The Accrued. Obligations in accordance with applicable law and the provisions of any applicable plan, program, policy or practice;
The Accrued. Benefits (as defined in the Amended and Restated Employment Agreement), payable within thirty (30) days following the Date of Termination.
The Accrued. Benefit of a Participant shall never be decreased by an amendment of the Plan, except an amendment described in Section 412(c)(8) of the Code and Section 302(c)(8) of ERISA. An amendment which has the effect of eliminating an optional form of benefit with respect to benefits attributable to service before the amendment shall be treated as decreasing the Accrued Benefit of a Participant except as otherwise provided by Treasury Regulations.
The Accrued. Dividend Holders and the Company, pursuant their entry into this Agreement, hereby exchange the full amount of the Accrued Dividends (held 57.6/42.4 by Monaco and Kxxxx, respectively) for Convertible Promissory Notes in the form of Exhibit A hereto, in the aggregate principal amount of $1,016,314 ($585,425 for Monaco and $430,889 for Kxxxx)(the “Convertible Notes”).
The Accrued. Benefit for each Participant in the Plan who has accrued benefits as of December 31, 1993, who has at least one Hour of Service with the Company in a Plan Year beginning after that date and whose Accrued Benefits were determined taking into account compensation that exceeded the annual compensation limit for any year, may be changed as set forth in this Section. A Participant's Accrued Benefit under the Plan shall be equal to the greater of:
The Accrued. Long Service Leave can be taken:
The Accrued ticking fees referred to in this Clause 11.1 (Ticking fee) are calculated on a daily basis and are payable within three Business Days of the earliest to occur of:
The Accrued. Paid Time Off with respect to the Hired Employees (but only to the extent Purchaser receives a credit towards the Purchase Price as described in Section 1.2(e), as such credit is initially determined pursuant to Section 1.2.2 and such credit is finally determined pursuant to Section 1.3); provided, however, if Seller or any affiliate of Seller satisfies any portion of such obligations and liabilities existing as of the Closing Date by payment to a Hired Employee (which satisfaction of such obligations and liabilities may only occur if Seller has obtained Purchaser's express consent, unless otherwise required by law, contract or the terms of the Seller Plans), then Purchaser shall reimburse Seller the amount of such payment at Closing;
The Accrued. Benefit payable to a former Participant or a Beneficiary shall be distributed in accordance with the following rules:
The Accrued. Benefit of a Participant who is a Noncollectively Bargained Employee shall become nonforfeitable when such Participant is credited with five (5) Years of Service in accordance with the provisions of Sections 3.02 and 3.03.
