Corporation Plan definition

Corporation Plan has the meaning set forth in Section 2.19.
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Corporation Plan means, collectively, all employment agreements, health, welfare, bonus, deferred compensation, stock purchase, stock compensation, disability, pension or retirement plans and other employee compensation or benefit plans, policies or arrangements which are maintained by or binding upon the Corporation or any of its subsidiaries;
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Examples of Corporation Plan in a sentence

  • Monthly annuity payments shall be calculated using reasonable actuarial assumptions uniformly applied as determined by the Program administrator, by dividing the employee’s accrued benefits as of the most recent valuation date by their life expectancy per the applicable mortality table under the Corporation’s tax-qualified pension plan (i.e., the United States Steel Corporation Plan for Employee Pension Benefits (Revision of 2003)), and adjusted annually to reflect any investment earnings.

  • Any lump sum distribution under this Program shall be calculated in the same manner as it would have been calculated had it been made under the United States Steel Corporation Plan for Employee Pension Benefits (Revision of 2003).

  • Grantee understands that under the Amended and Restated 2003 Incentive Plan of Electronic Data Systems Corporation ("Plan"), grants of stock options under the Plan are made at the complete discretion of EDS pursuant to the Plan.

  • During this six-month delay period, simple interest will accrue and be payable, on the date specified in the preceding sentence, on the balance due using the average of the interest rates established under the Pension Benefit Guaranty Corporation regulations to determine the present value of lump sum distributions payable under the United States Steel Corporation Plan for Employee Pension Benefits (Revision of 2003) during the months included in the six-month delay period.

  • Subject to the terms of the Securityholders Agreement as described in the Sunbeam Corporation Plan and related Disclosure Statement, the members of the Boards of Directors of Reorganized Sunbeam and each primary operating Reorganized Debtor shall be identified at or prior to the Confirmation Hearing.

  • The purpose of this Plan is to compensate individuals for the loss of benefits under the United States Steel Corporation Plan for Employee Pension Benefits (Revision of 2003) (the “Qualified Plan”) that occur due to certain limits established under the Code or that are required under the Code.

  • Effective immediately after the Closing Date, the Transferred Employees who participate in the Verizon GTE Service Corporation Plan for Employees' Pensions (the "Seller Salaried Pension Plan") will be eligible to participate under a tax-qualified defined benefit pension plan established or maintained by Buyer to the same extent (if any) as similarly-situated employees of Buyer.

  • Should the Corporation not have an applicable Corporation Plan, the Senior Executive shall be reimbursed for any economically reasonable health and welfare insurance premiums paid by the Senior Executive.

  • Should the Corporation not have an applicable Corporation Plan, the Executive shall be reimbursed for any economically reasonable health and welfare insurance premiums paid by the Executive.

  • On the Effective Date, and subject to the separate affirmative vote in favor of the Sunbeam Corporation Plan by the holders of Allowed Secured Bank Claims in Class 3, which holders will receive, in the aggregate, 100% of the common shares of Reorganized Sunbeam to be issued under the Sunbeam Corporation Plan, the Boards of Directors of Reorganized Sunbeam and the Reorganized Debtors shall adopt the Management Equity Plans for the Reorganized Debtors.

Related to Corporation Plan

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • Corporation means a corporation, association, company, joint-stock company or business trust.

  • Public corporation means the same as that term is defined in Section 63E-1-102.

  • Amended and Restated Certificate of Incorporation means the Amended and Restated Certificate of Incorporation of the Company, as in effect as of the Effective Date.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • of a corporation means all classes of Capital Stock of such corporation then outstanding and normally entitled to vote in the election of directors.

  • Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.

  • Incentive Plan means any plan providing compensation that depends on achieving certain performance goals or similar conditions within a specified period;

  • Bancorp means Eagle Bancorp, Inc., a Maryland corporation.

  • resolution plan means a plan proposed by resolution applicant for insolvency resolution of the corporate debtor as a going concern in accordance with Part II;

  • Professional corporation means a corporation incorporated under former 1962 PA 192, or a corporation incorporated under this act and governed by chapter 2A.

  • Amended and Restated Bylaws means the Amended and Restated Bylaws of the Fund in effect at the time the Registration Statement relating to the Preferred Shares is declared effective by the Securities and Exchange Commission, specifying the powers, preferences and rights of the Preferred Shares.

  • Action Plan means an action plan as defined in the AEP Regulations in relation to the Premises;]

  • International Plan means any Employee Plan that is not a US Plan.

  • Parent Plan means any plan, policy, program, payroll practice, on-going arrangement, contract, trust, insurance policy or other agreement or funding vehicle, whether written or unwritten, maintained or sponsored by Parent or any of its Subsidiaries or Affiliates (or any of their respective predecessors) at any time on or prior to the Effective Time for the purpose of providing compensation or benefits to any current or former employee of any such person.

  • Eligible Corporation means any domestic C corporation (as defined in section 1361(a)(2) of the Code) other than a corporation which is exempt from, or is not subject to, tax under section 11 of the Code, an entity described in section 851(a) or 856(a) of the Code, a REMIC; or an organization to which part I, subchapter T, chapter 1, subtitle A of the Code applies. The Term "Related Person" means any person that bears a relationship to the Transferee enumerated in section 267(b) or 707(b)(1) of the Code, using "20 percent" instead of "50 percent" where it appears under the provisions; or is under common control (within the meaning of section 52(a) and (b) of the Code) with the Transferee.

  • Domestic Corporation means an entity that is treated as a corporation for United States federal income tax purposes and is a U.S. Tax Person.