Canadian Plan definition
Canadian Plan means any plan, program, agreement or arrangement that is a pension plan for the purposes of Applicable Canadian Pension Legislation or under the Income Tax Act (Canada) (whether or not registered under such law) that is maintained or contributed to, or to which there is or may be an obligation to contribute, by Holdings or any of its Subsidiaries in respect of their respective employees in Canada, but does not include the Canada Pension Plan or the Quebec Pension Plan that is mandated by the Government of Canada or the Province of Quebec, respectively.
Canadian Plan means Devon Canada Corporation Incentive Savings Plan. “DD&A” means depreciation, depletion and amortization expenses. “Devon Plan” means Devon Energy Corporation Incentive Savings Plan. “E&P” means exploration and production activities.
Canadian Plan means any employee benefit, pension, retirement or other equivalent or analogous plan or program including, without limitation, any multi-employer pension plan, established or maintained by, for or on behalf of any Credit Party, or any Subsidiary of any Credit Party, domiciled in Canada which is subject to the minimum funding standards prescribed by Applicable Law of Canada or any province, territory or other political subdivision thereof.
Examples of Canadian Plan in a sentence
The parties agree to abide by a decision of the Canadian Plan for the settlement of Jurisdictional Disputes in the construction Industry and/or the Ontario Labour Relations Board.
No Canadian Plan Termination Event has occurred that would be reasonably likely to have a Material Adverse Effect.
Permit any Canadian Loan Party or any of its Subsidiaries to maintain any Canadian Plan that is a defined benefit pension plan.
The Canadian Plan consists of two components, a Deferred Profit Sharing Plan ("DPSP") and an Employee Profit Sharing Plan ("EPSP").
No Canadian Plan has been terminated or partially terminated or is insolvent or in reorganization, nor have any proceedings been instituted to terminate, in whole or in part, or reorganize any Canadian Plan.
More Definitions of Canadian Plan
Canadian Plan means a pension plan established by the Canadian Borrower or any other Canadian Subsidiary of the Company for any of its employees which is not subject to ERISA.
Canadian Plan means each employee benefit plan (other than a pension plan) which the Company or any one of its Material Subsidiaries maintains or to which it is obligated to contribute and which is subject to any Canadian federal Law or provincial Law relating to employee benefit plans (other than pension plans).
Canadian Plan means the CCAA plan of compromise or arrangement (including any exhibits, annexes and schedules thereto) for the Canadian Debtors that effectuates the Settlement, consistent with the terms of this Settlement and Support Agreement, as it may be modified or supplemented in accordance with its terms.
Canadian Plan means (i) the employee benefit arrangement which a Subsidiary established for the Canadian Participants identified on Schedule A hereto, pursuant to which such Canadian Participants were designated phantom Class B units and/or phantom Class A-1 units of the Company’s predecessor, as set forth on Schedule A, and (ii) the employee benefit plan which the Company or one of its Subsidiaries will establish for the Canadian Participants identified on Schedule A hereto, pursuant to which such Canadian Participants will be awarded phantom Class B Shares (the “Phantom Class B Shares”) and/or phantom Class C Shares (the “Phantom Class C Shares”), respectively, that correspond to their previously designated phantom Class B units and/or phantom Class A-1 units, as applicable. For the avoidance of doubt, the Phantom Class B Shares and the Phantom Class C Shares shall be substituted for the phantom Class B units and phantom Class A-1 units of the Company’s predecessor, as applicable, and such holders of phantom Class B units and phantom Class A-1 units shall have no rights in respect of such units after such substitution.
Canadian Plan means a pension plan provided by TLGI or any other Subsidiary incorporated under the laws of Canada or any Province of Canada.
Canadian Plan means any pension or other employee benefit plan and which is: (a) a plan maintained by the Borrower or any other Canadian Loan Party; (b) a plan to which the Borrower or any other Canadian Loan Party contributes or is required to contribute; (c) a plan to which the Borrower or any other Canadian Loan Party was required to make contributions at any time during the five (5) calendar years preceding the date of this Agreement; or (d) any other plan with respect to which the Borrower or any other Canadian Loan Party has incurred or may incur liability, including contingent liability either to such plan or to any Person, administration or Governmental Authority, including the FSCO.
Canadian Plan means any plan, program, practice, arrangement or policy, whether registered or unregistered, written or unwritten, funded or unfunded, insured or uninsured, that is maintained, administered or contributed to by the Company or any of its Subsidiaries (or under which the Company or any Subsidiary has or may have any obligation) in respect of employees or former employees in Canada (or their spouses, beneficiaries or dependents), and relating to: pensions, supplemental pensions, retirement or retirement savings, profit sharing or deferred profit sharing, deferred or incentive compensation, bonuses, death benefits, life or disability insurance, medical or dental insurance or benefits or other similar employee benefits.