Delphi HRP definition

Delphi HRP means the Delphi Hourly-Rate Employees Pension Plan.
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Delphi HRP means the Delphi Hourly-Rate Employees Pension Plan. “Delphi India” means Delphi Automotive Systems Pvt. Ltd.
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Delphi HRP means the Delphi Hourly-Rate Employees Pension
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Examples of Delphi HRP in a sentence

  • The determination shall be in accordance with the 414(l) asset allocation of the Delphi HRP participant liabilities to be transferred.

  • The transfers shall have no effect on the amount of accrued pension benefits for employees who either remain in the Delphi HRP or are transferred to the GM HRP.

  • Assets of the Delphi HRP are held in a master pension trust (the "Delphi Pension Trust") and the assets of the GM HRP are also held in a pension trust (the "GM Pension Trust").

  • The transfer shall be subject to the Internal Revenue Service ("IRS") ruling issued to Delphi and GM on May 29, 2007 related to the transfer (the "IRS Ruling") and the continued application of the funding waiver with respect to the Delphi HRP issued to Delphi by the IRS on May 1, 2007, as modified by the IRS on July 13, 2007, including any modifications to either of such rulings approved by the IRS.

  • The determination of which Delphi HRP assets are ultimately transferred on each of the First Tranche Date and Second Tranche Date willTransfer Dates, with GMIMCo's assistance, shall be mutually agreed by Delphi and GM.

  • For active Delphi PRP participants included in the Delphi HRP transfer on the First Transfer Date or Second Transfer Date, GM shall assume the responsibility for providing future service for this population under the GM HRP subject to Delphi providing GM with compensation equal to the value of this additional obligation ("Incremental PRP Obligation") through a direct cash payment on the applicable Transfer Date and in accordance with the applicable Labor MOU.

  • For active Delphi PRP participants included in the Delphi HRP transfer on the First Transfer Date or Second Transfer Date, GM shall assume the responsibility for providing future service for this population under the GM HRP subject to Delphi providing GM with compensation equal to the value of this additional obligation (“Incremental PRP Obligation”) through a direct cash payment on the applicable Transfer Date and in accordance with the applicable Labor MOU.

  • The Incremental PRP Obligation shall equal the difference between: (1) The present value of benefits (“PVB”) for Delphi PRP participants assuming the full Delphi HRP basic benefit and early retirement supplement (and related benefits) payable at thirty (30) years of credited service shall be earned; and (2) The PBO for Delphi PRP participants including the portion of the Delphi HRP basic benefit and early retirement supplement (and related benefits) earned based on credited service on the Transfer Date.

  • As soon as practicable following the Effective Date, Delphi shall fund an amount that satisfies the minimum funding standard for the Delphi HRP under Code Section 412 but in no event before the transfer of Delphi HRP liabilities under Code Section 414(l) discussed in Section 2.03 above.

  • The determination of which Delphi HRP assets are ultimately transferred on the First and Second Transfer Dates, with GMIMCo’s assistance, shall be mutually agreed by Delphi and GM.


More Definitions of Delphi HRP

Delphi HRP means the Delphi Hourly-Rate Employees Pension Plan. Section 1.26 “Delphi Pension Trust” shall have the meaning ascribed to such term in section 2.03(c)(vi) hereof. Section 1.27 “Delphi Plan” shall mean any Plan proposed or supported by Delphi. Section 1.28 “Delphi PRP” shall mean the pre-retirement program option offered by Delphi as part of the SAPs. Section 1.29 “Delphi-Related Parties” shall mean the Debtors, the estates of the Debtors as created under Bankruptcy Code section 541, the Delphi HRP, the Delphi Health Care Program for Hourly Employees, the Delphi Life and Disability Benefits Program for Hourly Employees, any other Delphi pension or welfare benefit plan, and each of their respective current and former principals, officers, directors, agents, employees, advisors, and representatives (including any attorneys, financial advisors, investment bankers, and other professionals retained by such persons or entities) in their respective capacities. Section 1.30 “Delphi Surviving Claims” shall have the meaning ascribed to such term in section 4.03(a) hereof. GSA-7
Sample 1
Delphi HRP shall have the meaning ascribed to it in Paragraph 1 of this Settlement Agreement.
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Related to Delphi HRP

  • Retiree Health Plan means an "employee welfare benefit plan" within the meaning of Section 3(1) of ERISA that provides benefits to individuals after termination of their employment, other than as required by Section 601 of ERISA.

  • Group health plan means an employee welfare benefit plan as defined in section 3(1) of subtitle A of title I of the employee retirement income security act of 1974, Public Law 93-406, 29 USC 1002, to the extent that the plan provides medical care, including items and services paid for as medical care to employees or their dependents as defined under the terms of the plan directly or through insurance, reimbursement, or otherwise.

  • aepaccmeצc means the department of health and human

  • ITT means the Purchaser’s invitation to tender dated (date ITT issued).

  • Honeywell has the meaning set forth in the preamble.

  • Company 401(k) Plan shall have the meaning set forth in Section 4.11(f).

  • BCP means BCP Asset Management Limited and its successors, assigns and transferees.

  • FMC means The First Marblehead Corporation, a Delaware corporation.

  • FMCSA means Federal Motor Carrier Safety Administration.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • NEC Electronics as used in this statement means NEC Electronics Corporation and also includes its majority-owned subsidiaries.

  • Health plan or "health benefit plan" means any policy,

  • GM means genetically modified.

  • Asset Management Plan means a plan created by the department and approved by the state transportation commission or a plan created by a local road agency and approved by the local road agency's governing body that includes provisions for asset inventory, performance goals, risk of failure analysis, anticipated revenues and expenses, performance outcomes, and coordination with other infrastructure owners.

  • TMDL means the total maximum daily load limitation of a parameter, representing the estimated assimilative capacity for a water body before other designated uses are adversely affected. Mathematically, it is the sum of wasteload allocations for point sources, load allocations for non-point and natural background sources, and a margin of safety.

  • Career teacher means a teacher who:

  • GVWR means gross vehicle weight rating.