If Approved. The decision as to whether STD benefits will be granted is within the sole discretion of MPS. To begin receiving STD benefits, the employee must be considered totally disabled.
If Approved. If approved, the Subrecipient shall be required to follow procedures established by the State for processing a two-party check.
If Approved. Retirement Incentive (This is determined by State statue. Presently it is 3%). If it changes back to 6% or a higher percentage than 3%, this section will be renegotiated.
If Approved. If any of the Existing Projects becomes an Approved Project pursuant to approval by the Board, then all related Project documentation and materials delivered to EOP at least five business days prior to such approval or as part of the materials submitted to the EOPT Board of Trustees will be deemed to have been approved by Wilsxx xxx EOP, and to the extent covering the items described in SECTIONS 3.2.3.1-3.2.3.7, will constitute Project Approval Items deemed to have been approved by EOP and Wilsxx. Xx such event, the Company and EOP agree to cause the formation of the Project Entities for each of the Existing Projects that becomes an Approved Project within a reasonable time after such approval. Once the Project Entity and Owner for each such Existing Project that is so approved are formed, (i) the Wilsxx Xxxup and Company will use reasonable efforts to cause all of the rights and interests in such Existing Project then held or controlled by the Wilsxx Xxxup to be transferred to the Owner formed to hold such Project, and (ii) the EOP Group and the Company will use reasonable efforts to cause all of the rights and interests in such Existing Project then held or controlled by the EOP Group to be transferred to the Owner formed to hold such Project, each within a reasonable time after request by the Company but not later than the time of the commencement of demolition or other physical construction work on the Project. If any such transfer (or, if applicable, any transfer described in SECTION 3.7.1) is not reasonably practicable, then the Members shall reasonably cooperate to structure an arrangement substantially similar (including similar economic benefits to the Members and any EOP Investor including those described in SECTION 5.7.4, but excluding the specific circumstances of each such person (e.g. the taxes that such person might incur); provided, that to the extent it imposes no costs on the Members or any EOP Investor or any Affiliate thereof, such structure shall take account of the specific circumstances of the Members, the Wilsxx Xxxncipals and any EOP Investor) to that which would have been achieved by such a transfer.
