Pension Obligations definition

Pension Obligations means obligations (including any contingent liability or obligation) under any defined benefit pension plan (including by way of guarantee or joint or several liability) of the Company, any of its Affiliates or Persons consolidated with any of the foregoing.

Pension Obligations means the pension benefit liability of the Corporation and its subsidiaries, if any, determined in accordance with IFRS and recognized on the Corporation’s balance sheet.

Pension Obligations means the obligations of the state or any state agency to the Teachers’ Retirement System of Oklahoma imposed by the retirement laws of this state;

Examples of Pension Obligations in a sentence

• For TRS, the long-term expected rate of return on pension plan investments was determined in accordance with Actuarial Standard of Practice (ASOP) No. 27, Selection of Economic Assumptions for Measuring Pension Obligations.

• In our opinion, the economic assumptions have been developed in accordance with the Standard.The Actuarial Standards Board has adopted Actuarial Standard of Practice No. 35, Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations.

• Actuarial AssumptionsThe Actuarial Standards Board has adopted Actuarial Standard of Practice No. 27, Selection of Economic Assumptions for Measuring Pension Obligations.

• ASOP No. 27, Selection of Economic Assumptions for Measuring Pension Obligations, and ASOP No. 35, Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations, provide guidance concerning actuarial assumptions.

• The Actuarial Standards Board (ASB) recently adopted Actuarial Standards of Practice (ASOP) No. 51, Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions.

More Definitions of Pension Obligations

Pension Obligations means any pension, retirement benefits or similar benefits payable under the Pension Plans on or following retirement, termination of employment, disability or death, for or in respect of any Employee or former employee of the Dedicated Companies, or their relevant spouse or dependants; Permitted Encumbrances means (a) Encumbrances for Taxes not due and payable (taking into account any extensions or other arrangements with respect to payment that are permitted by applicable Governmental Authorities or contemplated under applicable Law) or for Taxes the validity of or amount of which is being contested by a members of the Seller’s Group in good faith by appropriate actions, (b) Encumbrances of warehousemen, mechanics and materialmen and other similar statutory Encumbrances incurred in the ordinary course of business, (c) any Encumbrances that do not, individually or in the aggregate, materially detract from the value of any of the applicable property, rights or assets of the businesses or materially interfere with the use thereof, and (d) zoning, entitlement, conservation, restriction or other land use regulation by any Governmental Authority, and Permitted Encumbrance means any one of them or the relevant one of them, as the context requires; Person means an individual, a company or corporation, a partnership, a limited liability company, a trust, an association, a foundation or other legal entity or unincorporated organisation, including a Governmental Authority; Pre-Completion Payables means all payables accrued or owed by any member of the Seller’s Group (excluding the Target Group Companies) to suppliers in relation to ordinary course trading activities of the Business at or prior to the Effective Time;

Pension Obligations has the meaning set forth in Section 7.1.

Pension Obligations means the defined benefit pension obligations of Visteon Innovation & Technology GmbH, Visteon Engineering Services Ltd, Visteon Japan Ltd., Coclisa S.A. de C.V., and Visteon Ardennes Industries SAS in respect of employees of the foregoing companies that are transferred to the Subject Companies as a part of the Climate Transactions. The Pension Obligations shall be determined based on projected benefit obligation levels, net of deferred tax benefit, in the manner and based on the amounts set forth on Schedule 1.4(a), net of pension assets, calculated in accordance with the actuarial assumptions and historical methods of calculation set forth on Schedule 1.4(a) with respect to each such plan.

Pension Obligations means the unfunded portion of the pension obligations of the Target Companies and Target Subsidiaries calculated on a projected benefit obligation basis; provided, that for the purposes of determining the amount of such liabilities as of any date, the methods and assumptions used in calculating such amount shall be the same methods and assumptions employed by Parent in preparing Parent’s audited financial statements (including the footnotes thereto) as of December 31, 2007.

Pension Obligations shall have the meaning set forth in Section 3.16(e).

Pension Obligations means the obligations of the state or any state agency to the retirement systems imposed by the retirement laws in the amounts determined by the governing boards of the retirement systems;

Pension Obligations has the meaning given in Clause 16.1 of Schedule 11 (Warranties);