PEC 401(k) Plan definition

PEC 401(k) Plan means the Peabody Investments Corp. Employee Retirement Account.
Sample 1Sample 2

Examples of PEC 401(k) Plan in a sentence

  • The PEC Common Stock investment alternative shall remain available under the Patriot 401(k) Plan for up to two years (as determined by the Patriot 401(k) Plan fiduciaries in their sole discretion) only with respect to accounts transferred from the PEC 401(k) Plan as described in paragraph (b) above and only to the extent that such accounts are invested in PEC Common Stock at the time of the transfer.

  • No later than thirty (30) days prior to the Distribution Date, PEC shall, if necessary, file IRS Form 5310-A regarding the transfer of Assets and Liabilities from the PEC 401(k) Plan to the Patriot 401(k) Plan as discussed in this Article 3.

  • The PEC 401(k) Plan accounts of individuals who become Patriot Participants after the Distribution Date that are not transferred to the Patriot 401(k) Plan pursuant to the procedure described above shall be governed by the regular terms of the PEC 401(k) Plan.

  • All contributions payable to the PEC 401(k) Plan through the Distribution Date with respect to employee deferrals and contributions for PEC Employees who become Patriot Employees as of the Distribution Date, determined in accordance with the terms and provisions of the PEC 401(k) Plan, ERISA and the Code, shall be paid by PEC (or its affiliate) to the PEC 401(k) Plan prior to the date of the asset transfer described in paragraph (b) above.

Related to PEC 401(k) Plan

  • Company 401(k) Plan shall have the meaning set forth in Section 4.11(f).

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

  • 401(k) Plan has the meaning set forth in Section 6.10.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Seller 401(k) Plan has the meaning set forth in Section 6(e) below.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

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

  • 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.

  • 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;

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

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

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • 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.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • HACCP plan means a written document that delineates the formal procedures for following the Hazard Analysis Critical Control Point principles developed by The National Advisory Committee on Microbiological Criteria for Foods.

  • 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.

  • Dental plan means any dental insurance policy, including those of nonprofit health service plans, and those of commercial group, blanket, and individual policies, any subscriber contracts issued by Health Maintenance Organizations (HMOs), and any other established programs under which the insured may make a claim. The term Dental Plan includes coverage under a governmental plan, or coverage required to be provided by law. This does not include a State plan under Medicaid (Title XIX, Grants to States for Medical Assistance Programs, of the United States Social Security Act, as amended from time to time.)