UK DB Plans definition

UK DB Plans means (i) the HPG Pension Scheme governed by its Second Definitive Trust Deed and Rules dated 13 April 2011 and (ii) the Du Pont (U.K.) Limited Pensions Fund governed by rules annexed to a Deed of Amendment dated 12 November 2008.
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UK DB Plans means (i) the HPG Pension Scheme governed by its Second Definitive Trust Deed and Rules dated 13 April 2011, (ii) the Du Pont (U.K.) Limited Pensions Fund governed by rules annexed to a Deed of Amendment dated 12 November 2008 and (iii) and any other relevant pension scheme to the benefit of Axalta 2 employees the existence and details of which are notified in writing by Axalta 2 to the Collateral Agent.
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UK DB Plans means the Filmatic Pension Scheme and the Soho Images Limited Superannuation Plan.
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Examples of UK DB Plans in a sentence

  • If the proposal goes ahead, no colleagues would be able to continue building up benefits in the UK DB Plans.

  • The UK DB Plans closed to new members by 2001 – and while only approximately 12% of our active UK workforce are currently building up benefits in these DB Plans, around 40% of GSK’s ongoing UK pension spend goes towards funding them.

  • The UK DB Plans closed to new members by 2001 – and while now less than 12% of our UK workforce are currently building up benefits in these DB Plans, still around 40% of GSK’s ongoing UK pension spend goes towards funding them.

  • The final decision in relation to the closure of the UK DB Plans was made after very careful and lengthy consideration by the Company and many factors were considered as part of that decision, including consistency of reward offerings across the whole UK workforce, financial control and sustainability and market competitiveness.

  • The expectation is that the sponsoring employer of the closed UK DB Plans will continue to be GSK when we become two companies in 2022.

  • No Company shall, except for the UK DB Plans, be or become at any time the employer of a UK defined benefit pension plan.

  • In summary, the 3 year commitment was provided in order to provide some reassurance in the years immediately following the closure of the UK DB Plans, but does not necessarily indicate that the terms will be amended or withdrawn upon the expiry of that express commitment.


More Definitions of UK DB Plans

UK DB Plans means (a) the Lucent Technologies Retirement Benefits Plan governed by the rules dated February 8, 2010, as amended, (b) the Alcatel Pension Scheme governed by the Definitive Trust Deed and Rules dated May 16, 2007, as amended, (c) the Alcad Pension Plan governed by the Definitive Trust Deed and Rules dated December 10, 1984, as amended, (d) the Alcatel Telecom Retirement Benefits Plan governed by the Rules dated March 18, 2011, and (e) the Saft Limited Pension and Assurance Scheme which was wound up on November 10, 2008.
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UK DB Plans means (i) the GPS EnergySolutions Section of the Combined Nuclear Pension Plan and (ii) the ESEU PBO Section of the Electricity Supply Pension Scheme.
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UK DB Plans means the Global Marine Systems Pension Plan, the Global Marine Systems Guernsey Pension Plan and the Merchant Navy Officers Pension Fund insofar as that fund applies to the Company.
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Related to UK DB Plans

  • Sub-Plans means any sub-plan to the Plan that has been adopted by the Board or the Committee for the purpose of permitting the offering of Awards to employees of certain Designated Foreign Subsidiaries or otherwise outside the United States of America, with each such sub-plan designed to comply with local laws applicable to offerings in such foreign jurisdictions. Although any Sub-Plan may be designated a separate and independent plan from the Plan in order to comply with applicable local laws, the Absolute Share Limit and the other limits specified in Section 5(b) shall apply in the aggregate to the Plan and any Sub-Plan adopted hereunder.

  • 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;

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

  • Transferred Employees has the meaning set forth in Section 6.4(a).

  • Old Plans has the meaning set forth in Section 6.8(b).

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

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

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

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

  • Prior Plans means, collectively, the Company’s 2006 Long-Term Incentive Plan, as amended, 2009 Long-Term Incentive Plan, 2012 Long-Term Incentive Plan and 2013 Long-Term Incentive Plan. Awards granted under the Prior Plans continue to be governed under the terms of those Prior Plans.

  • Health and Welfare Plans means any Benefit Plan that was established or is maintained for the purpose of providing for its participants or their beneficiaries, through the purchase of insurance or otherwise, medical (including preferred provider organization, exclusive provider organization, and high deductible health plan coverages), dental, prescription, vision, short-term disability, long-term disability, life and accidental death and dismemberment, employee assistance, group legal services, wellness, cafeteria (including premium payment, health flexible spending account, and dependent care flexible spending account components), travel reimbursement, transportation, or other benefits in the event of sickness, accident, disability, death, or unemployment, vacation benefits, apprenticeship or other training programs, day care centers, scholarship funds, or prepaid legal services, including any such plan, fund, or program as defined in Section 3(1) of ERISA.

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

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

  • ERISA Plans has the meaning set forth in Section 3.21(a).

  • Seller Plans has 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.

  • Business Employees has the meaning set forth in Section 4.10(a).

  • New Plans shall have the meaning set forth in Section 5.11(b).

  • 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 Credit 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.

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

  • Pension Schemes means the Nord Anglia Joint Pension Scheme, the Wyburn School Limited Pension Life Assurance Scheme (1985) and the Lifetime Pension Scheme, and “Pension Scheme” means any one of them.

  • Parent Plans has the meaning set forth in Section 6.4(c).

  • Equity Plans meanss the stock option and incentive plans adopted and maintained by the Company from time to time.

  • Pension Scheme means a contract, an agreement, a trust deed or rules stipulating which retirement benefits are granted and under which conditions;