Acquiror Pension Plan definition

Acquiror Pension Plan has the meaning set forth in ss.4(o) (ii) below.
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Acquiror Pension Plan means the Retirement Plan for Employees of Pacific Gas Transmission Company, as in effect as of the date hereof. "Acquiror Thrift Plan" shall mean a defined contribution plan with a cash or deferred arrangement sponsored by the Acquiror or an Affiliate and intended to qualify under Sections 401(a) and (k) of the Code. "Acquisition Proposal" shall mean any inquiry, proposal or offer for, or any indication of interest in, from any person, either (A) a merger, acquisition, business combination, consolidation or similar transaction involving, A-1
Sample 1
Acquiror Pension Plan shall have the meaning given to that term in Section 3.3(m)(iii).
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Examples of Acquiror Pension Plan in a sentence

  • Following the Effective Date, Acquiror may, in its sole discretion, cause the Target Pension Plan to be terminated, merged into the Acquiror Pension Plan, or Acquiror may maintain the frozen plan as a separate plan.

  • Acquiror has not provided, or been required to provide, security to any Acquiror Pension Plan or to any single-employer plan of an ERISA Affiliate pursuant to Section 401(a)(29) of the IRC.

  • For example, but not by way of limitation, benefits payable to Continuing Employees pursuant to the Acquiror Pension Plan (and any other qualified or non-qualified plan, arrangement or contract providing retirement benefits) shall be reduced (on an actuarially equivalent basis) by benefits paid under the VRM Pension Plan (and any other qualified or non-qualified plan, arrangement or contract providing retirement benefits).

  • Any surplus Assets under the Company Pension Plan (i.e., any Assets held under the Company Pension Plan that are in excess of the Assets required to be allocated to the Company Pension Plan and the Acquiror Pension Plan in accordance with the preceding sentence) shall be retained by the Company Pension Plan.

  • The Parties acknowledge that the Acquiror Pension Plan’s transfer of such reimbursement amount to the Company Pension Plan shall be in full settlement and satisfaction of the obligations of Acquiror to cause the transfer of, and the Acquiror Pension Plan to transfer, Assets to the Company Pension Plan pursuant to this Section 6.5(b)(v).

  • In the event that Acquiror is obligated to cause the Acquiror Pension Plan to reimburse the Company Pension Plan pursuant to this Section 6.5(b)(v), such reimbursement shall be performed in accordance with the same principles set forth herein with respect to the payment of the Company True-Up Amount.

  • The final, verified value, as of the Closing Date, of the Assets to be transferred to the Acquiror Pension Plan as determined in accordance with this Section 6.5(b)(iv) shall be referred to herein as the “Pension Plan Transfer Amount”.

  • Neither Acquiror nor any of its Subsidiaries has provided, or is required to provide, security to any Acquiror Pension Plan or to any single-employer plan of an ERISA Affiliate pursuant to Section 401(a)(29) of the IRC.

  • The Parties acknowledge that the Company Pension Plan’s transfer of the Company True-Up Amount to the Acquiror Pension Plan shall be in full settlement and satisfaction of the obligations of the Company to cause the transfer of, and the Company Pension Plan to transfer, Assets to the Acquiror Pension Plan pursuant to this Section 6.5(b)(v).

  • Acquiror shall be responsible for any and all Liabilities (including Liability for funding) and other obligations with respect to the Acquiror Pension Plan.


More Definitions of Acquiror Pension Plan

Acquiror Pension Plan shall have the meaning given to that term in SECTION 3.3(M)(III).
Sample 1
Acquiror Pension Plan has the meaning set forth in § 3(o)(ii) below.
Sample 1
Acquiror Pension Plan means the Retirement Plan for Employees of Pacific Gas Transmission Company, as in effect as of the date hereof.
Sample 1
Acquiror Pension Plan has the meaning set forth in Section 4(o)(ii) below.
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Related to Acquiror Pension Plan

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Canadian Pension Plan means a pension plan or plan that is subject to applicable pension benefits legislation in any jurisdiction of Canada and that is organized and administered to provide pensions, pension benefits or retirement benefits for employees and former employees of any Loan Party or any Subsidiary thereof.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Credit Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

  • Foreign Pension Plan means any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States of America by the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower or such Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any member of the Controlled Group may have any liability.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Pension Plan means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Guaranteed Pension Plan means any employee pension benefit plan within the meaning of §3(2) of ERISA maintained or contributed to by any Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "EMPLOYEE BENEFIT PLAN," within the meaning of Section 3(3) of ERISA which is maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).