Examples of ARCO CAP in a sentence
Buyer will credit Transferred Employees' prior service with Seller and its Affiliates for all purposes under the Buyer Savings Plan, including any matching schedules, and all Transferred Employees vested in the ARCO CAP shall vest in the Buyer's Savings Plan upon hire regardless of years of service.
Appendix 16.3 (i) sets forth special provisions which apply to the merger of CH-20 CAP and Vastar CAP into the Plan and which reflect the transfer of certain liabilities and assets from ARCO CAP to the Plan as of the Effective Date, and (ii) may set forth such special provisions as may apply to any other merger, consolidation or transfer of assets and liabilities.
Buyer will permit each of the Transferred Employees at his or her option to transfer his or her ARCO CAP accounts as provided under Section 414(l) of the Code to the Buyer Savings Plan pursuant to a trust-to-trust transfer as soon as administratively possible after the end of the Seconding Period, and to transfer any outstanding loan balances to the Buyer Savings Plan under terms and conditions established by the Buyer Savings Plan.
A Participant may have only 2 loans outstanding from the Plan at any time; provided, however, that (i) any loan granted under ARCO CAP, CH-20 CAP or Vastar CAP, whichever is applicable, and outstanding as of the Effective Date, will remain outstanding until fully repaid by the Participant, subject to the terms and conditions of this Article VIII, and (ii) additional loans may be granted to the Participant under the Plan, but not in excess of the maximum number of loans set forth above.
Each person who was a participant with an accrued benefit in the Plan, ARCO CAP, CH-20 CAP or Vastar CAP immediately before the Effective Date will continue as a Participant as of the Effective Date, except as provided in Supplement A of Appendix 16.3.
Seller will provide Buyer with information for Transferred Employees verifying the service recognized under the ARCO CAP.
Appendix 16.3 (i) sets forth special provisions which apply to the merger of CH-20 CAP and Vastar CAP into the Plan and which reflect the transfer of certain liabilities and assets from ARCO CAP to the Plan as of January 1, 2002, and (ii) may set forth such special provisions as may apply to any other merger, consolidation, or transfer of assets and liabilities.
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A Participant may have only 2 loans outstanding from the Plan at any time; provided, however, that (i) any loan granted under ARCO CAP, CH-20 CAP, or Vastar CAP, whichever is applicable, and outstanding as of January 1, 2002, will remain outstanding until fully repaid by the Participant, subject to the terms and conditions of this Article VIII, and (ii) additional loans may be granted to the Participant under the Plan, but not in excess of the maximum number of loans set forth above.
Appendix B (i) sets forth special provisions which apply to the merger of CH-20 CAP and Vastar CAP into the Plan and which reflect the transfer of certain liabilities and assets from ARCO CAP to the Plan as of January 1, 2002, and (ii) may set forth such special provisions as may apply to any other merger, consolidation, or transfer of assets and liabilities.