Terms of Rabbi Trust Sample Clauses

Terms of Rabbi Trust. The assets of the rabbi trust shall be subject to the claims of general creditors in the event of a bankruptcy or insolvency under such terms that are specifically defined by the provisions of the rabbi trust and under a required procedure for notifying the trustee of any such bankruptcy or insolvency.
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Terms of Rabbi Trust. Distribution. The instrument governing the Rabbi Trust (hereinafter, the "Trust Instrument"), to the extent reasonably necessary to assure that SAIC's obligations with respect to the Inducement Stock Award will continue to be treated as "unfunded" for purposes of the Employee Retirement Income Security Act ("ERISA") and the Internal Revenue Code of 1986, as amended (the "Code"), shall provide that upon insolvency of SAIC the assets of the Rabbi Trust will be subject to the claims of SAIC's general creditors. The Trust Instrument shall provide that in other respects the assets of the Rabbi Trust will be maintained for the exclusive benefit of Officer and his beneficiaries, and will otherwise be subject to all fiduciary and other requirements of applicable state trust law. The Trust Instrument shall provide for the distribution of the Inducement Stock Award in accordance with its terms and conditions.
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Terms of Rabbi Trust. Distribution. The instrument governing the Rabbi Trust (hereinafter, the "Trust Instrument"), to the extent reasonably necessary to assure that SAIC's obligations with respect to the Inducement Stock Award will continue to be treated as "unfunded" for purposes of the Employee Retirement Income Security Act ("ERISA") and the Internal Revenue Code of 1986, as amended (the "Code"), shall provide that upon insolvency of SAIC the assets of the Rabbi Trust will be subject to the claims of SAIC's general creditors. The Trust Instrument shall provide that in other respects the assets of the Rabbi Trust attributable to the Inducement Stock Award will be maintained for the exclusive benefit of Officer and his beneficiaries, and will otherwise be subject to all fiduciary and other requirements of applicable state trust law. The Trust Instrument shall provide for the distribution of the Inducement Stock Award in accordance with its terms and conditions.
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Related to Terms of Rabbi Trust

  • Terms of Plan This Agreement is entered into pursuant to the Plan (a copy of which has been delivered to the Grantee). This Agreement is subject to all of the terms and provisions of the Plan, which are incorporated into this Agreement by reference, and the actions taken by the Committee pursuant to the Plan. In the event of a conflict between this Agreement and the Plan, the provisions of the Plan shall govern. All determinations by the Committee shall be in its sole discretion and shall be binding on the Company and the Grantee.

  • Terms of Repayment Principal of and interest on this Note shall be paid by the Borrower as follows:

  • Terms of Plan Govern Each Award made hereunder is made pursuant to the Norfolk Southern Corporation Long‑Term Incentive Plan (Plan), all the terms and conditions of which are deemed to be incorporated in this Agreement and which forms a part of this Agreement. The Participant agrees to be bound by all the terms and provisions of the Plan and by all determinations of the Committee thereunder. Capitalized terms used in this Agreement but not defined herein shall have the same meanings as in the Plan.

  • TERMS OF SETTLEMENT 26. The Respondent agrees to the following terms of settlement:

  • ADDITIONAL TERMS OF SETTLEMENT 22. This settlement is agreed upon in accordance with section 24.4 of MFDA By-law No. 1 and Rules 14 and 15 of the MFDA Rules of Procedure.

  • APPENDIX H Appendix H, Contractor’s Insurance Requirements, attached hereto, is hereby expressly made a part of this Contract as fully as if set forth at length herein. The Contractor shall maintain in force at all times during the terms of the resultant Contract, policies of insurance pursuant to the requirements outlined in Appendix H – Contractor’s Insurance Requirements.

  • Incorporation of Plan Terms The Option is granted subject to all of the applicable terms and provisions of the Plan, including, but not limited to, the limitations on the Company's obligation to deliver Optioned Shares upon exercise set forth in Section 9.1 (Violation of Law), Section 9.2 (Corporate Restrictions on Rights in Stock), Section 9.3 (Investment Representations) and Section 9.7 (Tax Withholding).

  • Terms of Sale The Purchase Price for all Partnership Interests purchased pursuant to Section 8.5 or Section 8.6 shall be paid at the Closing in immediately available United States funds; provided, however:

  • Terms of Notes The following terms relating to the Notes are hereby established:

  • TERMS OF CONTRACT 1.1 The Contractor shall provide the Authority with the Goods and/or Services in accordance with the terms and conditions of this Contract which shall comprise of all of the documents set out below in paragraph 1.2 (as the same may be supplemented or varied from time to time).

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