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 Federacion Nacional de Jubilados y Pensionados de Telefonos de Venezuela, Asociacion de Jubilados y Pensionados de Telefonos 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 Bono Complementario de Protecxxxx Economica 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
GASB Statement No. 67 includes a specific requirement for the discount rate that is used for the purpose of the measurement of the Total Pension Liability.
There exists no Unfunded Pension Liability with respect to any Plan.
Net Pension Liability The net pension liability reported on the statement of net position represents a liability to employees for pensions.
It is calculated as the Total Pension Liability less the Plan Fiduciary Net Position.
The date as of which the Total Pension Liability and Plan Fiduciary Net Position are measured.
More Definitions of Pension Liability
Pension Liability means any Losses incurred by the Purchasers and/or any of the Movianto Companies arising out of or in connection with any Non-Disclosed Pension Scheme after the Closing Date (including without limitation any Moral Hazard Liabilities or restoration order successfully imposed in respect of any Non-Disclosed Pension Scheme on the Purchasers and/or any of the Movianto Companies by the UK Pensions Regulator in accordance with its powers under sections 38 to 52 of the UK Pensions Act 2004) or any amount of funding required to be accrued and not fully accrued by any of the Movianto Companies until the Closing Date in respect of any defined benefit pension schemes;
Pension Liability means the excess of an Employee Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that plan’s assets determined in accordance with the assumptions used for funding the Employee Plan pursuant to Section 412 of the Code.
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 specified in Section 7.6.2.
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 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 shall have the meaning set forth in Section 9.01(a) of the Disclosure Schedules.