Parent Pension Plans definition

Parent Pension Plans means any “employee pension benefit plan” as defined in Section 3(2) of ERISA providing benefits for or the remuneration of Parent Personnel.
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Parent Pension Plans has the meaning set forth in Section 6.1.
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Parent Pension Plans mean the Parent Qualified Pension Plan and the Parent Non-Qualified Pension Plan.
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Examples of Parent Pension Plans in a sentence

  • Such earnings or losses shall be determined based on the actual rates of return of each of the affected Parent Pension Plans for the period commencing as of the Effective Time and ending as close as administratively practicable to the Final Transfer Date.

  • In the event that Allegion is obligated to cause the Schlage Lock Company LLC Pension Plan to reimburse any or all of the Parent Pension Plans pursuant to this Section 6.2(b)(v), such reimbursements shall be performed in accordance with the same principles set forth herein with respect to the payment of the True-Up Amount.

  • Effective as of the Effective Time, Allegion (acting directly or through members of the Allegion Group) hereby agrees to cause the Schlage Lock Company LLC Pension Plan to assume, fully perform, pay, and discharge all Liabilities under the Parent Pension Plans relating to all Schlage Lock Company LLC Pension Plan Participants as of the Effective Time.

  • The True-Up Amounts, if any, shall be paid individually from the affected Parent Pension Plans to the Schlage Lock Company LLC Pension Plan, as determined by IR in its discretion in kind (if acceptable to Allegion), in cash, cash equivalents or securities, and shall be adjusted to reflect fees or charges paid or incurred, and earnings or losses during the period from the Effective Time to the Final Transfer Date.

  • IR shall satisfy its obligation pursuant to this Section 6.2(b)(iii) by causing the trust of the Parent Pension Plans to transfer Assets equal to the Initial Transfer Amount.

  • The Parties acknowledge that the Schlage Lock Company LLC Pension Plan's transfer of such reimbursement amounts to the affected Parent Pension Plans shall be in full settlement and satisfaction of the obligations of Allegion to cause the transfer of, and the Schlage Lock Company LLC Pension Plan to transfer, Assets to the Parent Pension Plans pursuant to this Section 6.2(b)(v).

  • The Parties acknowledge that the Parent Pension Plans' transfer of the True-Up Amounts to the Schlage Lock Company LLC Pension Plan shall be in full settlement and satisfaction of the obligations of IR to cause the transfer of, and the Parent Pension Plans to transfer, Assets to the Schlage Lock Company LLC Pension Plan pursuant to this Section 6.2(b)(v).


More Definitions of Parent Pension Plans

Parent Pension Plans means the MDU Resources Group, Inc. Pension Plan for Non-Bargaining Unit Employees, MDU Resources Group, Inc. Pension Plan for Collective Bargaining Unit Employees, Williston Basin Interstate Pipeline Company Pension Plan and Retirement Plan for Employees of Cascade Natural Gas Corporation.
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Parent Pension Plans has the meaning set forth in Section 4.10(a) hereof.
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Parent Pension Plans has the meaning set forth in Section 6.1. “Party” or “Parties” has the meaning set forth in the preamble to this Agreement. “Person” has the meaning set forth in the Distribution Agreement. “Privacy Contract” means any contract entered into in connection with applicable privacy protection Laws or regulations. “Regular Trading Hours” means the period beginning at 9:30 A.M. New York City time and ending at 4:00 P.M. New York City time. “Revised Pension Plan Transfer Amount” shall have the meaning set forth in Section 6.2(b)(iv). “Schlage Lock Company LLC 401(k) Plans” has the meaning set forth in Section 7.1. “Schlage Lock Company LLC 401(k) Plan Beneficiaries” has the meaning set forth in Section 7.2. “Schlage Lock Company LLC Pension Plan” shall have the meaning set forth in Section 6.1. “Schlage Lock Company LLC Pension Plan Participants” shall have the meaning set forth in Section 6.1. “Subsidiary” has the meaning set forth in the Distribution Agreement. “Tax” has the meaning set forth in the Tax Matters Agreement. “Tax Matters Agreement” means the Tax Matters Agreement, dated as of [•], 2013 by and among IR and Allegion. “Trading Day” means the period of time during any given calendar day, commencing with the determination of the opening price on the NYSE and ending with the determination of the closing price on the NYSE, in which trading and settlement in IR Ordinary Shares or Allegion Ordinary Shares are permitted on the NYSE. “Transaction” has the meaning set forth in the recitals to this Agreement. “Transferred Group Adoption Date” means the applicable date prior to the Effective Time on which IR and/or Allegion determine to have any or all of the Allegion Benefit Plans adopted by a Transferred Group Entity. “Transferred Group Entity” means each IR Entity that will become an Allegion Entity as of the Effective Time. “Transition Services Agreement” has the meaning set forth in the Distribution Agreement. “True-Up Amount” has the meaning set forth in Section 6.2(b)(v). “Unexercisable IR Award” has the meaning set forth in Section 4.2(a)(ii)(A). “U.S.” means the United States of America. “WARN” means the U.S. Worker Adjustment and Retraining Notification Act, as amended, and the regulations promulgated thereunder, and any applicable state or local Law equivalent. “Welfare Plan” means, where applicable, a “welfare plan” (as defined in Section 3(1) of ERISA) or a “cafeteria plan” under Section 125 of the Code, and any benefits offered thereunder, and any...
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Parent Pension Plans means all “employee pension benefit plans” as defined in Section 3(2) of ERISA of Parent or any of its Subsidiaries.
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Parent Pension Plans has the meaning set forth in Section 7.04(d)(i).
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Parent Pension Plans means all “employee pension benefit plans” as defined in Section 3(2) of ERISA of Parent or any of its Subsidiaries. “Parent Preferred Stock” shall have the meaning set forth in Section 5.4(a).
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Related to Parent Pension Plans

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Loan Party or any Subsidiary of any Loan Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Canadian Pension Plan means any Canadian Employee Benefit Plan, other than a Canadian Multiemployer Plan, which is registered in accordance with the ITA or other Applicable Law and which (a) is maintained for the employees of the Borrower or any of its Subsidiaries or (b) has at any time within the preceding six (6) years been maintained for the employees of the Borrower or any of its Subsidiaries which the Borrower or any of its Subsidiaries sponsors, maintains, or to which it makes, is making or is obligated to make, contributions, and shall not include any Pension Plan.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the Income Tax Act (Canada).

  • Pension Plans The meaning specified in Section 4.1(v).

  • Parent Plans has the meaning set forth in Section 6.4(c).

  • Canadian Benefit Plan means any plan, fund, program or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Loan Party has any liability with respect to any of its employees or former employees employed in Canada, and includes any Canadian Pension Plan.

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the Company or any other member of the Controlled Group may have any liability.

  • Foreign Pension Plan means any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States by the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower 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.

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

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Parent ERISA Affiliate means any entity that is considered a single employer with Parent under Section 414 of the Code.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Pension Plan means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Employee Plans has the meaning set forth in Section 3.14(b).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Company Plans has the meaning set forth in Section 4.10(a).

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;