Accessible Going Concern Excess definition

Accessible Going Concern Excess means the amount by which the Going Concern Assets Value exceeds 105% of the Going Concern Liabilities Value, as those values are determined in the current actuarial valuation report.
Accessible Going Concern Excess as defined in Appendix B, if any. If the Required Contribution Rate identified in an actuarial valuation report of the Plan filed with the Superintendent of Pensions is less than the aggregate Employer and Plan Member contribution rate to the Basic Account then in effect (the “Current Contribution Rate”), the Board must reduce the aggregate Employer and Plan Member contribution rate to the Basic Account to the Required Contribution Rate. The decrease must be shared equally between the Employers and the Plan Members, and the Board must amend the Pension Plan Rules accordingly. Despite the preceding two sentences, if the Board determines that a reduction in the aggregate Employer and Plan Member contribution rate to the Basic Account otherwise mandated by this subsection (c) is not material, and would be unduly disruptive to the Employers and Plan Members to implement, the Board may choose to not implement the reduction. If the Required Contribution Rate identified in an actuarial valuation report of the Plan filed with the Superintendent of Pensions is greater than the Current Contribution Rate, the Board must increase the aggregate Employer and Plan Member contribution rate to the Basic Account to the Required Contribution Rate. The increase must be shared equally between the Employers and the Plan Members, and the Board must amend the Pension Plan Rules accordingly. If the EANC identified in an actuarial valuation report of the Plan filed with the Superintendent of Pensions is greater than the Current Contribution Rate, and there is Accessible Going Concern Excess in the Basic Account as of the effective date of the actuarial valuation report, the Board must use the Accessible Going Concern Excess to fund a reduction in the aggregate Employer and Plan Member contribution rate to the Basic Account determined pursuant to subsection (d) equal to the least of:
Accessible Going Concern Excess as defined in Appendix B, if any.

Examples of Accessible Going Concern Excess in a sentence

  • The Accessible Going Concern Excess must be so applied by amortizing it over a 25-year period from the effective date of the valuation assuming an open group of Plan Members.

  • I think there was a chart showing when the least traffic was going through the site so he’d set his alarm and get up at half past one, two o’clock and start trying to get onto the site.‘The barriers for the parents which were around the lack of understanding around the voucher system, the fact that when parents went on, often they couldn’t access the programme.

  • If the current contribution rate is less than the EANC, then the Accessible Going Concern Excess is used to support a contribution rate of the greater of the current contribution rate and the EANC minus 1.0%.

  • Since the table above shows no unfunded liability or Accessible Going Concern Excess on either the indexed or non-indexed basis, there are no amortization requirements according to the JTA and the funding policy.

Related to Accessible Going Concern Excess

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  • Small disadvantaged business concern means a small business concern that represents, as part of its offer that—

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  • Consolidated Total Tangible Assets means, as of any date, the Consolidated Total Assets as of such date, less all goodwill and intangible assets determined in accordance with GAAP included in such Consolidated Total Assets.

  • Net Tangible Assets means the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the Company’s balance sheet, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the Company’s current liabilities appearing on such balance sheet. For purposes of this definition, the Company's balance sheet does not include assets and liabilities of its subsidiaries.

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  • Excess valuation assets for a valuation period means, with

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  • Consolidated Tangible Net Assets means, on any date of determination and with respect to any Person at any time, the total of all assets (including revaluations thereof as a result of commercial appraisals, price level restatement or otherwise) appearing on the consolidated balance sheet of such Person and its Consolidated Subsidiaries most recently delivered to the Lenders pursuant to Section 5.01(i) as of such date of determination, net of applicable reserves and deductions, but excluding goodwill, trade names, trademarks, patents, unamortized debt discount and all other like intangible assets (which term shall not be construed to include such revaluations), less the aggregate of the consolidated current liabilities of such Person and its Consolidated Subsidiaries appearing on such balance sheet.

  • Net Book Value means the net book value of the relevant Supplier Asset(s) calculated in accordance with the depreciation policy of the Supplier set out in the letter in the agreed form from the Supplier to the Costumer of even date with this Call Off Contract;

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  • Information Assets means any information, including Confidential Information, necessary to the operation of either party that is created, stored, transmitted, processed, or managed on any hardware, software, network components, or any printed form, or is communicated orally. “Information Assets” does not include information that has been transferred from the Disclosing Party to the Receiving Party under applicable laws, regulations, and agency guidance, and that is being maintained and used by the Receiving Party solely for purposes that are not Contractor Covered California Functions.

  • Client Assets means assets which a bank has undertaken to hold for a client (whether or not on trust, and whether or not the undertaking has been complied with);

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  • Tangible Assets means assets consisting of land, buildings and plant, machinery and equipment;

  • Unimproved Real Property means Property in which the Company has an equity interest that was not acquired for the purpose of producing rental or other operating income, that has no development or construction in process and for which no development or construction is planned, in good faith, to commence within one (1) year.

  • Independently procured insurance means insurance procured under Section 31A-15-104.

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  • Business concern or business means a business that has annual gross sales of less than $75,000,000 as evidenced by the federal income tax return of the business. A firm with gross sales in excess of this cap may apply to the Council for certification for a particular contract if the firm can demonstrate that the contract would have significant impact on businesses owned by minorities, women, or persons with disabilities as suppliers or subcontractors or in employment of minorities, women, or persons with disabilities.