Pension Matters definition

Pension Matters means, collectively, (a) Tenneco's 1986 pension plan asset valuation and its cost accounting treatment, as described in the DCAA Audit Report dated November 28, 1995, and (b) any claim which the DCAA or any other agency of the DOD may assert that (or based on any allegation that) the aggregate amount of assets of the TRP attributable to the Active Employees and Former Employees of the Shipbuilding Group exceeds the aggregate amount of the liabilities under the TRP attributable to Active and Former Employees of the Shipbuilding Group. "TENNECO SALARIED WELFARE PLANS" means, collectively, the Tenneco Inc. Health Care Plan, the Tenneco Inc. Group Life Insurance Plan, the Tenneco Inc. Long Term Disability Plan, the Tenneco Inc. Travel Accident Insurance Plan, the Tenneco Inc. Health Care Flexible Spending Account Program and the Tenneco Inc. Dependent Day Care Flexible Spending Account Plan. SECTION 2.
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Pension Matters means any matter arising out of or connected with the provision of “relevant benefits” as defined in section 612 of the TA;
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Pension Matters means, collectively, (a) Tenneco's 1986 pension plan asset valuation and its cost accounting treatment, as described in the DCAA Audit Report dated November 28, 1995, and (b) any claim which the DCAA may assert that (or based on any allegation that) the aggregate amount of assets of the TRP attributable to the Active Employees and Former Employees of the Shipbuilding Group exceeds the aggregate amount of the liabilities under the TRP attributable to Active and Former Employees of the Shipbuilding Group. "TENNECO SALARIED WELFARE PLANS" means, collectively, the Tenneco Inc. Health Care Plan, the Tenneco Inc. Group Life Insurance Plan, the Tenneco Inc. Long Term Disability Plan, the Tenneco Inc. Travel Accident Insurance Plan, the Tenneco Inc. Health Care Flexible Spending Account Program and the Tenneco Inc. Dependent Day Care Flexible Spending Account Plan. SECTION 2.
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Examples of Pension Matters in a sentence

  • An employee shall receive compensation for the loss of the prospect of pre-pension provisions by conditionally being awarded an extra entitlement to pension within the meaning of the 2004 Social Accord Implementation Decree on Pension Matters (‘soft pension’).

  • It is not the duty or responsibility of the Committee or any of its members to plan or conduct any type of audit or accounting review or procedure.With respect to Pension Matters, management is responsible for the day-to-day administrative and sponsorship responsibilities with respect to pension matters.

  • Shipbuilding Company shall not take any action or permit or suffer any act or omission within its control that is, or is likely to be, in any way detrimental to the defense against the Government's claims under the Pension Matters.

  • Shipbuilding Company shall cooperate fully with Industrial Company and its attorneys, actuaries and other advisors and representatives in defending against the Government's claims in the Pension Matters.

  • Whenever the Shipbuilding Company or Industrial Company makes a payment to the Government for a claim related to Pension Matters or incurs a cost in defending against the Government's claims in Pension Matters, it may xxxx the other party for that party's share of said claim or cost.

  • Without limiting the generality of the preceding sentence, Shipbuilding Company will not, without the express written consent of Industrial Company, which consent may be withheld in Industrial Company's sole discretion, link either of the Pension Matters to any other matter which it now has or may in the future have pending with the Government in terms of settlement or otherwise.

  • If Industrial Company determines to submit an affirmative claim against the Government in connection with the Pension Matters, Industrial Company and Shipbuilding Company shall share the cost of pursuing such claim and any recovery on such claim on a percentage basis of 80% for Industrial Company and 20% for Shipbuilding Company.

  • A payment to the Government for a claim related to Pension Matters shall include (i) amounts paid directly to Government to satisfy the claim; (ii) progress payments withheld to satisfy the Government claim; and (iii) pension costs disallowed under Shipbuilding Company's new salaried pension plan to satisfy the Government claim.

  • Industrial Company shall have total and exclusive control of and over all aspects of the defense by Industrial Company and Shipbuilding Company against the Government's claims in the Pension Matters.

  • Costs incurred in defending against the Government's claims in the Pension Matters shall include outside attorneys' fees, accounting fees and actuary fees and all other out-of-pocket costs incurred in defending against the Government's claims.


More Definitions of Pension Matters

Pension Matters is amended and restated in its entirety by Schedule 3.17 attached hereto.
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Pension Matters is amended and restated in its entirety by Schedule 3.17 attached hereto. (qqqq) Schedule 6.01(b) “Existing Indebtedness” is amended and restated in its entirety by Schedule 6.01(b) attached hereto. (rrrr) Schedule 6.02(c) “Existing Liens” is amended and restated in its entirety by Schedule 6.02(c) attached hereto. (ssss) Schedule 6.04(b) “Existing Investments” is amended and restated in its entirety by Schedule 6.04(b) attached hereto. Section 5.
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Related to Pension Matters

  • Pension Plans The meaning specified in Section 4.1(v).

