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

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.

Appears in 2 contracts

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

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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(c7.13(c) hereof.

Appears in 1 contract

Samples: Note Purchase Agreement (Selective Insurance Group Inc)

Relationship of Vested Benefits to Pension Plan Assets. The Company will not at any time permit the present value of all employee employees 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(c6.14(c), if such excess, together with the excess (if any) hereofof 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)

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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(c6.18(c) hereof.

Appears in 1 contract

Samples: Note Purchase Agreement (Hudson Foods Inc)

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