Relationship of Vested Benefits to Pension Plan Assets Clause Samples

Relationship of Vested Benefits to Pension Plan Assets. The Company will not at any time permit the present value of all employee benefits vested under each Pension Plan to exceed the assets of such Pension Plan allocable to such vested benefits at such time, in each case determined pursuant to Section 8.4(c) hereof.

Relationship of Vested Benefits to Pension Plan Assets. The present value of all benefits, determined as of the most recent valuation date for such benefits as provided in Section 8.11(c) hereof, vested under each Pension Plan does not exceed the value of the assets of such Pension Plan allocable to such vested benefits, determined as of such date as provided in Section 8.11(c) hereof.

Relationship of Vested Benefits to Pension Plan Assets. The Company will not at any time permit the present value of all employee benefits vested under each Pension

Relationship of Vested Benefits to Pension Plan Assets. The present aggregate value of all benefits vested under all qualified "defined benefit pension plans", as such term is defined in Section 3 of ERISA, maintained by the Company and its Related Persons, or in which employees of the Company or any Related Person are entitled to participate, as from time to time in effect (herein called the "Pension Plans"), did not, as of January 1, 1990, the last annual valuation date, exceed the actuarial or market value of the assets of the Pension Plans allocable to such vested benefits.

Relationship of Vested Benefits to Pension Plan Assets. Except as set forth on Part 2.12(c) of Annex 2, immediately prior to the First Restatement Date the present value of all benefits, determined as of the most recent valuation date immediately prior to the First Restatement Date for such benefits (as provided in Section 6.21(c)), vested under each Pension Plan does not exceed the value of the assets of such Pension Plan allocable to such vested benefits, determined as of the most recent valuation date (as provided in Section 6.21(c)) immediately prior to the First Restatement Date.

Relationship of Vested Benefits to Pension Plan Assets. The Borrower will at all times maintain the qualified status of its Plans. The Borrower will not at any time terminate any Plan unless on the date of such termination the present value of all employee benefits vested under such Plan does not exceed the present value of the assets allocable to such vested benefits.

Relationship of Vested Benefits to Pension Plan Assets. The Parent or an ERISA Affiliate will contribute sufficient amounts to each Pension Plan so that the present value of all employee benefits vested under each Pension Plan at any time will not exceed, by more than Two Million Five Hundred Thousand Dollars ($2,500,000), the assets of such Pension Plan allocable to such vested benefits at such time, in each case determined pursuant to Section 7.4(c).

Relationship of Vested Benefits to Pension Plan Assets. To the knowledge of the Company and the Parent, the present value of all benefits vested under all Pension Plans (other than Multiple Employer Pension Plans) maintained by the Company, the Parent and the subsidiaries of the Parent (and under all Multiple Employer Pension Plans with respect to which the Company, the Parent or of any such subsidiaries is a "substantial employer" within the meaning of Section 4001(a)(2) of ERISA) does not exceed the value of the assets of the Pension Plans allocable to such vested benefits. For purposes of this Section 2.18(a), the present value of the benefits vested under any Pension Plan shall be determined as of the most recent valuation date, based upon assumptions and methods determined in the good faith judgment of the Company and in compliance with the requirements of law.

Relationship of Vested Benefits to Pension Plan Assets. The present value of all benefits vested ------------------------------------------------------ under all "employee pension benefit plans," as such term is defined in Section 3 of ERISA, maintained by the Company and any other corporation or other trade or business under common control with the Company as determined under Sections 414(b) and 414(c) of the Internal Revenue Code of 1986, as amended (a "Common Control Entity"), as from time to time in effect (herein called the "Pension Plans") subject to Title IV of ERISA, did not, as of July 31, 1991, the last annual valuation date, exceed the value of the assets of such Pension Plans allocable to such vested benefits.