  • Pension Plan means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan years.

  • Environmental Matters means any matter arising out of or relating to health and safety, or pollution or protection of the environment or workplace, including any of the foregoing relating to the presence, use, production, generation, handling, transport, treatment, storage, disposal, distribution, discharge, release, control or cleanup of any Hazardous Substance.

  • Unfunded Pension Liabilities means the excess of a 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 by the Plan’s actuaries for funding the Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Indemnity Matters means any and all actions, suits, proceedings (including any investigations, litigation or inquiries), claims, demands and causes of action made or threatened against a Person and, in connection therewith, all losses, liabilities, damages (including, without limitation, consequential damages) or reasonable costs and expenses of any kind or nature whatsoever incurred by such Person whether caused by the sole or concurrent negligence of such Person seeking indemnification.

  • Environmental Matter means any past, present or future activity, event or circumstance in respect of the environment, health or safety including the Release of any Hazardous Substance including any substance which is hazardous to Persons, animals, plants, or which has a detrimental effect on the soil, air or water, or the generation, treatment, storage, use, manufacture, holding, collection, processing, treatment, presence, transportation or disposal of any Hazardous Substances.

  • pension means a pension or annual allowance paid under the Public Service Superannuation Act (PSSA), R.S., 1985, c. P-36, and any increases paid pursuant to the Supplementary Retirement Benefits Act, R.S., 1985, c. S-24 as it affects the PSSA. It does not include pensions payable pursuant to the Canadian Forces Superannuation Act, R.S., 1985, c. C-17, the Defence Services Pension Continuation Act, 1970, c. D-3, the Royal Canadian Mounted Police Pension Continuation Act , 1970, c. R-10, and the Royal Canadian Mounted Police Superannuation Act, R.S., 1985, c. R-11, the Members of Parliament Retiring Allowances Act, R.S. 1985, c. M-5, and that portion of pension payable to the Canada Pension Plan Act, R.S., 1985, c. C-8.

  • ERISA Plans shall have the meaning set forth in Section 3.13(a).

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Employee Liabilities means all claims, actions, proceedings, orders, demands, complaints, investigations (save for any claims for personal injury which are covered by insurance) and any award, compensation, damages, tribunal awards, fine, loss, order, penalty, disbursement, payment made by way of settlement and costs, expenses and legal costs reasonably incurred in connection with a claim or investigation including in relation to the following: redundancy payments including contractual or enhanced redundancy costs, termination costs and notice payments; unfair, wrongful or constructive dismissal compensation; compensation for discrimination on grounds of sex, race, disability, age, religion or belief, gender reassignment, marriage or civil partnership, pregnancy and maternity or sexual orientation or claims for equal pay; compensation for less favourable treatment of part-time workers or fixed term employees; outstanding debts and unlawful deduction of wages including any PAYE and National Insurance Contributions in relation to payments made by the Customer or the Replacement Supplier to a Transferring Supplier Employee which would have been payable by the Supplier or the Sub-Contractor if such payment should have been made prior to the Service Transfer Date; claims whether in tort, contract or statute or otherwise; any investigation by the Equality and Human Rights Commission or other enforcement, regulatory or supervisory body and of implementing any requirements which may arise from such investigation;

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

  • Tax Matters means all tax matters including criminal tax matters,

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • Health and Welfare Plans means any plan, fund or program which was established or is maintained for the purpose of providing for its participants or their beneficiaries, through the purchase of insurance or otherwise, medical (including PPO, EPO and HDHP coverages), dental, prescription, vision, short-term disability, long-term disability, life and AD&D, employee assistance, group legal services, wellness, cafeteria (including premium payment, health flexible spending account and dependent care flexible spending account components), travel reimbursement, transportation, or other benefits in the event of sickness, accident, disability, death or unemployment, or vacation benefits, apprenticeship or other training programs or day care centers, scholarship funds, or prepaid legal services, including any such plan, fund or program as defined in Section 3(1) of ERISA.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Title IV-E Foster Care means a federal program authorized under §§ 472 and 473 of the Social

  • Benefit Arrangements has the meaning set forth in Section 4.20(b).

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Seller Employee Plan means any plan, program, policy, practice, Contract or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written, unwritten or otherwise, funded or unfunded, including each "employee benefit plan," within the meaning of Section 3(3) of ERISA (whether or not ERISA is applicable to such plan), that is or has been maintained, contributed to, or required to be contributed to, by the Seller or any Seller Affiliate for the benefit of any Seller Employee, or with respect to which the Seller or any Seller Affiliate has or may have any liability or obligation, except such definition shall not include any Seller Employee Agreement.