Plan Trust definition

Plan Trust means the trust governed by the Plan.

Plan Trust means the trust to be established pursuant to the Plan Trust Agreement and Section 5.1(a) of the Plan as of the Effective Date.

Plan Trust means the trust to be established pursuant to the Plan Trust Agreement and Section 5.1(a) of the Plan as of any date between (and inclusive of) the Confirmation Date and the Effective Date.

Examples of Plan Trust in a sentence

• At the direction of the Holder(s) of the Plan, the Issuer will transfer all property held by the Plan Trust directly to another Registered Disability Savings Plan of the Beneficiary without delay.

• The Issuer has ultimate responsibility for the administration of the Plan and the Plan Trust.

• The Board of Trustees or their valid replacements shall be solely responsible for the overall administration of the Plan and shall from time to time, in addition to those listed below, be empowered to make such rules and regulations in respect of the operation of the Plan as they deem necessary through the Plan Trust Document and/or Agreement.

• If the Issuer enters into a contractual arrangement with a third party for the purpose of permitting the third party to perform administrative or other duties under the Plan, the ultimate responsibility for the Plan and the Plan Trust remains with the Issuer as detailed in section 18.

• Therefore, the Issuer shall ensure that the Plan and the Plan Trust are administered in compliance with the requirements of the Applicable Legislation.

More Definitions of Plan Trust

Plan Trust means the trust established under New York law to hold the Plan Trust Stock on and after the Effective Date.

Plan Trust means: the trust that holds and distributes the assets of the Plan.

Plan Trust means the trust established for the benefit of the Plan Trust Beneficiaries on the Effective Date in accordance with the terms of the Plan and the Plan Trust Agreement which shall be a grantor, liquidating trust within the meaning of Treasury Regulation 301.7701-4(d).

Plan Trust means the trust which holds the assets of the Plan pursuant to Sections 401(a) and 501(a) of the Code.

Plan Trust means the Xxxxxxxx-Xxxxx Retirement Trust.

Plan Trust means the trust to be created pursuant to Article IX of the Plan.

Plan Trust means the trust established under the Plan, pursuant to Section 524(g) and/or 105 of the Bankruptcy Code and the Confirmation Order, for the payment of, and into which shall be channeled, all Asbestos Claims against Congoleum and certain of its insurers.