Transferee Plan definition

Transferee Plan means a plan that receives assets and/or liabilities from another plan in a transfer (e.g., Spinoff, Merger, or Consolidation).

Transferee Plan means the Pension Plan in which a Transferred Member was actively participating immediately prior to the date on which the Transferred Member retired, terminated or died.

Transferee Plan shall have the meaning set forth in Section 6.4(c). ---------------

Examples of Transferee Plan in a sentence

• In accordance with subsection 146.1(6.1) of the Tax Act, any registered education savings plan receiving a transfer will be deemed to have been entered into on the day that is the earlier of the day on which the registered education savings plan receiving the transfer (the "Transferee Plan") was entered into, and the day on which the registered education savings plan from which the transfer was made (the "Transferor Plan") was entered into.

• Each Subscriber under the Transferor Plan will be deemed to be a Subscriber under the Transferee Plan for the purposes of the over contribution tax payable as a result of a transfer, in accordance with subsections 204.9(5) and 204.91(1) of the Tax Act.

• In the event that a Participant becomes employed by any affiliated company, subsidiary corporation, parent corporation or unrelated corporation with which the Company enters into a transaction to acquire the assets or stock of such unrelated corporation, the Committee shall have the right, but not the obligation, to direct the Trustee to transfer funds in an amount equal to the amount credited to such Participant’s Account (the “Transferred Account”) to a trust established under a Transferee Plan.

• This Plan is not subject to the Qualified Joint and Survivor Annuity rules, except to the extent required under Section 9.01 of the Plan (e.g., if the Plan is a Transferee Plan).

• With respect to withdrawals from a Transferee Plan or a Money Purchase Plan, such withdrawals will be subject to the spousal consent requirements of Section 7.7(b).

• As of June 1, 2010, the B&W Transferee Plan shall commence making the required benefit payments.

• A XxXxxxxxx Employee or Former XxXxxxxxx Employee shall not accrue benefits under the B&W Transferee Plan, unless such XxXxxxxxx Employee or Former XxXxxxxxx Employee shall become employed by any member of the B&W Group that participates in the B&W Transferee Plan.

• Following the determination of the Initial Transfer Amount by MI, MI shall cause to be transferred from the XxXxxxxxx Pension Plan to the B&W Transferee Plan assets having an aggregate Value (as defined below) equal to the Initial Transfer Amount.

• Except to the extent provided in applicable regulations, any rollover contribution, or similar transfer, initiated by the Employee and made after December 31, 1983, to a Plan shall not be taken into account with respect to the Transferee Plan for purposes of determining whether such Plan is a Top-Heavy Plan, or whether any aggregation group which includes such Plan is a Top-Heavy group.

• In a Consolidation, the Transferee Plan is a New Plan that is created in the Consolidation.Thus, the plan that exists after a Consolidation follows the premium filing rules for New Plan.If, as the result of a Consolidation, a plan ceases to exist, in addition to reporting information about the transaction, you must also report that the filing is the last filing for the plan.

More Definitions of Transferee Plan

Transferee Plan means a qualified plan which receives a distribution from another qualified plan which provides a qualified joint and survivor annuity benefit and/or qualified pre-retirement survivor annuity benefit.

Transferee Plan means an unfunded, nonqualified deferred compensation plan described in Section 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974 (“ERISA”).

Transferee Plan shall have the meaning assigned to such term in Section 2.7.3.

Transferee Plan has the meaning set forth in Section 2.5(m).