UVB Valuation Date definition

UVB Valuation Date means the date on which UVBs are determined. This date is the plan’s funding valuation date determined in accordance with ERISA section 303(g)(2) for:
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UVB Valuation Date means the date on which UVBs are determined. This date is the plan’s funding valuation date determined in accordance with ERISA section 303(g)(2) for:In the case of a plan using the Lookback Rule, the Lookback Year, orIn the case of any other plan, the Premium Payment Year. ”UVBs” means unfunded vested benefits, the term used to describe the underfunding measure on which the Variable-rate Premium is based.
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UVB Valuation Date means the date on which UVBs are determined. This date is the plan’s funding valuation
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Examples of UVB Valuation Date in a sentence

  • Regardless of whether the Lookback Rule applies, this date is called the UVB Valuation Date to distinguish it from the Participant Count Date (see “How to Count Participants” section).So, for plans using the Lookback Rule, the UVB Valuation Date is the valuation date used to determine the minimum required contribution (i.e., “the funding valuation date”) for the Lookback Year.

  • Below are the tests that could be carried out for the benefit of the material standarisation.

  • For all other plans, the UVB Valuation Date is the funding valuation date for the Premium Payment Year.ExamplesThe following examples illustrate these rules:Example 1 – Plan A, a calendar year plan, is not a Small Plan and therefore, in accordance with ERISA 303 must have a beginning of year valuation date.

  • The QPSA is considered vested, and its value is included in the Premium Funding Target, for each Participant who, on the UVB Valuation Date, has five years of service and is thus eligible for the QPSA.

  • The temporary supplement is considered vested, and its value is included in the Premium Funding Target, for each Participant who, on the UVB Valuation Date, is at least 55 but less than 62, and thus eligible for the supplement.

  • The calculation is unaffected by the fact that the plan could be amended to remove the supplement after the UVB Valuation Date.

  • For all other plans, the UVB Valuation Date is the funding valuation date for the Premium Payment Year.

  • This can happen only if the UVB Valuation Date is after the beginning of the plan year.

  • Independence of the Judiciary As to the Judiciary, judicial appointments are made on the basis of recommendations by an independent Commission.

  • This rule applies even if the New Plan was created as the result of a mid-year spinoff from another plan.To accommodate such plans, the due date for New and Newly Covered Plans is the latest of: The Normal Due Date, 90 days after the date of the plan’s adoption, 90 days after the date on which the plan became covered by Title IV of ERISA, or In the case of a Small Plan that is also a Continuation Plan, 90 days after the UVB Valuation Date.


More Definitions of UVB Valuation Date

UVB Valuation Date means the plan’s funding valuation date for the Premium Payment Year determined in accordance with ERISA section 303(g)(2).
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Related to UVB Valuation Date

  • MFP Valuation Date means the MFP Settlement Valuation Date;

  • ST Valuation Date means the Redemption Valuation Date.

  • FX Valuation Date means the FX Calculation Date immediately following the respective Valuation Date.

  • SPS Valuation Date means the SPS FR Barrier Valuation Date or the Strike Date, as applicable.

  • Final Valuation Date means the Final Valuation Date as specified in § 1 of the Product and Underlying Data. If the Final Valuation Date is not a Calculation Date the immediately following Banking Day which is a Calculation Date shall be the Final Valuation Date.

  • Interest Valuation Date means each date set out in the table below in the column entitled “Interest Valuation Dates”.

  • Scheduled Valuation Date means any original date that, but for the occurrence of an event causing a Disrupted Day, would have been a Valuation Date.

  • MCE Valuation Period means, subject to any extension (as described in further detail in the Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange; and

  • Initial Valuation Date means the Issue Date, provided that if such day is not an Exchange Business Day for a Share then the Initial Valuation Date for that Share will be the first succeeding day that is an Exchange Business Day, subject to the occurrence of a Market Disruption Event. See “DESCRIPTION OF THE NOTES – Market Disruption Event” below for further detail.

  • Coupon Valuation Date means the 30th of March, June, September and December of each calendar year during the term of the Securities, commencing September 30, 2010, or if such date is not an Index Business Day, then the first Index Business Day following such date, provided that the final Coupon Valuation Date will be the Calculation Date, subject to adjustment as provided under Section 3 hereof.

  • Exercise Valuation Date means the first Scheduled Trading Day of the month following the expiry of 35 calendar days after the Exercise Date. For the avoidance of doubt, the 35 calendar day period is mandatory and non-waivable by either the Issuer or the Holder.

  • SPS Redemption Valuation Date means the Settlement Price Date.

  • Non-Disrupted Valuation Date means a Valuation Date which is not a "Disrupted Day". “Normal Exposure” means a +1x exposure to the Reference Asset.

  • Excess valuation assets for a valuation period means, with

  • Valuation Date means each Local Business Day.

  • Valuation Time means the close of business in the city of the Valuation Agent on the Local Business Day before the Valuation Date or date of calculation, as applicable, provided that the calculations of Value and Exposure will be made as of approximately the same time on the same date.

  • Approved Valuation Firm means (a) each of (i) Xxxxxxxx Xxxxx Xxxxxx & Xxxxx, (ii) Lincoln International LLC (f/k/a Lincoln Partners LLC), (iii) Duff & Xxxxxx Corp. and (iv) Valuation Research Corporation, and (b) any other nationally recognized valuation firm approved by each of the Borrower and the Administrative Agent in their sole reasonable discretion.

  • Measurement Date means the most recent Payment Date specified in the first column of the Cumulative Net Loss Rate Table.