Retirement and Savings Plans definition

Retirement and Savings Plans mean all qualified and nonqualified defined benefit and defined contribution plans, including: [Applicable qualified and nonqualified benefit plans] or any applicable amended, successor or substitute plan or plans of the Company, including any supplemental employee retirement plans, put into effect prior to a Change in Control. The Caliber System, Inc. Long-Term Stock Award Incentive Plan is included in the definition of Retirement and Savings Plans to the extent that it provides Executive with supplemental stock credits.
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Examples of Retirement and Savings Plans in a sentence

  • Effective as of the Closing Date, Purchaser shall fully assume, and succeed to all rights, obligations and duties of Seller with respect to the Abitibi Consolidated Sales Corporation Retirement and Savings Plans for I.B.E.W. Hourly Employees at its Snowflake Division, which cover Hourly Newsprint Employees who are represented by the IBEW (collectively, including the applicable trusts, the “IBEW Hourly Defined Contribution Plans”).

  • The consequences of a Change in Control on Executive's stock credits under any Retirement and Savings Plans shall be determined in accordance with the provisions of the applicable plans.

  • Except as otherwise provided in Section 3.3(b) below, the Cummins Retirement and Savings Plans shall retain all Assets and Liabilities relating to the Cummins Retirement and Savings Plan accounts of each Filtration Employee and Former Filtration Service Provider, and the Parties shall not effectuate a transfer of Assets or Liabilities from the Cummins Retirement and Savings Plans to the Filtration Savings Plan.

  • Provided however, that no Transferred Employee shall count any period before his or her employment by the Buyer or be eligible for the service factor portion of the security contribution under the Alltrista Corporation Retirement and Savings Plans.

  • The Seller shall take all necessary steps to remove the Company as sponsoring employer or a participating employer of the Domestic Retirement and Savings Plans as of the Closing Date.

  • Appropriate amendments will ----------------------------------- be made to the Excess Retirement and Savings Plans effective January 1, 2002, to ensure that your benefits and contributions are unaffected by the salary waiver.

  • Except as provided in Section 9.7(d) --------------------- (Sellers' Retirement and Savings Plans), neither any Seller nor any Parent nor their respective Affiliates will make any transfer of pension or other employee benefit plan assets to Buyer.

  • Active benefit coverages continue for 12 months through July 31, 1996, (or only through such earlier date if you elect to receive a lump sum payment of your remaining salary payments) for medical, dental and accident plans and participation in the Company's Retirement and Savings Plans continue through July 31, 1996; Long-term Disability Plan participation ceases on August 1, 1995.

  • Employees shall not be considered terminated or retired by the Seller under the Domestic Retirement and Savings Plans until they are no longer being credited with service for purposes of eligibility (including for early retirement subsidies and disability benefits) and vesting.

  • Such plan or plans shall provide credit for the service earned in each of the Company Domestic Retirement and Savings Plans for purposes of eligibility (including for early retirement subsidies and disability benefits) and vesting.

Related to Retirement and Savings Plans

  • 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;

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Retirement fund means the "Washington law enforcement

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Multiple employer welfare arrangement means a “multiple employer welfare arrangement” within the meaning of Section 3(40) of ERISA.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • 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.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

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

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Company 401(k) Plan shall have the meaning set forth in Section 4.11(f).

  • 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.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).