Plan Actuary definition

Plan Actuary means the actuary engaged by the Board pursuant to Section 10.1 of the Agreement.

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Plan Actuary means the plan actuary for each Non-US DB Plan, Non-US DC Plan or Non-US H&W Plan prior to the Distribution Date or the third-party individual who determined the liability under such plan prior to, on or after the Distribution Date.

Plan Actuary means, in respect of any Stand-Alone EB Arrangement or Retained Novartis EB Arrangement, the actuary or firm of actuaries appointed to provide actuarial advice in respect of such Stand-Alone EB Arrangement or Retained Novartis EB Arrangement;

Examples of Plan Actuary in a sentence

• Effective the first of the month following the Board meeting where the Plan Actuary estimates the Plan is at or below a 120% funded ratio, the contributions to the Plan will be adjusted to a level so as to maintain the 120% funded ratio position (using the same methodology as used to determine the 172% as of September 30, 2017 valuation).

• The Plan Actuary will update the Board of Trustees on the estimated financial position of the Plan as a standing agenda item every Board meeting.

• Precise determination of any adjustments to member contribution rates will be made by the Plan Actuary with due consideration being given to the importance of recognizing earnings below and above the Year’s Maximum Pensionable Earnings (YMPE).

• The Plan Actuary shall prepare valuation reports in satisfaction of Florida Statues using established actuarial assumptions and actuarial cost methods.

• The Board’s actuary shall be designated as the Plan Actuary and the City’s actuary shall be designated as the City Actuary.

More Definitions of Plan Actuary

Plan Actuary means the plan actuary for each Non-US DB Plan, Non-US DC Plan or Non-US H&W Plan prior to the Distribution Date or the third-party individual who determined the liability under such plan prior to, on or after the Distribution Date. “Preexisting ITT Employees” means persons actively employed by the ITT Group immediately prior to the Distribution; and persons who are absent from work to the ITT Group immediately prior to the Distribution by reason of layoff, leave of absence or disability. “Records” has the meaning set forth in Article 13 of this Agreement. “RSUs” has the meaning set forth in Article VII of this Agreement. “Schedule” or “Schedules” means the Schedules Relating to Benefits and Compensation Matters Agreement, dated as of October 25, 2011, among ITT Corporation, Exelis Inc. and Xylem Inc., as they may be amended from time to time. “Subsidiary” has the meaning set forth in the Distribution Agreement. “Tax Matters Agreement” has the meaning set forth in the Distribution Agreement. “Tax” has the meaning set forth in the Tax Matters Agreement. Table of Contents

Plan Actuary means Actuary as defined in the rules of the Plan

Plan Actuary means a Fellow of the Canadian Institute of Actuaries or firm employing at least one Fellow of the Canadian Institute of Actuaries appointed by the Company to render actuarial services to it for purposes of the Plan.

Plan Actuary means an actuary appointed in accordance with Article 2.3 of these Rules;

Plan Actuary means the plan actuary for each Non-US DB Plan, Non-US DC Plan or Non-US H&W Plan prior to the Distribution Date or the third- party individual who determined the liability under such plan prior to, on or after the Distribution Date.

Plan Actuary means Towers Watson & Co.

Plan Actuary means the actuary designated from time to time as the Plan Actuary for purposes of the Plan by the Company's Chief Financial Officer.