Benefits Commitment Sample Clauses

Benefits Commitment. If, at any time during a period of ten years commencing on October 19, 2018, the Plans’ Trust becomes insufficient to pay benefits as they are then due and SSM still sponsors the Plans, SSM will contribute sufficient funds to the Plans to pay the Accrued Retirement Benefit, as defined by the Plans, payable to each participant under the terms of the Plan(s) as they are then due during the ten-year period. SSM Health may terminate and/or annuitize some or all benefits provided by any of the Plans as long as there are sufficient assets to pay the Accrued Retirement Benefit(s) of the participants.
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Benefits Commitment. For a period of seven years after the Settlement Agreement becomes Final, if the Plan’s trust fund becomes insufficient to pay benefits as they are due, Defendants will make contributions to the trust fund sufficient to pay participants’ accrued benefits as defined by the terms of the Plan as benefits become due.
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Benefits Commitment. For the period commencing on January 1, 2015 through June 30, 2022, Ascension Health Alliance will guarantee the Plans have sufficient funds to pay participants the level of benefit stated in the Plans.
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Benefits Commitment. If the Plan’s trust is ever insufficient to pay benefits as they are due, Providence, and any successor to Providence, will contribute sufficient funds to pay the vested benefits payable to participants under the terms of the Plan as they are due.
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Benefits Commitment. For a period of fifteen (15) years commencing on the Effective Date of the Settlement, and provided that the Plan continues to be maintained and established by MLBH, the Plan will pay the accrued benefits payable to Participants under the terms of the Plan. However, the Plan Sponsor may terminate and/or annuitize some or all benefits provided by the Plan provided there are sufficient assets in the Plan to meet the accrued benefits (as defined by the Plan), earned by Participants at the time of Plan termination. Should the Plan be unable to pay the accrued benefits specified in this Paragraph, MLBH will guarantee those benefit payments for a period of fifteen (15) years commencing on the Effective Date of Settlement.
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Benefits Commitment. For a period of nine (9) years commencing on the date when the Settlement has become final and non-appealable (“Effective Date of Settlement”), should the Plans be unable to pay the accrued benefits due to the Settlement Class Members, Mercy Health will guarantee, and cause any successor of Mercy Health to guarantee, that the trust funds of the respective Plans shall have sufficient funds to pay such then accrued benefits. If the Plans are merged with or into another plan during the aforementioned nine (9) year time period, the Plans’ participants will be entitled to the same (or greater) benefits post-merger as they enjoyed before the merger.
Sample 1
Benefits Commitment. As provided in § 9.4, below, Defendants will make all contributions that are required under the Plan Document as amended by this Settlement. If Defendants terminate the Plan within eight (8) years commencing on the Effective Date of Settlement, Defendants agree that, when the final distribution of assets occurs, the Defendants will have made contributions sufficient to pay benefit liabilities determined as of the termination date in accordance with the terms of the Plan. In distributing such assets, Defendants agree that the Plan administrator shall—(i) purchase irrevocable commitments from an insurer rated at least AA- by Standard & Poor or A+ by A. M. Best to provide all benefit liabilities under the Plan, or
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Related to Benefits Commitment

  • STAFF COMMITMENT 23. If this Settlement Agreement is accepted by the Hearing Panel, Staff will not initiate any proceeding under the By-laws of the MFDA against the Respondent in respect of the facts set out in Part IV and the contraventions described in Part V of this Settlement Agreement, subject to the provisions of Part IX below. Nothing in this Settlement Agreement precludes Staff from investigating or initiating proceedings in respect of any facts and contraventions that are not set out in Parts IV and V of this Settlement Agreement or in respect of conduct that occurred outside the specified date ranges of the facts and contraventions set out in Parts IV and V, whether known or unknown at the time of settlement. Furthermore, nothing in this Settlement Agreement shall relieve the Respondent from fulfilling any continuing regulatory obligations.

  • Employer Commitments It is agreed that the institution will make every reasonable attempt to minimize the impact of funding shortfalls and reductions on the work force. It is incumbent upon institutions to communicate effectively with their employees and the unions representing those employees as soon as the impact of any funding reduction or shortfall or profile change has been assessed. If a work force reduction is necessary, the Joint Labour Management Committee will canvas employees in a targeted area or other areas over a fourteen (14) day period, or such longer time as the Joint Labour Management Committee agrees, to find volunteer solutions that provide as many viable options as possible and minimize potential layoffs. Subject to any agreement that the Joint Labour Management Committee may make to extend the period of a canvass, such canvasses shall take place either: • prior to the issuance of lay-off notice to employees under the local agreement, or • by no later than fourteen (14) calendar days following the annual deadline for notice of non-renewal or layoff where a local provision provides for such a deadline, whichever date is later. The union shall be provided with a copy of each final plan for employee labour adjustment.

