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 plan (other than a Canadian Pension Plan) established or maintained by, or on behalf of the Credit Parties for the benefit of any of their respective employees.
Examples of Canadian Plan in a sentence
No Canadian Plan Termination Event has occurred that would be reasonably likely to have a Material Adverse Effect.
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.
Permit any Canadian Loan Party or any of its Subsidiaries to maintain any Canadian Plan that is a defined benefit pension plan.
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.
The above mentioned jurisdictional claims are subject to Trade Agreement to decisions of the former National Joint Board for the Settlement of Jurisdictional Disputes and the Canadian Plan for the Settlement of Jurisdictional Disputes in the Construction Industry.
More Definitions of Canadian Plan
Canadian Plan means any employee benefit program relating to employees of the Canadian Borrower or any Canadian Subsidiary, other than a Canadian Pension Plan, but including, without limitation, profit sharing, deferred compensation, incentive severance, change of control, phantom stock, stock option, stock purchase, bonus and health or insurance plans and arrangements (in each case, registered or unregistered, funded or unfunded, oral or written).
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 an employee pension benefit plan or pension plan that is covered by the Laws of any jurisdiction in Canada including the Pension Benefits Act (Ontario) and the Income Tax Act (Canada) or subject to minimum funding standards and that is either (a) maintained or sponsored by any Canadian Loan Party for its employees, (b) maintained pursuant to a collective bargaining agreement, or other arrangement under which more than one employer makes contributions and to which any Canadian Loan Party is making or accruing an obligation to make contributions or has within the preceding five years made or accrued such contributions or (c) any other plan with respect to which any Canadian Loan Party has incurred or may incur liability, including contingent liability either to such plan or to any Person, administration or Governmental Authority.
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 Canadian Subsidiary.
Canadian Plan means a pension plan established by any Canadian Subsidiary of the Company for any of its employees which is not subject to ERISA.
Canadian Plan means the Plan of Reorganization and Compromise filed by QWI pursuant to the provisions of the CCAA and the CBCA, a copy of which is set forth on Exhibit I.B.32 hereto, as such plan may be amended, varied or supplemented from time to time in accordance with its terms and the order approving the same.