Pension Assets definition

Pension Assets is defined in Section 11.2.1(d)(i).

Pension Assets means, as of the Closing Date, the aggregate fair market value of the assets of the applicable Funded Pension Plan and "Pension Liabilities" shall mean, as of the Closing Date, the accumulated benefit obligations (as defined under FAS No. 87) under the applicable Funded Pension Plan, which, in each case, shall be determined on the basis of the methodologies and assumptions with respect to the applicable Funded Pension Plan utilized in Audited Financial Statements as set forth in Section 6.8(n)(iv) of the Disclosure Schedule, provided that (x) the exchange rate, to the extent applicable, will be determined as of the Closing Date in accordance with the Currency Conversion Rules, (y) the participant census information shall be actual census information with respect to the applicable Funded Pension Plan as of the Closing Date, and (z) creditable service will be that performed on or before the Closing Date.

Pension Assets means contributions collected under MRPS and the return on investment of such contributions as defined in the Pension Act.

Examples of Pension Assets in a sentence

• The amount of Excess Pension Assets allocated to the Medical Benefits Account with respect to a taxable year shall not exceed the amount that is reasonably estimated to be the amount that NSC and the Participating Subsidiaries will pay (directly or through reimbursement) out of the Medical Benefits Account during the taxable year of the Qualified Transfer for Qualified Current Retiree Health Liabilities.

• The term "Qualified Transfer" shall mean an allocation of Excess Pension Assets to the Medical Benefits Account pursuant to Section 9 of this Article XXIII.

• If an Eligible Retiree retires prior to a Qualified Transfer of Excess Pension Assets but is not eligible to receive Qualified Benefits during the taxable year immediately preceding the taxable year of the Qualified Transfer, Qualified Benefits provided under the Medical Benefits Plan during the Benefits Maintenance Period shall be substantially the same as the Qualified Benefits provided under the Medical Benefits Plan at the time the Eligible Retiree retires.

• A Medical Benefits Account shall be maintained with respect to contributions from NSC or the Participating Subsidiaries and any Excess Pension Assets that are allocated to fund the benefits payable under this Article XXIII.

• Notwithstanding the foregoing, "Excess Pension Assets" (as defined in Section 1(e) of Article XXIII) of the Fund may be allocated to the "Medical Benefits Account" (as defined in Section 1(f) of Article XXIII) under the Plan pursuant to the provisions of Section 10 of Article XXIII and Sec.

More Definitions of Pension Assets

Pension Assets means any and all assets, funds and accounts attributable to or held under any Employee Benefit Plan including pension plan as described in Schedule 11.1 to the extent the same relate to DOFC Employees who become employees of the Purchaser or the Purchaser's Affiliates on and after the Closing Date, including without limitation, assets contributed by the Seller or the DOFC Group Companies to any Employee Benefit Plan prior to the Closing, any such assets reflected in the Accounts or the Closing Accounts and any prepaid administrative or other expenses attributable to any Employee Benefit Plan.

Pension Assets means the assets of the USS Non-Union Plan.

Pension Assets means the amount of assets received in exchange for the pension contributions, including the temporarily non-invested portion of said funds and investment income/ return from these assets/funds.

Pension Assets shall have the meaning set forth in Section 2.6.

Pension Assets has the meaning set forth in Section 8.7(e)(1).

Pension Assets means, contributions collected under this Act, and the return on

Pension Assets means the sum of the assets acquired in exchange for funds of the cumulative pension contributions (including the temporarily uninvested part of these funds) and investment income (costs) received from these assets (funds) (Paragraph 11 (wording of 3 December 2002) of Article 2) from which pension payments are paid (Paragraph 2 (wording of 3 December 2002) of Article 5) and which shall be inherited in accordance with the procedure laid down by the Civil Code of the Republic of Lithuania (Paragraph 3 (wording of 4 July 2003) of Article 5).