Retirement Liability definition

Retirement Liability means the liability that PARSAC possesses to all former or current employees ofPARSAC for retirement benefits owed to them pursuant to a contract between PARSAC and a Public Retirement System and arising by reason ofthose employees participation in the Public Retirement System.

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Retirement Liability means an obligation in excess of $750,000 owed to the Utah State Retirement Office by a rural county health care special service district as a participating employer.

Retirement Liability means the liability that PARSAC possesses to all former or

Examples of Retirement Liability in a sentence

The general corporate funds of the Bank shall be the sole source of payment of the Retirement Liability.
Executive and Executive’s Beneficiary shall have no interest in any property of the Bank or any other rights with respect thereto except to the extent of the contractual right to the Retirement Liability represented by the obligations described in Section 2 of this Agreement.
The Retirement Liability is not a deposit, is not otherwise funded by the Bank and is not insured by the Federal Deposit Insurance Corporation and does not constitute a trust account or any other special obligation of the Bank and does not have priority of payment over any other general obligations of the Bank.
Executive and Executive’s Beneficiary or any successor in interest shall be and shall remain unsecured general creditors of the Bank with respect to the Retirement Liability.
The Bank shall be under no obligation to set aside, earmark or otherwise segregate any funds with which to pay the Retirement Liability.
The general corporate funds of the Company shall be the sole source of payment of the Retirement Liability.
The Company shall be under no obligation to set aside, earmark or otherwise segregate any funds with which to pay the Retirement Liability.
Notwithstanding anything herein to the contrary, the Bank has no obligation whatsoever to set aside assets, either directly or indirectly, in a trust for purposes of paying the Retirement Liability under this Agreement.
Executive and Executive’s Beneficiary shall have no interest in any property of the Company or any other rights with respect thereto except to the extent of the contractual right to the Retirement Liability represented by the obligations described in Section 2 of this Agreement.
The Retirement Liability is not a deposit, is not otherwise funded by the Company and is not insured by the Federal Deposit Insurance Corporation and does not constitute a trust account or any other special obligation of the Company and does not have priority of payment over any other general obligations of the Company.

More Definitions of Retirement Liability

Retirement Liability means the liability that PARSAC possesses to all former or current employees of PARSAC for retirement benefits owed to them pursuant to a contract between PARSAC and a Public Retirement System and arising by reason of those employees participation in the Public Retirement System.

Retirement Liability means the liability that ▇▇▇▇ possesses to all former or current employees of ▇▇▇▇ for retirement benefits owed to them pursuant to a contract between ▇▇▇▇ and ▇▇▇▇▇▇▇ and arising by reason of those employees participation in CalPERS calculated on a terminated basis pursuant to sections 20570 -20593 of the Government Code.

Retirement Liability means the liability that the Company accrues, under Generally Accepted Accounting Principles ("GAAP") as reasonably applied by the Company, for the Company's obligation to the Executive under this Agreement in accordance with Accounting Principles Board Opinion Number 12, as amended by Statement of Financial Accounting Standards Number 106.

Retirement Liability means the liability that CIRA possesses to all former or current