Acquired Plan under this Section 5.5 shall not be counted against the number of shares of Stock available for grant under Section 5.1.

  • Expected Rate of Return on Acquired Plan Assets February 27, 2017PensionOPEBCanadian Plans6.4% United States Plans5.5%4.8% Target Mix for Acquired Plan Assets CanadianPlansUnited StatesPlansEquity securities55.0%30.0%Fixed income securities45.0%60.0%Other0.0%10.0% Major Categories of Acquired Plan AssetsAcquired Plan assets are invested primarily in readily marketable investments with constraints on the credit quality of fixed income securities.

  • Employee Severance Protection Plan (any such plan being an “Acquired Plan”), shall not be entitled to receive benefits under this Plan except to the extent and in the amount that benefits payable under this Plan are in excess of amounts payable to that person under such an Acquired Plan.

  • Employee Severance Protection Plan (any such plan being an "Acquired Plan”), shall not be entitled to receive benefits under this Plan except to the extent and in the amount that benefits payable under this Plan are in excess of amounts payable to that person under such an Acquired Plan.

  • The Primary Sector in Epirus‌Epirus has the highest employment rate in the Primary Sector that includes all the agricultural activities, comparing to all the Regions of Greece.

  • If the Service Provider fails to confirm compliance with Clause 16(a) within the specified deadline or, despite confirming compliance therewith, introduces any change to the quotation not in response to any clarification by the Government pursuant to Clause 10, its quotation will not be considered further.

  • No Acquired Plan is presently under audit or examination (nor has written notice been received of a potential audit or examination) by any Governmental Authority.


More Definitions of Acquired Plan

Acquired Plan means any benefit and compensation plan, contract, policy or arrangement covering Employees or Former Employees and current and former directors of any of the Acquired Companies (or predecessors thereof), including (i) any “welfare” plan, fund or program (within the meaning of Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)); (ii) any “pension” plan, fund or program (within the meaning of Section 3(2) of ERISA); (iii) any material incentive compensation plan; (iv) any material employment, consulting, termination, retention, indemnification or severance agreement, plan or arrangement; (v) any material stock ownership, stock bonus, stock option, restricted stock, stock appreciation right, profits interest, membership unit award, stock purchase, phantom stock or bonus plan; and (vi) any material deferred compensation plan (within the meaning of Section 409A of the Code (“409A”)) and any material fringe benefit or perquisite plan, arrangement or policy; in each case, that are sponsored or contributed to by an Acquired Company. A copy of each Acquired Plan has been made available to Purchaser, including with respect to such Acquired Plan, to the extent applicable, (A) the three most recently filed annual reports on Form 5500, including all schedules, attachments and accountants’ opinions, (B) the most recent summary plan description and any summary of material modifications thereto, (C) the most recent actuarial report or other statement of plan assets for any Acquired Plan that is funded, (D) the most recent determination letter or opinion letter, if any, issued by the IRS and any pending request for such a determination letter, (E) each trust agreement and insurance annuity contract, if any, relating to any such Acquired Plan, (F) all material notices, letters or other correspondence to or from any Governmental Authority or agency thereof within the last three (3) years, (G) all non-discrimination tests for the most recent three (3) completed plan years, and (H) all material written agreements and Contracts currently in effect, including administrative service agreements and group insurance contracts. Section 2.10(a) of the Disclosure Schedule sets forth each Acquired Plan.
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Acquired Plan shall have the meaning ascribed to it in Section 2.10(a).
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Acquired Plan means any Plan which was originally established and maintained by a Person other than the Company or an ERISA Affiliate and which became, or hereafter becomes, a Plan as a result of an Acquisition by the Company or any Subsidiary.
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Acquired Plan means (1) all of the Merged Plans other than the XcelleNet Plan; and (2) any other tax-qualified defined contribution plan under which participants had optional forms of benefit of a type described in Appendix A (relating to Acquired Members’ Accounts) and which has been merged into this Plan.
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Related to Acquired Plan

  • Parent Plan has the meaning set forth in Section 7.8(b).

  • Deferred Plan means a trust governed by a registered retirement savings plan, registered retirement income fund, registered education savings plan or tax-free savings account.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Supplemental Plan means a written plan for a child outlining the agency's plan to locate a permanent placement for the child and which may be developed concurrently with the case plan.

  • Parent Plans has the meaning set forth in Section 6.4(c).

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Permitted Plan means any employee benefits plan of the Company or any of its Affiliates and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan.

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Traditional member of the National Guard or federal reserves means an active member of the Selected Reserve subject to mobilization and deployment for which he or she attends monthly and annual training periods.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Steps Plan means a plan evidenced by Eligible Information contemplating that there will be a series of successions to some or all of the Relevant Obligations of the Reference Entity, by one or more entities.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "EMPLOYEE BENEFIT PLAN," within the meaning of Section 3(3) of ERISA which is maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Prior Plan means the coverage provided on a group or group-type basis by the group insurance policy, benefit plan or service plan that was terminated on the day before the Effective Date of the Plan and replaced by the Plan.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.