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 Xxxx 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

• 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 Reconstructions Trust Fund and the Workforce Training Fund.

• Result Points Possible Points Earned 50 30 0 0 Measure 2d Debt Service Coverage Ratio Notes Debt Service Coverage Ratio: (Net Income + Depreciation + Interest Expense)/(Annual Principal, Interest, and Lease Payments) Meets Standard: Debt Service Coverage Ratio is equal to or exceeds 1.1 Does Not Meet: Debt Service Coverage Ratio is less than 1.1 Due to the Reinstatement of Pension Liability, as required by GASB 68, Net Position may be higher than expected.

• Total Liabilities divided by Total Assets Meets Standard: Debt to Asset Ratio is less than 0.9. Does Not Meet: Debt to Asset Ratio is between 0.9. and 1.0 Falls Far Below Standard: Debt to Asset Ratio is greater than 1.0 Due to the Reinstatement of Pension Liability, as required by GASB 68, Net Position may be higher than expected.

• This RSI will be subjected to certain limited procedures but will not be audited:  Management’s Discussion and Analysis  Schedule of Contributions, Pension  Schedule of the District’s Proportionate Share of the Net Pension Liability Supplementary information other than RSI will accompany the District’s basic financial statements.

• Article 1: Pension Liability of the Republic of Sudan The Government of the Republic of Sudan shall assume liability for the Post- Service Benefits, including pensions and gratuities and any other payments, of eligible and vested current and former Public Servants of the Predecessor State at the national- and State-levels [who become citizens of the Republic of South Sudan].

More Definitions of Pension Liability

Pension Liability shall have the meaning set forth in Section 9.01(a) of the Disclosure Schedules.

Pension Liability has the meaning set forth in Section 6.18.

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 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 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. 1.02

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.