Target Benefit Plan definition

Target Benefit Plan shall have the meaning set forth in Section 2.15 hereof.

Target Benefit Plan has the meaning set forth in Section 4(ee)(i).

Target Benefit Plan means each Employee Benefit Plan sponsored or maintained or required to be sponsored or maintained at any time by Target or any Target Subsidiary or to which Target or any Target Subsidiary makes or has made, or has or has had an obligation to make, contributions at any time.

Examples of Target Benefit Plan in a sentence

• If the Plan is a Target Benefit Plan, forfeitures may only be used to reduce Employer Contributions, in accordance with Section 3.7.2.

• The Employer’s annual contribution to a Target Benefit Plan shall be determined by a Stated Benefit Formula and corresponding factor tables contained in the Adoption Agreement and shall be allocated to Participants as provided in paragraph 5.3. This notwithstanding, the Employer’s contribution for any Plan Year shall be subject to the limitations on allocations contained in Article X and shall not be less than the minimum contribution required at Article XIV for Top-Heavy Plans.

• However, the assumed rate of earning described in Item vi below shall apply in determining the value of the previous contributions made to the Target Benefit Plan for purposes of the offset.

• Covered Compensation will be determined for the year designated by the Employer in Section III(C) of the Target Benefit Plan Adoption Agreement.

• A Target Benefit Plan may be established by executing a Target Benefit Plan Adoption Agreement.

More Definitions of Target Benefit Plan

Target Benefit Plan means that your accrued pension benefit is based on a target benefit formula, and the funding rules for the Plan are based on long term (going concern) tests which measures the Plan’s ability to pay all pension liabilities in the long term and assumes the Plan continues indefinitely.

Target Benefit Plan means any pension, retirement, survivor income, salary continuation, stock option, restricted stock, restricted stock unit, stock purchase, stock ownership, stock appreciation right, capital appreciation, equity-related, profit sharing, deferred compensation, bonus, group insurance, disability, severance, change of control, fringe benefit, incentive, cafeteria or Code Section 125, welfare, or other benefit plans, contracts, agreements, and arrangements, including without limitation “employee benefit plans” as defined in Section 3(3) of ERISA whether or not subject to or covered by ERISA, incentive and welfare policies, contracts, plans, and arrangements, including split dollar life insurance arrangements, and all trust agreements and funding arrangements related thereto, in each such case which are or have been maintained, sponsored, or contributed to (or required to be contributed to) by Target or an ERISA Affiliate of Target for the benefit of or with respect to any present or former directors, officers, employees, or independent contractors of Target or any of its Subsidiaries, or any spouse or dependent of any such Person, or to, under or in connection with which Target or an ERISA Affiliate of Target has or may have any Liability, contingent or otherwise.

Target Benefit Plan means all plans with respect to Target employees or former employees to which Target is a party to or bound by or to which Target has an obligation to contribute relating to retirement savings, pensions, bonuses, profit sharing, deferred compensation, incentive compensation, life or accident insurance, hospitalization, health, medical or dental treatment or expenses, disability, unemployment insurance benefits, employee loans, vacation pay, severance or termination pay or other benefit plan, other than a Statutory Plan;

Target Benefit Plan means any individual or group employee benefit plans or arrangements of any type (including plans described in Section 3(3) of ERISA), sponsored, maintained or contributed to by Target or a Target ERISA Affiliate within six (6) years prior to the Effective Time.

Target Benefit Plan means (i) any Benefit Plan of Target, (ii) any Benefit Plan of any Asset Seller, and (iii) any Benefit Plan that is currently or has ever been maintained, sponsored or contributed to by an ERISA Affiliate of Target or any Asset Seller for the benefit of any current or former officer, employee or director of Target, CAM or the Amonate Business.

Target Benefit Plan will mean the BC Target Benefit Pension Plan maintained by the B.C. Government and Services Employees’ Union and registered under the Pension Benefits Standards Act (British Columbia);

Target Benefit Plan has the meaning Section 7.23(j) specifies.