Pension Liability definition
Pension Liability means the amount as calculated by the Seller and agreed with the Purchaser as described in Schedule 18, expressed in US Dollars equal to the aggregate, at Closing, of:
Pension Liability means the excess, if any, of the total liabilities under the Retirement Plan for Unionized Employees over the fair market value of such plan’s assets, calculated using the Required Methodology and Required Assumptions and assuming the funded status of the Retirement Plan for Unionized Employees as at the Closing Time.
Pension Liability means any amount payable or reasonably likely to be payable by, or asserted against, the Company or its Subsidiaries in respect of or pursuant to a ruling, order or decision by the Social Chamber of the Supreme Court of Venezuela or any other court or arbitral body of competent jurisdiction, or any expert report or other action or document issued pursuant to such ruling, order or decision, relating to or arising out of any claim (whether now final, pending or hereafter instituted) against the Company or its Subsidiaries filed by Federación Nacional de Jubilados y Pensionados de Teléfonos de Venezuela, Asociación de Jubilados y Pensionados de Teléfonos de Venezuela or any other similar association, federation, union or organization or employees or retirees in connection with pension payments, adjustments on the basis of salary increases, salaries received, bonuses (including without limitation ▇▇▇▇ Complementario de Protección Económica and Plan de Auxilio Temporal y Solidario), results of collective bargaining, arbitration awards, minimum salary requirements, social security rights or entitlements, constitutional mandates or similar bases.
Examples of Pension Liability in a sentence
There exists no Unfunded Pension Liability with respect to any Plan.
No Plan has any Unfunded Pension Liability as of the most recent annual valuation date applicable thereto, and neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA.
Tax revenues shall include taxes that are transferred to the Commonwealth’s Pension Liability Fund, the Massachusetts Bay Transportation Authority State and Local Contribution Fund, the School Modernization and Reconstruction Trust Fund and the Workforce Training Fund.
There exists no Unfunded Pension Liability with respect to any Plan that would reasonably be expected to result in a Material Adverse Effect.
No Plan has any Unfunded Pension Liability, and neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA, in either instance where the same would be reasonably likely, individually or in the aggregate, to have a Material Adverse Effect.
More Definitions of Pension Liability
Pension Liability with respect to the Company Pension Plan Participants means the Accumulated Benefit Obligation to the Company Pension Plan Participants immediately prior to the Closing on the Closing Date under the Seller Pension Plan, determined in accordance with the assumptions and methodologies set forth on Schedule 7.6.2, plus interest accrued thereon at the Seller Pension Plan’s actuarial rate per annum (which shall be the interest rate specified in Schedule 7.6.2) from Closing to the actual date of transfer and decreased by the amount of any benefit payments to Company Pension Plan Participants from the Seller Pension Plan after the Closing Date but before the date of transfer.
Pension Liability is a liability on the Purchaser to pay to or in respect of an Employee (who immediately prior to the Completion Date was an active member of the Pension Scheme) benefits payable on death in service, voluntary early retirement, ill-health early retirement or death in deferment arising from former participation in the Pension Scheme
Pension Liability means any amounts which on any day are due to the CalMac Pension Fund (including any amounts on termination of this Agreement) whether under Section 75 of the Pensions Act 1995 or otherwise other than the regular future service contribution due in respect of salary or wages paid or payable during or in respect of the Grant Period; Projected Fuel Liability means the Fuel Costs for the relevant Service Year multiplied by seven hundred (700) tonnes; Public Sector Contribution shall be construed in accordance with Clause 6.1; Quarterly means each period of three months during the Grant Period where the first Quarter commences on the Commencement Date and ends on the preceding day in the third following calendar month or, if the third following calendar month has no
Pension Liability has the meaning specified in Section 7.6.2.
Pension Liability has the meaning ascribed to it in SECTION 1.02.
Pension Liability means the excess of a Plan's benefit liabilities under Section 4001(a)(16) of ERISA, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 (b) of the Code over the market value of that Plan s assets for the applicable plan year. United States and U.S. each means the United States of America. Wholly-Owned Subsidiary means any corporation in which (other than directors' qualifying shares required by law) 100% of the capital stock of each class having ordinary voting power, and 100% of the capital stock of every other class, in each case, at the time as of which any determination is being made, is owned, beneficially and of record, by the Company, or by one or more of the other Wholly-Owned Subsidiaries, or both.
Pension Liability has the meaning set forth in Section 6.18.