Proposed Plan. Life - 2 X Annual Salary to age 70 Accidental Death & Dismemberment (AD&D) - 2 X annual salary Long Term Disability (LTD) - No Coverage Extended Health & Dental - Same as pre-65 coverage • ODB first payer • Annual $100 deductible in ODB plan paid for member only Sick Leave - 18 days per year accruing at 1.5 days per month. Maximum accrued bank of 60 days. No payout gratuity. Top-Up Bank - A nurse hired prior to January 1, 2000 who may have top-up bank entitlement, i.e. 10% of existing top-up bank will be paid out at age 65, based on the terms of the collective agreement
Proposed Plan. In addition, the REMIC Administrator shall (to the extent reasonably possible) advise the Special Servicer of the estimated amount of taxes that the Trust Fund would be required to pay with respect to each such source of income. After receiving the information described in the two preceding sentences from the REMIC Administrator, the Special Servicer shall either (A) implement the Proposed Plan (after acquiring the respective Mortgaged Property as REO Property) or (B) manage and operate such property in a manner that would not result in the imposition of an REO Tax on the income derived from such property. All of the REMIC Administrator's expenses (including any fees and expenses of counsel or other experts reasonably retained by it) incurred pursuant to this section shall be reimbursed to it from the Trust Fund in accordance with Section 10.01(f). The Special Servicer's decision as to how each REO Property shall be managed and operated shall be based on the Servicing Standard and in any case on the good faith and reasonable judgment of the Special Servicer as to which means would be in the best interest of the Certificateholders by maximizing (to the extent commercially feasible and consistent with Section 3.17(b)) the net after-tax REO Revenues received by the Trust Fund with respect to such property and, to the extent consistent with the foregoing, in the same manner as would prudent mortgage loan servicers and asset managers operating acquired mortgaged property comparable to the respective Mortgaged Property. Both the Special Servicer and the REMIC Administrator may, at the expense of the Trust Fund payable pursuant to Section 3.05(a)(xiii) consult with counsel.
Proposed Plan. 42 Prospectus....................................................................42 PTCE 95-60....................................................................42
Proposed Plan. 1) Prior to the Share Exchange Agreement (hereinafter referred to SEA) being furnished by TENP to FTS, both parties require that they be extended a maximum of a 2 week period, of which no extension shall be granted by or to either party, to conduct a formal due diligence review of each entities corporate and financial records.