Examples of Withdrawal Liabilities in a sentence
Neither any Borrower nor PM Companies nor any of their ERISA Affiliates has incurred or reasonably expects to incur any Withdrawal Liability under ERISA to any Multiemployer Plan requiring payments to such Multiemployer Plan in an annual amount which, when aggregated together with all other payments required to be made to Multiemployer Plans as a result of Withdrawal Liabilities incurred or reasonably expected to be incurred by the Borrowers, PM Companies and their ERISA Affiliates, exceeds $25,000,000.
Funded Status of the Multi-Employer Pension Plans and Contingent Withdrawal Liabilities The plan administrators and trustees of multi-employer pension plans do not routinely provide us with current information regarding the funded status of the plans.
Except as set forth in Section 4.17 of the Schedule of Exceptions, none of the Company, any Subsidiary, or any ERISA Affiliate has incurred and or reasonably expects to incur (i) any Withdrawal Liability and no event has occurred which, with the giving of notice under Section 4219 of ERISA, would result in Withdrawal Liabilities, or any liability under Section 4063, 4064, or 4243, or (ii) any outstanding liability under Title IV of ERISA with respect to any 412 Plan.
In the event that the present value of the Withdrawal Liabilities, at a 5% discount rate, is less than $2,000,000 (the “Liability Reduction Amount”), Buyer and Seller shall share such Liability Reduction Amount equally, and within 30 days of such determination, Buyer shall remit to Seller 50% of such Liability Reduction Amount, if any.
Mass Withdrawal Modeling in ME-PIMS 31Overview 31Model Complexity 32Withdrawals by Individual Contributing Employers 35Collectability of Withdrawal Liabilities 41Modeling the Population Rather Than a Sample 414.