Calculation of Transfer Amount. The Authority shall use reasonable endeavours to procure that twenty (20) Business Days after the Transfer Option Deadline, the Transfer Amount is calculated by the Third Party’s Actuary or the Authority’s Actuary (as appropriate) on the following basis and notified to the Supplier along with any appropriate underlying methodology. If the Third Party offers a Broadly Comparable scheme to Eligible Employees: the part of the Transfer Amount which relates to benefits accrued in that Broadly Comparable scheme other than those in Clause 1.6.2(ii) of Part D of this Schedule 7 below must be aligned to the funding requirements of that scheme; and the part of the Transfer Amount which relates to benefits accrued in the NHS Pension Scheme (having been previously bulk transferred into the Third Party’s Broadly Comparable scheme), must be aligned to whichever of: the funding requirements of the Third Party’s Broadly Comparable scheme; or the principles under which the Third Party’s Broadly Comparable scheme received a bulk transfer payment from the NHS Pension Scheme (together with any shortfall payment), gives the higher figure, provided that where the principles require the assumptions to be determined as at a particular date, that date shall be the Employee Transfer Date. In the case of Transferring Employees or any Third Party Employees who have access to the NHS Pension Scheme (and who are classed as Eligible Employees), the Transfer Amount shall be calculated by the NHS Pension Scheme’s Actuary on the basis applicable for bulk transfer terms from the NHS Pension Scheme set by the Department of Health from time to time. Each Party shall promptly provide to the Actuary calculating or verifying the Transfer Amount any documentation and information which that Actuary may reasonably require.
Calculation of Transfer Amount. If TDCC exercises the Pension Election, then within 120 days following the date of this Agreement, Dow shall cause its actuary (“Dow’s Actuary”) to certify, in accordance with the requirements of ERISA and the Code, to an actuary designated by Parent (the “Parent’s Actuary”) an amount of assets to be transferred by TDCC and liabilities to be assumed by the Parent’s DB Plan in respect of the U.S. DB Plans with effect as of the Closing Date, which represents the assets and liabilities related to the accrued benefits pursuant to the written terms of the U.S. DB Plans of such U.S. Transferred Employees and the Transferred U.S. Union Employees, plus an additional amount related to the accrued benefits pursuant to the written terms of the U.S. DB Plans of certain former employees of the Business who are not in pay status as of the Closing Date (the “Former Employees”) (collectively, the “Assumed Pension Liability”). The amount of assets to be transferred to the Parent’s DB Plan (the “Transfer Amount”) shall be the amount determined under the plan spin-off allocation procedures of Section 414(l) of the Code using the actuarial assumptions and methodology deemed reasonable by Dow, subject to any requirements under such Section of the Code and ERISA. For purposes of this Section 2.03(c), the fair market value of the assets of the U.S. DB Plans shall be based on actual market values as of the Closing Date.
Calculation of Transfer Amount. The Buyer shall provide to TXUEG any documents and information which is reasonably required for the calculation of the Transfer Amount. TXUEG's Actuary will calculate the Transfer Amount as soon as reasonably practicable and in any event within two months following the Joining Date or two months following receipt of the documents and information required for the calculation of the Transfer Amount if later. As soon as reasonably practicable and in any event within 14 days after TXUEG's Actuary has calculated the Transfer Amount (excluding the amount of the interest and Investment Adjustment but including particulars of the manner in which they are to be calculated) TXUEG will notify the Buyer of the result of that calculation and supply to the Buyer's Actuary particulars of the calculation and the data on which it is based which he reasonably requires to enable him to check that the calculation is mathematically correct and made in accordance with the provisions of this schedule. The Buyer's Actuary has one month from the date on which those particulars and data have been supplied to him in which he may raise any objection that the calculation is incorrect. The calculation will be final and binding on TXUEG and the Buyer on the later of:
Calculation of Transfer Amount. At the time that Xxxx develops a preliminary estimate of Baseline Flows and provides it to DWR, Yuba also will develop and provide to DWR a preliminary release schedule and forecast of daily Released Transfer Water. Yuba will update the release schedule and resulting forecast of daily Released Transfer Water no less than once per month, unless an alternate time period is agreed to by the Parties. Within fourteen days after the end of each month, Xxxx will calculate a draft final Transfer Accounting under Section
Calculation of Transfer Amount. 1.6.1 The Authority shall use reasonable endeavours to procure that twenty (20) Business Days after the Transfer Option Deadline, the Transfer Amount is calculated by the Third Party’s Actuary or the Authority’s Actuary (as appropriate) on the following basis and notified to the Supplier along with any appropriate underlying methodology.
Calculation of Transfer Amount. This paragraph shall apply as regards the calculations of the Unadjusted Transfer Amount and the Transfer Amount referred to in paragraph 5.1(a) of Part 1B of this Schedule.
Calculation of Transfer Amount. Within one month after the Membership Transfer Date the Purchaser and Seller shall provide to each other any documents and information which is reasonably required for the calculation and checking of the Transfer Amount by the C&W Actuary and the Purchaser's Actuary. Within 2 months of receiving this information the C&W Actuary shall calculate the unadjusted Transfer Amount. As soon as reasonably practicable after the C&W Actuary has calculated the unadjusted Transfer Amount the Seller will notify the Purchaser of the result of that calculation. Within 21 days after that notification the Purchaser's Actuary may request the C&W Actuary to supply to him particulars of the calculation and the data on which it is based which he reasonably requires to enable him to check that the calculation is correct. The Purchaser's Actuary has 6 weeks from the date on which those particulars and data have been supplied to him (or, if he has made no request for any of those particulars and/or data within the 21 day period mentioned above, from the date of notification by the Seller of the result of the calculation) in which he may raise any objection that the calculation is incorrect. The calculation will be final and binding on the Seller and the Purchaser on the later of:
Calculation of Transfer Amount. (A) The Purchaser will provide the Seller promptly with the documents and information necessary for the calculation of the unadjusted Transfer Amount and both the Seller and the Purchaser will answer any questions which the Seller's Actuary may reasonably have on the documents and information provided. The Seller will procure that the Seller's Actuary will calculate the Transfer Amount within 6 weeks of receiving those documents, information and answers. The unadjusted Transfer Amount shall be calculated in accordance with the Actuary's Letter. Any liability which there may be in respect of any difference as between a man and a woman relating to the guaranteed minimum pension shall not be included in the calculation. If any Consenting Member has more than one period of Pensionable Service any period before the last (the "previous periods") is ignored in that calculation but the unadjusted Transfer Amount includes the cash equivalents at Completion of the benefits (as set out in the Rules) which have accrued in respect of those Consenting Members for the previous periods. The Transfer Amount shall be the unadjusted Transfer Amount adjusted in line with the Investment Adjustment in accordance with the Actuary's letter. In calculating the Transfer Amount any benefits under the Seller's Scheme which are attributable to AVCs paid by the Consenting Members and in respect of which the Consenting Members are not entitled to benefits based on their final pensionable earnings, and the AVCs themselves, are disregarded.
Calculation of Transfer Amount. In relation to each Employee who is a member of the Vendor's Fund, as soon as practicable after the Completion Date, the Vendor must use its reasonable endeavours to procure the trustee of the Vendor's Fund to calculate the Transfer Amount of that Employee in accordance with the governing rules of the Vendor's Fund.
Calculation of Transfer Amount. 6.1 The Vendors will instruct the Vendors' Actuary to calculate the Transfer Amount on the basis of the method and assumptions set out in the Actuary's Letter.
