SFAS 87 definition
Examples of SFAS 87 in a sentence
At the request of First Advantage, First American shall provide First Advantage with a copy of the information, including any actuarial information provided by third parties, utilized by First American to determine the invoiced SFAS 87 Expense.
The failure to give an invoice promptly shall not relieve First Advantage from its obligation to pay the SFAS 87 Expense.
The Company believes this determination is consistent with SFAS 87.
The provisions of Financial Accounting Standards Board Statement No. 87 ("SFAS 87"), "Employers' Accounting for Pensions" require recognition in the balance sheet of an additional minimum liability and related intangible asset for pension plans with accumulated benefits in excess of plan assets.
In respect of both pre-and post Distribution Date service, a cash amount from Visteon to Ford equal to the liabilities to be assumed by Ford calculated on a US GAAP ie SFAS 87 basis.
First American shall invoice First Advantage annually for the SFAS 87 Expense, promptly following the determination of the amount thereof.
None of the Benefit Plans which are defined benefit pension plans have incurred any unpaid "accumulated funding deficiency" (whether or not waived) as that term is defined in Section 412 of the Code and the fair market value of the assets of each such plan equals or exceeds the accrued or accumulated liabilities of such plan for purposes of Title IV of ERISA or SFAS 87.
Upon written invoice by First American as provided below, First Advantage shall pay to First American an amount equal to the SFAS 87 Expense accrued by First American in connection with the SERP Participants’ participation in the SERP for the previous year, beginning with participation occurring from and after January 1, 2006.
First Advantage has agreed to reimburse First American for the SFAS 87 Expense associated with each of the SERP Participants’ participation in the SERP that occurs from and after January 1, 2006.
There are several U.K. defined benefit plans that are closed to new members and whose assets and liabilities are included in the company's financial statements on an actuarial basis in accordance with SFAS 87.