Target Pension Plan definition
Examples of Target Pension Plan in a sentence
The Employer will contribute all funds in accordance with the BC Target Pension Plan and applicable provincial legislation.
No Target Pension Plan has an “accumulated funding deficiency” (as such term is defined in Section 302 of ERISA or Section 412 of the Code), whether or not waived.
Neither any Target Company nor any Affiliate has ever maintained, established, sponsored, participated in or contributed to, any Target Pension Plan in which stock of any Target Company is or was held as a plan asset.
Any of the Target Benefit Plans which is an "employee pension benefit plan," as that term is defined in Section 3(2) of ERISA, is referred to herein as a "Target ERISA Plan." Each Target ERISA Plan which is also a "defined benefit plan" (as defined in Section 414(j) of the Internal Revenue Code) is referred to herein as a "Target Pension Plan." No Target Pension Plan is or has been a multiemployer plan within the meaning of Section 3(37) of ERISA.
Target has delivered to Parent a true and complete copy of the most recent determination letter received with respect to each Target Pension Plan.
Following the Effective Date, Acquiror may, in its sole discretion, cause the Target Pension Plan to be terminated, merged into the Acquiror Pension Plan, or Acquiror may maintain the frozen plan as a separate plan.
If the Target Pension Plan is terminated, the service with Target and Target Bank shall not be recognized for purposes of benefit accrual under the Acquiror Bank Pension Plan.
Target has also provided to Parent a restatement of the Houghton Mifflin Retirement Plan which contains all Target Pension Plan amendments as to which a favorable determination letter has not yet been received.
The determination as to whether the Target Pension Plan shall be terminated or merged into the Acquiror Bank Pension Plan shall be made by Acquiror Bank.
Within six months of the ratification of this collective agreement, the Parties agree to meet and discuss the viability of joining the BCGEU Target Pension Plan.