Orion Plan definition

Orion Plan means an asset divestiture plan with respect to MEGTEC and Universal, which plan will include a detailed description of the analysis performed by the CIO to determine the process and timing to effectuate such sale and a detailed rationale for such decisions.

Examples of Orion Plan in a sentence

  • Accordingly, the objections to confirmation of the Orion Plan by the Debtor and Elizabeth Asch based upon a lack of good faith under section 1129(a)(3) are overruled.

  • The Debtor’s objection to confirmation of the Orion Plan based upon the offering and sale of the debentures under the Orion Plan is overruled.

  • Accordingly, the Debtor’s objection to the membership provisions of the Orion Plan is overruled.

  • Both the Orion Plan and the Debtor’s Plan provide for the Debtor’s assets to be acquired on the effective date of the plan, either by merger or purchase, by an acquiring entity formed solely for that purpose.

  • The only change in circumstances since the approval of the disclosure statement for the Orion Plan is the settlement with the City of Lebanon.

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  • Under the Orion Plan, payments to unsecured creditors will be made over ten years.The Debtor’s Plan is estimated to pay unsecured creditors a greater dividend over a significantly shorter period of time.

  • While the Court has found that both competing plans are feasible, the Debtor’s Plan pays unsecured creditors over five years while the Orion Plan pays unsecured creditors over ten years.

  • If Orion were to be successful in recharacterizing or subordinating the Elizabeth Asch claims, and the Debtor had the worst possible result in resolving the disputed unsecured claims under its plan, the Orion Plan would pay a 75% dividend while the Debtor’s Plan would pay a 68% dividend.

  • Notwithstanding the foregoing, if an Employee was a participant in the Orion Plan on December 31, 1997 (an "Orion Participant"), such Employee shall become a Participant in this Plan effective January 1, 1998.

Related to Orion Plan

  • Action Plan means an action plan as defined in the AEP Regulations in relation to the Premises;]

  • Parent Plan has the meaning set forth in Section 7.8(b).

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and

  • Annual Action Plan means any of the plans referred to in Section 3.05

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • EHC plan means an Education, Health and Care plan made under sections 37(2) of the Children and Families Act 2014.

  • Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.

  • Equity Plan means any stock or equity purchase plan, restricted stock or equity plan or other similar equity compensation plan now or hereafter adopted by the Partnership or the General Partner, including the Plan.

  • Implementation Plan means the schedule included in the Statement of Work setting forth the sequence of events for the performance of Services under the Statement of Work, including the Milestones and Milestone Dates.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Exit Plan means the exit management plan developed by the Contractor and approved by the Authority in accordance with Clause 44 (Exit Management).

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • resolution plan means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II;

  • Company Incentive Plan shall have the meaning assigned to it in Section 1.7 hereof.

  • Mitigation plan means a proposal that includes the process or means to achieve carbon dioxide mitigation through use of mitigation projects or carbon credits.

  • International Plan means any Employee Plan that is not a US Plan.

  • RBC plan means a comprehensive financial plan containing the elements specified in K.S.A. 40-2c06, and amendments thereto. If the commissioner rejects the RBC plan, and it is revised by the insurer, with or without the commissioner's recommendation, the plan shall be called the "revised RBC plan."

  • Incentive Plan means any plan providing compensation that depends on achieving certain performance goals or similar conditions within a specified period;

  • Basin plan means the same as “water quality control plan” as defined in Division 7 (commencing with Section 13000) of the Water Code. Basin Plans are adopted by each Regional Water Board, approved by the State Water Board and the Office of Administrative Law, and identify surface water and groundwater bodies within each Region’s boundaries and establish, for each, its respective beneficial uses and water quality objectives. Copies are available from the Regional Water Boards, electronically at each Regional Water Boards website, or at the State Water Board’s Plans and Policies web page (http://www.waterboards.ca.gov/plans_policies/).

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • Supplemental Plan means a written plan for a child outlining the agency's plan to locate a permanent placement for the child and which may be developed concurrently with the case plan.