TXI FSP definition

TXI FSP has the meaning set forth in Section 5.18(b)(i).
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TXI FSP means the Texas Industries, Inc. Financial Security Plan.
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Examples of TXI FSP in a sentence

  • Effective on the Distribution Date TXI shall amend the TXI FSP to exclude Chaparral Business Employees and to provide that the TXI FSP will provide benefits solely for the TXI Business Employees.

  • The TXI FSP has been adopted by Chaparral for the benefit if its pre-Distribution Date employees, and Chaparral has full liability and responsibility to provide the benefits promised under the TXI FSP to such employees.

  • In addition, Chaparral shall transfer to TXI any life insurance policies in which Chaparral is the beneficiary on the lives of TXI Business Employees whose TXI FSP obligations are retained by TXI.

  • Effective as of the Distribution Date, Chaparral shall withdraw from the TXI FSP, shall establish a form of Financial Security Plan (the “Chaparral FSP”) that is substantially similar to the form of TXI FSP except that it shall provide benefits solely for Chaparral Business Employees.

  • As soon as administratively practicable after the Distribution Date, there shall be transferred to Chaparral the life insurance policies on the lives of Chaparral Business Employees whose TXI FSP obligations were assumed by Chaparral.

  • For purposes of determining years of participation, a Transfer Participant’s participation in the TXI FSP will be considered as participation in this Plan.

  • A Transfer Participant’s participation in the TXI FSP shall be considered as participation in this Plan for purposes of this definition with respect to the Transfer Participant.

  • Certain provisions of the TXI FSP, as in effect immediately prior to July 29, 2005, apply to certain Transfer Participants as provided in such Participants’ Plan Agreements.

Related to TXI FSP

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • DPSP means a deferred profit sharing plan within the meaning of the Tax Act;

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • 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;

  • Qualified Plan means a Benefit Arrangement that is intended to be tax-qualified under Section 401(a) of the Internal Revenue Code.

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

  • Seller Plan means any Employee Benefit Plan that is maintained or sponsored by the Seller or any Subsidiaries of the Seller (other than the Companies and their Subsidiaries) for the benefit of any current or former NewCo Employee.

  • VEBA means a voluntary employees' beneficiary association under IRC Section 501(c)(9).

  • Basic Plan means as to any Member or Vested Former Member the defined benefit pension plan of the Company or an Affiliated Employer intended to meet the requirements of Code Section 401(a) pursuant to which retirement benefits are payable to such Member or Vested Former Member or to the Surviving Spouse or designated beneficiary of a deceased Member or Vested Former Member.

  • Retirement Savings Plan means the Air Products and Chemicals, Inc. Retirement Savings Plan, as amended from time to time, together with any similar, succeeding or substitute plan.

  • Qualifying Educational Program means a program at a post-secondary school level of not less than three consecutive weeks duration that requires each student taking the program to spend not less than 10 hours per week on courses or work in that program.

  • Medical flexible spending arrangement or "medical FSA" means a benefit plan whereby eligible state employees may reduce their salary before taxes to pay for medical expenses not reimbursed by insurance as provided in the salary reduction plan established under chapter

  • Defined Contribution Plan Fraction means a fraction, the numerator of which is the sum of the annual additions to a Participant’s accounts under all Defined Contribution Plans maintained by one or more Affiliated Companies, and the denominator of which is the sum of the lesser of (i) or (ii) for such Plan Year and for each prior Plan Year of Service with one or more Related Companies, where (i) is the product of 1.25 multiplied by the dollar limitation in effect under Section 415(c)(1)(A) of the Code for the Plan Year (determined without regard to Section 415(c)(6) of the Code), and (ii) is the product of 1.4 multiplied by the amount which may be taken into account under Section 415(c)(1)(B) of the Code (or Section 415(c)(7) of the Code, if applicable) with respect to the Participant for the Plan Year. Solely for purposes of this definition, contributions made directly by an Employee to a Defined Benefit Plan which maintains a qualified cost-of-living arrangement as such term is defined in Section 415(k)(2) shall be treated as Annual Additions. Notwithstanding the foregoing, the numerator of the Defined Contribution Plan Fraction shall be adjusted pursuant to Treasury Regulations 1.415-7(d)(1) and Questions T-6 and T-7 of Internal Revenue Service Notice 83-10.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Company 401(k) Plan shall have the meaning set forth in Section 6.09(e).

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • CHAMPUS means the Civilian Health and Medical Program of the Uniformed Services.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Pension program means the defined benefit pension program of the Oregon Public Service

  • Uniform business entity application means the current version of the NAIC Uniform Business Entity Application for resident and nonresident business entities.

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Distribution Plan means any plan or formula of allocation of the Net Settlement Fund, to be approved by the Court, upon notice to the Class as may be required, whereby the Net Settlement Fund shall in the future be distributed to Authorized Claimants.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.