Retirement Benefit Rights means, with respect to any Person, any pension, lump sum, gratuity or a like benefit provided or generally intended to be provided on retirement or on death in respect of an Employee’s relationship as a service provider to such Person or its Subsidiaries; provided, that (x) material post-retirement health benefits and any other self-insured health benefit arrangements and (y) material deferred compensation payments required to be made to an Employee in respect of the termination of employment, are both deemed to be “Retirement Benefit Rights.”
Retirement Benefit Rights shall have the meaning given in Section 3.13(b)(iii).
Retirement Benefit Rights means, with respect to an entity, any pension, lump sum, gratuity, or a like benefit provided or generally intended to be provided on retirement or on death in respect of an Employee’s relationship as a service provider to an entity or its Subsidiaries. Post retirement health benefits and any other self-insured health benefit arrangements are deemed to be “Retirement Benefit Rights.” Deferred compensation payments required to be made to an Employee in respect of the termination of employment are also deemed to be “Retirement Benefit Rights.” Section 3.13(b)(iii) of the Company Disclosure Letter lists each Retirement Benefit Plan and Retirement Benefit Right, other than those under an ERISA 401(k) plan.
Examples of Retirement Benefit Rights in a sentence
The Pension Principles shall apply to the Retirement Benefit Schemes providing Retirement Benefit Rights of Polyurethanes Employees subject to the modifications contained in this Part 3 of this Schedule 11.
In complying with its obligations under paragraphs 2 and 3 of the General Principles, the Purchaser, effective the Closing Date, shall take all appropriate action to become the plan sponsor of the Vendor DB Plan so that the liability for providing Retirement Benefit Rights to the Polyurethanes Employees under the Vendor DB Plan transfers to the Purchaser.
For purposes of applying the Valuation Principles, the value of the Retirement Benefit Rights under the Vendor DB Plan and the Vendor Nonqualified DB Plans shall be determined using the Actuarial Methods and Assumptions set out in Part I of the Actuarial Annex.
For purposes of this Agreement, “Retirement Plan” shall mean a material arrangement for the provision of Retirement Benefit Rights to Employees (and, if applicable, beneficiaries thereof).
In this Schedule the following expressions shall have the following meanings: Actuarial Annex means Annex 1 to this Part containing the Actuarial Methods and Assumptions to be used for purposes of applying the Pension Principles (to include the Valuation Principles) with respect to the Retirement Benefit Schemes providing Retirement Benefit Rights to the Transferring Polyurethanes Employees.
More Definitions of Retirement Benefit Rights
Retirement Benefit Rights means, with respect to an entity, any pension, lump sum, gratuity, or a like benefit provided or generally intended to be provided on retirement or on death in respect of an Employee's relationship as a service provider to an entity or its Subsidiaries, including any nonqualified deferred compensation plan or agreement. Material post-retirement health benefits and any other self-insured health benefit arrangements are deemed to be "Retirement Benefit Rights." Material deferred compensation payments required to be made to an Employee in respect of the termination of employment are also deemed to be "Retirement Benefit Rights."
Retirement Benefit Rights means, with reference to any party hereto, any pension, lump sum, annuity, or a like benefit provided or generally intended to be provided on retirement or on death in respect of a current, former or retired employee’s relationship as a service provider to such party or its Employment Affiliates. Post-retirement health benefits are deemed to be “Retirement Benefit Rights”; provided, however, benefits provided under an arrangement the sole purpose of which is to provide benefits on injury or death by accident occurring while an individual is a service provider to the applicable party or its Employment Affiliates are not “Retirement Benefit Rights.” Payments required to be made to a current, former or retired employee in respect of the termination of employment other than as compensation for breach of the employment relationship by the employer are also deemed to be “Retirement Benefit Rights.”
Retirement Benefit Rights means any pension, lump sum, gratuity, prior notice, adjustment period or any right or benefit of a financial nature or value, provided or generally intended to be provided on termination of employment, including without limitation, resignation, dismissal, retirement or on death, and excluding payments required to be made as compensation for breach of the employment relationship by the employer, all in respect of a Transferred Employee. Post-retirement health benefits are deemed to be "RETIREMENT BENEFIT RIGHTS"; provided, however, that benefits provided under an arrangement the sole purpose of which is to provide benefits on injury or death by accident occurring while an individual is a service provider to the Sellers or its Affiliates are not Retirement Benefit Rights.
Retirement Benefit Rights means, with respect to an entity, any pension, lump sum, gratuity, or a like benefit provided or generally intended to be provided on retirement or on death in respect of an Employee's relationship as a service provider to an entity or its Subsidiaries. Material post-retirement health benefits and any other self-insured health benefit arrangements are deemed to be "Retirement Benefit Rights." Material deferred compensation payments required to be made to an Employee in respect of the termination of employment are also deemed to be "Retirement Benefit Rights." "FUNDED RETIREMENT PLAN" means, with respect to party, a Retirement Plan under which the assets to satisfy the benefit obligations are legally segregated from the general assets of such party or its Subsidiaries and are not subject to the creditors of such party or its Subsidiaries.
Retirement Benefit Rights means any pension, lump sum, gratuity or any right or benefit of a financial nature or value, provided or generally intended to be provided to (or in respect of) an Employee upon termination of such Employee's employment, due to resignation, dismissal, retirement or on death, and excluding payments required to be made as compensation for breach of the employment relationship by the employer. Post-retirement health benefits are deemed to be "Retirement Benefit Rights"; provided, however, that benefits provided under an arrangement the sole purpose of which is to provide benefits upon injury or death by accident occurring while an individual is a service provider to the Seller or its ERISA Affiliates are not Retirement Benefit Rights.
Retirement Benefit Rights means any pension, lump sum, gratuity, or a like benefit other than benefits provided under 401K plans in the USA provided or to be provided on retirement or on death in respect of an employee's employment. Post-retirement medical or dental benefits are deemed to be Retirement Benefit Rights but benefits provided under an arrangement the sole purpose of which is to provide benefits on injury or death by accident occurring while an Employee are not Retirement Benefit Rights;
Retirement Benefit Rights means any pension, lump sum, gratuity, or a like benefit provided or to be provided on retirement, on early retirement, invalidity or on death in respect of an Employee's employment Retirement Benefit Schemes means each scheme, plan, fund, arrangement or contractual undertaking of any member of the Vendor's Group for the provision of Retirement Benefit Rights to or in respect of one or more Employees or one or more former employees of any of the Companies and, for the avoidance of doubt, includes any such scheme, plan, fund or arrangement which has not been disclosed in the Data Room;