Canadian Pensions Sample Clauses

Canadian Pensions. (i) (x) Copies of all actuarial reports and any other material reports which have been filed with a Governmental Authority with respect to each Canadian Defined Benefit Plan, promptly after filing and (y) any material direction, order, notice, ruling or opinion related to funding, windup or termination of any Canadian Defined Benefit Plan that any Canadian Loan Party may receive from a Governmental Authority with respect to any Canadian Defined Benefit Plan, promptly after receipt.
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Canadian Pensions. Effective as of the Distribution Date, the Agribusiness Employees participating in the defined benefit pension plan sponsored by Ralston Purina Canada Inc. (the "Ralstox Xxxxxian Pension Plan") shall xxxxx to accrue further benefits under such plan, and all liabilities for benefits accrued by such individuals as of such Distribution Date shall be transferred to a new pension plan (the "Agribrands Canadian Pension Plan") established by Newco Canada, an Affiliate of Agribrands, the terms of which are substantially the same as those of the Ralston Canadian Pension Plan. The Agrxxxxxxx Canadian Pension Plan shall give the Agribusiness Employees credit, for purposes of eligibility, vesting and benefit accrual, for service with the Ralston Group on or prior to the Distrixxxxxx Date, to the extent such service was recognized under the Ralston Canadian Pension Plan. Benefitx xxxxxed by Former Agribusiness Employees under the Ralston Canadian Pension Plan shall remxxx xxabilities of such plan. Ralston shall, as soon as practicable axxxx xxe Distribution Date, cause Ralston Purina Canada Inc. to transfer xxxx xxe Ralston Canadian Pension Plan to txx Xxxibrands Canadian Pension Plan an amount (the "Transfer Amount") equal to (i) the present value of benefits accrued by the Agribusiness Employees as of the Distribution Date (determined on the greater of an ongoing concern or solvency basis in accordance with plan documents, plan interpretations specified therein and actuarial assumptions as used in the last filed actuarial report adjusted as necessary to comply with legislation and regulatory authorities), plus (ii) a proportionate share of the defined benefit assets held in the Ralston Canadian Pension Plan in excess xx xxe present value of defined benefit liabilities for all participants in the plan as of that date, plus (iii) interest based on the Ralston Canadian Pension Plan rate of rxxxxx xn the Transfer Amount as at the Distribution Date from the Distribution Date to the actual transfer date, less any expenses, less (iv) an adjustment for the value of benefits for Agribusiness Employees who terminate, die or retire after the Distribution Date and prior to the actual transfer date. Such transfer shall be conditioned upon receipt of, and subject to, all requisite governmental and other approvals and consents and if a different Transfer Amount is required by applicable regulatory authorities, an adjustment to the Transfer Amount will be made. Upon completion of th...
Sample 1
Canadian Pensions. In the case of any Canadian Subsidiaries (to the extent any Canadian Pension Plans exist):
Sample 1
Canadian Pensions. (i) the Borrowers or any of their Subsidiaries shall, directly or indirectly, terminate or cause to terminate, in whole or in part, or initiate the termination of, in whole or in part, any Canadian Pension Plan; (ii) [reserved]; (iii) a going concern unfunded liability or a solvency deficiency exists under any Canadian Pension Plan; (iv) the Borrowers or any of their Subsidiaries shall fail to make minimum required contributions to amortize any funding deficiencies under a Canadian Pension Plan within the time period set out in applicable Laws or fail to make a required contribution under any Canadian Pension Plan or Canadian Benefit Plan which could result in the imposition of a Lien upon the assets of the Borrowers or any of their Subsidiaries; or (v) the Borrowers or any of their Subsidiaries makes any improper withdrawals or applications of assets of a Canadian Pension Plan or Canadian Benefit Plan which, with respect to each of the foregoing clauses of this Section 9.01(n), would reasonably be expected to have a Material Adverse Effect. Solely for the purpose of determining whether a Default or Event of Default has occurred under clause (f) or (g) of Section 9.01, any reference in any such clause to any Restricted Subsidiary shall be deemed to exclude any Immaterial Subsidiary (provided however that all Restricted Subsidiaries affected by any event or circumstance referred to in any such clause shall be considered together, as a single consolidated Restricted Subsidiary, for purposes of determining whether the condition specified above is satisfied).
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Related to Canadian Pensions

  • Canadian Pension Plans The Loan Parties shall not (a) contribute to or assume an obligation to contribute to any Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent, or (b) acquire an interest in any Person if such Person sponsors, administers, maintains or contributes to or has any liability in respect of any Canadian Defined Benefit Plan, or at any time in the five-year period preceding such acquisition has sponsored, administered, maintained, or contributed to a Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent.

  • UK Pensions (a) Each Loan Party shall ensure that:

  • Taxes; Pensions Timely file, and require each of its Subsidiaries to timely file, all required tax returns and reports and timely pay, and require each of its Subsidiaries to timely pay, all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower and each of its Subsidiaries, except for deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereof, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms.

  • No Pension Plans Neither the Company nor any current or past ERISA Affiliate has ever maintained, established, sponsored, participated in, or contributed to, any Pension Plans subject to Title IV of ERISA or Section 412 of the Code.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, the Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time to time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, the Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time to time by the Company for the benefit of its senior executives.

  • Pension Plans Any of the following events shall occur with respect to any Pension Plan:

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Guaranteed Pension Plans Each contribution required to be made to a Guaranteed Pension Plan, whether required to be made to avoid the incurrence of an accumulated funding deficiency, the notice or lien provisions of §302(f) of ERISA, or otherwise, has been timely made. No waiver of an accumulated funding deficiency or extension of amortization periods has been received with respect to any Guaranteed Pension Plan, and neither the Borrower nor any ERISA Affiliate is obligated to or has posted security in connection with an amendment to a Guaranteed Pension Plan pursuant to §307 of ERISA or §401(a)(29) of the Code. No liability to the PBGC (other than required insurance premiums, all of which have been paid) has been incurred by the Borrower or any ERISA Affiliate with respect to any Guaranteed Pension Plan and there has not been any ERISA Reportable Event (other than an ERISA Reportable Event as to which the requirement of 30 days notice has been waived), or any other event or condition which presents a material risk of termination of any Guaranteed Pension Plan by the PBGC. Based on the latest valuation of each Guaranteed Pension Plan (which in each case occurred within twelve months of the date of this representation), and on the actuarial methods and assumptions employed for that valuation, the aggregate benefit liabilities of all such Guaranteed Pension Plans within the meaning of §4001 of ERISA did not exceed the aggregate value of the assets of all such Guaranteed Pension Plans, disregarding for this purpose the benefit liabilities and assets of any Guaranteed Pension Plan with assets in excess of benefit liabilities.

  • Participation in Benefit Plans During the Term hereof, Executive shall be entitled to participate in any group insurance, hospitalization, medical, dental, health, accident, disability, or similar plan or program of the Company now existing or established hereafter to the extent that he is eligible under the general provisions thereof. The Company may, in its sole discretion and from time to time, amend, eliminate, or establish additional benefit programs as it deems appropriate. Executive shall also participate in all standard fringe benefits offered by the Company to its salaried executives.

  • Unfunded Pension Liability the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

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