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:
Sample 1Sample 2Sample 3
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.
Sample 1
UVB Valuation Date means the date on which UVBs are determined. This date is the plan’s funding valuation
Sample 1

Examples of UVB Valuation Date in a sentence

  • 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.

  • 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.

  • Plans with no vested Participants – Your plan qualifies for this exemption if the plan has no Participants with vested benefits as of the UVB Valuation Date.

  • In general, for 2021 the Variable-rate Premium is $xx per $1,000, or fraction thereof, of unfunded vested benefits as of the UVB Valuation Date, but no more than $yyy times the number of Participants (i.e., the MAP‑21 Cap).

  • 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 Premium 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).
Sample 1Sample 2

Related to UVB Valuation Date

  • MFP Valuation Date means the MFP Settlement Valuation Date;

  • ST Valuation Date means the Redemption Valuation Date.

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

  • Bid Valuation Date means January 15, 2010.

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

  • 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.

  • 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.

  • Annual Valuation Date means the Valuation Date each calendar year so designated by the Trust, commencing in the calendar year 2003.

  • Auto-Call Valuation Date means, in respect of an Index and subject to the Adjustment Provisions, each day specified as such in the definition of Auto-Call Trigger Level, or if any such day is not a Scheduled Trading Day for such Index, the next following Scheduled Trading Day in respect of such Index.

  • 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:

  • Valuation Date means the earliest of the following days:

  • 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.

  • Measurement Date has the meaning set forth in Section 3.3(a).