Projected Benefit Obligation definition

Projected Benefit Obligation has the meaning set forth in Section 8.01.

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Projected Benefit Obligation means the actuarial present value of all benefits attributed by the Foreign Plan’s benefit formula to employee service rendered prior to the valuation date, including an assumption for future compensation levels.

Projected Benefit Obligation. PBO”: The net present value of projected future pension payments under the Relevant Pension Scheme which are gained the year in which the calculation is made. The calculation methods applied in the latest available adopted annual accounts according to Norwegian accounting rules shall be applied.

Examples of Projected Benefit Obligation in a sentence

The assets of the Pension Scheme will not be less than the greater of the Projected Benefit Obligation under US GAAP or the UK Minimum Funding Standard as of the Closing Date.
In the event the amount of assets to be transferred following the ERISA section 4044 analysis is less than the Projected Benefit Obligation (“PBO”) for the Spinco participants under consideration, Verizon will provide a supplemental amount of assets so that the funding in the Spinco Pension Plan under consideration is equal to the PBO funded-level.
For purposes of the Closing Balance Sheet, the Projected Benefit Obligation (the "PBO") calculated in accordance with United States Statement of Financial Accounting Standards No. 87 ("FAS 87") with respect to the plans listed in this Section 4.1 shall be determined using the same actuarial assumptions used for determining such obligation for the Initial Balance Sheet.
Section 3.12(b)(i) of the Disclosure Schedule lists by name all Company Products that have been made commercially available, in the last four (4) years.
The agreed-upon methods for determining the assumptions to be used in such calculation, determined pursuant to Sections 6.14(b) and (c) above, shall not be modified in calculating the estimated Spin-Off Assets, Projected Benefit Obligation, or Termination Liability, as of the Final Calculation Date, unless mutually agreed to by all parties.
Other Plans in Germany and Sweden will be included in the calculation of Pension Obligations on the basis of the applicable methodology in accordance with commonly accepted practice under US GAAP as at the Net Assets Date and will be calculated as the Projected Benefit Obligation if SFAS 87 applies or if SFAS87 does not apply the accrued liability as defined in the applicable Statement of Financial Accounting Standard under US GAAP.
In the event the amount of assets to be transferred following the ERISA section 4044 analysis is less than the Projected Benefit Obligation ("PBO") for the Spinco participants under consideration, Verizon will provide a supplemental amount of assets so that the funding in the Spinco Pension Plan under consideration is equal to the PBO funded-level.
APD shall determine the Projected Benefit Obligation for any retirement or severance allowance or indemnity (to the extent related to service for periods prior to the Closing and payable upon a voluntary termination or separation), whether arising under applicable Law or under a Business Plan, for all Current Business Employees located in Japan, Italy and Korea using Current Actuarial Assumptions and Methods used for such purposes by APD and the Accounting Principles.
APD shall determine the Projected Benefit Obligation in respect of the defined benefit pension benefits of the Acquired Employees located in Germany on the Closing Date.
Projected Benefit Obligation shall reflect the lump-sum benefit option available under the Plan.

More Definitions of Projected Benefit Obligation

Projected Benefit Obligation or “PBO” is the projected benefit obligation as that term is defined in SFAS 87, as of the Establishment Date.

Projected Benefit Obligation has the meaning given such term by Japan GAAP.

Projected Benefit Obligation and "Accumulated Benefit Obligation" shall be given the meanings assigned to them in FAS 87 and the "Projected Benefit Obligation" and the "Accumulated Benefit Obligation" shall be calculated in accordance with FAS 87 and on the basis of the actuarial assumptions and methods set forth in Schedule 2.7.

Projected Benefit Obligation shall have the meaning set forth in Section 5.18(d)(v).

Projected Benefit Obligation means projected benefit obligation within the meaning of the Statement of Financial Accounting Standards No. 87 with respect to each Pension Plan, and will be determined using the actuarial methods and assumptions as used for the most recent fiscal year-end financial statement disclosure calculation, with the exception of discount rate. The discount rate assumption shall reflect the economic environment at the actual date of liability determination, following a similar methodology as was used to determine discount rate at the most recent fiscal year-end.