New Pension Plan definition

New Pension Plan has the meaning set forth in the Settlement Agreement.
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New Pension Plan has the meaning set forth in Section 7.7.
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New Pension Plan has the meaning set forth in Section 9.15(a).
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Examples of New Pension Plan in a sentence

  • Buyer will not amend the New Pension Plan, or permit the New Pension Plan to be amended, to eliminate any benefit accrued as of the Effective Time, whether or not vested, with respect to which liabilities are transferred pursuant to this Paragraph B.

  • The New Pension Plan will be a defined benefit pension plan qualified under section 401(a) of the Code and will be identical to the Seller Pension Plan with respect to the Transferred Employees and Other Plan Participants and provide a future rate of benefit accrual equal to the future rate of benefit accrual provided under the Seller Pension Plan.

  • Seller will not take any action to fully vest the Business Employees in their accrued benefits in the New Pension Plan.

  • KL agrees that it will use commercially reasonable efforts to assist the KPP in any preparatory steps which require input (including agreement to amend the rules of the KPP) from KL and which are reasonably required to establish the New Pension Plan (but, for the avoidance of doubt, KL will not be required to take any steps with respect to the transfer of any Member to the New Pension Plan or any offer made to Members in relation thereto).

  • After the Fujitsu Transfer Date and the foregoing transfer contemplated by this Section 5.2.4, all pension payments for the Transferred Employees under the New Pension Plan shall be borne by the Company.

  • Each Employee with an accrued benefit in the Transfer Pension Plan immediately prior to the Closing Date shall become a participant in the New Pension Plan effective as of the Closing Date.

  • The accrued benefit of the Transferred Employees payable under the New Pension Plan shall be offset by the normal retirement benefit accrued under the Seller Pension Plan as of the applicable Employee Transfer Date based on credited service and salary history prior to the Employee Transfer Date.

  • At the Closing, Buyer shall assume the existing obligations under the New Pension Plan, Supplementary Support Plan and the Old Pension.

  • Credited service under the Seller Pension Plan as of the Employee Transfer Date shall constitute credited service under the New Pension Plan for purposes of benefit accrual determinations.

  • Such Transferred Employees' vesting service and eligibility service, as of the applicable Employee Transfer Date, shall constitute vesting service and eligibility service under the New Pension Plan for purposes of determining vesting and eligibility and for such other purposes as such service may be relevant under the terms of the New Pension Plan.


More Definitions of New Pension Plan

New Pension Plan has the meaning set forth in Section 5.2 hereof.
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New Pension Plan means Seller's "Basic Pension Plan" (BPP) and the "Additional Pension Plan" (APP) valid 1/1/95.
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New Pension Plan has the meaning set forth in Section 6.8(l)(v)(A).
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New Pension Plan means a new pension plan which may be created following the Settlement, which will provide benefits to Members on the terms and conditions set forth therein.
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New Pension Plan means the pension plan for Employees to be established by the Partnership.
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New Pension Plan has the meaning set forth in Section 4.3(c).
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Related to New Pension Plan

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Canadian Pension Plan means any plan, program or arrangement that is a pension plan for the purposes of any applicable pension benefits legislation or any tax laws of Canada or a Province thereof, whether or not registered under any such laws, which is maintained or contributed to by, or to which there is or may be an obligation to contribute by, any Borrower or any Guarantor in respect of any Person’s employment in Canada with such Borrower or such Guarantor.

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Credit Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

  • Foreign Pension Plan means any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States of America by the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower or such Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Canadian Benefit Plan means any plan, fund, program or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Loan Party has any liability with respect to any of its employees or former employees employed in Canada, and includes any Canadian Pension Plan.

  • Guaranteed Pension Plan means any employee pension benefit plan within the meaning of §3(2) of ERISA maintained or contributed to by any Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan.

  • Employee Pension Plan means any Employee Plan for the provision of retirement income to employees or which results in the deferral of income by employees extending to the termination of covered employment or beyond as defined in Section 3(2) of ERISA.

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any member of the Controlled Group may have any liability.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Employee Pension Benefit Plan has the meaning set forth in ERISA Section 3(2).

  • Pension Plan means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Supplemental Plan means a written plan for a child outlining the agency's plan to locate a permanent placement for the child and which may be developed concurrently with the case plan.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • 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 the aggregate as are payable thereunder prior to a Change in Control;