Rabbi Trust has the meaning given to such term in Section 3.4(d) hereof.
Rabbi Trust means a “rabbi trust” or other similar arrangement established by the Borrower or any of its Subsidiaries to hold assets in connection with an employee benefit plan or arrangement.
Rabbi Trust means an irrevocable trust whose assets are not accessible to the accounting firm until all benefit obligations have been met, but are sub- ject to the claims of creditors in bank- ruptcy or insolvency.
Examples of Rabbi Trust in a sentence
Payment of the Unpaid Amount shall include any investment earnings on the assets of the Rabbi Trust attributable to the Unpaid Amount.
Pending payment, the Unpaid Amount shall be deposited in a Rabbi Trust.
Nothing in this Section shall preclude the Company from establishing a “Rabbi Trust,” but the assets in the Rabbi Trust must be available to pay the claims of the Company’s general creditors in the event of the Company’s insolvency.
Such Rabbi Trust shall be established and maintained by the Company, at its own expense, pending the distribution of such amount to Employee under this Agreement.
At the inception of Plan II, the Company established a Rabbi Trust to fund Plan II obligations.
More Definitions of Rabbi Trust
Rabbi Trust means a trust agreement, if established, entered into by and between the Corporation and any trustee, to provide certain benefits under this Plan.
Rabbi Trust means a grantor trust, as that term is defined in Section 671 of the Internal Revenue Code, established pursuant to a trust agreement entered into between the Bank and NationsBank.
Rabbi Trust means any grantor trust established by an Obligor in accordance with Internal Revenue Service Revenue Procedure 96-24 to accept both employer and employee contributions made under the terms of one or more SERPs. As of the Closing Date, the Loan Parties have no Rabbi Trusts.
Rabbi Trust means the trust adopted by Constellation Energy Group pursuant to the Grantor Trust Agreement Dated as of January 1, 2001, between Constellation Energy Group and Citibank, N.A.
Rabbi Trust means the trust created to hold assets which will be used to pay the benefits provided hereunder, as provided in Section 7.4.
Rabbi Trust means a trust established by the Borrower or any Subsidiary to hold assets in connection with an employee benefit plan or arrangement, including, without limitation, the trusts established in connection with the Chemed Excess Benefit Plan, the Roto-Rooter Deferred Compensation Plan and the Chemed Corporation Long-Term Care Insurance Plan.