Defined Benefit Pension Schemes definition

Defined Benefit Pension Schemes means the Global Marine Systems Pension Plan, the Global Marine Systems (Guernsey) Pension Plan and the MNOPF.
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Defined Benefit Pension Schemes means the ABC Cinemas Limited Pension Scheme, the Optima 2 Pension Scheme and the UCI Ireland Scheme;
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Defined Benefit Pension Schemes means: (a) the Western Power Distribution Group of the Electricity Supply Pension Scheme; (b) the Central Networks Group of the Electricity Supply Pension Scheme; (c) the Western Power Utilities Pension Scheme; and (d) the following sections of the Western Power Pension Scheme: (i) the I92 Section; (ii) the 1993 Section; and (iii) the MEPS 2020 Section; "Demand Loan" means the demand loan of up to $125 million between WPD plc (as borrower) and PPL Capital Funding Inc. (as lender) dated 1 April 2015 contained in the Data Room (document 4.1.2.32); "Disclosed" means any fact, matter, event or circumstance which is fairly disclosed in such manner and with sufficient details that a professionally advised buyer would reasonably be expected to be aware of that fact, matter, event or circumstance being disclosed and its scope; "Disclosure Letter" means the letter dated the same date as this agreement together with the attachments thereto addressed by the Seller to the Buyer disclosing exceptions to the Seller Warranties; "Distribution Licences" means, in relation to each of the DNOs, the electricity distribution licence that has come into effect in relation to it pursuant to section 6(1)(c) of the Electricity ▇▇▇ ▇▇▇▇; "Distribution System" means the electricity distribution system managed and operated by a DNO pursuant to the terms of its Distribution Licence; "DNOs" means the four distribution network operators in the Group, namely:
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Examples of Defined Benefit Pension Schemes in a sentence

  • Our initial fee for this service is based on a percentage of the amount you invest and/or transfer as follows: • £50,000 to £100,000 – 2% • £100,001 to £150,000 – 1.5% • £150,001 to £200,000 – 1% • £200,001 and above – 0.5% • Over £1m – By negotiation For all transfers from Defined Benefit Pension Schemes the initial fee will be 2% plus costs (approximately £200) You can choose how this fee is paid.

  • With respect to any Company Benefit Plan that is subject to the Laws of any jurisdiction outside the United States, (i) if intended to qualify for special tax treatment, such Company Benefit Plan meets all requirements for such treatment, and (ii) if intended to be funded and/or book-reserved, such Company Benefit Plan (other than the Defined Benefit Pension Schemes) is fully funded and/or book reserved, as appropriate, based upon reasonable actuarial assumptions.

Related to Defined Benefit Pension Schemes

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Defined Benefit Plan means either a plan described in Section 3(35) of ERISA or a plan subject to the minimum funding standards set forth in Section 302 of ERISA and Section 412 of the Code.

  • Defined Benefit Fraction means a fraction, the numerator of which is the sum of the Participant's annual benefits (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) under all the defined benefit plans (whether or not terminated) maintained by the Employer, each such annual benefit computed on the assumptions that the Participant will remain in employment until the normal retirement age under each such plan (or the Participant's current age, if later) and that all other factors used to determine benefits under such plan will remain constant for all future Limitation Years, and the denominator of which is the lesser of 125 percent of the dollar limitation determined for the Limitation Year under Sections 415(b)(1)(A) and 415(d) of the Code or 140 percent of the Participant's highest average Compensation for 3 consecutive calendar years of service during which the Participant was active in each such plan, including any adjustments under Section 415(b) of the Code. However, if the Participant was a participant as of the first day of the first Limitation Year beginning after December 31, 1986, in one or more defined benefit plans maintained by the Employer which were in existence on May 6, 1986 then the denominator of the Defined Benefit Fraction shall not be less than 125 percent of the Participant's total accrued benefit as of the close of the last Limitation Year beginning before January 1, 1987, disregarding any changes in the terms and conditions of the plan after May 5, 1986, under all such defined benefit plans that met, individually and in the aggregate, the requirements of Section 415 of the Code for all Limitation Years beginning before January 1, 1987.

  • Defined Benefit Plan Fraction means a fraction, the numerator of which is the projected annual benefit (determined as of the close of the relevant Plan Year) of the Participant under all Defined Benefit Plans maintained by one or more Related Companies, and the denominator of which is the lesser of (i) the product of 1.25 multiplied by the dollar limitation in effect under Section 415(b)(1)(A) of the Code for the Plan Year, or (ii) the product of 1.4 multiplied by the amount which may be taken into account under Section 415(b)(1)(B) of the Code with respect to the Participant for the Plan Year.

  • personal pension scheme means a personal pension scheme which--