Retirement Benefit Arrangements definition

Retirement Benefit Arrangements means the arrangements and plans relating to retirement benefits forming part of the Due Diligence Information, those material arrangements and plans being listed in Part 2 of this Schedule.

Retirement Benefit Arrangements means, in any jurisdiction, the benefit schemes or arrangements in respect of Employees or former employees of the Target Companies (other than state or mandatory social security arrangements or collective bargaining arrangements) operated by the Target Companies or in which any Target Company is a participating employer, which provide pension or other benefits on retirement, disability, death, voluntary withdrawal from or involuntary termination of employment, life assurance arrangements, accidental death schemes and post-retirement medical or life assurance benefits;

Retirement Benefit Arrangements has the meaning set forth in Schedule 15.

Examples of Retirement Benefit Arrangements in a sentence

• In respect to the Non-U.S. Retirement Benefit Arrangements, SpinCo shall be obliged to establish a successor plan for the benefit of the Non-U.S. Employees to the extent required by applicable Law or set out in Appendix 5 (e) (ii) (“Successor Retirement Benefit Arrangement”) and shall be required to maintain this Successor Retirement Benefit Arrangement during the Continuation Period.

• There are Fairly Disclosed in the Data Room or the Disclosure Letter copies of all material documents governing such Group Retirement Benefit Arrangements as will transfer to the Purchaser or other Relevant Purchasers on Closing (“Transferred Arrangements”) and membership data to establish members’ entitlements to benefits under the Transferred Arrangements including current details of the rates at which contributions are made in respect of the Relevant Employees.

• All contributions, payments, premiums, distributions or reimbursements due to the Group Retirement Benefit Arrangements from any member of the Group in respect of Relevant Employees have been paid in full and on time in all material respects and there are no other costs or contributions paid or payable by any member of the Group in respect of the Group Retirement Benefit Arrangements and Mandatory Arrangements.

• The Group Companies and the Business Sellers have met their material legal obligations in respect of the Group Retirement Benefit Arrangements and Mandatory Arrangements.

• The Data Room contains copies of documents governing such Group Retirement Benefit Arrangements as will transfer to the Purchaser on Completion and membership data to establish members’ entitlements to benefits under such Group Retirement Benefit Arrangements.

More Definitions of Retirement Benefit Arrangements

Retirement Benefit Arrangements means, in any jurisdiction, the benefit schemes or arrangements in respect of Employees (other than statutory or mandatory minimum benefits, mandatory social security arrangements or mandatory collective bargaining arrangements) operated by any Acquired Company or in which any Acquired Company participates, which provide pension or other benefits on retirement, disability, death, voluntary withdrawal from or involuntary termination of employment, life assurance arrangements, accidental death schemes and post-retirement medical or life assurance benefits.

Retirement Benefit Arrangements means the retirement benefit arrangements listed in Schedule 14.

Retirement Benefit Arrangements means the benefits, schemes or arrangements in respect of Relevant Employees (other than state or mandatory, social security arrangements or mandatory collective bargaining arrangements), operated by the BP Group or in which the BP Parties participate that are in force at the Completion Date and which provide benefits on retirement, ill-health or injury, death or voluntary withdrawal from or involuntary termination of employment (including termination indemnity payments), life assurance arrangements, accidental death and post-retirement medical benefits; “ROG” means Ruhr-Oel GmbH, a joint venture company owned as to 50 per cent. by Petroleos de Venezuela S.A. and as to 50 per cent. by Deutsche BP AG; “Secondment Agreement” means an agreement entered into between a member or members of the BP Group and a member or members of the Innovene Group on or about 31 March 2005 pursuant to which an employee or employees of one group is or are seconded to the other; “Separation Date” means any date on which Innovene ceases to be a wholly-owned subsidiary of BP p.l.c.; “Solvents and Industrial Chemicals Business” means:

Retirement Benefit Arrangements means, in any jurisdiction, the Company Benefits Plans operated by the Target Companies or in which the Target Companies participate or could be reasonably expected to have any Liability or in which Company Employees participate, which provide any pension or other benefits on retirement, ill- health or injury, death, voluntary withdrawal from or involuntary termination of employment, life assurance arrangements, accidental death schemes and post-retirement medical or life assurance benefits;

Retirement Benefit Arrangements has the meaning set out in Paragraph 1.4 of Schedule 4;

Retirement Benefit Arrangements means the arrangements and plans relating to retirement benefits. Those material arrangements and plans concerning the Netherlands are listed in Part 2 of this Schedule.

Retirement Benefit Arrangements shall have the meaning set out in Clause 6.17.7;