Defined Benefits Plan definition

Defined Benefits Plan means a pension plan which contains a “defined benefit provision”, as that term is defined in subsection 147.1(1) of the Tax Act.
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Defined Benefits Plan has the meaning given to it in Section 3.11.
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Examples of Defined Benefits Plan in a sentence

  • Nurses in the MHS Defined Benefit plan: If the terms of the MHS Defined Benefits Plan are changed for nurses who are in the plan in the Tacoma General bargaining unit, those same changes shall apply to any Good Samaritan bargaining unit nurses who are in the Defined Benefit plan.

  • As of the date hereof, none of the Obligors have established or contributed to any Defined Benefits Plan, and have not incurred any liability in respect of any Defined Benefits Plan, other than ▇▇▇▇▇▇ ▇▇▇▇▇▇ Canada Inc.

  • Other than as set forth in Schedule 3.11, no Credit Party has converted any Defined Benefits Plan to a defined contribution plan which is continuing.

  • Except for employees of any Credit Party who were, as of December 31, 2008, a beneficiary of a Defined Benefits Plan, no employee of any Credit Party (including, for greater certainty, any new employee of any Credit Party who became employed after such date) has, is or will be entitled to become a beneficiary of a Defined Benefits Plan.

  • Since December 31, 2012, no Credit Party has established any new Defined Benefits Plan.

  • In addition to the payments as mentioned in Article 2 of this agreement, no later than 31 January 2012, the Employer will pay a one-time lump-sum equal to 29 times the monthly employer’s contribution to the group insurance plan (Swiss Life Defined Benefits Plan - Swiss Life Pool Leaderfund (GN 1044/01)).

  • The District and KTA agree to meet the interest of the certificated staff in having these additional compensations (National Board Certification, Masters Degree, or Doctoral Degree) reported to the Defined Benefits Plan within STRS.

  • Importantly, MySuper only applies to Accumulation style benefits, not Defined Benefits, whereas our workforce (in Australia) has a Defined Benefits Plan.

  • Since December 31, 2017, no Credit Party has established any new Defined Benefits Plan.

  • If a Transferred Employee commences the payment of the Transferred Employee's benefits before Normal Retirement Date, as defined in the New Defined Benefits Plan, and the amount of the Transferred Employee's retirement benefit is determined under Section 5.

Related to Defined Benefits Plan

  • Defined Benefit Plan means either a plan described in Section 3(35) of ERISA or a plan subject to the minimum funding standards set forth in Section 302 of ERISA and Section 412 of the Code.

  • Defined Benefit Plan Fraction means a fraction, the numerator of which is the projected annual benefit (determined as of the close of the relevant Plan Year) of the Participant under all Defined Benefit Plans maintained by one or more Related Companies, and the denominator of which is the lesser of (i) the product of 1.25 multiplied by the dollar limitation in effect under Section 415(b)(1)(A) of the Code for the Plan Year, or (ii) the product of 1.4 multiplied by the amount which may be taken into account under Section 415(b)(1)(B) of the Code with respect to the Participant for the Plan Year.

  • Health benefits plan means a benefits plan which pays or

  • Canadian Defined Benefit Plan means a Canadian Pension Plan, which contains a “defined benefit provision,” as defined in subsection 147.1(1) of the ITA.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.