Restricted Pension Closing Amounts definition

Restricted Pension Closing Amounts means the Buyer Restricted First Pension Closing Amount, the Buyer Restricted Second Pension Closing Amount, the Buyer Restricted Third Pension Closing Amount and the Buyer Restricted Fourth Pension Closing Amount. “Restricted Territory” has the meaning set forth in Section 12.2(d). “Retained Employees” means those current Employees whose employment will be retained by or transferred to a Sellers’ Retained Group Company as part of the Reorganization Transactions or the UK Pensions Reorganization, and any other current Employees as agreed by General Motors and the Buyer on or prior to Closing. “Retained Fincos” has the meaning set forth in Section 10.1(b)(iv) “Retained UK Pension Plans” has the meaning set forth in Exhibit 6.4(b). For the avoidance of doubt, Retained UK Pension Plans shall not include the Vauxhall Defined Contribution Pension Plan. “Retained UK VAT Group Companies” means Chevrolet UK Ltd, GM Investment Trustees Limited, GM Retirees Pension Trustees Limited, GM (UK) Pension Trustees Limited, Vauxhall Properties Limited, Lidlington Engineering Company, Ltd, Millbrook Pension Management Limited, General Motors Limited, GM Holdings UK No. 1
Sample 1

Examples of Restricted Pension Closing Amounts in a sentence

  • Where the relevant Pension Plan has been established through an independent pension fund, trust or other similar vehicle (a “Pension Fund”), the Buyer shall, or shall cause any of its Affiliates to, contribute the relevant portion of the Restricted Pension Closing Amounts into such Pension Fund.

  • The Buyer shall cause the Buyer CTAs and Agreed Pension Vehicles to use the Restricted Pension Closing Amounts for the payment of the applicable benefits to the Employees whose benefits were included in the calculation of such amount, respectively.

Related to Restricted Pension Closing Amounts

  • Closing Amount has the meaning set forth in Section 2.3.

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Closing Date Payment has the meaning set forth in Section 2.04(a)(i).

  • Final Closing Indebtedness has the meaning set forth in Section 3.3(b).

  • AHYDO Catch-Up Payment means any payment, including payments made on subordinated debt obligations, in each case to the extent such payment is necessary to avoid the application of Section 163(e)(5) of the Code.

  • Earnout Payments has the meaning set forth in Section 2.2(a).

  • Final Closing Date shall have the meaning specified in Section 7.2(a) hereof.

  • Closing Date Term Loans as defined in Section 2.1.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Deferred Payments means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries), that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payment means any severance pay or benefits to be paid or provided to Executive (or Executive’s estate or beneficiaries) pursuant to this Agreement and any other severance payments or separation benefits, that in each case, when considered together, are considered deferred compensation under Section 409A.

  • Deferred Payment Date for a Participant means the date after the Restricted Period in respect of Restricted Share Units which is the earlier of (i) the date which the Participant has elected to defer receipt of the underlying Shares in accordance with Section 4.5 of this Plan; and (ii) the Participant’s Separation Date.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Final Closing Balance Sheet shall have the meaning set forth in Section 2.3(e).

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Scheduled Funded Debt Payments means, as of any date of determination for the Borrower and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable period ending on the date of determination (including the principal component of payments due on Capital Leases during the applicable period ending on the date of determination).

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • Closing Date Term Loan has the meaning specified in Section 2.01(a).

  • Cash Contribution Amount means the aggregate amount of cash contributions made to the capital of the Company described in the definition of “Contribution Indebtedness.”

  • Consolidated Scheduled Funded Debt Payments means, as of any date for the applicable period ending on such date with respect to the Borrower Parties on a consolidated basis, the sum of all scheduled payments of principal on Consolidated Funded Indebtedness made during such period (including the implied principal component of payments made on Capitalized Leases during such period) as determined in accordance with GAAP.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Interim Payment has the meaning specified in Section 10.1.

  • Estimated Closing Indebtedness has the meaning set forth in Section 2.4(a).

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Delta Payment means as it is described in this Agreement.