ARCO Retirement Plan definition
Examples of ARCO Retirement Plan in a sentence
Such Transferee's open balance credits shall be reduced by the present value of the Transferee's accrued benefit under the ARCO Retirement Plan.
Buyer understands and agrees that the accrued benefits of any Transferees under the ARCO Retirement Plan shall not increase following the Closing Date and that any surplus under such plan with respect to such Transferees shall be retained by ARCO.
Arch understands and agrees that the accrued benefits of any Transferees under the ARCO Retirement Plan shall not increase following the Closing Date and that any surplus under such plan with respect to such Transferees shall be retained by ARCO.
Arch also agrees to provide Transferees with transition credits, though not longer than December 31, 2012, based on their years of ARCO Retirement Plan benefit accrual service, similar to the credits provided under Arch's Retirement Plan, as in effect on the Closing Date.
As of the Closing Date, any Transferees who are participants in the Atlantic Richfield Retirement Plan II (the "ARCO Retirement Plan") shall no longer participate in such plan.
Buyer also agrees to provide Transferee's with transition credits, though not longer than December 31, 2012, based on their years of ARCO Retirement Plan benefit accrual service, as provided under Buyer's Retirement Plan, as in effect on the Closing Date.
Arch agrees to provide open balance credits in Arch's Retirement Plan with respect to Transferees based on the Transferee's monthly accrued benefit under the ARCO Retirement Plan and the conversion factor under Arch's Retirement Plan, as in effect on the Closing Date.
Buyer agrees to provide open balance credits in Buyer's Retirement Plan with respect to Transferees based on the Transferee's monthly accrued benefit under the ARCO Retirement Plan and the conversion factor under the Buyer's Retirement Plan, as in effect on the Closing Date.