Actuarial Calculations Clause Samples
The Actuarial Calculations clause defines how financial values, such as premiums, reserves, or benefits, are determined using actuarial methods and principles. Typically, this clause specifies that calculations must be performed by a qualified actuary, following recognized standards and using agreed-upon assumptions like mortality rates or interest rates. Its core practical function is to ensure that all parties rely on consistent, expert-driven calculations, thereby reducing disputes and providing transparency in financial assessments.
Actuarial Calculations. All required actuarial calculations of payments to be made hereunder shall be made by ▇▇▇▇▇▇ ▇▇▇▇▇ Worldwide, New York, New York, or such other actuarial firm as the Company may designate prior to a Change of Control.
Actuarial Calculations. All required actuarial calculations of ----------------------- payments to be made hereunder and of annuities to be purchased pursuant to Section 5 hereof shall be made by Watson Wyatt Worldwide, New York, New York, or such other natio▇▇▇ ▇▇▇▇▇▇▇▇l firm as the Company or Holdings may designate prior to a Change of Control.
Actuarial Calculations. All required actuarial calculations ---------------------- of payments to be made hereunder shall be made by Watson Wyatt Worldwide, New York, New York, or such other actuarial firm as the Company may designate prior to a Change of Control.
Actuarial Calculations. Whenever it shall be necessary or appropriate to make an actuarial calculation under this Agreement the same actuarial factors, assumptions and procedures shall be followed as are used under the Qualified Plan.
Actuarial Calculations. All required actuarial calculations of payments to be made hereunder and of annuities to be purchased pursuant to Section 5 hereof shall be made by ▇▇▇▇▇▇ ▇▇▇▇▇ Worldwide, New York, New York, or such other national actuarial firm as the Company or Holdings may designate prior to a Change of Control.
Actuarial Calculations. Hewitt Associates (or if it is unable or declines to act, such ▇▇▇▇▇ nationally recognized benefits consulting firm as Company may designate) shall calculate the Full Monthly Benefit or Reduced Monthly Benefit, as applicable and the present value of such annuity in connection with the establishment of the rabbi trust referred to in Section 7, and such calculations shall be binding and conclusive on the parties. In calculating the foregoing amounts, Hewitt Associates or other benefits consulting firm shall use ▇▇ ▇% annual interest rate, the 1983 Group Annuity Mortality Table and such other actuarial assumptions as may be necessary in the sole discretion of Hewitt Associates or such other benefits consulting firm.
Actuarial Calculations. Except as otherwise required by Applicable Law, the amount of the pension obligations to be determined under this Exhibit D shall be made using the same assumptions and procedures used in calculating the PBO liability in determining the Final Net Tangible Asset Amount in accordance with Attachment XVIII.