Plan Termination definition

Plan Termination. A termination of a Pension Plan, whether partial or complete, within the meaning of Title IV of ERISA.
Plan Termination means the termination of the Plan by Southern Company or an Employing Company following a Southern Change in Control unless an equitable arrangement (embodied in an ongoing substitute or replacement plan) has been made with respect to the Plan in connection with the Southern Change in Control. For purposes of this Plan, an ongoing substitute or alternative plan shall be considered an "equitable arrangement" if a nationally recognized compensation consulting firm chosen by the Committee opines in writing that, on aggregate, the post-Southern Change in Control plan is an equitable substitute or replacement of the pre-Southern Change in Control Plan, and that such substitute or alternative plan provides substantially similar target opportunities and a substantially similar level of performance difficulty.

Examples of Plan Termination in a sentence

  • The Plan shall terminate on the Plan Termination Date and no Award shall be granted after that date.

  • No Plan Termination Event has or is reasonably expected to occur.

  • The applicable terms of the Plan and any terms and conditions applicable to Awards granted prior to the Plan Termination Date shall survive the termination of the Plan and continue to apply to such Awards.

  • No Plan Termination Event has occurred or is reasonably expected to occur with respect to any Plan.

  • The Plan shall be implemented by a series of Offerings that shall terminate on the Plan Termination Date.


More Definitions of Plan Termination

Plan Termination is defined in the recitals.
Plan Termination means the termination of an Employee Benefit Plan by Southern Company or an Employing Company following a Southern Change in Control unless an equitable arrangement (embodied in an ongoing substitute or replacement plan) has been made with respect to the Employee Benefit Plan in connection with the Change in Control. For purposes of this Policy, an ongoing substitute or alternative plan shall be considered an "equitable arrangement" if a nationally recognized compensation consulting firm chosen by the Administrative Committee opines in writing that the post-Change in Control plan is an equitable substitute or replacement of the Employee Benefit Plan.
Plan Termination means the termination of the Omnibus Plan (or any Program thereunder) by Southern Company or an Employing Company following a Southern Change in Control unless an equitable arrangement (embodied in an ongoing substitute or replacement plan or program) has been made with respect to the Omnibus Plan or Program in connection with the Change in Control. For purposes of this Plan, an ongoing substitute or alternative plan or program shall be considered an "equitable arrangement" if a nationally recognized compensation consulting firm chosen by the Operating Committee opines in writing that the post-Change in Control plan or program is an equitable substitute or replacement of the Omnibus Plan or Program that was terminated.
Plan Termination means the last day of the tenth Plan Year.
Plan Termination means the termination of the PPP with respect to the applicable Employee by Southern Company or a Participating Subsidiary following a Southern Change in Control unless an equitable arrangement (embodied in an ongoing substitute or replacement plan, award or program) has been made with respect to the PPP in connection with the Southern Change in Control. For purposes of this Plan, an ongoing substitute or alternative plan, award or program shall be considered an “equitable arrangement” if a nationally recognized compensation consulting firm chosen by the Administrator opines in writing that the post-Southern Change in Control plan, award or program is an equitable substitute or replacement of the PPP.
Plan Termination means the termination, suspension, merger or dissolution of any "plan".
Plan Termination. The employer has terminated the Solo 401(k) Plan in accordance with the Plan’s governing