Transfer of Pension Funds Sample Clauses

Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees' Retirement System transfers annuity and pension funds to either the State Retirement System or Teachers' Retirement System, the Board agrees to contact affected employees to notify them of executing an authorization and/or release for such transfer. Prior to and after the employee's annuity and pension funds have been transferred to either the State Retirement System or Teachers' Retirement System, the Employees' Retirement System shall provide each affected employee with a financial statement regarding his respective annuity and pension funds. Until this authorization and/or release is fully executed, the member shall remain in the Employees' Retirement System without loss of benefits.
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Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees' Retire- ment System transfers annuity and pension funds to either the State Retirement System or Teachers' Retirement System, the Board agrees to contact af- fected employees to notify them of executing an au- thorization and/or release for such transfer. Prior to and after the employee's annuity and pension funds have been transferred to either the State Retire- ment System or Teachers' Retirement System, the Employees' Retirement System shall provide each affected employee with a financial statement regard- ing his respective annuity and pension funds. Until this authorization and/or release is fully executed, the member shall remain in the Employees' Retire- ment System without loss of benefits.
Sample 1See All (4)
Transfer of Pension Funds. As and when Buyer Service Co employs any Employee or group of Employees, Buyer shall give Seller not less than ten (10) days’ written notice of the date on which such employment is to take effect (the “Employment Date”), which notice shall contain the specific names of the Employees to be employed by Buyer Service Co. No later than one day after the Employment Date, Seller shall cause the aggregate sum of the Pension Funds attributable to such Employee or group of Employees (calculated in accordance with the criteria and formula set forth on Schedule 12.4(a) hereto), free and clear of any reductions or withholding whatsoever, to be transferred from the Pension Plan of those Employees to the trustee or administrator of Buyer Service Co’s Pension Plan by wire transfer to the account maintained for Buyer Service Co’s Pension Plan. No tranfer of Pension Funds will be made with regard to an Employee until that Employee has actually been employed by Buyer Service Co.
Sample 1
Transfer of Pension Funds. Employee Authoriza- tion and Release - In cases where the Employees’ Retirement System transfers annuity and pension funds to either the State Retirement System or Teachers’ Retirement System, the Board agrees to contact affected employees to notify them of executing an authorization and/or release for such transfer. Prior to and after the employee’s annuity and pension funds have been trans- ferred to either the State Retirement System or Teach- ers’ Retirement System, the Employees’ Retirement System shall provide each affected employee with a financial statement regarding his respective annuity and pension funds. Until this authorization and/or release is fully executed, the member shall remain in the Employ- ees’ Retirement System without loss of benefits.
Sample 1

Related to Transfer of Pension Funds

  • Transfer of Funds From such funds as may be available for the purpose in the relevant Fund Custody Account, and upon receipt of Proper Instructions specifying that the funds are required to redeem Shares of the Fund, the Custodian shall wire each amount specified in such Proper Instructions to or through such bank or broker-dealer as the Trust may designate.

  • General Provisions Regarding Accounts 44 SECTION 8.04. Release of Trust Estate..................................................................45 SECTION 8.05.

  • Transfer of Personal Data The Participant authorizes, agrees and unambiguously consents to the transmission by the Company (or any Subsidiary) of any personal data information related to the Option awarded under this Agreement for legitimate business purposes (including, without limitation, the administration of the Plan). This authorization and consent is freely given by the Participant.

  • Transfer of Notes (a) Each Holder may Transfer up to 49% (in the aggregate) of its beneficial interest in its Note whether or not the related transferee is a Qualified Transferee without a Rating Agency Confirmation. Each Holder shall not Transfer more than 49% (in the aggregate) of its beneficial interest in its Note unless (i) prior to a Securitization of any Note, the other Holder has consented to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee” for all purposes under this Agreement, (ii) after a Securitization of any Note, a Rating Agency Confirmation has been received with respect to such Transfer, in which case the related transferee shall thereafter be deemed to be a “Qualified Transferee” for all purposes under this Agreement, (iii) such Transfer is to a Qualified Transferee, or (iv) such Transfer is in connection with a sale by a Securitization trust. Any such transferee must assume in writing the obligations of the transferring Holder hereunder and agree to be bound by the terms and provisions of this Agreement and the Servicing Agreement. Such proposed transferee (except in the case of Transfers that are made in connection with a Securitization) shall also remake each of the representations and warranties contained herein for the benefit of the other Holder. Notwithstanding the foregoing, without the non-transferring Holder’s prior consent (which will not be unreasonably withheld), and, if such non-transferring Holder’s Note is in a Securitization, without a Rating Agency Confirmation from each Rating Agency that has been engaged by the Depositor to rate the securities issued in connection with such Securitization, no Holder shall Transfer all or any portion of its Note to the Borrower or an Affiliate of the Borrower and any such Transfer shall be absolutely null and void and shall vest no rights in the purported transferee.

  • Transfer of Agreement 9.1 Unless with the prior consent from the Pledgee, the Pledgor has no right to grant or transfer any of his rights and obligations hereunder.

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