Covered Plans definition
Examples of Covered Plans in a sentence
All such determinations shall be based on the terms of the Covered Plans and the actuarial assumptions and methodology set forth in Exhibit B.
With respect to any benefits provided to Employee hereunder which may be subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (the "Covered Plans"), and notwithstanding Section 6.07(b) above, the adjudication of any claims under the Covered Plans shall be administered in accordance with the terms and conditions of such Covered Plan.
Except as provided in Article 3 or in Article 6, Nordson shall not have any right or power to direct the Trustee to return to Nordson or to divert to others any of the Trust assets before all payments that may become payable to any and all Participants under the Covered Plans (as defined in Section 15.4) have been made to Participants.
Any rights created under the Covered Plans (as defined in Section 15.4 below) and this Trust Agreement shall be mere unsecured contractual rights of Participants against Key.
Nothing in this Trust Agreement shall in any way diminish any rights of Participants to pursue their rights as general creditors of Key with respect to benefits due under the Covered Plans or otherwise.
Except as provided in Article 3 or in Article 6, Key shall not have any right or power to direct the Trustee to return to Key or to divert to others any of the Trust assets before all payments that may become payable to any and all Participants under the Covered Plans have been made to Participants.
The Trustee shall not be liable to any Participant for any insufficiency of the Trust property to discharge all benefits due the same under the Covered Plans; rather, the liability for all such benefits shall be and remain the primary and ultimate responsibility of Nordson.
With respect to any benefits ---------------------------- provided to Employee hereunder which may be subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (the "Covered Plans"), and notwithstanding Section 6.07(b) above, the adjudication of any claims under the Covered Plans shall be administered in accordance with the terms and conditions of such Covered Plan.
Except as provided in Article 3 or Article 6, Oglebay shall not have any right or power to direct the Trustee to return to Oglebay or to divert to others any of the Trust assets before all payments that may become payable to any and all Participants under the Covered Plans (as defined in Section 15.5) have been made to Participants.
In addition, the Provider will provide, or cause to be provided, all employee benefit administration for the Covered Plans and also will provide administration services limited to determinations of eligibility for (but shall not pay for any coverage under) the Liberty Sports Group Short Term Disability Plan through December 31, 2009.