ASC 715 definition

ASC 715 means Accounting Standards Codification Section 715: Compensation-Retirement Benefits. [ * * * ]
ASC 715 means Accounting Standards Codification No. 715, “Compensation-Retirement Benefitsissued by the Financial Accounting Standards Board of the Financial Accounting Foundation in July 2009, as amended or succeeded by subsequent pronouncements, if applicable.
ASC 715 means Accounting Standards Codification Section 715: Compensation-Retirement Benefits. “Asset Class” means each asset class identified in Section I of the Procedures Manual.

Examples of ASC 715 in a sentence

  • The “benefit obligation” of all Plans does not exceed the “fair market value of plan assets” for such Plans by more than $10,000,000 all as determined by and with such terms defined in accordance with FASB ASC 715.

  • The “benefit obligation” of all Plans does not exceed the “fair market value of plan assets” for such Plans by more than $50,000,000 all as determined by and with such terms defined in accordance with FASB ASC 715.

  • ACCRUED PENSION AND POST-RETIREMENT BENEFITS AND FUNDING STATUSFASB Accounting Standards Codification (“FASB ASC”) Topic 715, Compensation – Retirement Benefits (FASB ASC 715), requires an organization to recognize the over-funded or under-funded status of a defined benefit and post-retirement benefit plan in its statement of financial position and to recognize changes in funded status in the year in which the changes occur through changes in unrestricted net assets.

  • Except as set forth on Part II to Schedule 4.12, the present value of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of FASB ASC 715) did not, as of the date of the most recent actuarial valuations conducted prior to the Closing Date reflecting such amounts, exceed the fair market value of the assets of such Plan.

  • Any arrangement that is in substance a postretirement benefit plan, regardless of its form, is covered by ASC 715.


More Definitions of ASC 715

ASC 715 has the meaning specified in the definition of ARL. Assets has the meaning specified in the Separation Agreement.
ASC 715 means Accounting Standards Codification Section 715: Compensation-Retirement Benefits. [ * * * ][ * * * ] is defined in the “REFERENCE_WORKSHEET” Tab of the Workbook.
ASC 715 shall have the meaning provided in the definition ofUnfunded Current Liability.”
ASC 715 has the meaning set forth in Section 8(d).
ASC 715 means Accounting Standards Codification Section 715: Compensation-Retirement Benefits. “ATSA” is defined in the recitals.
ASC 715 means Accounting Standards Codification Section 715: Compensation-Retirement Benefits. “[ *** ] Workbook” means the excel file titled “[ *** ] Workbook - Sep 18 2014_Sent.xlsb.xlsb” that was delivered on behalf of the Insurer to the Company in an email at 9:21 p.m. eastern daylight time on September 18, 2014. [***] Confidential Treatment Requested Confidential portion omitted and filed separately with the Commission
ASC 715 means FASB Accounting Standards Codification 715, Compensation – Retirement Benefits.