Tredegar RIP definition

Tredegar RIP means the “defined benefit plan” (as defined in Code Section 414(j)), which is qualified under Code section 401(a), and which is to be established by Tredegar for the benefit of eligible employees of Tredegar and the Tredegar Subsidiaries in accordance with Section 2.01.
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Examples of Tredegar RIP in a sentence

  • The transfer of assets and liabilities from the Ethyl RIP to the Tredegar RIP shall be made on the Distribution Date or as soon as practicable thereafter; provided; however, that no such transfer shall take place until the expiration of the thirty day period immediately following the date of filing of the required Forms 5310 with the Internal Revenue Service.

  • The Tredegar RIP shall recognize, for all purposes, Tredegar Employees’ service with and compensation earned from Ethyl and its Affiliates before July 1, 1989 and Transferred Employees’ service and compensation earned from Ethyl and its Affiliates to the same extent that such service and compensation would be recognized by the Ethyl RIP as in effect on June 30, 1989.

  • As of July 1, 1989, the Tredegar RIP shall include substantially the same terms and conditions as are included in the Ethyl RIP as in effect on that date; provided, however, that this Agreement may not be construed or interpreted to restrict Tredegar’s right or authority to amend or terminate the Tredegar RIP effective as of a date following July 1, 1989.

  • Tredegar agrees that it will timely file an application with the Internal Revenue Service for a favorable determination with respect to the form of the Tredegar RIP under Code section 401(a) and will adopt any Tredegar RIP amendments which may be required by the Internal Revenue Service as a condition to issuing a favorable determination letter for the Tredegar RIP.

  • If the excess amount described in the preceding sentence exceeds the amount to be transferred under Section 2.01(c)(2), the difference shall be returned to the Ethyl RIP by the Tredegar RIP, together with any investment gains and/or losses (both realized and unrealized) as soon as practicable after December 31, 1990.

  • The accrued benefit under the Tredegar RIP of each Tredegar Employee and each Transferred Employee shall not be less than the Tredegar Employee’s and Transferred Employee’s accrued benefit under the Ethyl RIP.

  • An individual described in the first sentence of this Section 2.01(e) shall be eligible to participate in the Tredegar RIP in accordance with the terms of the Tredegar RIP and his service with Ethyl and Ethyl’s Affiliates shall be recognized by the Tredegar RIP for vesting purposes only.

  • The Ethyl RIP benefit of such an individual shall be paid by the Ethyl RIP in accordance with its terms, shall remain the sole responsibility of the Ethyl RIP, Ethyl, and the Ethyl Affiliates, and shall not be included in the assets and liabilities to be transferred to the Tredegar RIP.

  • The amount of assets to be transferred from the Ethyl RIP to the Tredegar RIP shall be adjusted for investment gains and/or losses (both realized and unrealized) from July 1, 1989 until the day prior to the day of actual transfer.

  • The amount of assets to be transferred form the Ethyl RIP to the Tredegar RIP shall be adjusted for investment gains and/or losses (both realized and unrealized) from the date as of which such projected benefit obligations are calculated until the day prior to the day of actual transfer.