DB Plan definition

DB Plan shall have the meaning set forth in Section 6.15(g).
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DB Plan means the Master Retirement Plan of The Dun & Bradstreet Corporation.
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DB Plan. Means a defined benefit pension plan covering employees that are represented by the USW or the UAW.
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Examples of DB Plan in a sentence

  • Effective January 1, 2020, each participating employee shall contribute 7% of their compensation, as defined by the DB Plan.

  • The parties acknowledge and mutually agree that the 7% Employee contribution beginning in 2020 is intended to be the maximum Employee contribution for future years as a result of the agreement to close the DB Plan to new hires in 2020.

  • The Navy Group shall indemnify and hold harmless the Red Lion Group with respect to all Liabilities under, relating to, and in connection with the Navy U.S. DB Plan and the Navy U.S. DB Plan Trust.

  • From and after the Effective Time, the Navy Group shall retain all Liabilities under Navy’s Pool Company Retirement Income Plan (the “Navy U.S. DB Plan”) and all Assets held under the trust(s) associated with the Navy U.S. DB Plan (collectively, the “Navy U.S. DB Plan Trust”).

  • The Employer has no obligation to make any contributions to the 401(k) on behalf of Employees participating in and receiving a contribution under the DB Plan, or to any Employee with less than a .5 FTE status.


More Definitions of DB Plan

DB Plan as defined in Section 6.11(a).
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DB Plan means each Plan that is a defined benefit pension plan or which contains a defined benefit pension provision and is contributed to, or is required to be contributed to, by a Credit Party and that is or is required to be registered under the PBA.
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DB Plan. All eligible bargaining unit employees hired on or before February 29, 2020, shall participate in the Calhoun County Defined Benefit Pension Plan, as amended, unless the employee had previously made an authorized election not to participate in the plan. Employees hired after February 29, 2020, are not eligible for participation in the DB plan. Effective January 1, 2020, each participating employee shall contribute 7% of their compensation, as defined by the DB Plan. Normal retirement benefits shall be equal to 1% of final average compensation, multiplied by years of credited service (including any additional credited service purchased by the participant) for years ending before 2006; plus 2% of final average compensation, multiplied by years of credited service for years ending after 2005. Participating employees that had attained 30 years of service credit prior to January 1, 2006, will be eligible for a late retirement benefit calculation as defined under the Plan. The parties acknowledge and mutually agree that the 7% Employee contribution beginning in 2020 is intended to be the maximum Employee contribution for future years as a result of the agreement to close the DB Plan to new hires in 2020.
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DB Plan means the Public School Employees’ Retirement System.
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DB Plan means a defined benefits plan as described in Section 3(35) of ERISA. "Debtor-in-Possession Revolving Credit Agreement" means the Debtor-in-Possession Revolving Credit Agreement, dated as of April 3, 2001, among Republic, Republic's subsidiary guarantors that are a party thereto and the Bank Lenders, as supplemented or modified from time to time.
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DB Plan means each Plan that is a defined benefit pension plan or which contains a defined benefit pension provision and is contributed to, or is required to be contributed to, by a Credit Party and that is or is required to be registered under the PBA, provided for greater certainty that the WRAP Pension Plan shall not be considered a DB Plan under this Agreement until such time that the WRAP Pension Plan has been assumed by the Borrower in accordance with the applicable Pension Matters Documents.
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DB Plan means the funding method used in each of the Pension Plans subject to Title I, Subtitle B, Part 3 of ERISA.
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