Defined Benefit Plans definition

Defined Benefit Plans means the Seventh-day Adventist Retirement Plan of the North American Division and/or the Seventh-day Adventist Hospital Retirement Plan.

Defined Benefit Plans means any Company Employee Plan that is a “registered pension plan” as defined in subsection 248(1) of the Income Tax Act (Canada) and which contains a “defined benefit provision” as defined in subsection 147.1(1) of the Income Tax Act (Canada), excluding any Canadian Multi-Employer Plans.

Defined Benefit Plans means the defined benefit pension plans of the Company and its Subsidiaries listed on Section 4.16(a) of the Company Disclosure Schedule.

Examples of Defined Benefit Plans in a sentence

• Defined Benefit Plans A liability or asset in respect of defined benefit superannuation plans would ordinarily be recognised in the balance sheet, and measured as the present value of the defined benefit obligation at the reporting date plus unrecognised actuarial gains (less unrecognised actuarial losses) less the fair value of the superannuation fund’s assets at that date and any unrecognised past service cost.

• The present value of the obligation under such Defined Benefit Plans is determined based on actuarial valuation using the Projected Unit Credit Method, which recognizes each period of service as giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation.

• Defined Benefit Plans: The Company’s obligation towards gratuity is a defined benefit plan.

• For Defined Benefit Plans, the cost of providing benefits is determined using the Projected Unit Credit Method, with actuarial valuations being carried out at each Balance Sheet date.

• Due to the tax consequences, I have been advised to seek competent tax advice pertaining to this distribution.Notice to Qualified Plan Trustee(s) - Trustee(s) of Qualified Retirement Plans (such as Money Purchase Plans, Profit Sharing Plans, 401(k) Plans, Defined Benefit Plans, etc.) or 457(b) Plans must provide the Qualified Joint and Survivor Annuity Notice, when applicable, to plan participants.

More Definitions of Defined Benefit Plans

Defined Benefit Plans means, collectively, the Tiffany and Company Pension Plan and the 1994 Tiffany and Company Supplemental Retirement Income Plan.

Defined Benefit Plans shall have the meaning given to it in Section 3.21(f).

Defined Benefit Plans means the tax qualified and non-qualified

Defined Benefit Plans shall have the meaning as described in Section 22.5.1;

Defined Benefit Plans. The Company has noncontributory pension plans covering substantially all of its employees, including certain employees in foreign countries. The Company makes annual contributions to the plans equal to the maximum amount allowable for tax reporting purposes. Future service benefits are determined using a 1.5 percent career average formula. The net periodic pension credit included the following components:

Defined Benefit Plans means any Benefit Plan that is a “registered pension plan” as defined in subsection 248(1) of the Tax Act and which contains a “defined benefit provision” as defined in subsection 147.1(1) of the Tax Act;

Defined Benefit Plans means the following Benefit Plans: the USW/Alabama Gas Corporation Pension Plan, as such plan is in effect as of the date of this Agreement, and the Company Retirement Income Plan, as such plan is contemplated to be created by Section 6.05 of this Agreement.