PEC Pension Plan definition
PEC Pension Plan means the Peabody Investments Corp. Retirement Plan for Salaried Employees.
PEC Pension Plan means the Retirement Income Plan of PanEnergy Corp and Participating Affiliates (as amended and restated effective January 1, 1995). "PEC Savings Plan" shall mean the Employees' Savings Plan of PanEnergy Corp and Participating Affiliates. "PEPL" shall have the meaning set forth in the recitals to this Agreement. "PEPL Cleanup Program" shall mean only those components (assessment, air system decontamination, and remediation), of the program generally described in Section 1.1(b) of the Disclosure Schedule, yet to be completed at the 18 sites identified in Schedule 3.17(a). The remediation component of the PEPL Cleanup Program will include the uncompleted remedial actions for PCB and TPH (or its constituents of concern) in soils, sediment and groundwater as specifically identified in the associated assessments undertaken as part of such Program to the least stringent cleanup levels applicable to the real property as it is currently used. "PEPL Companies" shall mean PSC, LNG, PEPL, TGC, Pan Gas Storage Company and Trunkline Gas Resources, Inc. "Person" or "person" shall mean and includes any individual, partnership, joint venture, corporation, Governmental Authority, business trust, association, joint stock company, trust, unincorporated organization, limited liability company or similar entity. "Representatives" shall mean the Affiliates of a party to this Agreement and the respective directors, officers, employees, representatives or agents of such party. "Securities Act" shall mean the Securities Act of 1933, as amended, together with the rules and regulations promulgated thereunder. "Sellers" shall have the meaning set forth in the preamble to this Agreement. "Shares" shall have the meaning set forth in the recitals to this Agreement. "Sold Subsidiaries" shall have the meaning set forth in the recitals to this Agreement. "Statement of Assets and Liabilities" shall mean the pro forma balance sheet of the PEPL Companies, after giving effect to the transactions contemplated by Section 2.3 of this Agreement, at September 30, 1998 as set forth in Section 1.1(c) of the Disclosure Schedule. "Straddle Period" shall mean any taxable year or period beginning before and ending after the Closing Date. "Subsidiary" shall mean, with respect to any Person, (i) each corporation, partnership, joint venture or other legal entity of which such Person owns, either directly or indirectly, 50% or more of the stock or other equity interests the holders of which are generally ent...
PEC Pension Plan means the Retirement Income Plan of PanEnergy Corp and Participating Affiliates (as amended and restated effective January 1, 1995).