Projected Benefit Obligation definition

Projected Benefit Obligation has the meaning set forth in Section 8.01.
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Projected Benefit Obligation. PBO”: The net present value of projected future pension payments under the Relevant Pension Scheme which are gained the year in which the calculation is made. The calculation methods applied in the latest available adopted annual accounts according to Norwegian accounting rules shall be applied.
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Projected Benefit Obligation means the actuarial present value of all benefits attributed by the Foreign Plan’s benefit formula to employee service rendered prior to the valuation date, including an assumption for future compensation levels.
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Examples of Projected Benefit Obligation in a sentence

  • Further it also requires assets in profit or loss to be restricted to government bond yields or corporate bond yields, considered for valuation of Projected Benefit Obligation, irrespective of actual portfolio allocations.

  • Further it also requires asset in profit or loss to be restricted to government bond yields or corporate bond yields, considered for valuation of Projected Benefit Obligation, irrespective of actual portfolio allocations.

  • Projected Benefit Obligation represents the actuarial present value of vested and non-vested benefit obligation based on expected future Total Compensation of Executives.

  • This change in policy has resulted in approximately 20% appreciation of the RMB against the U.S. dollar between July 21, 2005 and December 31, 2010.

  • The discount rate is utilized principally in calculating our pension obligations, which are represented by the Accumulated Benefit Obligation (ABO) and the Projected Benefit Obligation (PBO), and in calculating net periodic benefit cost.

  • Actuarial Present Value of Projected Benefit Obligation: The discount rate was determined based on Moody’s AAA Bond Rating and the rate applied was within the range of expected experience.

  • This clarification resolves the issue of whether measurement of the liability is based on the Accumulated Benefit Obligation (an ABO calculation) or the Projected Benefit Obligation (PBO).

  • Actuarial Present Value of Projected Benefit Obligation: The discount rate was determined based on Moody’s Aaa Bond Rating as reported on the last business day of the plan year plus 0.50%.

  • For example, where Theobald agreed to make the play fit for performance, he later seems to have abandoned this agreement.

  • Reconciliation of funded status at valuation date: (a) Accrued Benefit Obligation (ABO) (97,661)(93,740)(130,024)(137,815)(152,350)(b) Projected Benefit Obligation (PBO) (130,116)(126,200)(175,847)(186,598)(206,454)(c) Fair Value of Assets 96,024110,85292,799133,829169,289(d) Funded Status: (b) + (c) (34,091)(e) Unamortized net actuarial gain)/loss 42,093 (15,347)20,299 (83,048)90,715 (52,769)62,417 (37,165)45,445 (f) Accrued benefit asset/(liability)8,0024,9517,6679,6478,280 2.


More Definitions of Projected Benefit Obligation

Projected Benefit Obligation has the meaning given such term by Japan GAAP.
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Projected Benefit Obligation or “PBO” means the projected benefit obligation as that term is defined in SFAS §87, as of the Transfer Date.
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Projected Benefit Obligation shall have the meaning set forth in Section 5.18(d)(v).
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Projected Benefit Obligation means projected benefit obligation within the meaning of the Statement of Financial Accounting Standards No. 87 with respect to each Pension Plan, and will be determined using the actuarial methods and assumptions as used for the most recent fiscal year-end financial statement disclosure calculation, with the exception of discount rate. The discount rate assumption shall reflect the economic environment at the actual date of liability determination, following a similar methodology as was used to determine discount rate at the most recent fiscal year-end.
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Projected Benefit Obligation and "Accumulated Benefit Obligation" shall be given the meanings assigned to them in FAS 87 and the "Projected Benefit Obligation" and the "Accumulated Benefit Obligation" shall be calculated in accordance with FAS 87 and on the basis of the actuarial assumptions and methods set forth in Schedule 2.7.
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Related to Projected Benefit Obligation

  • Other Benefit Obligations means all obligations, arrangements, or customary practices, whether or not legally enforceable, to provide benefits, other than salary, as compensation for services rendered, to present or former directors, employees, or agents, other than obligations, arrangements, and practices that are Plans. Other Benefit Obligations include consulting agreements under which the compensation paid does not depend upon the amount of service rendered, sabbatical policies, severance payment policies, and fringe benefits within the meaning of IRC ss. 132.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Benefit Amount shall have the meaning set forth in Section 20.12 hereof.

  • Unfunded Benefit Liabilities means with respect to any Plan at any time, the amount (if any) by which (i) the present value of all benefit liabilities under such Plan as defined in Section 4001(a)(16) of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan (on the basis of assumptions prescribed by the PBGC for the purpose of Section 4044 of ERISA).

  • Average final compensation means the average annual creditable compensation of a member during

  • Final compensation of a member means:

  • Extended benefit period means a period which:

  • Final Average Compensation means the average annual

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Net Benefits Test means a calculation to determine whether the benefits of a reduction in price resulting from the dispatch of Economic Load Response exceeds the cost to other loads resulting from the billing unit effects of the load reduction, as specified in Operating Agreement, Schedule 1, section 3.3A.4 and the parallel provisions of Tariff, Attachment K-Appendix, section 3.3A.4.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Vested Benefits means amounts that are vested or that Executive is otherwise entitled to receive, without the performance by Executive of further services or the resolution of a contingency, under the terms of or in accordance with any investment and savings plan or retirement plan (including any plan providing retiree medical benefits) of the Company or its affiliates, and any ERPs or ESPs related thereto, and any deferred compensation or employee stock purchase plan or similar plan or program of the Company or its affiliates.

  • benefit liabilities has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the meaning specified in section 3 of ERISA.

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).