Transferred Pension Plans definition

Transferred Pension Plans means assets and Liabilities associated with any Business Benefit Plan set forth on Section 1.01(n) of the Seller Disclosure Letter.
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Transferred Pension Plans means assets and liabilities associated with any Business Benefit Plan set forth on Section 1.01(n) of the Seller Disclosure Letter.
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Transferred Pension Plans shall have the meaning set forth in Section 3.11(s).
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Examples of Transferred Pension Plans in a sentence

  • The Transferred Plans shall make payments to all CSC Group Employees and Former CSC Group Employees with vested rights thereunder in accordance with the terms of the Transferred Pension Plans as in effect from time to time and their applicable beneficiaries.

  • Effective no later than the Effective Time, CSC shall transfer sponsorship and administration of the Transferred Pension Plans to Computer Sciences GS.

  • Computer Sciences GS shall, or shall cause one or more members of the Computer Sciences GS Group to, assume from CSC sponsorship of and all right, title and interest of CSC in and to and all related Assets and Liabilities under the Transferred Pension Plans and related trusts, in accordance with Section 414(l) of the Code, Treasury Regulation Section 1.414(l)-1 and Section 208 of ERISA.

  • Effective no later than the Effective Time, CSC shall transfer sponsorship and administration of the Transferred Pension Plans to CSRA.

  • With respect to each of the Transferred Pension Plans, as of the Closing Date, DuPont shall have, or shall have caused its Subsidiaries to have, conducted: (i) a fair market valuation of the assets of each Transferred Pension Plan, and (ii) a valuation of the aggregate liabilities of each Transferred Pension Plan in accordance with FAS 87 but using an 8.5% interest rate assumption and a 5.5% salary increase assumption (collectively, the "SUBSTITUTED ASSUMPTIONS").

  • With respect to each ------------------------- of the Transferred Pension Plans, as of the Closing Date, DuPont shall have, or shall have caused its Subsidiaries to have, conducted: (i) a fair market valuation of the assets of each Transferred Pension Plan, and (ii) a valuation of the aggregate liabilities of each Transferred Pension Plan in accordance with FAS 87 but using an 8.5% interest rate assumption and a 5.5% salary increase assumption (collectively, the "Substituted Assumptions").

  • Forthwith after the applicable Closing Date, Seller shall provide to the Purchaser such books, records and other pertinent data and information as Purchaser may reasonably require to operate and administer the Canadian Transferred Pension Plans and to review the determination of unit values under the Canadian Master Trust Fund.

  • CSRA shall, or shall cause one or more members of the CSRA Group to, assume from CSC sponsorship of and all right, title and interest of CSC in and to and all related Assets and Liabilities under the Transferred Pension Plans and related trusts, in accordance with Section 414(l) of the Code, Treasury Regulation Section 1.414(l)-1 and Section 208 of ERISA.

  • The parties acknowledge that the assets of the Canadian Transferred Pension Plans are invested in a master trust fund maintained by Seller (the “Canadian Master Trust Fund”).

Related to Transferred Pension Plans

  • 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.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Loan Party or any Subsidiary of any Loan Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

  • Unfunded Pension Liabilities with respect to any Pension Plan, at any date of determination, the amount determined by taking the accumulated benefit obligation, as disclosed in accordance with Statement of Accounting Standards No. 87, "Employers' Accounting for Pensions", over the fair market value of Pension Plan assets.

  • Guaranteed Pension Plan means any employee pension benefit plan within the meaning of §3(2) of ERISA maintained or contributed to by any Borrower or any ERISA Affiliate the benefits of which are guaranteed on termination in full or in part by the PBGC pursuant to Title IV of ERISA, other than a Multiemployer Plan.

  • Unfunded Pension Liability means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan year.

  • Pension Plans The meaning specified in Section 4.1(v).

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Seller Plans has the meaning set forth in Section 3.13(a).

  • Qualified Plans has the meaning set forth in Section 5.20.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • personal pension scheme means a personal pension scheme which--

  • Seller Benefit Plans has the meaning set forth in Section 4.10(a).

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • Seller Plan means any Employee Benefit Plan maintained, or contributed to, by the Seller or any ERISA Affiliate.

  • Benefit Plans shall have the meaning set forth in Section 3.13(a).

  • Canadian Benefit Plan means any plan, fund, program or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Loan Party has any liability with respect to any of its employees or former employees employed in Canada, and includes any Canadian Pension Plan.

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Canadian Pension Plan means any Canadian Employee Benefit Plan, other than a Canadian Multiemployer Plan, which is registered in accordance with the ITA or other Applicable Law and which (a) is maintained for the employees of the Borrower or any of its Subsidiaries or (b) has at any time within the preceding six (6) years been maintained for the employees of the Borrower or any of its Subsidiaries which the Borrower or any of its Subsidiaries sponsors, maintains, or to which it makes, is making or is obligated to make, contributions, and shall not include any Pension Plan.

  • Seller 401(k) Plan has the meaning set forth in Section 5.5(e).

  • Former Plan means any employee benefit plan in respect of which the Customer or a Subsidiary has engaged in a transaction described in Section 4069 or Section 4212(c) of ERISA.

  • Buyer Benefit Plans has the meaning set forth in Section 6.10(f).

  • Employee Plans has the meaning set forth in Section 3.14(b).

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.