Qualified Pension Plan definition

Qualified Pension Plan means a pension plan comprising a definite written program communicated to and for the exclusive benefit of employees that meets the criteria deemed essential by the Internal Revenue Service as set forth in the Internal Revenue Code for preferential tax treatment regarding contributions, investments, and distributions. Any other plan is a nonqualified pension plan.

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Qualified Pension Plan means each pension plan adopted by CBI Holdings Inc., as such plan may be in effect from time to time, in which Executive is eligible to participate and which is intended to be qualified under Section 401(a) of the Code.

Qualified Pension Plan means the tax-qualified Sonoco Pension Plan, as amended from time to time.

Examples of Qualified Pension Plan in a sentence

The vested portion of such accrued benefit, if any, shall be paid in accordance with the provisions of the Qualified Pension Plan.
CBI shall pay Executive, in a lump sum within sixty (60) days of the Date of Termination, an amount equal to the difference, if any, between the present value of Executive’s accrued benefit, whether or not vested, as of the Date of Termination under the Qualified Pension Plan, and the present value of the vested portion of such accrued benefit, with such difference to be calculated, to the extent relevant, using the actuarial assumptions and interest rates specified in the Qualified Pension Plan.
The discount factor for such present value shall be the discount factor used by the Qualified Pension Plan at the time of such termination of employment.
The supplemental pension and CRISP benefits shall not be paid from the assets of the Qualified Pension Plan or CRISP.
The monthly payment of the retirement benefit described in clause (ii) of the preceding sentence shall be calculated as if the Participant had survived until the commencement of a retirement benefit of the same type under the Qualified Pension Plan.

More Definitions of Qualified Pension Plan

Qualified Pension Plan means a pension plan created in trust under Section 401 of the Internal Revenue Code, 26 USC 401.

Qualified Pension Plan means the Delta Family-Care Retirement Plan (or any successor qualified defined benefit retirement plan adopted by the Company).

Qualified Pension Plan means the Sprint Retirement Pension Plan.

Qualified Pension Plan means the Lennox International Inc. Consolidated Pension Plan (or any successor plan) as in effect on January 1, 2008, and as from time to time in effect thereafter, except that the supplements to the Qualified Pension Plan shall be disregarded for purposes of determining actuarial equivalence, forms of benefits and benefit commencement dates under this Plan.

Qualified Pension Plan means the Pacific Telesis Group Pension Plan for Salaried Employees.

Qualified Pension Plan means the Embarq Retirement Pension Plan.

Qualified Pension Plan means the Sky Financial Group, Inc. Employee Stock Ownership Pension Plan, as amended from time to time, and any successor or replacement plan.