Pension Protection Fund definition

Pension Protection Fund means the UK statutory body corporate established under section 107 of the Pensions Act 2004 and called the Board of the Pension Protection Fund;

Pension Protection Fund means the Board of the Pension Protection Fund as established under Part 2 of the Pensions Act 2004;

Pension Protection Fund means the statutory fund established under the UK Pensions Xxx 0000, as amended.

Examples of Pension Protection Fund in a sentence

• This statement has been produced in accordance with The Pension Protection Fund (Pensionable Service) and Occupational Pension Schemes (Investment and Disclosure) (Amendment and Modification) Regulations 2018 and the subsequent amendment in The Occupational Pension Schemes (Investment and Disclosure) (Amendment) Regulations 2019, which transposes the EU Shareholder Rights Directive (SRD II) into UK law.

• Without limiting the foregoing, no provision of the Plan or the Confirmation Order shall limit, alter or impact in any way the ability and standing of the U.K. Pension Plan to seek compensation from, or entry to, the Pension Protection Fund (“PPF”) under the applicable law or regulation of England and Wales.

• Notwithstanding anything herein or in any agreements pursuant to which Options are granted to the contrary, the Company shall not be required to issue shares pursuant to the exercise of any Option granted under the Plan unless the Company’s counsel has advised the Company that such exercise and issuance comply with all applicable laws including, without limitation, all applicable federal and state securities laws.

• This includes the Sponsor periodically providing the Trustees with updates on the strength of its covenant along with the Trustees also monitoring the Sponsor’s failure Score (as defined for the purposes of calculating the risk-based element of the Pension Protection Fund levy).

• Welsh Government granted in 2006/07 a Crown Guarantee which exempts the Scheme from the Pension Protection Fund and the associated levy.

More Definitions of Pension Protection Fund

Pension Protection Fund or “PPF” means a statutory public corporation which protects people with a Defined Benefit Pension when an employer becomes insolvent. If the employer does not have sufficient funds to pay the pension they promised, the PPF will provide compensation instead. However, some reduction may apply.

Pension Protection Fund means the statutory fund established under the UK Pensions Act 2004, as amended.

Pension Protection Fund or “PPF” means a statutory public corporation which protects people who belong to a DBPS, if the employer responsible for funding the scheme they have paid into becomes insolvent;

Pension Protection Fund means the UK Pension Protection Fund.

Pension Protection Fund means the statutory fund established under the UK Pensions Act 2004, as amended. “Permitted Liens” means (i) real estate taxes, assessments, and other governmental levies, fees or charges imposed

Pension Protection Fund means the statutory fund established under the UK Pensions Act 2004, as amended. “Permitted Liens” means (i) real estate taxes, assessments, and other governmental levies, fees or charges imposedwith respect to any Owned Real Property that (A) are not due and payable or (B) are being contested in good faith by appropriate proceedings and for which adequate reserves have been made with respect thereto; (ii) mechanics liens and similar liens for labor, materials or supplies provided with respect to any Owned Real Property or personal property incurred in the ordinary course of business, consistent with past practice and as otherwise not prohibited under this Agreement, for amounts that (A) do not materially detract from the value of, or materially impair the use of, any of the Owned Real Property or personal property of the Company or any of its Subsidiaries or (B) are being contested in good faith by appropriate proceedings;(iii) zoning, building codes and other land use Laws regulating the use or occupancy of any Owned Real Property or the activities conducted thereon that are imposed by any Governmental Entity having jurisdiction over such real property; provided, that no such zoning, building codes and other land use Laws prohibit the use or occupancy of such Owned Real Property; (iv) easements, covenants, conditions, restrictions and other similar matters affecting title to any Owned Real Property and other title defects that do not or would not materially impair the use or occupancy of such real property or the operation of the Company’s or any of its Subsidiaries’ business; and (v) Liens that, pursuant to the Confirmation Order, will not survive beyond the Effective Date.

Pension Protection Fund means the Board of the Pension Protection Fund of the United Kingdom, authorized pursuant to the Pensions Act, 2004, §§ 1 et. seq., c. 35 (Eng.).