TBG Pension Plan definition

TBG Pension Plan. See Section 6.2(d);
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Examples of TBG Pension Plan in a sentence

  • At the time the Transfer Amount is paid to the trust under the Company Pension Plan, the Company and the Company Pension Plan shall assume all liabilities for all accrued benefits under the TBG Pension Plan in respect of current and former Company employees and each of TBG, its Affiliates and the TBG Pension Plan shall be relieved of all liabilities for such benefits.

  • As soon as reasonably practicable after and effective as of the Closing Date, Buyer will cause the Company to adopt or become a participating employer in a qualified defined benefit plan (the "Company Pension Plan") for the benefit of the Company's current and former employees and former Detroit Gasket employees who are participants in, or beneficiaries of, the TBG Pension Plan as of the Closing Date.

  • Buyer agrees to provide that the accrued benefits of current and former employees of the Company under the Company's Pension Plan shall be no less than the accrued benefits of such current and former employees of the Company under the TBG Pension Plan as of the Closing Date.

  • Accrued benefits of such current and former employees of the Company that are vested under the TBG Pension Plan as of the Closing Date shall be nonforfeitable under the Company Pension Plan.

Related to TBG Pension Plan

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Canadian Pension Plan means a pension plan or plan that is subject to applicable pension benefits legislation in any jurisdiction of Canada and that is organized and administered to provide pensions, pension benefits or retirement benefits for employees and former employees of any Loan Party or any Subsidiary thereof.

  • Foreign Pension Plan means any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States of America by the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower or such Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.