Terminated Plans Sample Clauses
The 'Terminated Plans' clause defines how benefit or retirement plans that have been discontinued are handled within the context of an agreement. It typically outlines the responsibilities of the parties regarding any obligations, liabilities, or administrative tasks related to plans that are no longer active, such as final distributions or reporting requirements. This clause ensures that both parties understand their duties concerning defunct plans, thereby preventing disputes or confusion over lingering responsibilities after a plan's termination.
Terminated Plans. The Waste Management, Inc. Pension Plan and The Waste Management of Alameda County, Inc. Retirement Plan. Total Commitment. Initially $2,000,000,000, as such amount may be increased or reduced in accordance with the terms hereof, or, if such Total Commitment has been terminated pursuant to §2.3.1 or §12.2 hereof, zero.
Terminated Plans. To the extent the Plan Administrator must take into account distributions to a Participant, the Plan Administrator must include distributions from a terminated plan which would have been part of the Required Aggregation Group if it were in existence on the Determination Date.
Terminated Plans. The Waste Management, Inc. Pension Plan and The Waste Management of Alameda County, Inc. Retirement Plan. Total Commitment. Up to $1,750,000,000, as such amount may be reduced pursuant to Section 2.3 hereof, or, if such Total Commitment has been terminated pursuant to Section 2.3 or Section 12.2 hereof, zero. Total Debt. The sum, without duplication, of all (1) Indebtedness of the Borrower and its Subsidiaries on a consolidated basis under subsections (a) through (h) of the definition of "Indebtedness" (provided, however, that Indebtedness (A) under subsection (f) of the definition of "Indebtedness" shall be included in such calculation only to the extent that a surety has been called upon to make payment on a bond, and (B) with respect to Permitted Receivables Transactions shall not be included in such calculation), plus (2) Swap Obligations, plus (3) non-contingent reimbursement obligations of the Borrower and its Subsidiaries with respect to drawings under any letters of credit.
Terminated Plans. Any such Terminated Benefit Plan intended to have been qualified under Section 401 of the Code received a favorable determination letter from the IRS with respect to its termination.
Terminated Plans. 21 3.28 Overtime, Back Wages, Vacation and Minimum Wages....................21 3.29 Discrimination and Occupational Safety and Health...................21 3.30 Alien Employment Eligibility........................................21 3.31 Labor Disputes; Unfair Labor Practices..............................22 3.32
Terminated Plans. Neither the Company nor any Subsidiary has terminated or taken action to terminate (in part or in whole) any employee benefit plan as defined in ERISA Section 3(3) within the last six (6) years.
Terminated Plans. Set forth on Schedule 3.27 hereto are all employee benefit plans related to the Business which any Seller Group Person has terminated or taken action to terminate since January 1, 1992. Such terminations have been carried out in all material respects in accordance with all provisions of Law, including without limitation all applicable provisions of the Code and ERISA and all required disclosure to the PBGC. Except as described on Schedule 3.27 hereto, no Seller Group Person has any liability to any Person or entity, including without limitation the PBGC, any other Government agency or any participant in or beneficiary of any such plan, nor is any Seller Group Person liable for any excise, income or other tax or penalty as a result of such termination. Seller has obtained a favorable determination letter from the IRS with respect to the termination of each of such plans in the United States (complete and correct copies of which have been delivered to Buyer). The notices of sufficiency and favorable determination letters were received after full and accurate disclosure of all material facts to the IRS.
Terminated Plans. The Disclosure Schedule describes any Employee Benefit Plan subject to ERISA that has been terminated and the status of such Plan, the distribution or retention of monies with respect to such Plan, and any further obligations of such Plan or GPP in connection therewith. Any past Employee Benefit Plan subject to ERISA that has been terminated was done so in material compliance with all applicable Laws.
Terminated Plans. To their respective Knowledge, no Seller has terminated or taken action to terminate any employee benefit plan. None of Sellers, nor any Seller, has any liability to any Person or entity, including without limitation the Pension Benefit Guaranty Corporation, any other Government agency or any participant in or beneficiary of any employee plan of another entity, and none of Sellers is liable for any excise, income or other tax or penalty as a result of the termination of any employee benefit plan.
Terminated Plans. No ERISA Affiliate has, since January 1, 1993, terminated, suspended, discontinued contributions to or withdrawn from any employee pension benefit plan, as defined in section 3(2) of ERISA, including (without limitation) any multi-employer plan, as defined in section 3(37) of ERISA, that covered Target Employees.