Retirement Benefit Plans. The Corporation shall cause the Executive to become fully vested in any qualified and non-qualified plans, programs or arrangements in which the Executive participated if the plan, program, or arrangement does not address the effect of a change in control. The Corporation also shall contribute or cause a Subsidiary to contribute to any account of the Executive under a 401(k) plan, retirement plan, or profit-sharing plan the matching and voluntary contributions, if any, that would have been made had the Executive's employment not terminated before the end of the plan year.
Retirement Benefit Plans. Factors stated hereinafter shall constitute the retirement benefit plans of the Corporation and shall be counted as a part of the cost of any salary agreement between the Board and the Association. The Board shall provide the following retirement plans for teachers:
Retirement Benefit Plans. The parties recognize that the Corporation’s benefit plans do not provide any benefit coverage for Retirees over the age of 65.
Retirement Benefit Plans. The Corporation shall cause the Executive to become fully vested in any qualified and non-qualified plans, programs or arrangements in which the Executive participated if the plan, program, or arrangement does not address the effect of a change in control. The Corporation also shall contribute or cause a Subsidiary to contribute to any account of the Executive under a 401(k) plan, retirement plan, or profit-sharing plan the matching and voluntary contributions, if any, that would have been made had the Executive's employment not terminated before the end of the plan year. In the event the Corporation is unable to fully vest the Executive in a qualified plan that does not address the effect of a change in control due to operation of law, the Executive will be paid in a single cash lump sum distribution the present value of the cash equivalent of the amount of benefits the Executive would have received if he were fully vested in such plan, with such payment made at the same time the cash severance is payable pursuant to Section 2(a)(1) of this Agreement.
Retirement Benefit Plans. The Executive shall be entitled to participate in all of the Company’s pension, retirement, thrift profit-sharing, 401(k), savings and similar plans, in accordance with the terms thereof, that permit participation by the Company’s U.S. executives or employee directors.
Retirement Benefit Plans. As of January 1, 2022, and upon ratification, the new 2285 members are covered under Articles XV and Article XVI of the current collective bargaining agreement.
Retirement Benefit Plans. (a) Retirement Income Plan of Sealright Co., Inc. ("RIP"). As of the Closing Date, each Flexible Employee shall be fully vested in his accrued benefit in the RIP and, in addition to all other distribution options available under the RIP, shall be permitted either to receive a lump sum distribution or to direct a rollover distribution of his accrued benefit.
Retirement Benefit Plans. (a) On or prior to the date hereof, XXXXXXX has provided XXXXXX with true, complete and accurate copies of all "employee benefit plans" (within the meaning of Section 3(2) of ERISA) in Schedule 3.10, which are stock bonus, pension or profit-sharing plans within the meaning of Section 401(a) of the Code. Each such plan has been duly authorized by XXXXXXX'x board of directors. Each such plan is qualified in form and operation under Section 401 (a) of the Code and each trust under each such plan is exempt from tax under Section 501(a) of the Code. No event has occurred that will or could give rise to disqualification or loss of tax exempt status of any such plan or trust under such Sections. No event has occurred that will or could subject any such plans to tax under Section 511 of the Code. Schedule 3.10 also lists all retainer, consulting, retirement, severance, welfare or incentive plans, agreements or arrangements as well as any plan, agreement or arrangement providing for "fringe benefits" or perquisites to employees, officers, directors or agents and all group insurance contracts maintained by it for its employees and former employees.
Retirement Benefit Plans. The Target Companies do not sponsor, maintain or contribute to, or have any liability, contingent or otherwise, with respect to any Retirement Plan, except those listed in Exhibit Part F, 2.
Retirement Benefit Plans. Pension and Other Postretirement Plans Several domestic subsidiaries have pension plans covering substantially all of their employees. These plans are noncontributory, defined benefit pension plans. The benefits to be paid under these plans are generally based on employees' retirement age and years of service. The companies' funding policies, subject to the minimum funding requirements of the applicable U.S. or foreign employee benefit and tax laws, are to contribute such amounts as determined on an actuarial basis to provide the plans with assets sufficient to meet the benefit obligations. Plan assets consist primarily of fixed income investments, corporate equities and government securities. The Company also provides certain health care and life insurance benefits for some of its retired employees.
