Economic Liability definition
Economic Liability means the present value of all projected future benefit payments ("PVFB") less the PVFB earned after the applicable Leasing Company Contribution Date under the ongoing Newco plans (excluding the transition benefits identified on Appendix 4.4(m)(i)(w)
1.1 attached hereto). Present value calculations will utilize an annual discount rate of 8.50%, unless otherwise agreed to by the Parties. The calculation of Economic Liability shall be performed by Chicago Consulting Actuaries and shall utilize such other actuarial assumptions as may be mutually agreed upon by the Parties.
Examples of Economic Liability in a sentence
In determining whether there is Seller Economic Liability, the maximum amount payable with respect to other pending claims under Section 10.3 (including other Tax Claims) shall be taken into account.