PSI Plan definition
Examples of PSI Plan in a sentence
PSI has made available to IVAX or its representatives correct and complete copies of each PSI Plan.
To the extent requested by IVAX reasonably in advance of the Closing, PSI and Phoenix shall each take all corporate action and shall use their commercially reasonable efforts to take any other action required to terminate, effective as of the Closing Date, each PSI Plan that contains a cash or deferred arrangement subject to Section 401(k) of the Code.
Schedule 3.22.1 also identifies each PSI Plan that constitutes an “employee pension benefit plan” (a “PSI Pension Plan”) or an “employee welfare benefit plan” (a “PSI Welfare Plan”), as such terms are defined in ERISA.
The Transferred Individuals' termination of employment with the Equifax Group as a result of the Distribution shall not constitute a termination of employment for purposes of the PSI Plan.
The Executive’s entitlement to an incentive payment (in the form of Restricted and/or Deferred Stock) under the PSI Plan for the 2009 and 2010 Plan Years will be determined in accordance with the terms of the PSI Plan, consistent with the Executive’s goals under the PSI Plan and the treatment of other executive officers for the applicable Plan Year.
To the extent such audit recommends a change to the value of assets allocated to a PSI Plan of less than 5%, the original determination shall be binding on the parties and shall not be subject to the dispute resolution process provided in Section 7.17.
PSI Plan is or was in compliance with the provisions of all applicable laws, rules and regulations, including, without limitation, ERISA and the Code.
Effective Immediately after the Distribution Date, PSI shall establish the PSI Deferred Compensation Plan and the amounts credited to the accounts of Transferred Individuals under the Equifax Deferred Compensation Plan shall be transferred to the PSI Plan.
Pursuant to Section 3.0 of the PSI Plan, if there is an award to Executive for the 2010 Plan Year, the provisions governing a termination of employment for Early Retirement under Section VII(D) of the EVA Plan will be applied to determine amounts owing to Executive under the PSI Plan.
Nothing contained in this Agreement shall obligate the Corporation to continue the PSI Plan for the 2010 Plan Year, consistent with the Committee’s authority under Section 7.0 of the PSI Plan to terminate it at any time.