Adjusted Funding Target Attainment Percentage definition

Adjusted Funding Target Attainment Percentage an adjusted target attainment percentage as defined in Sections 206(g)(9) of ERISA and 436(j) of the Code.

Adjusted Funding Target Attainment Percentage means the funding target attainment percentage that is determined under paragraph (1) by increasing each of the amounts under subparagraphs (A) and (B) of Code §430(d)(2) by the aggregate amount of purchases of annuities for employees other than Highly Compensated Employees that were made by the Plan during the preceding two Plan Years.

Adjusted Funding Target Attainment Percentage means the adjusted funding target attainment percentage as defined in Sections 206(g)(9) of ERISA and 436(j)(2) of the Internal Revenue Code. Agreement shall mean this Credit Agreement, as the same may be supplemented or amended from time to time, including all schedules and exhibits.

Examples of Adjusted Funding Target Attainment Percentage in a sentence

• Review Schedule SB of Form 5500, Part I Basic Information line 4, noting if the box is checked which indicates the plan is in at-risk status with an Adjusted Funding Target Attainment Percentage of less than 80%.

• The Pension Protection Act defines the interest rate for determining “the present value of the plan’s accrued or earned benefits” and, based on this, the plan’s Adjusted Funding Target Attainment Percentage (AFTAP) – or funding status – which is also disclosed to plan participants on the Annual Funding Notice.

• If this is a DB plan, attach copies of the Adjusted Funding Target Attainment Percentage (AFTAP) certification(s) and the Schedule SB (Form 5500), Single-Employer Defined Benefit Plan Actuarial Information, for the year of termination and the prior two plan years and answer lines 17g(1) through 17g(3).

• Rules of Operation for Periods Prior to and After Certification of Plan's Adjusted Funding Target Attainment Percentage.

• GW shall not rework or reprocess any rejected Defective Product, unless expressly authorized in writing to do so by NOVARTIS each time.

More Definitions of Adjusted Funding Target Attainment Percentage

Adjusted Funding Target Attainment Percentage means the "funding target attainment percentage" which is determined under paragraph A. by increasing each of the amounts under subparagraphs (A) and (B) of Code Section 430(d)(2) by the aggregate amount of purchases of annuities for employees other than highly compensated employees (as defined in Code Section 414(q)) which were made by the Plan during the preceding two (2) Plan Years.

Adjusted Funding Target Attainment Percentage means for any Plan Year a fraction (expressed as a percentage) the numerator of which is the Adjusted Plan Assets and the denominator of which is the Adjusted Funding Target. Adjusted Plan assets equals the value of Plan assets, decreased by the Plan's funding standard carryover balance and prefunding balance and increased by the aggregate amount of purchases of annuities for Participants and Beneficiaries (other than participants who, at the time of the purchase, were highly compensated employees) which were made by the Plan during the preceding 2 plan years, to the extent not included in assets under Code Section 430.

Adjusted Funding Target Attainment Percentage for a Plan Year shall mean the fraction (expressed as a percentage) –

Adjusted Funding Target Attainment Percentage means the percentage described in Treas. Regs. Section 1.430(d)-1(b)(3) using the presumptions described in Treas. Regs. 1.436-1(g) and (h) and as modified by the Worker, Retiree and Employer Recovery Act of 2008.

Adjusted Funding Target Attainment Percentage means such term as is defined in Section 436(j)(2) of the Code and Treas. Reg. § 1.436-1(j)(1).

Adjusted Funding Target Attainment Percentage means the adjusted funding target attainment percentage as defined in Sections 206(g)(9) of ERISA and 436(j)(2) of the Internal Revenue Code. Agreement shall mean this Amended and Restated Credit Agreement, as the same may be supplemented or amended from time to time, including all schedules and exhibits. Anti-Terrorism Laws shall mean any Laws relating to terrorism or money laundering, including Executive Order No. 13224, the USA Patriot Act, the Laws comprising or implementing the Bank Secrecy Act, and the Laws administered by the United States Treasury Department’s Office of Foreign Asset Control (as any of the foregoing Laws may from time to time be amended, renewed, extended, or replaced).

Adjusted Funding Target Attainment Percentage means the funding target attainment percentage that is determined under subparagraph (i) above increase by each of the amounts under Section 430(d)(2)(A) and (B) of the Code by the aggregate amount of purchases of annuities for employees other than highly compensated employees (as defined in Section 414(q) of the Code) that were made by the Plan during the preceding two years.