Multiple Employer Pension Plan definition

Multiple Employer Pension Plan means any employee benefit plan within the meaning of Section 3(3) of ERISA (other than a Multiemployer Plan), subject to Title IV of ERISA, to which the Company or any ERISA Affiliate and an employer (as such term is defined in Section 3 of ERISA), other than an ERISA Affiliate or the Company, contribute.

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Multiple Employer Pension Plan means any "employee benefit plan" within the meaning of section 3(3) of ERISA (other than a Multiemployer Plan), subject to Title IV of ERISA,

Multiple Employer Pension Plan. (i) neither Firstbank nor any Firstbank Subsidiary would have any liability or obligation to post a bond under Section 4063 of ERISA if Firstbank and all Firstbank Subsidiaries were to withdraw from such Multiple Employer Pension Plan; and (ii) neither Firstbank nor any Firstbank Subsidiary would have any liability under Section 4064 of ERISA if such Multiple Employer Pension Plan were to terminate.

Examples of Multiple Employer Pension Plan in a sentence

Eligibility to participate in the Deﬁned Beneﬁt Pension Plan as a UDS employee shall be determined solely as follows: Any employee hired by UDS who is, at the time of hiring by UDS, participating in the Multiple Employer Pension Plan (MEPP) or who is eligible to participate in the MEPP under the terms of the May 1, 2004 BJC/ PACE Collective Bargaining Agreement (including the Addendum) at Portsmouth shall be eligible to participate in the Deﬁned Beneﬁt Pension Plan as a UDS Employee.
Neither the Company nor any ERISA Affiliate is a “contributing sponsor” (as such term is defined in section 4001 of ERISA) in any Multiple Employer Pension Plan and neither the Company nor any ERISA Affiliate has incurred (without fully satisfying the same), or reasonably expects to incur, withdrawal liability in respect of any Multiple Employer Pension Plan, which withdrawal liability could reasonably be expected to have a Material Adverse Effect.
Wastren-EnergX Mission Support, LLC is a co-sponsor of and participant in the Multiple Employer Pension Plan (MEPP), a defined benefit pension plan.
With respect to each Seller Pension Plan that is described in Section 4063 (a) of ERISA (a "Multiple Employer Pension Plan"): (i) neither Seller nor any Seller Subsidiary would have any liability or obligation to post a bond under Section 4063 of ERISA if Seller and all Seller Subsidiaries were to withdraw from such Multiple Employer Pension Plan; and (ii) neither Seller nor any Seller Subsidiary would have any liability under Section 4064 of ERISA if such Multiple Employer Pension Plan were to terminate.
Except as set forth in Part 2.11(f) of Annex 3 hereto, neither the Company nor any ERISA Affiliate is a "contributing sponsor" (as defined in section 4001 of ERISA) in any Multiple Employer Pension Plan and neither the Company nor any ERISA Affiliate has incurred (without fully satisfying the same), or reasonably expects to incur, withdrawal liability in respect of any such Multiple Employer Pension Plan listed in such Part of Annex 3 hereto, which withdrawal liability could have a Material Adverse Effect.
ETTP Multiple Employer Pension Plan (MEPP) All Plan Documents and applicable amendments are incorporated in this Contract by reference.
Non-grandfathered employees, those not participating in the ETTP Multiple Employer Pension Plan (MEPP), will be eligible for non-discretionary company contribution of 5.8% based on applicable base hourly rate (no shift differential), on hours worked to include overtime hours.
With respect to each Pension Plan that is described in Section 4063(a) of ERISA (a "Multiple Employer Pension Plan"): (i) neither Seller nor any Seller Subsidiary would have any liability or obligation to post a bond under Section 4063 of ERISA if Seller and all Seller Subsidiaries were to withdraw from such Multiple Employer Pension Plan; and (ii) neither Seller nor any Seller Subsidiary would have any liability under Section 4064 of ERISA if such Multiple Employer Pension Plan were to terminate.
Neither the Company nor any ERISA Affiliate is a "contributing sponsor" (as such term is defined in section 4001 of ERISA) in any Multiple Employer Pension Plan and neither the Company nor any ERISA Affiliate has incurred (without fully satisfying the same), or reasonably expects to incur, withdrawal liability in respect of any Multiple Employer Pension Plan, which withdrawal liability could reasonably be expected to have a Material Adverse Effect.
Non-Grandfathered Employees, those not participating in the Multiple Employer Pension Plan, the Company will contribute a profit sharing component of a 401k plan of 5.8% of applicable hourly wage and COLA for every hour worked to include overtime - paid time off, lump sum payments, fringe benefits, bonuses, and similar compensation will not be considered eligible compensation.

More Definitions of Multiple Employer Pension Plan

Multiple Employer Pension Plan. Pension Plan," "Person," "Qualified Indebtedness Coverage Assets," "Qualified Restricted Payment Assets," "Real Estate Loans" and "Scheduled Interest Payments" and the following definitions are substituted respectively in lieu thereof:

Multiple Employer Pension Plan means any "employee benefit plan" within the meaning of section 3(3) of ERISA (other than a Multiemployer Plan), subject to Title IV of ERISA, constituting a "single-employer plan" (as defined in section 4001 of ERISA) which has two (2) or more "contributing sponsors" (as defined in section 4001 of ERISA), at least two (2) of which are not under "common control" (as defined in section 4001 of ERISA) and to which the Company or any ERISA Affiliate contribute. NET DEALER HOLDBACKS -- means, at any time, (a) dealer holdbacks minus (b) Advances, as such amounts would appear in the footnotes to the financial statements of the Company and the Restricted Subsidiaries prepared in accordance with GAAP at such time. As used in this definition: Advances -- means, at any time, the dollar amount of advances, as such amount would appear in the footnotes to the financial statements of the Company and the Restricted Subsidiaries prepared in accordance with GAAP at such time, provided that Advances shall not include Charged- Off Advances to the extent that such Charged-Off Advances exceed the portion of the Company's allowance for credit losses related to reserves against advances not expected to be recovered, as such allowance would appear in the footnotes to the financial statements of the Company and the Restricted Subsidiaries prepared in accordance with GAAP at such time.

Multiple Employer Pension Plan means a Single Employer Pension Plan, which (i) is maintained for employees of any Borrower or an ERISA Affiliate and at least one Person other than such Borrower and its ERISA Affiliates or (ii) was so maintained and in respect of which a Borrower or an ERISA Affiliate could have liability under Section 4064 or 4069 of ERISA in the event such Pension Plan has been or were to be terminated.

Multiple Employer Pension Plan means any Pension Plan (other than a Multiemployer Pension Plan), subject to Title IV of ERISA, to which the Company or any ERISA Affiliate and an employer (as such term is defined in Section 3(5) of ERISA) other than an ERISA Affiliate or the Company contribute. NET EARNINGS FOR INTEREST - Section 4.02A of the Indenture. OUTSTANDING - Section 1.01 of the Indenture; provided, however, that for purposes of this Agreement only (and not the Indenture, except to the extent provided therein), First Mortgage Bonds held or owned by the Company, any Subsidiary or any Affiliate shall not be deemed to be Outstanding. PARENT - Southwest Water Company, a Delaware corporation, which owns one hundred percent (100%) of the capital stock of the Company.