Non-U.S. Pension Plan means any plan, scheme, fund (including any superannuation fund) or other similar program established, sponsored or maintained outside the United States by the Company or any one or more of its Subsidiaries primarily for the benefit of employees of the Company or such Subsidiaries residing outside the United States, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.
Non-U.S. Pension Plan means any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States of America by Holdings, the Borrowers or any Subsidiary primarily for the benefit of employees of Holdings, the Borrowers or any Subsidiary residing outside the United States of America (other than in Canada), which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.
Non-U.S. Pension Plan means each Employee Benefit Plan that is maintained outside of the United States and that is (i) a defined benefit pension plan or (ii) a benefit plan that is subject to minimum funding standards under applicable Laws.
Examples of Non-U.S. Pension Plan in a sentence
As of the Effective Time, the Xxxxxxx Controls Group shall retain (or establish or assume to the extent necessary) sponsorship of the Xxxxxxx Controls Non-U.S. Pension Plan, and, from and after the Effective Time, all Assets and Liabilities thereunder shall be the Assets and Liabilities of the Xxxxxxx Controls Group.
More Definitions of Non-U.S. Pension Plan
Non-U.S. Pension Plan means any benefit plan that under applicable law other than the laws of the United States or any political subdivision thereof, is required to be funded through a trust or other funding vehicle other than a trust or funding vehicle maintained exclusively by a governmental authority.
Non-U.S. Pension Plan means any plan, fund, or other similar program established or maintained outside the United States of America by the Company or any one or more of its Subsidiaries primarily for the benefit of employees of the Company or such Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides for retirement income for such employees or a deferral of income for such employees in contemplation of retirement and is not subject to ERISA or the Code.
Non-U.S. Pension Plan means any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States of America by the Parent, the Company, Essex or any one or more of their respective Subsidiaries primarily for the benefit of employees of the Parent, the Company, Essex or such Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment or any such plan as to which the Parent, the Company, Essex or any of their respective Subsidiaries may have any liability.
Non-U.S. Pension Plan means each “pension plan” as defined in Section 3(2) of ERISA (whether or not subject to ERISA) and each other Benefit Plan providing cash compensation upon retirement or termination of employment based on service with an employer, including for the avoidance of doubt, termination indemnity and seniority premium arrangements, providing benefits to employees of Seller or its Affiliates (including any Business Employees) who are or were primarily employed outside the U.S.
Non-U.S. Pension Plan means a “pension plan”, as such term is defined in Section 3(2) of ERISA, which is a defined benefit retirement plan that is subject to laws of a country other than the United States, and to which any Loan Party or any member of the Controlled Group is obligated to contribute or otherwise has or may have any liability.
Non-U.S. Pension Plan means any plan, fund, scheme, or program that (i) is not subject to United States law, (ii) provides retirement income to employees or results in the deferral of income by employees for periods extending to the termination of covered employment or beyond, (iii) is maintained or contributed to by any Loan Party or any Subsidiary or with respect to which any such entities could reasonably be expected to have any current, future or contingent liability or responsibility, and (iv) is maintained for or contributed to on behalf of employees whose principal place of employment is outside the United States.
Non-U.S. Pension Plan any Plan providing pension benefits to employees located primarily outside of the United States.