  • Service Commitment Newly hired nurses and currently employed nurses who voluntarily choose to relocate and receive a relocation allowance may be required to serve for a minimum of two years at their base before they will be considered for transfer to another base. This commitment will not apply when the employer and nurse mutually agree to waive it and when relocation occurs as a result of layoff/rehire.

  • Time Commitment The Advisor shall, and shall cause its Affiliates and their respective employees, officers and agents to, devote to the Company such time as shall be reasonably necessary to conduct the business and affairs of the Company in an appropriate manner consistent with the terms of this Agreement. The Company acknowledges that the Advisor and its Affiliates and their respective employees, officers and agents may also engage in activities unrelated to the Company and may provide services to Persons other than the Company or any of its Affiliates.

  • Commitment Within 20 days after the Title Company receives a copy of this contract, Seller shall furnish to Buyer a commitment for title insurance (Commitment) and, at Buyer's expense, legible copies of restrictive covenants and documents evidencing exceptions in the Commitment (Exception Documents) other than the standard printed exceptions. Seller authorizes the Title Company to deliver the Commitment and Exception Documents to Buyer at Buyer's address shown in Paragraph 21. If the Commitment and Exception Documents are not delivered to Buyer within the specified time, the time for delivery will be automatically extended up to 15 days or 3 days before the Closing Date, whichever is earlier. If the Commitment and Exception Documents are not delivered within the time required, Buyer may terminate this contract and the xxxxxxx money will be refunded to Buyer.

  • Additional Commitments The Parties may negotiate commitments with respect to measures affecting trade in services not subject to scheduling under Article 106 (National Treatment) or Article 107 (Market Access), including those regarding qualifications, standards or licensing matters. Such commitments shall be inscribed in a Party's Schedule.

  • NO EXTRA CLAIMS COMMITMENT During the life of this agreement the parties agree and are therefore bound not to pursue any additional claims. It is agreed that up to the nominal expiry date of this agreement:

  • Reformulation Commitment As of the Effective Date, Xxx X’Xxxx shall not manufacture, import, distribute, sell or offer the Products for sale in the State of California unless they are Reformulated Products pursuant to Section 2.1 above or carry the Proposition 65 warnings specified in Section 2.3 below.

  • Service Level Commitment IBM provides the following service level commitment (“SLA”) for the Cloud Service, after IBM makes the Cloud Service available to you.

  • DVBE Commitment This section is applicable if Contractor received a disabled veteran business enterprise (“DVBE”) incentive in connection with this Agreement. Contractor’s failure to meet the DVBE commitment set forth in its bid or proposal constitutes a breach of the Agreement. If Contractor used DVBE subcontractor(s) in connection with this Agreement: (i) Contractor must use the DVBE subcontractors identified in its bid or proposal, unless the JBE approves in writing replacement by another DVBE subcontractor in accordance with the terms of this Agreement; and (ii) Contractor must complete and return to the JBE a post-contract certification form promptly upon completion of the awarded contract, and by no later than the date of submission of Contractor’s final invoice to the JBE. (The post-contract certification form is located at: xxxxx://xxx.xxxxxx.xx.xxx/documents/JBCM-Post- Contract-Certification-Form.docx) If the Contractor fails to do so, the JBE will withhold $10,000 from the final payment, or withhold the full payment if it is less than $10,000, until the Contractor submits a complete and accurate post-contract certification form. The JBE shall allow the Contractor to cure the deficiency after written notice of the Contractor’s failure to complete and submit an accurate post- contract certification form. Notwithstanding the foregoing and any other law, if after at least 15 calendar days, but no more than 30 calendar days, from the date of the written notice the Contractor refuses to comply with these certification requirements, the JBE shall permanently deduct $10,000 from the final payment, or the full payment if less than $10,000. The post-contract certification form shall include: (1) the total amount of money Contractor received under the Agreement, (2) the total amount of money and the percentage of work that Contractor committed to provide to each DVBE subcontractor; (3) the name and address of each DVBE subcontractor to which Contractor subcontracted work in connection with the Agreement; (4) the amount of money each DVBE subcontractor actually received from Contractor in connection with the Agreement, and the corresponding percentage this payment comprises of the total amount of money Contractor received under the Agreement; and (5) that all payments under the Agreement have been made to the applicable DVBE subcontractors. Upon request by the JBE, Contractor shall provide proof of payment for the work. A person or entity that knowingly provides false information shall be subject to a civil penalty for each violation. Contractor will comply with all rules, regulations, ordinances and statutes that govern the DVBE program, including, without limitation, Military and Veterans Code section 999.5.

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