applicable recovery amount

Defined in 2 dictionaries — Case Law, U.S. Code

Definitions from Case Law

From 530 U.S. 238 - Harris Trust and Savings Bank As Trustee for the Ameritech Pension Trust v. Salomon Smith Barney Inc · 2000Most cited · 717 citing opinions

any amount which is recovered from a fiduciary or other person with respect to a breach or violation described in paragraph (1)

United States Code

29 U.S.C. § 1132 — under this subchapter (2 versions over time)

For purposes of paragraph (1), the term “applicable recovery amount” means any amount which is recovered from a fiduciary or other person with respect to a breach or violation described in paragraph (1)—

(A) pursuant to any settlement agreement with the Secretary, or

(B) ordered by a court to be paid by such fiduciary or other person to a plan or its participants and beneficiaries in a judicial proceeding instituted by the Secretary under subsection (a)(2) or (a)(5).