TXI FSP definition

TXI FSP has the meaning set forth in Section 5.18(b)(i).
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TXI FSP means the Texas Industries, Inc. Financial Security Plan.
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Examples of TXI FSP in a sentence

  • Effective as of the Distribution Date, Chaparral shall withdraw from the TXI FSP, shall establish a form of Financial Security Plan (the “Chaparral FSP”) that is substantially similar to the form of TXI FSP except that it shall provide benefits solely for Chaparral Business Employees.

  • Effective on the Distribution Date TXI shall amend the TXI FSP to exclude Chaparral Business Employees and to provide that the TXI FSP will provide benefits solely for the TXI Business Employees.

  • The TXI FSP has been adopted by Chaparral for the benefit if its pre-Distribution Date employees, and Chaparral has full liability and responsibility to provide the benefits promised under the TXI FSP to such employees.

  • In addition, Chaparral shall transfer to TXI any life insurance policies in which Chaparral is the beneficiary on the lives of TXI Business Employees whose TXI FSP obligations are retained by TXI.

  • For use only by Transfer Participants who were Participants in the TXI FSP (Plan D) immediately prior to the Effective Date.

  • For use only by Transfer Participants who were Participants in the TXI FSP (Plan A) immediately prior to the Effective Date.

  • CHAPARRAL STEEL COMPANYBy: Its: APPENDIX Modifications for TXI FSP Plan “A”.

  • IRC Section 409A—No Material Modification Nothing in this Plan is intended to, or shall be applied in any manner that would, constitute a “material modification” of this Plan or the TXI FSP with respect to any amounts deferred for the benefit of a Participant pursuant to the TXI FSP in taxable years beginning before January 1, 2005.

  • For purposes of determining years of participation, a Transfer Participant’s participation in the TXI FSP will be considered as participation in this Plan.

  • The appointment may be for an annual or other fixed term or for an indefinite period.

Related to TXI FSP

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • DPSP means a deferred profit sharing plan within the meaning of the Tax Act;

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Seller Plan means any Employee Benefit Plan maintained, or contributed to, by the Seller or any ERISA Affiliate.

  • VEBA means a voluntary employees' beneficiary association under IRC Section 501(c)(9).

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • MPI means the Borrower’s Ministry of Planning and Investment, and any successor thereto.

  • Qualifying Educational Program means a program at a post-secondary school level of not less than three consecutive weeks duration that requires each student taking the program to spend not less than 10 hours per week on courses or work in that program.

  • Medical flexible spending arrangement means a benefit plan

  • Defined Contribution Plan Fraction means a fraction, the numerator of which is the sum of the Annual Additions to the Member's account under all the defined contribution plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation Years (including the Annual Additions attributable to the Member's nondeductible employee contributions to all defined benefit plans, whether or not terminated, maintained by the Employer, and the Annual Additions attributable to all welfare benefit funds, as defined in Code Section 419(e), and individual medical accounts, as defined in Code Section 415(l)(2), maintained by the Employer), and the denominator of which is the sum of the maximum aggregate amounts for the current and all prior Limitation Years of service with the Employer (regardless of whether a defined contribution plan was maintained by the Employer). The maximum aggregate amount in any Limitation Year is the lesser of 125 percent of the dollar limitation determined under Code Section 415(b) and (d) in effect under Code Section 415(c)(1)(A) of the Code or 35 percent of the Member's Compensation for such year. If the Member was a member as of the end of the first Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction shall be adjusted if the sum of this fraction and the Defined Benefit Plan Fraction would otherwise exceed 1.0 under the terms of this Plan. Under the adjustment, an amount equal to the product of (1) the excess of the sum of the fractions over 1.0 times (2) the denominator of this fraction, will be permanently subtracted from the numerator of this fraction. The adjustment is calculated using the fractions as they would be computed as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and conditions of the plan made after May 5, 1986, but using the Code Section 415 limitations applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Addition for any Limitation Year beginning before January 1, 1987, shall not be recomputed to treat all employee contributions as Annual Additions.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • CHAMPUS means the Civilian Health and Medical Program of the Uniformed Service, a part of TRICARE, a medical benefits program supervised by the U.S. Department of Defense.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Pension program means the defined benefit pension program of the Oregon Public Service

  • Uniform business entity application means the current

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Distribution Plan means the plan hereafter approved by the MDL Court for the distribution of the Settlement Amount (net of any attorneys’ fees or costs that are awarded by the MDL Court) to Stanford Investors who have had their Claims allowed by the Receiver.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.