Pensionsfonds definition

Pensionsfonds or “Unterstützungskasse”), (II) with respect to any Purchased Company Benefit Plan in Germany, any direct insurances (“Direktversicherungen”), and (III) any pension assets in Contractual Trust Agreements to Purchaser and (B) obtain any consents of applicable plan trustees and plan administrators that either party reasonably considers necessary or desirable in connection with such transfer; provided, however, that such transfer shall not include pensions of (x) any employee other than a Transferred Business Employee and (y) pension obligations that are required by applicable Law to remain with the applicable Seller Entity.
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Examples of Pensionsfonds in a sentence

  • TDCC shall ensure that all premiums in relation to the German Transferred Employees in respect of the Generali Deutschland Pensor Pensionsfonds AG due in respect of the period up to and including the Closing Date have been fully discharged.

  • In case of certain German institutional investors (insurance companies, pension funds (Pensionsfonds) and in certain circumstances also credit institutions, financial services institutions or financial enterprises) there is a risk that the full amount of distributions could be subject to corporate income tax and trade tax resulting in an effective double taxation.

  • For the time being, Siemens AG will continue to provide the administrative services relating to the pension benefits to HC Pensioners in relation to Siemens Pensionsfonds AG based on the aforementioned outsourcing agreement.

  • The Company under this Section 8 shall not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there be a final judgment for the plaintiff, the Company agrees to indemnify each Indemnified Party against any loss, claim, damage, liability or expense by reason of such settlement or judgment.

  • Such outsourcing agreement also comprises the administrative services relating to the pension benefits granted by Siemens Pensionsfonds AG for the benefit of HC Pensioners.

  • Holding AG shall ensure that Daimler Truck AG makes a legally binding and irrev- ocable declaration to Daimler AG at the time this Agreement takes effect that it will not assert the claims granted to it in Clause 34.7 of the Hive-Down Agreement Future in the event of excess cover of Daimler Pensionsfonds AG for the pro rata retransfer of assets pursuant to § 3b para.

  • For this, Siemens Pensionsfonds AG will debit the corresponding reimbursement amounts from the account established for HC with Siemens Pensionsfonds AG.

  • To the extent that Siemens AG has made or makes payments in respect of pension obligations towards HC Pensioners which are settled through Siemens Pensionsfonds AG and has received or receives reimbursement for this from Siemens Pensionsfonds AG, Siemens AG cannot demand further reimbursement under sentence 1 above.

  • The operation and settlement of part of the pension commitments given to former employees of the Healthcare business was transferred to Siemens Pensionsfonds AG, a pension fund established by Siemens AG, in 2006, whereas Siemens AG by operation of law remains liable as debtor in default for the fulfillment of the pension commitments.

  • In accordance with the provisions of this Spin-off and Transfer Agreement, the legal relationship between Siemens AG and Siemens Pensionsfonds AG and the rights and obligations resulting therefrom are also to be transferred to HC GmbH to the extent that they relate to former employees of the Healthcare business.

Related to Pensionsfonds

  • Pensions means annual payments for life derived from contributions made by the employer that at the time of retirement are credited into the annuity and pension reserve fund from the employers' accumulation fund and paid from the annuity and pension reserve fund as provided in this chapter. All pensions shall be paid in twelve equal monthly installments.

  • pension means a pension or annual allowance paid under the Public Service Superannuation Act (PSSA), R.S., 1985, c. P-36, and any increases paid pursuant to the Supplementary Retirement Benefits Act, R.S., 1985, c. S-24 as it affects the PSSA. It does not include pensions payable pursuant to the Canadian Forces Superannuation Act, R.S., 1985, c. C-17, the Defence Services Pension Continuation Act, 1970, c. D-3, the Royal Canadian Mounted Police Pension Continuation Act , 1970, c. R-10, and the Royal Canadian Mounted Police Superannuation Act, R.S., 1985, c. R-11, the Members of Parliament Retiring Allowances Act, R.S. 1985, c. M-5, and that portion of pension payable to the Canada Pension Plan Act, R.S., 1985, c. C-8.

  • Pension Schemes means the Nord Anglia Joint Pension Scheme, the Wyburn School Limited Pension Life Assurance Scheme (1985) and the Lifetime Pension Scheme, and “Pension Scheme” means any one of them.

  • Pension Scheme means the superannuation scheme continued by section 29(c) of the Act;

  • Pensioner means any person who is receiving a pension, other than