Basic Pension Plan definition

Basic Pension Plan means the National Fuel Gas Company Retirement Plan, as amended and restated from time to time.
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Basic Pension Plan means the Sempra Energy Cash Balance Plan, and where applicable by the context, the pension plan of a subsidiary of Sempra Energy.
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Basic Pension Plan means the Agnico-Eagle Mines Limited Employees Pension Plan, as amended by the Company from time to time, and shall include any successor or substitute plan or plans of the Company. •
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Examples of Basic Pension Plan in a sentence

  • The Board and the member shall make equal contributions to the O.M.E.R.S. Basic Pension Plan Benefit as prescribed under the O.M.E.R.S. Act and Regulations thereto.

  • Employees who terminate with eligibility for a Deferred Vested Pension and have at least two hundred fifty hours of Sick Leave in their Bank will also receive Credited Service in their Basic Pension Plan calculation.

  • However, employees with a balance of two hundred fifty (250) or more Sick Leave hours at the time of retirement or termination will receive Credited Service under the Basic Pension Plan equal to the number of hours remaining in their Sick Leave Bank.

  • Any salary components covered by the Supplementary Pension Plan are not covered by the Basic Pension Plan.

  • To provide for the possibility that benefit payments will continue after the Member’s lifetime, the benefit payable to the Member during his or her lifetime under this Section 5.3(c) shall be reduced from the benefit that would have been payable as a single life annuity under Section 5.3(b), based on the same factors that would apply were such benefit payable under the Basic Pension Plan, including the Member’s age.

  • Effective January and continuing each year thereafter, the Board shall purchase, in addition to Basic Pension Plan, a Type Supplementary Pension Plan at a benefit rate to fully cover past and future service.

  • The Top-Hat Benefit makes a Member whole for any reduction in the regular pension he receives under the Basic Pension Plan resulting from Internal Revenue Code limitations and/or his participation in the National Fuel Gas Company Deferred Compensation Plan.

  • Benefits are recognized when due and payable in accordance with the terms of the Basic Pension Plan.

  • Employer contributions to the Basic Pension Plan are recognized when due.

  • To provide for the possibility that benefit payments will continue after the Member’s lifetime, the benefit payable to the Member during his or her lifetime under this Section 5.3(d) shall be reduced from the benefit that would have been payable as a single life annuity under Section 5.3(b), based on the same factors that would apply were such benefit payable under the Basic Pension Plan, including the Member’s age and that of his or her Beneficiary.


More Definitions of Basic Pension Plan

Basic Pension Plan means the registered pension plan, if any, of which the Executive was a member prior to January 1, 2002 and/or will be a member after January 1, 2002 as indicated on the attached Schedule A, as amended by the Company from time to time, and shall include any successor or substitute plan or plans of the Company.
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Basic Pension Plan means the plan which is known as the Macy’s, Inc. Cash Account Pension Plan, as such plan exists as of the Effective Amendment Date or as it may thereafter be amended. The Basic Pension Plan, as herein defined, is a defined benefit plan (as such term is defined in Section 414(j) of the Code and Section 3(35) of ERISA), is intended to be qualified as a tax-favored plan under Section 401(a) of the Code, and is sponsored by Macy’s.
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Basic Pension Plan means a defined benefit pension plan or money purchase pension plan sponsored by the Employer.
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Basic Pension Plan means the MeadWestvaco Corporation Retirement Plan for Salaried and Non-Bargained Hourly Employees or any other “defined benefit plan” (as defined in section 3 of ERISA) sponsored by the Employer that is qualified under section 401(a) of the Code and is designated by the Board of Directors as a “Basic Pension Plan” for purposes of this Plan.
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Related to Basic 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.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • 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).

  • 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.

  • 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.

  • 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.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this 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.

  • 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.

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

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • 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.

  • 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.

  • 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.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

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

  • Retirement Benefit means the benefit set forth in Article 5.

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • 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.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Qualified Plan means a Benefit Arrangement that is intended to be tax-qualified under Section 401(a) of the Internal Revenue Code.