Successor Plan. Successor Plan means a plan in which at least 50% of the Eligible Employees for the first Plan Year were eligible under a cash or deferred arrangement maintained by the Employer in the prior year, as described in Treas. Reg. §1.401k-2(c)(2)(iii).
Successor Plan. 8.5(b) Surviving Corporation...................................... 2.1(a) Taxes...................................................... 4.16
Successor Plan. (i) Monsanto and Chemicals shall enter into, on or before the Distribution Date, one or more written agreements (the "Pension Plan Agreement") providing for the transfer to and assumption by a defined benefit pension plan that is a Qualified Plan (the "Successor Plan") of certain assets and liabilities of the Monsanto Pension Plan, as set forth in Section 2.01(b)(ii) below. The Successor Plan may be a Plan of which both Monsanto and Chemicals are sponsors (a "Multiple Employer Plan"), in which event the Pension Plan Agreement shall also provide for its continued operation after the Distribution Date. Alternatively, the Successor Plan may consist of one or more Plans sponsored exclusively by Chemicals and/or any other member of the Chemicals Benefits Group. All matters relating to the funding and operation of the Multiple Employer Plan (if any) and to Liabilities and obligations with respect to the Successor Plan shall be governed by the Pension Plan Agreement, except as otherwise specified below.
(ii) Except as specifically set forth in Section 5.02(a), subject to the completion of the asset transfer described in the next sentence, and effective as of the Distribution Date: (A) the Monsanto Pension Plan shall transfer to the Successor Pension Plan, and the Successor Pension Plan and the members of the Chemicals Benefits Group shall assume and be responsible for, (I) all Liabilities of the Monsanto Pension Plan with respect to benefits accrued by Chemicals Employees through the Distribution Date, and (II) all Liabilities of the Monsanto Pension Plan with respect to Chemicals Former Employees, other than Retained Chemicals Inactive Participants; and (B) if the Successor Plan is not a Multiple Employer Plan, then the members of the Monsanto Group shall have no responsibility for such Liabilities. As soon as practicable after the Distribution Date, there shall be transferred from the trust funding the Monsanto Pension Plan to the trust designated to fund the Successor Pension Plan a pro rata portion of each of the assets
Successor Plan. (i) Monsanto and Solutia shall enter into, on or before the Distribution Date, one or more written agreements (the "Pension Plan Agreement") providing for the transfer to and assumption by a defined benefit pension plan that is a Qualified Plan (the "Successor Plan") of certain assets and liabilities of the Monsanto Pension Plan, as set forth in Section 2.1(b)(ii) below. The Successor Plan shall consist of one or more Plans sponsored exclusively by Solutia and/or any other member of the
Successor Plan. Effective December 2, 1981, the Solidstate Controls, Inc. Hourly Employees’ (CWA) Retirement Plan (the “Plan”) was established to provide benefits for eligible employees. Pursuant to a collective bargaining agreement with the Communications Workers of America, the Plan was amended and restated effective January 1, 1984 and again, effective January 1, 1987. In 1998, the Plan was amended and restated to increase the retirement contribution, to add after-tax and matching contributions, to permit participant-directed investment and to make certain administrative changes. The last restatement of the Plan was dated January 1, 1997. The Plan is hereby amended and restated, effective January 1, 2010, to reflect amendments adopted since the last restatement and additional clarifications and to reflect the change in sponsorship of the Plan from Solidstate Controls, Inc. to AMETEK, Inc. Unless otherwise provided in the Plan or by law, a Participant’s eligibility for the amount of benefits payable to or on his behalf shall be determined in accordance with the provisions of the Plan in effect at the time of the Participant’s termination of employment.
Successor Plan. Effective immediately following the Closing Buyer shall establish and maintain or cause to be established and maintained a defined benefit plan which is identical to, in all relevant and substantive respects, the Defined Benefit Plan as of the Closing Date, taking into account the features and special rules thereunder which apply to Active Employees. The Successor Plan shall cover all Active Employees who are participants under the Defined Benefit Plan as of the Closing Date or who, as of the Closing Date, are eligible to participate under the Defined Benefit Plan upon satisfaction of applicable age, service and other such requirements. The Successor Plan shall provide a vested accrued benefit and related ancillary benefits to each Active Employee who is a participant thereunder which is no less than such benefits earned (regardless of whether vested) by such employee as of the Closing Date under the Defined Benefit Plan. The Successor Plan shall provide benefits (including normal and early retirement benefits, and pre- retirement death benefits) for Active Employees with respect to post-Closing covered service and compensation by taking into account all service and other relevant items taken into account under the Defined Benefit Plan.
Successor Plan. Nothing in this Article IX shall restrict the right of Ardent Health Services to consolidate or replace this Plan with a comparable plan for the benefit of eligible Employees.
Successor Plan. Successor Plan means a plan in which at least 50% of the Eligible Employees of the first Plan Year were eligible under another 403(b) Plan maintained by the Employer in the prior Plan Year. Taxable Year. Taxable Year means the taxable year of a Participant.
Successor Plan. The plan sponsor of a successor plan created by a partition order under § 4233.14 of this chapter must issue to participants and beneficiaries any no- xxxx required under the partition order and is not required to file or issue no- tices under § 4245.3 or § 4245.5. [84 FR 18725, May 2, 2019]
