Buyer Pension Plan definition

Buyer Pension Plan has the meaning set forth in Section 6.6(i)(i).

Buyer Pension Plan means one or more defined benefit plans within the meaning of section 3(35) of ERISA that are (i) maintained or to be established or maintained by Buyer, and (ii) qualified plans under section 401(a) of the Code.

Buyer Pension Plan and "Buyer Pension Plans" are defined in Section 11.2.1(b).

Examples of Buyer Pension Plan in a sentence

• Notwithstanding any other provision of this Agreement, the Seller Pension Plan will continue to make all benefit payments to Transferred Employees and Other Plan Participants due under the Seller Pension Plan until both the Initial Transfer Amount and the True-Up Amount have been transferred to the Buyer Pension Plan.

• For the avoidance of doubt, Transferred Employees shall not be eligible for the “Pension Transition Percentage Credit” payable under the Buyer Pension Plan.

• In no event shall the age 65 single life benefit accrued under the Buyer Pension Plan for Transferred Employees be less than the benefit such Transferred Employees would receive if only service with Buyer were recognized under the Buyer Pension Plan.

• The Buyer Pension Plan also will grant service for benefit accrual service equal to the number of years of benefit accrual service for those Transferred Employees who have an accrued benefit in the BP RAP and may provide that the age 65 single life annuity payable to Transferred Employees under the Buyer Pension Plan may be offset by the amount of the age 65 single life annuity payable to such Transferred Employees under the BP RAP.

• Each Dex Pension Participant who is a participant in the Qwest Pension Plan as of the Closing Date shall become a participant in the Buyer Pension Plan as of the Closing Date.

More Definitions of Buyer Pension Plan

Buyer Pension Plan has the meaning set forth in Section 4.13(b).

Buyer Pension Plan is defined in Section 6.5(c)(i).

Buyer Pension Plan means one or more defined benefit plans within the meaning of section 3(35) of ERISA that are (i) maintained or to be established or maintained by Buyer, and (ii) qualified under section 401(a) of the Code.

Buyer Pension Plan is defined in Section 6.2(h)(ii).

Buyer Pension Plan means a Benefit Plan which is both (a) established or maintained by Buyer or Buyer and one or more of its Subsidiaries, and (b) a defined benefit pension plan intended to be tax-qualified under Section 401(a) of the Code.

Buyer Pension Plan has the meaning set forth in Section 8.7(c).

Buyer Pension Plan as defined in Section 6.1.3.