Transferor Plan definition

Transferor Plan means a plan that gives assets and/or liabilities to another plan in a transfer (e.g., Spinoff, Merger, or Consolidation).

Transferor Plan means the Pension Plan a Member is enrolled in prior to a transfer in accordance with Section 4.02.

Transferor Plan means an employee benefit plan that is qualified under Section 401(a) of the Code and that transfers part or all of its assets and liabilities to, or merges or consolidates into, this Plan in a trust-to-trust transfer described in Section 414 (l) of the Code.

Examples of Transferor Plan in a sentence

• 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 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.

• The amendment is effective from April 1, 2017.Thus, the date of allotment at the time of subscription in Transferor Plan (Consolidating Plan) under a mutual fund scheme will be considered as the date of allotment for determining period of holding for the purpose of computing short term / long term capital gain/ loss at the time of redemption of such units in Surviving Plan (Consolidated Plan) under a mutual fund scheme.

• No merger, consolidation, or transfer of assets shall impose on the Company or any Related Company any liabilities or obligations of the sponsor of a Transferor Plan respecting the Transferor Plan or accounts transferred from the Transferor Plan (including but not limited to the obligation to make contributions to such accounts) unless the Company or Related Company expressly assumes such liabilities or obligations.

• If an individual who is participating in another plan within the Trust (the “Transferor Plan”) becomes eligible to participate in this Plan due to a change in job position, the Trustee will transfer his account balance under the Transferor Plan into this Plan, and all salary reduction agreements and investment elections will remain the same as the elections under the Transferor Plan immediately prior to such transfer.

More Definitions of Transferor Plan

Transferor Plan means any “employee benefit plan” (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (ERISA) whether or not subject to ERISA) and any other plan, Contract, arrangement, policy, fund or program (whether written or unwritten, insured or self-insured) involving direct or indirect compensation, including insurance coverage, severance benefits, health or welfare benefits, deferred compensation, bonuses, stock options, stock purchase, phantom stock, stock appreciation or other forms of equity- and cash-based incentive compensation or post-retirement compensation (i) sponsored, maintained or contributed to (or with respect to which any obligation to contribute has been undertaken) by the Transferor for the benefit of any of the Transferred Employees or their beneficiary, or (ii) with respect to which the Transferor could reasonably be expected to have any Liabilities on behalf of any such Transferred Employee or beneficiary; provided that any governmental plan or program requiring the mandatory payment of social insurance Taxes or similar contributions to a governmental fund with respect to the wages of an employee will not be considered a “Transferor Plan.”

Transferor Plan means the Plan from which the Transferred Member transfers.

Transferor Plan means the VeriTec Technologies, Inc. Profit Sharing Plan.

Transferor Plan means the Tegal Scientific, Inc. Profit Sharing 401(k) Plan.

Transferor Plan means the EFD, Inc. Profit Sharing Plan and Trust.

Transferor Plan means the Slautterback Corporation 401(k) Profit Sharing Plan.

Transferor Plan means the HP Solutions, Inc. 401(k) Profit Sharing Plan.