Plan Reserve definition

Plan Reserve means that portion of the Asset Fund consisting of unallocated Company Contributions; interest earned on contributed funds; dividends payable on Unvested Shares; and forfeited Shares or any resultant proceeds from sale of forfeited Shares, which proceeds shall be for the benefit of CPR. Plan Reserve does not include Participant Contributions or dividends payable on Shares purchased with Participant Contributions even if not yet formally allocated to Participant Accounts.

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Plan Reserve means that portion of the Plan Trust Fund consisting of interest earned on Participant and Company Contributions, unallocated Company Contributions, Cash CUs, forfeited Conversion Units and Units together with the net proceeds resulting from the sale of forfeited Conversion Units and Units and all interest accrued thereon. Plan Reserve does not include Participant Contributions or distributions payable in respect of Unit CUs and Units, as applicable.

Plan Reserve means the reserve established under the Plan from cash on hand and Other Distributable Proceeds for the payment of the Allowed Claims as set forth in Article VIII. B of the Plan.

Examples of Plan Reserve in a sentence

• In addition, in the event Manager reasonably determines that the balance of funds in the Plan Reserve is not sufficient to cover Manager’s estimate of Contingent Costs, Lessee shall deposit into the Plan Account on or before the date of Termination or following a Termination, within ten (10) days after receipt of Manager’s written request therefore, the amount that Manager reasonably determines is sufficient to cover Manager’s estimate of Contingent Costs (the “Contingent Shortfall”).

• Following the expiration of the Contingency Period for a Termination of this Agreement in its entirety, any balance remaining in the Plan Reserve shall be returned to Lessee.

• The Healthcare Plan Committee shall review the Plan Reserve Balance on a quarterly basis, or as deemed necessary by the City Finance Officer or his designee.

• The funds generated from this Assessment shall be placed in a Health Plan Reserve to offset current and future health care cost increases as needed.

• If at any time the balance in the Plan Reserve exceeds twenty percent (20%) of the estimated Health Plan Costs allocable to the Hotels for the then current Plan year, as same may be adjusted from time to time during such Plan year, such excess amounts shall be returned to Lessee.

• Thereafter, Lessee shall be responsible to maintain the level of the Plan Reserve in an amount not less than ten percent (10%) of the estimated Health Plan Costs allocable to the Hotels for the then current Plan year, as same may be adjusted from time to time during such Plan year (the “Minimum Plan Reserve Balance”).

• If in any Plan year the balance in the Plan Reserve falls below the Minimum Plan Reserve Balance, including by reason of transfers of funds to the Plan Account or an increase in the estimated Health Plan Costs allocable to the Hotels for the then current Plan year (the “Reserve Shortfall”), Lessee shall deposit into the Reserve Account the amount of the Reserve Shortfall within ten (10) days after receipt of Manager’s written request therefore.

• Manager may transfer funds (a) from the Plan Reserve to the Plan Account if and as reasonably necessary to maintain at all times sufficient amounts in the Plan Account to pay Health Plan Costs when due and payable, and (b) from the Plan Account to the Plan Reserve if Manager reasonably determines that the balance in the Plan Account (whether by deposit of Health Care Premiums or transfers from the Plan Reserve) exceeds that which is reasonably necessary to pay Health Plan Costs when due and payable.

• The Plan Reserve may pool the reserve funds collected pursuant to any similar requirement contained in any other management agreement covering properties covered by the Plan.

• If at any time during any Plan year the balance in the Plan Reserve allocable to the Hotels falls below the Minimum Plan Reserve Balance, including by reason of transfers of funds to the Plan Account or an increase in the estimated Health Plan Costs allocable to the Hotels for the then current Plan year (the “Reserve Shortfall”), Lessee shall deposit into the Reserve Account the amount of the Reserve Shortfall within ten (10) days after receipt of Manager’s written or emailed request therefore.

More Definitions of Plan Reserve

Plan Reserve means the amount of $0.00.

Plan Reserve means the amount of $10,000,000, provided that upon (i) entry by the Bankruptcy Court of a final order approving a disclosure statement filed by the Borrowers with respect to a plan of reorganization that provides for repayment in full of the Obligations; and (ii) presentation of documentation reasonably satisfactory to the Administrative Agent evidencing that the Borrowers have a binding commitment for exit financing necessary to consummate such plan of reorganization, then such amount shall be $0.00.

Plan Reserve means an amount maintained for a Plan under rule 10.19 and in relation to a Member means the Plan Reserve maintained for the Member’s Plan, if any.

Plan Reserve means the Workers' Compensation Assigned Risk Plan Reserve

Plan Reserve means that portion of the Asset Fund consisting of unallocated Company Contributions; interest earned on contributed funds; and forfeited Shares or any resultant proceeds from sale of forfeited Shares, which proceeds shall be for the benefit of CPR. Plan Reserve does not include Participant Contributions or dividends payable on Shares.