Common use of Relationship of Vested Benefits to Pension Plan Assets Clause in Contracts

Relationship of Vested Benefits to Pension Plan Assets. (i) The Company shall not at any time permit the present value of all employee benefits vested under all Xxxxxxx Pension Plans to exceed the assets of such Xxxxxxx Pension Plans allocable to such vested benefits at such time by more than fifty-five million dollars ($55,000,000), in each case determined pursuant to Section 6.21(c).

Appears in 9 contracts

Samples: Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc), Note Purchase Agreement (Smithfield Foods Inc)

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Relationship of Vested Benefits to Pension Plan Assets. (i) The Company shall will not at any time permit the present value of all employee benefits vested under all Xxxxxxx each Pension Plans Plan to exceed the assets of such Xxxxxxx Pension Plans Plan allocable to such vested benefits at such time by more than fifty-five million dollars ($55,000,000)time, in each case determined pursuant to Section 6.21(c)8.4(c) hereof.

Appears in 2 contracts

Samples: Note Purchase Agreement (Birmingham Steel Corp), Note Purchase Agreement (Birmingham Steel Corp)

Relationship of Vested Benefits to Pension Plan Assets. (i) The Company shall will not at any time permit the present value of all employee employees benefits vested under all Xxxxxxx each Pension Plans Plan to exceed the assets of such Xxxxxxx Pension Plans Plan allocable to such vested benefits at such time by more than fifty-five million dollars ($55,000,000)time, in each case determined pursuant to Section 6.21(c6.14(c), if such excess, together with the excess (if any) of such present value over such assets for each other Pension Plan at such time, is more than Five Million Dollars ($5,000,000).

Appears in 1 contract

Samples: Note Purchase Agreement (Littelfuse Inc /De)

Relationship of Vested Benefits to Pension Plan Assets. (i) The Company shall will not at any time permit the present value of all employee benefits vested under all Xxxxxxx each Pension Plans Plan to exceed the assets of such Xxxxxxx Pension Plans Plan allocable to such vested benefits at such time by more than fifty-five million dollars ($55,000,000)time, in each case determined pursuant to Section 6.21(c)6.18(c) hereof.

Appears in 1 contract

Samples: Note Purchase Agreement (Hudson Foods Inc)

Relationship of Vested Benefits to Pension Plan Assets. (i) The Company shall not at any time permit the present value of all employee benefits vested under all Xxxxxxx Mxxxxxx Pension Plans to exceed the assets of such Xxxxxxx Mxxxxxx Pension Plans allocable to such vested benefits at such atsuch time by more than fifty-five million dollars ($55,000,000), in each case determined pursuant to Section 6.21(c).

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

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Relationship of Vested Benefits to Pension Plan Assets. (i) The Company shall will not at any time permit the present value of all employee benefits vested under all Xxxxxxx each Pension Plans Plan to exceed the assets of such Xxxxxxx Pension Plans Plan allocable to such vested benefits at such time by more than fifty-five million dollars ($55,000,000)time, in each case determined pursuant to Section 6.21(c)7.13(c) hereof.

Appears in 1 contract

Samples: Selective Insurance Group Inc

Relationship of Vested Benefits to Pension Plan Assets. (i) The Company shall not at any time permit the present value of all employee benefits vested under all Xxxxxxx Mxxxxxx Pension Plans to exceed the assets of such Xxxxxxx Mxxxxxx Pension Plans allocable to such vested benefits at such time by more than fifty-five million dollars ($55,000,000), in each case determined pursuant to Section 6.21(c).

Appears in 1 contract

Samples: Note Purchase Agreement (Smithfield Foods Inc)

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