Superannuation Commitments definition

Superannuation Commitments means any legal liability (whether arising pursuant to an industrial award or agreement or other- wise) or voluntary commitment to make contributions to any Australian superannuation fund, pension scheme or other ar- rangement which provides directors or employees of any Packag- ing Company or their respective dependents with pensions, annuities, lump sums or any other payments upon retirement or earlier death or otherwise.
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Superannuation Commitments means (a) any legal liability (whether arising under an industrial award, workplace agreement or otherwise) or voluntary commitment of the Company to make contributions to a Superannuation Arrangement in respect of the Continuing Employees or any other current or former employee as defined under the Superannuation Guarantee (Administration) Xxx 0000, and (b) any contribution amount required so that, on the Closing Date, Buyer is free of any liability for the superannuation guarantee charge under the Superannuation Guarantee (Administration) Act 1992 (as amended) for any contribution period under the Superannuation Guarantee (Administration) Act 1992 (as amended) (or part period) up to that date (assuming that the superannuation guarantee shortfall accrues daily during a contribution period) in respect of the Continuing Employees, or any other current or former employee as defined under the Superannuation Guarantee (Administration)
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Superannuation Commitments means every amount needed to (A) satisfy any actual or contingent liability for any superannuation
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Examples of Superannuation Commitments in a sentence

  • Superannuation Commitments The Consolidated Entity contributes to individual employee accumulation superannuation plans at the statutory rate of the employees’ wages and salaries, in accordance with statutory requirements, to provide benefits to employees on retirement, death or disability.

  • The following table summarises information about options held by eligible option holders as at 31 December 2004: Superannuation Commitments The employer contributes in accordance with the Government Superannuation Guarantee Legislation.

  • PENSIONS AND OTHER POST-EMPLOYMENT PLANS Superannuation Commitments Contributions are made by the Company in accordance with the relevant statutory requirements.

  • Superannuation Commitments (continued)Retirement benefits under Division 3 are primarily in the form of pensions based on member contributions, period of membership and final salary.

  • Superannuation Commitments The Company and its controlled entities contribute to employee superannuation funds.

  • Connected Load - The sum of the horsepower, kilowatts or kilovolt ampere ratings of all the devices located on a Customer’s premises which are connected to the Company’s electric system, or which can be connected simultaneously by the insertion of fuses or by the closing of a switch.

  • Superannuation Commitments The Corporation contributes to an accumulation benefit employee fund, which is administered by Super SA and a privately held superannuation fund as elected by one of the employees.

  • In all of these time series figures, we will mark the introduction of the legislative change in September 2009 with a vertical line, thus making it possible to observe trends over time both before and after the 2009 legislative change.

  • None of the other representations or warranties shall be deemed to be given in relation to Plans, Superannuation Commitments or environmental matters.

  • The Subsidiary has satisfied all of its Superannuation Commitments and has made all payments necessary to avoid incurring any liability to pay the superannuation guarantee charge under the Superannuation Guarantee Charge Act 1992 in relation to its employees, and will continue to do so until the Completion Date.


More Definitions of Superannuation Commitments

Superannuation Commitments means every amount needed to (A) satisfy any actual or contingent liability for any superannuation contribution (including under the governing rules of a superannuation fund, employment contract, contract for services, industrial instrument or any law), (B) to satisfy any moral obligation to pay superannuation contributions or benefits under the practices, standards and procedures that applied before the date concerned, or (C) so that on the date concerned, the employer is free of actual and contingent liability for superannuation guarantee charge under the Superannuation Guarantee (Administration) Xxx 0000 (“SGA”), for any contribution period under the SGA up to that date (making the assumption that the superannuation guarantee charge accrues from day to day during each contribution period).
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Related to Superannuation Commitments

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Total Revolving Commitments at any time, the aggregate amount of the Revolving Commitments then in effect.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Superannuation Fund means the Local Government Superannuation Scheme.

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • New Commitments has the meaning set forth in Section 2.18(a).

  • superannuation benefit means any payment, other than a refund of contributions, made to a dentist by virtue of the application of the (a) National Health Service Pension Scheme Regulations 1995; or (b) the National Health Service Superannuation Scheme (Scotland) Regulations 1995 or (c) the corresponding provisions of the law in force in Northern Ireland; as a result of his providing general dental services;

  • Facility A Commitment means, in relation to a Facility A Lender, the amount set opposite its name in column 1 of part E of schedule 1 or, as the case may be, in any relevant Transfer Certificate, as amended by any relevant term of this Agreement;

  • Other Revolving Commitments means one or more Classes of revolving credit commitments hereunder or extended Revolving Commitments that result from a Refinancing Amendment or a Loan Modification Agreement.

  • Existing Revolving Commitments has the meaning specified in Section 2.17(b).

  • Tranche B Term Loan Commitments means such commitments of all Lenders in the aggregate. The amount of each Lender’s Tranche B Term Loan Commitment, if any, is set forth on Appendix A-2 or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Third Restatement Date is $600,000,000.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Incremental Commitments has the meaning set forth in Section 2.14(a).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Group Commitment means with respect to any Purchaser Group the aggregate of the Commitments of each Purchaser within such Purchaser Group.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Approved Occupational Superannuation Fund means a superannuation fund which complies with the Occupational Superannuation Standards Act, 1987.

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Total Revolving Commitment means the sum of the Revolving Commitments of the Revolving Lenders as the same may be decreased pursuant to Section 2.12(c) or increased pursuant to Section 2.19. As of the Closing Date, the amount of the Total Revolving Commitment is $100,000,000.

  • L/C Commitment means the commitment of the Issuing Bank to issue Letters of Credit pursuant to Section 2.23.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Incremental Term Loan Commitments has the meaning set forth in Section 2.24.