Pension Liabilities definition

Pension Liabilities means liabilities attributable to or associated with the provision under a relevant pension scheme of pensions or other benefits.

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Pension Liabilities means any current or future obligations, liabilities or underfunding in relation to pension plans, retiree medical and any other long-term pension, welfare or benefit plans and any similar plans, programs and obligations.

Pension Liabilities means the liabilities under Pension Arrangements pertaining to the JD Holdings II Subsidiaries and the ▇▇▇▇▇▇▇ Polymer Subsidiaries whether organized under either internally or externally financed arrangements, both of a single and multi-employer nature, which are transferred to and assumed by Buyer in connection with the transfer of Equity Interests. Such obligations shall be determined as of the Closing valued as the Projected Benefit Obligation on an FAS 87, 106 or 112 basis, as applicable (or, if FAS 87, 106 or 112 is not applicable, using accounting principles consistent with FAS 87, 106, or 112, as appropriate) using the Projected Unit Credit Method (PUC) based on plan provisions as in effect at Closing and applying the economic and demographic assumptions as specified in Exhibit 12.05 hereto.

Examples of Pension Liabilities in a sentence

• As of the Effective Date (i) the amount of all Unfunded Pension Liabilities under the Pension Plans, excluding any plan that is a Multiemployer Plan, does not exceed $0, and (ii) the amount of the aggregate Unrecognized Retiree Welfare Liability under all applicable Employee Benefit Plans does not exceed $100,000.

• All required contributions have been and will be made in accordance with the provisions of each Qualified Plan and Multiemployer Plan, and with respect to Borrower or any ERISA Affiliate, there are, have been and will be no material Unfunded Pension Liabilities or Withdrawal Liabilities.

• To the extent an event or condition specified in this Section has a reasonable likelihood of having a Material Adverse Effect, (a) terminate any Plan subject to Title IV of ERISA, (b) permit to exist any ERISA Event, (c) enter into any new Plan or modify any existing Plan so as to increase its obligations thereunder except in the Ordinary Course of Business or (d) permit the existence of Unfunded Pension Liabilities.

• None of the Qualified Plans has Unfunded Pension Liabilities as to which the Company is or may be liable, and which would reasonably be expected to have a Material Adverse Effect.

• Except as could not reasonably be expected to result in a Material Adverse Effect, (i) no ERISA Event has occurred and no condition exists with respect to any Pension Plan or Multiemployer Plan, as applicable, and (ii) no Pension Plan has any Unfunded Pension Liabilities.

More Definitions of Pension Liabilities

Pension Liabilities means any and all Liabilities and obligations related to (i) any type of pension or retirement scheme or plan for the benefit of any Transferred Employee, and supplementary pensions funded or unfunded, and (ii) any and all other pension or other retirement liabilities for the benefit of any Transferred Employee and their respective beneficiaries, but excluding any social security contributions in France, as well as any payments to caisses mutuelles, healthcare or welfare schemes and any other defined contributions costs to the extent they do not give rise to a pension liability of the employer;

Pension Liabilities means all liabilities and obligations of the Acquired Companies as of Completion pursuant to the Pension Schemes to make payments or contributions in respect of Employees or Former Employees;

Pension Liabilities means the Liabilities determined as of the Closing under Pension Arrangements pertaining to the Business and attributable to Business Employees and Former Employees, whether organized under either internally or externally financed arrangements, which are transferred to and assumed by Buyers or their Affiliates (including the Sold Companies after the Closing). With respect to Pension Liabilities:

Pension Liabilities means all liabilities of the Company owed to former and current employees of the Company under the Collective Bargaining Agreements, as calculated by Optimind Winter, an independent actuarial expert.

Pension Liabilities means, 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.

Pension Liabilities means all Liabilities under pension commitments and pension schemes as of the Closing Date as reflected on the books and records of the BevCan Companies according to IAS or, in respect of Liabilities

Pension Liabilities shall have the meaning set forth in Section 2.9(b)(i).