Retained Pension Plans definition

Retained Pension Plans means the Retained Belgian Pension Schemes, the Retained UK Pension Plans and the Stichting Pensioenfonds Huntsman Rozenburg plan.
Sample 1Sample 2Sample 3
Retained Pension Plans has the meaning set forth in Section 6.2(a)(6).
Sample 1
Retained Pension Plans means the A.T. Cross Company Pension Plan and the A.T. Cross Company Limited (Irish Pension) Plan (a.k.a the A.T. Cross Senior Executives Pension and Death Benefit Plan) to the extent of any remaining Liabilities.
Sample 1

Examples of Retained Pension Plans in a sentence

  • On, or as soon as practicable after, the Operational Separation Date and after receipt by Parent of a copy of certified resolutions of the UpstreamCo Board (or its authorized committee or other delegate) evidencing adoption of the UpstreamCo Pension Trust and the assumption by UpstreamCo (to the extent necessary) of the UpstreamCo Retained Pension Plans, Parent shall direct the trustee of the Parent Pension Trust to transfer assets of the UpstreamCo Retained Pension Plans to the UpstreamCo Pension Trust.

  • Prior to the Closing Date, Seller will adopt such resolutions and take such other actions as is necessary to effect assumption of the Retained Pension Plans.

  • Prior to the Closing, Seller will make or will cause the Acquired Entities to make any amendments to the Retained Pension Plans necessary to effect such substitution and will provide notice of such change to participants, beneficiaries and persons providing services to the Retained Pension Plans.

  • After the Closing, none of Buyer, its Affiliates or any Acquired Entity will have any liability or obligation with respect to any of the Retained Pension Plans.

Related to Retained Pension Plans

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Unfunded Pension Liabilities means the excess of a Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Plan’s assets, determined in accordance with the assumptions used by the Plan’s actuaries for funding the Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Credit Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Guaranteed Pension Plan means any employee pension benefit plan within the meaning of §3(2) of ERISA maintained or contributed to by any Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Canadian Pension Plan means a pension plan or plan that is subject to applicable pension benefits legislation in any jurisdiction of Canada and that is organized and administered to provide pensions, pension benefits or retirement benefits for employees and former employees of any Loan Party or any Subsidiary thereof.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Parent Benefit Plan means an Employee Benefit Plan sponsored, maintained, or contributed to (or required to be contributed to) by Parent or any of its Subsidiaries, or under or with respect to which Parent or any of its Subsidiaries has any current or contingent liability or obligation.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Pension Plans The meaning specified in Section 4.1(v).

  • Canadian Benefit Plan means any plan, fund, program, or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing material employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Borrower has any liability with respect to any employee or former employee, but excluding any Canadian Pension Plans.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any member of the Controlled Group may have any liability.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Seller Benefit Plans has the meaning set forth in Section 4.8(a).

  • Foreign Pension Plan means any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States of America by the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower or such Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Employee Plans means all Benefit Arrangements, Multiemployer Plans, Pension Plans and Welfare Plans.

  • Business Benefit Plan means each Benefit Plan that is contributed to, sponsored, maintained or entered into by Seller or a Retained Subsidiary, a Purchased Subsidiary or any Affiliate of any of them for the benefit of any Business Employee.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Unfunded Benefit Liabilities means with respect to any Plan at any time, the amount (if any) by which (i) the present value of all benefit liabilities under such Plan as defined in Section 4001(a)(16) of ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan (on the basis of assumptions prescribed by the PBGC for the purpose of Section 4044 of ERISA).

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).