Examples of Controlled Group Members in a sentence
For purposes of the allocation limitations under Code section 415 set forth in this Article, (i) all Defined Benefit Plans ever maintained by a Controlled Group Member will be treated as one Defined Benefit Plan, and all Defined Contribution Plans ever maintained by a Controlled Group Member will be treated as one Defined Contribution Plan, and (ii) Controlled Group Members will be determined in accordance with the 50% control rule of Code section 415(h).
Therefore, net worth is not limiting, and liens have arisen upon all property and rights to property, whether real or personal, belonging to each of the Uforma Controlled Group Members for the full amount of Employer Liability (the “ Liens”).
On October 15, 2012, PBGC sent a letter to each of the Uforma Controlled Group Members demanding payment no later than October 19, 2012, of unpaid Insurance Premiums, plusinterest.
On October 15, 2012, PBGC sent a letter to each of the Uforma Controlled Group Members demanding payment no later than October 19, 2012, of Employer Liability for the Plans.
The Uforma Controlled Group Members are jointly and severally liable to PBGC for Insurance Premiums due.