Pension Obligations definition
Pension Obligations means obligations (including any contingent liability or obligation) under any defined benefit pension plan (including by way of guarantee or joint or several liability) of the Company, any of its Affiliates or Persons consolidated with any of the foregoing.
Pension Obligations means any pension, retirement benefits or similar benefits payable under the Pension Plans on or following retirement, termination of employment, disability or death, for or in respect of any Employee or former employee of the Dedicated Companies, or their relevant spouse or dependants; Permitted Encumbrances means (a) Encumbrances for Taxes not due and payable (taking into account any extensions or other arrangements with respect to payment that are permitted by applicable Governmental Authorities or contemplated under applicable Law) or for Taxes the validity of or amount of which is being contested by a members of the Seller’s Group in good faith by appropriate actions, (b) Encumbrances of warehousemen, mechanics and materialmen and other similar statutory Encumbrances incurred in the ordinary course of business, (c) any Encumbrances that do not, individually or in the aggregate, materially detract from the value of any of the applicable property, rights or assets of the businesses or materially interfere with the use thereof, and (d) zoning, entitlement, conservation, restriction or other land use regulation by any Governmental Authority, and Permitted Encumbrance means any one of them or the relevant one of them, as the context requires; Person means an individual, a company or corporation, a partnership, a limited liability company, a trust, an association, a foundation or other legal entity or unincorporated organisation, including a Governmental Authority; Pre-Completion Payables means all payables accrued or owed by any member of the Seller’s Group (excluding the Target Group Companies) to suppliers in relation to ordinary course trading activities of the Business at or prior to the Effective Time;
Pension Obligations means the obligations of the state or any state agency to the Teachers’ Retirement System of Oklahoma imposed by the retirement laws of this state;
Examples of Pension Obligations in a sentence
The Pension Obligations are fully funded in accordance with applicable Laws.
All financial obligations for the Company due in respect of the Pension Obligations (including past service liabilities) have been fully satisfied within the applicable statutory time periods.
The Company is only subject to statutory pension obligations for or in respect of any current or former employee and/or any other individual who is or was employed or engaged by the Company or who performs or performed services for or on behalf of the Company, or their spouses or dependants (the "Pension Obligations").
More Definitions of Pension Obligations
Pension Obligations means the pension benefit liability of the Corporation and its subsidiaries, if any, determined in accordance with IFRS and recognized on the Corporation’s balance sheet.
Pension Obligations has the meaning given in paragraph 11.1 of Schedule 10 (Warranties);
Pension Obligations has the meaning given to that term in Clause 2.6.3 (Employees);
Pension Obligations means the obligations of the state or any state agency to the retirement systems imposed by the retirement laws in the amounts determined by the governing boards of the retirement systems;
Pension Obligations shall have the meaning set forth in Section 3.16(e).
Pension Obligations means the unfunded portion of the pension obligations of the Target Companies and Target Subsidiaries calculated on a projected benefit obligation basis; provided, that for the purposes of determining the amount of such liabilities as of any date, the methods and assumptions used in calculating such amount shall be the same methods and assumptions employed by Parent in preparing Parent’s audited financial statements (including the footnotes thereto) as of December 31, 2007.
Pension Obligations has the meaning given in Schedule 4;