Pension Assets definition

Pension Assets is defined in Section 11.2.1(d)(i).
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Pension Assets means contributions collected under MRPS and the return on investment of such contributions as defined in the Pension Act.
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Pension Assets means, as of the Closing Date, the aggregate fair market value of the assets of the applicable Funded Pension Plan and "Pension Liabilities" shall mean, as of the Closing Date, the accumulated benefit obligations (as defined under FAS No. 87) under the applicable Funded Pension Plan, which, in each case, shall be determined on the basis of the methodologies and assumptions with respect to the applicable Funded Pension Plan utilized in Audited Financial Statements as set forth in Section 6.8(n)(iv) of the Disclosure Schedule, provided that (x) the exchange rate, to the extent applicable, will be determined as of the Closing Date in accordance with the Currency Conversion Rules, (y) the participant census information shall be actual census information with respect to the applicable Funded Pension Plan as of the Closing Date, and (z) creditable service will be that performed on or before the Closing Date.
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Examples of Pension Assets in a sentence

  • By way of illustration, if the Parent Master Trusts holds 100 units of a collective investment fund ABC and the SpinCo Pension Assets constitute 7% of the Assets of the Parent Master Trust as of the Initial Transfer, seven units of collective investment fund ABC shall be transferred from the Parent Master Trust to the SpinCo Master Trust on the Distribution Date.

  • Under no circumstances shall Seller or the Seller's Pension Plans be liable to transfer any additional amount to Buyer or a Buyer Pension Plan or any other person in respect of the accrued benefits transferred to a Buyer Pension Plan pursuant to Section (c) of this Section 11.2.1, including but not limited to any circumstance under which any person (including a governmental agency) states a claim to some portion or all of the Pension Assets.

  • The transfer of the CRC Pension Assets shall be in the form of cash or such other Assets as may be selected by the appropriate fiduciary of the OPC Master Trust in its sole discretion.

  • In connection with the transfer of CRC Pension Assets, the Parties (each acting directly or through their respective Affiliates) shall, to the extent necessary, file Internal Revenue Service Form 5310-A regarding the transfer of CRC Pension Assets from the OPC Master Trust to the CRC Pension Trust as provided in this Section 6.2.

  • Through and including the Pension Transfer Date, OPC shall remain primarily responsible for causing benefits due under the THUMS Pension Plan through such date to be paid from the OPC Master Trust, with any such benefits paid reducing the CRC Pension Assets.


More Definitions of Pension Assets

Pension Assets means the aggregate fair market value as of the Closing Date of the Assets attributable to the Pension Liabilities.
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Pension Assets shall have the meaning set forth in Section 2.6.
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Pension Assets has the meaning set forth in Section 8.7(e)(1).
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Pension Assets means, contributions collected under this Act, and the return on
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Pension Assets means the sum of the fair market value of such plan’s assets as of the Closing Date.
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Pension Assets means the assets of the USS Non-Union Plan.
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Pension Assets means the sum of the assets acquired in exchange for funds of the cumulative pension contributions (including the temporarily uninvested part of these funds) and investment income (costs) received from these assets (funds) (Paragraph 11 (wording of 3 December 2002) of Article 2) from which pension payments are paid (Paragraph 2 (wording of 3 December 2002) of Article 5) and which shall be inherited in accordance with the procedure laid down by the Civil Code of the Republic of Lithuania (Paragraph 3 (wording of 4 July 2003) of Article 5).
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