Net Pension Liabilities definition
Net Pension Liabilities means, as of the Closing Date, the aggregate total defined benefit pension obligations (“ Obligación por beneficios definidos (OBD) ”) plus the aggregate plan adjustments (“ modificaciones al plan ”) plus the aggregate actuarial gains or losses (“ (ganancias) / perdidas actuariales ”), in each case for Envases de Vidrio Las Americas, S.A. de C.V. and Especialidades Operativas Las Americas, S.A. de C.V. as calculated by Towers Watson in accordance with Mexican GAAP using the same methodologies and assumptions used by Vitro and/or its advisors in calculating net pension liabilities under the Mexican Pension Plan as of December 31, 2014 and expressed in Mexican Pesos. Net Pension Liabilities shall be determined as shown in the example attached hereto as Exhibit F and, for the avoidance of doubt, the parties agree that Net Pension Liabilities for the year ended December 31, 2014 was $324,190,482 Mexican Pesos.
Net Pension Liabilities means an amount equal to (a) the aggregate amount of Transferred Pension Liabilities relating to the plans listed on Schedule 3.6 of the Disclosure Letter minus
Net Pension Liabilities means, as of the Closing Date, the aggregate total defined benefit pension obligations (“Obligación por beneficios definidos (OBD)”) plus the aggregate plan adjustments (“modificaciones al plan”) plus the aggregate actuarial gains or losses (“(ganancias) / perdidas actuariales”), in each case for Envases ▇▇ ▇▇▇▇▇▇ Las Americas, S.A. de C.V. and Especialidades Operativas Las Americas, S.A. de C.V. as calculated by Towers ▇▇▇▇▇▇ in accordance with Mexican GAAP using the same methodologies and assumptions used by Vitro and/or its advisors in calculating net pension liabilities under the Mexican Pension Plan as of December 31, 2014 and expressed in Mexican Pesos. Net Pension Liabilities shall be determined as shown in the example attached hereto as Exhibit F and, for the avoidance of doubt, the parties agree that Net Pension Liabilities for the year ended December 31, 2014 was $324,190,482 Mexican Pesos.
Examples of Net Pension Liabilities in a sentence
For purposes of this Agreement, Net Pension Liabilities shall be determined on the basis of the methodology, assumptions and procedures set forth on Appendix G (the “Pension Calculation Principles”).
As used herein, “Estimated Net Pension Liabilities Adjustment Amount” means, (i) if the amount of the Estimated Net Pension Liabilities is greater than the Net Pension Liabilities Target, the dollar amount of such difference (rounded to the nearest whole dollar) and (ii) if the amount of the Estimated Net Pension Liabilities is less than the Net Pension Liabilities Target, the dollar amount of such difference (rounded to the nearest whole dollar).