Plan Termination. A termination of a Pension Plan, whether partial or complete, within the meaning of Title IV of ERISA.
Plan Termination means the termination of the Plan by Southern Company or an Employing Company following a Southern Change in Control unless an equitable arrangement (embodied in an ongoing substitute or replacement plan) has been made with respect to the Plan in connection with the Southern Change in Control. For purposes of this Plan, an ongoing substitute or alternative plan shall be considered an "equitable arrangement" if a nationally recognized compensation consulting firm chosen by the Committee opines in writing that, on aggregate, the post-Southern Change in Control plan is an equitable substitute or replacement of the pre-Southern Change in Control Plan, and that such substitute or alternative plan provides substantially similar target opportunities and a substantially similar level of performance difficulty.
Plan Termination means the voluntary termination of this Agreement by Employer pursuant to the provisions of Section 4.9(B).
Examples of Plan Termination in a sentence
Current Part D Plan Termination Date: Refers to the date that beneficiary is no longer receiving benefits under the Part D Plan.
The Current Part D Plan Termination Date is the date that beneficiary is no longer receiving benefits under that Part D Plan.
If a Flex Plan is terminated, any refund or credit due to You will be equal to the sum of the entries in Columns A and B for your meal plan that coincides with the date of the termination as indicated on the Flex Plan Termination Table.
Ten Year Installment Option 12 5.03 Annuity Purchase Payment Option 13 5.04 Lump-Sum Payment Option 13 5.05 Plan Termination Payment Option 13 5.06 Certification 13 Section 6.
If, however, the resulting percentage is less than three percent (3%), then Verizon will provide a supplemental amount of assets so that the funding in the Spinco Union Pension Plan is equal to the accrued present value of benefits in respect of Spinco Employees and persons entitled to receive a benefit in respect of such Spinco Employees as determined on a plan termination basis using the PBGC Plan Termination Assumptions under Exhibit A hereto.
More Definitions of Plan Termination
Plan Termination is defined in the recitals.
Plan Termination means the termination of an Employee Benefit Plan by Southern Company or an Employing Company following a Southern Change in Control unless an equitable arrangement (embodied in an ongoing substitute or replacement plan) has been made with respect to the Employee Benefit Plan in connection with the Change in Control. For purposes of this Policy, an ongoing substitute or alternative plan shall be considered an "equitable arrangement" if a nationally recognized compensation consulting firm chosen by the Administrative Committee opines in writing that the post-Change in Control plan is an equitable substitute or replacement of the Employee Benefit Plan.
Plan Termination means the termination of the Omnibus Plan (or any Program thereunder) by Southern Company or an Employing Company following a Southern Change in Control unless an equitable arrangement (embodied in an ongoing substitute or replacement plan or program) has been made with respect to the Omnibus Plan or Program in connection with the Change in Control. For purposes of this Plan, an ongoing substitute or alternative plan or program shall be considered an "equitable arrangement" if a nationally recognized compensation consulting firm chosen by the Operating Committee opines in writing that the post-Change in Control plan or program is an equitable substitute or replacement of the Omnibus Plan or Program that was terminated.
Plan Termination means the termination of the PPP with respect to the applicable Employee by Southern Company or a Participating Subsidiary following a Southern Change in Control unless an equitable arrangement (embodied in an ongoing substitute or replacement plan, award or program) has been made with respect to the PPP in connection with the Southern Change in Control. For purposes of this Plan, an ongoing substitute or alternative plan, award or program shall be considered an “equitable arrangement” if a nationally recognized compensation consulting firm chosen by the Administrator opines in writing that the post-Southern Change in Control plan, award or program is an equitable substitute or replacement of the PPP.
Plan Termination. The employer has terminated the 403(b) Plan in accordance with the Plan’s governing documents and has provided the required notice to participants. Plan terminations can be complex and must meet certain requirements to ensure that participants’ benefits maintain their tax-favored status. It is the employer’s and participant’s responsibility to consult with a tax advisor or legal counsel familiar with qualified retirement plans for guidance regarding plan termination and related distributions. Qualified Domestic Relations Order (QDRO): A QDRO is normally issued due to divorce. The participant has been ordered by a court to transfer or distribute assets from the account to a current or former spouse or child (named as the alternate payee) of the participant pursuant to a QDRO. The employer sponsoring this 403(b) plan must certify the request is being made pursuant to a QDRO, and an employer signature is required in section 12. If the alternate payee is a spouse or former spouse, he or she may roll over assets directly into an IRA or other qualified plan, if eligible.
Plan Termination means the termination, suspension, merger or dissolution of any "plan".