CALCULATION OF ASSET ALLOCATION Sample Clauses

CALCULATION OF ASSET ALLOCATION. A nationally-recognized actuarial firm, selected by ATI in its sole and absolute discretion (the "Actuary"), shall determine the Section 414(l) Amount effective as of the Distribution Date. As soon as practicable after the Distribution Date, the Actuary shall deliver to ATI and Teledyne Technologies a written report, with the necessary supporting data, setting forth the calculations by the Actuary of the Section 414(l) Amount and a certification that such amount complies with Section 414(l) of the Code. The Actuary's determination of the Section 414(l) Amount shall be final and binding on all parties hereto and for all purposes hereunder. The costs of the Actuary with respect to the determination of the Section 414(l) Amount under this Section 3.2(a) shall be borne equally by ATI and Teledyne Technologies. The "Section 414(l) Amount" means the minimum amount required to be transferred from the ATI Pension Plan to the Teledyne Technologies Pension Plan with respect to the Teledyne Technologies Pension Plan Participants pursuant to Section 208 of ERISA and Section 414(l) of the Code and the applicable rulings and regulations thereunder using actuarial assumptions deemed reasonable in the aggregate by the Actuary within the meaning of Treasury Regulation Section 1.414(l)-1(b)(9) with respect to plan terminations occurring as of the Distribution Date.
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CALCULATION OF ASSET ALLOCATION. (A) As soon as practicable after the Close of the Distribution Date, AT&T shall cause to be calculated, for the AT&T MPP and the corresponding Lucent Pension Plan, as of Immediately after the Distribution Date, (1) the "Funding Policy Amount," which shall be consistent with the minimum amount necessary to satisfy AT&T's pension funding policy as set forth in Schedule VI, as applied to the AT&T MPP and the corresponding Lucent Pension Plan; (2) the "414(l) (1) Amount," which shall equal the minimum amount necessary to fully fund benefits under the AT&T MPP and the corresponding Lucent Pension Plan on a "termination basis" (as that term is defined in Treas. Reg. Section 1.414(l)-1(b)(5)); and (3) the "Initial Allocation Amount," which shall equal the Funding Policy Amount for that particular Pension Plan, plus one-half times the difference (positive or negative) between (x) the amount of assets as of the Close of the Distribution Date of the AT&T MPP and (y) the sum of the Funding Policy Amounts for the AT&T MPP and the corresponding Lucent Pension Plan. The assumptions used in determining the 414(l) (1) Amount for each Pension Plan shall be those used in the determination of the minimum required contribution under ERISA for the Plan year beginning January 1, 1996, except that the discount rates shall be the rates issued by the PBGC for valuing annuities in terminating single-employer pension plans during the month containing the Close of the Distribution Date. (B) If the aggregate amount of the assets of the AT&T MPP as of the Close of the Distribution Date is not less than the sum of the 414(l) (1) Amounts for the AT&T MPP and the corresponding Lucent Pension Plan, then such assets shall be allocated between the AT&T MPP and the corresponding Lucent Pension Plan in accordance with the following: (1) if the Initial Allocation Amount is greater than or equal to the 414(l) (1) Amount for the AT&T MPP, and the Initial Allocation Amount is greater than or equal to the 414(l) (1) Amount for the corresponding Lucent Pension Plan, then the amounts of assets allocated to the AT&T MPP and the corresponding Lucent Pension Plan shall equal their respective Initial Allocation Amounts; (2) if the Initial Allocation Amount is greater than or equal to the 414(l) (1) Amount for the AT&T MPP, but the Initial Allocation Amount is less than the 414(l) (1) Amount for the corresponding Lucent Pension Plan, then the amount of assets allocated to the Lucent Pension Plan shall equ...
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CALCULATION OF ASSET ALLOCATION. A nationally-recognized actuarial firm, selected by ATI in its sole and absolute discretion (the "Actuary"), shall determine the Section 414(l) Amount effective as of the Distribution Date. As soon as practicable after the Distribution Date, the Actuary shall deliver to ATI and Spinco a written report, with the necessary supporting data, setting forth the calculations by the Actuary of the Section 414(l) Amount and a certification that such amount complies with Section 414(l) of the Code. The Actuary's determination of the Section 414(l) Amount shall be final and binding on all parties hereto and for all purposes hereunder. The costs of the Actuary with respect to the determination of the Section 414(l) Amount under this Section 3.2(a) shall be borne equally by ATI and Spinco. The "Section 414(l) Amount" means the minimum amount required to be transferred from the ATI Pension Plan to the Spinco Pension Plan with respect to the Spinco Pension Plan Participants pursuant to Section 208 of ERISA and Section 414(l) of the Code and the applicable rulings and regulations thereunder using actuarial assumptions deemed reasonable in the aggregate by the Actuary within the meaning of Treasury Regulation Section 1.414(l)-1(b)(9) with respect to plan terminations occurring as of the Distribution Date.
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Related to CALCULATION OF ASSET ALLOCATION

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