Rabbi Trusts definition
Examples of Rabbi Trusts in a sentence
If the Rabbi Trust is established, all fees and expenses of the trustee of the Rabbi Trust, and any and all taxes incurred on the income of the Rabbi Trust's assets, shall be paid by the Company and shall not be charged against or paid by the Rabbi Trust.
Except as otherwise described in Section 16.01, nothing in this Agreement shall require any member of the Ashland Global Group to transfer assets or reserves with respect to the Ashland Global Excess Benefit and Supplemental Pension Plans to any member of the Valvoline Group; provided that the Parties hereby acknowledge that prior to the date hereof a member of the Valvoline Group assumed and became the sponsor of the Hercules Rabbi Trusts.
Effective as of the Closing Date, the Company or the TRW Automotive Subsidiaries hereby retains and agrees to fully perform, pay and discharge and agrees to cause the TRW Automotive U.S. Non-Qualified Plans and the TRW Automotive Rabbi Trusts to retain and to fully perform, pay and discharge, all accrued benefit and other Liabilities under or with respect to the TRW Automotive U.S. Non-Qualified Plans and the TRW Automotive Rabbi Trusts.
Effective as of the Distribution Date, REI shall continue to sponsor and shall assume all assets and Liabilities relating to the NorAm Rabbi Trusts.
Effective as of May 1, 2001, Technologies shall establish or cause to be established the Technologies Rabbi Trusts as grantor trusts subject to Sections 671 et seq.
As of the Separation Time, Existing U S West shall cause the trustee or trustees of the Existing U S WEST Rabbi Trusts to transfer to the trustee or trustees of the MediaOne Rabbi Trusts any amounts held in the Existing U S WEST Rabbi Trusts attributable to the benefits of Terminated Media Employees.
Effective as of May 1, 2001, Technologies shall make a de minimus contribution to the Technologies Rabbi Trusts established to fund the Technologies Salaried Employees' Equivalent Retirement Plan and the Technologies Executive Severance Plan to the extent necessary to maintain such Technologies Rabbi Trusts as springing rabbi trusts.
Establishment and Sponsorship of Non-Qualified Pension Plans and Rabbi Trusts.
Non-Qualified Deferred Compensation Plan (collectively, the "TRW Automotive U.S. Non-Qualified Plans") and rabbi trusts relating thereto (collectively, the "TRW Automotive Rabbi Trusts").
For the avoidance of doubt, the term “Collateral” shall never include contributions to any Security-Free Rabbi Trusts pursuant to the related Approved Security-Free SERPs where such contributions occurred at a time when there was no Suspension Event or Event of Default that had occurred and was continuing as of such date.