Hourly Plan definition

Hourly Plan means the Retirement Income Plan for Hourly-Rated Employees of ASARCO LLC.

Hourly Plan means the Contributory Pension Plan for Hourly-Rated Employees of McMaster University Including McMaster Divinity College.

Hourly Plan means the ITT Avis, Inc. Pension Plan for Hourly Employees, effective April 1, 1968.

Examples of Hourly Plan in a sentence

• The Hourly Plan provides retirement, termination, disability, and death benefits.

• In the event that either the Hourly Plan or the Salaried Plan or both terminate during the pendency of the Reorganization Cases, or prior to the Closing Date, certain Claims will arise, including joint and several liabilities of the Debtors to the PBGC that may be entitled to priority under various sections of the Bankruptcy Code to the extent provided under applicable law.

• In the event that Hourly Plan or the Salaried Plan or both terminate subsequent to the assumption of the Hourly and Salaried Plans by the Plan Sponsor, the joint and several liability of the Plan Sponsor, and of each and every member of its “controlled group” (as defined above) to PBGC, if any, will not be affected by any provision of this Plan or by Confirmation of this Plan.

• The Hourly Plan is a single- employer defined benefit pension plan administered by the Southeast Regional Transit Authority and South Coast Transit Management.

• The Hourly Plan categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles.

More Definitions of Hourly Plan

Hourly Plan means the CBI Hourly Employees’ Savings Plan as in effect immediately prior to merging into the Plan.

Hourly Plan means the CBI Hourly Employees’ Savings Plan as in effect immediately prior to the Effective Date.

Hourly Plan means the Régime de retraite des employés horaires non syndiqués de Kraft Canada Inc. – usines de fromage en vrac et usine Mont- Royal/Kraft Canada Inc. Retirement Plan for Non-Unionized Hourly-Paid Employees—Bulk Cheese Plants and Mount Royal Plant, as amended from time to time.

Hourly Plan means the Raytheon Company Pension Plan for Hourly Employees.

Hourly Plan means the Chesapeake Corporation Retirement Plan for Hourly Employees. "Hourly Plan Benefit" means the total of the present value of the accrued benefits (whether or not vested) of each Hourly Plan participant who is employed by any of the Companies on the day after the Closing Date, such amount to be computed as of the Closing Date. "Hourly Plan Spinoff Amount" means the amount required to be transferred under Code section 414(l) with respect to all Hourly Employees who are employed by either of the Companies on the day after the Closing Date, such amount to be computed as of the Closing Date in accordance with the actuarial assumptions and methods specified in Exhibit 8.3(b) attached hereto. "Louisville Plan" means the Chesapeake Packaging Co. Louisville and St. Xxxxxxx Divisions Retirement Plan for Hourly Employees. "Louisville Plan Benefit" means the total of the present value of the accrued benefits (whether or not vested) of each Louisville Plan participant, computed as of the Closing Date in accordance with the actuarial assumptions and methods specified in Exhibit 8.3(c) attached hereto. "Salaried Employee" means each employee of the Companies who is paid on a salaried basis and who is employed by any of the Companies at the Effective Time of Closing. "Salaried Plan" means the Chesapeake Corporation Retirement Plan for Salaried Employees. "Salaried Plan Benefit" means the total of the present value of the accrued benefits (whether or not vested) of each Salaried Employee who is employed by any of the Companies on the day after the Closing Date, such amount to be computed as of the Closing Date. "Salaried Plan Spinoff Amount" means the amount required to be transferred under Code Section 414(l) with respect to all Salaried Employees who are employed by any of the Companies on the day after the Closing Date, such amount to be computed as of the Closing Date in accordance with the actuarial assumptions and methods specified in Exhibit 8.3((d)) attached hereto.

Hourly Plan means the Riverwood International Hourly Retirement Plan.

Hourly Plan is as defined in Section 2.22(e).