Pension Plan Obligation definition

Pension Plan Obligation. An obligation to contribute to a Pension Plan, as required by a collective bargaining agreement.
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Examples of Pension Plan Obligation in a sentence

  • Accrued Pension Plan Obligation The Company provides a defined benefit pension plan and supplementary plan, which is an unfunded defined benefit pension arrangement, for certain of its executives.

  • Jack thinks that its application to calculate the City’s Pension Plan Obligation may be “a fraud.” Mr. Trutanich expressed an understanding of the concept but said that the City can not sue its own agencies.

  • Defined Benefit Pension Plan Obligation Assumptions Table L 20072006Discount rate5.75%5.25%Expected rate of return on plan assets7.00%7.00%Rate of increase in future compensation3.50%3.25%Changes in AccountingForeign Currency TranslationThe Company has determined that its foreign operations became self-sustaining upon the acquisition of 13 sawmills in the United States.

  • Plaintiff’s Complaint fails to provide Defendant with fair notice of the claims against it, thus violating the requirements of Rule 8.

Related to Pension Plan Obligation

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • 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.

  • 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.

  • Pension program means the defined benefit pension program of the Oregon Public Service

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

  • L/C Obligation means, as at any date of determination, the aggregate maximum amount then available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts in respect of Letters of Credit, including all L/C Borrowings.

  • Canadian Pension Plan means a pension plan or plan that is subject to applicable pension benefits legislation in any jurisdiction of Canada and that is organized and administered to provide pensions, pension benefits or retirement benefits for employees and former employees of any Loan Party or any Subsidiary thereof.