Benefit Obligations definition

Benefit Obligations means all benefits to which the Participant (or his or her designated beneficiary or legal representative, as applicable) is entitled or vested (or becomes entitled or vested as a result of termination) under the terms of all Benefit Plans in which the Participant is a participant as of the Participant’s termination of employment and to the extent not theretofore paid or provided.

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Benefit Obligations means all obligations, arrangements, or customary practices to provide benefits as compensation for services rendered, to present or former directors, employees, or agents, other than obligations, arrangements, and practices that are Plans.

Benefit Obligations means, collectively, (a) the obligations owing to the employees and other beneficiaries under the "Class I" plans identified in Appendix A to the Trust; (b) the obligations owing to the employees and other beneficiaries under the "Class II" plans identified in Appendix A to the Trust; and (c) the obligations that would be owed to the employees and other beneficiaries covered by the "Class III" agreements identified in Appendix A to the Trust if all of the conditions for all payments were met.

Examples of Benefit Obligations in a sentence

• At no time shall the Accumulated Benefit Obligations under any Plan that is not a Multiemployer Plan exceed the fair market value of the assets of such Plan allocable to such benefits by more than $10,000,000.

• At no time shall the Accumulated Benefit Obligations under any Plan that is not a Multiemployer Plan exceed the fair market value of the assets of such Plan allocable to such benefits by more than $1,000,000.

• At no time shall the Accumulated Benefit Obligations under any Plan that is not a Multiemployer Plan exceed the fair market value of the assets of such Plan allocable to such benefits by more than $500,000.

• At no time shall the Accumulated Benefit Obligations under any Plans that are not Multiemployer Plans exceed the fair market value of the assets of such Plans allocable to such benefits by more than $5,000,000.

• At no time shall the Accumulated Benefit Obligations under any Plan that is not a Multiemployer Plan exceed the fair market value of the assets of such Plan allocable to such benefits by more than $250,000.

• Nothing in this Section 7.1(d) shall be construed to require Employee to execute a release in any form if Employee does not accept payments described in this Section 7.1 other than the Accrued Obligations and Benefit Obligations.

• No event has occurred or circumstance exists that may result in (i) a material increase in premium costs of Company Plans and Other Benefit Obligations that are insured or (ii) a material increase in benefit costs of Company Plans and Other Benefit Obligations that are self-insured.

• All contributions and payments made or accrued with respect to all Company Plans and Other Benefit Obligations are deductible under Code Sections 162 or 404.

• At no time shall the Accumulated Plan Benefit Obligations under any Plan that is not a Multiemployer Plan exceed the fair market value of the assets of such Plan allocable to such benefits by more than $250,000.

• Benefit Obligations; (ii) the Company, with respect to all Company Plans and Company Other Benefits Obligations, is, and each Company Plan and Company Other Benefit Obligation is, in full compliance with all applicable Legal Requirements; (iii) the Company has made appropriate entries in its financial records and statements for all obligations and liabilities under such Company Plans and Company Other Benefit Obligations that have accrued but are not due to be paid in cash.

More Definitions of Benefit Obligations

Benefit Obligations means all benefits to which the Participant (or his or her designated beneficiary or legal representative, as applicable) is entitled or vested (or becomes entitled or vested as a result of termination) under the terms of all Benefit Plans in which the

Benefit Obligations means the employer's aggregate financial liability to provide all current, projected and contingent benefits to Employees or former Employees of Company or any Acquired Entity, or their beneficiaries or dependents, as the case may be, under the terms of any Employee Plan, regardless of whether an amount less than such aggregate financial liability is reflected on the employer's financial statements under applicable tax or accounting rules.

Benefit Obligations shall have the meaning set forth in Section 4.3(c).

Benefit Obligations means the employer's aggregate financial liability to provide all current, projected and contingent benefits to Employees or former Employees of E3 or any Acquired Entity, or their beneficiaries or dependents, as the case may be, under the terms of any E3 Employee Plan, regardless of whether an amount less than such aggregate financial liability is reflected on the employer's financial statements under applicable tax or accounting rules.

Benefit Obligations means the actual liability to provide all current and projected benefits to Employees, their dependents and beneficiaries, under an Employee Plan, regardless of whether an amount less than such actual liability is reported on the employer's financial statements under applicable tax or accounting rules. For example, the "Benefit Obligations" of an unfunded book reserve pension plan in Germany is greater than the amount credited to the employer's bookkeeping reserve.

Benefit Obligations means the present value of estimated future benefits earned to date.