Define: Withdrawal Liability
What does "Withdrawal Liability" mean? The meaning differs based on the contract. We found 2 definitions across 6 companies in SEC filings.
Definition 1 (AMERICAN INTERNATIONAL GROUP, INC., seen in 5 filings)
Withdrawal Liability means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.
Source: AMERICAN INTERNATIONAL GROUP, INC. 10-Q
Definition 2 (DELTA AIR LINES, INC., seen in 1 filing)
Withdrawal Liability means the meaning given to such term under Part I of Subtitle E of Title IV of ERISA and shall include liability that results from either a complete or partial withdrawal.
Source: DELTA AIR LINES, INC. 10-K
Data extracted from 9 SEC EDGAR filings across 6 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.