AS Savings Plan definition

AS Savings Plan means the AlliedSignal Savings Plan, as such plan existed immediately prior to the transfer of AS Accounts to this Plan.(w) Reduction-in-Force means the termination of a Transferred Employee’s employment because of a manpower reduction or reorganization by the Employer.(x) Retirement means “retirement” within the meaning of the AlliedSignal pension plan in which a Transferred Employee participated as of June 17, 1994, including Early Retirement. - 108 - (y) Rollover Contribution means Transferred Employee rollover contributions that were made to the AS Savings Plan.(z) SSP means The Signal Companies, Inc. Savings and Stock Purchase Plan, as such plan existed immediately prior to its merger into the AS Savings Plan.(aa) Transferred Employee means an AlliedSignal employee offered employment by Moog Inc., as of the closing date under the stock purchase agreement dated as of June 7, 1994 entered into by AlliedSignal, Moog Inc. and Moog Torrance Inc., provided that such individual accepted the offer of employment.Section 14.2 Investment of AS Accounts. The AS Accounts may be invested, pursuant to each Transferred Employee’s instructions, in any investment fund established pursuant to Section 7.6(c) for the purpose of investing contributions under the Plan and, until the Administrative Committee establishes otherwise, shares of AlliedSignal Common Stock transferred to the Plan from the AS Savings Plan will be held by the Trustees pursuant to each Transferred Employee’s instructions; provided, however, that no additional shares of AlliedSignal Common Stock may be purchased and any dividends with respect to AlliedSignal Common Stock will be invested in other investment funds under the Plan; provided, further, that effective December 1, 1994, (a) AS Accounts may not be reinvested in Company Stock, (b) repayments of Transferred Employee loans (as described in Section 14.7) may not be invested in Company Stock, and (c) cash proceeds from the sale or exchange of, and any dividends with respect to, AlliedSignal Common Stock (as described in Section 14.8) may not be invested in Company Stock. To the extent that a Transferred Employee’s AS Account is invested in Company Stock pursuant to the Transferred Employee’s instructions, that investment in Company Stock may not be reinvested in any other investment vehicle or fund under the Plan, except as otherwise permitted by any other provision of the Plan.Section 14.3 Transferred Employees’ AS Accounts and Subaccounts. There ...
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Examples of AS Savings Plan in a sentence

  • If a participant loan transferred to the Plan from the AS Savings Plan is outstanding, the Transferred Employee’s withdrawal may not be greater than the amount that will cause the combined value of his AS Account and his or her other accounts under the Plan to be twice the outstanding principal balance of the loan and all accrued interest thereon.

  • Nothing contained herein may reduce the amount of any Transferred Employee’s AS Savings Plan Account or impermissibly eliminate an optional form of benefit with respect to benefits attributable to service before the transfer.

  • If the required consent is not obtained, payment of the benefit will commence as otherwise provided under this Article.For purposes of determining whether the value of a Participant’s Accounts exceeds the Consent Limit, the combined value of the Participant’s AS Savings Plan Account (as defined in Section 14.1) and his or her other Accounts under the Plan will be considered.(i) Valid Consent.

  • As used in this Article, either in the singular or plural, unless otherwise clearly or necessarily indicated by the context:(n) AS Account and AS Savings Plan Account mean an account transferred from the AS Savings Plan and maintained for a Transferred Employee in accordance with Section 10.3(b).

  • As a result of and subsequent to the transfer, the AS Savings Plan Accounts are subject to the terms and conditions of this Plan, including the terms and conditions specific to the Accounts which are provided in Article 14.

  • Notwithstanding the foregoing, any withdrawal by a Transferred Employee (as defined in Section 14.1) who had an outstanding participant loan transferred to the Plan from the AS Savings Plan (as defined in Section 14.1) may not be greater than the amount that will cause the combined value of his or her AS Account (as defined in Section 14.1) and his or her other Accounts under the Plan to be twice the outstanding principal balance of the loan and all accrued interest thereon.(j) Roth Rollover Contributions.

  • Effective on or after July 31, 1994, the Plan had transferred to it the AS Savings Plan Accounts (as defined in Section 14.1) and the corresponding liabilities with respect to the Transferred Employees (as defined in Section 14.1), such Accounts consisting of cash, promissory notes evidencing participant loans from the AS Savings Plan, and AlliedSignal Inc.

  • Participant loans transferred to the Plan from the AS Savings Plan may remain outstanding pursuant to the terms of such loan as of the transfer, but no such loan may be renewed or extended.Section 14.8 AlliedSignal Common Stock.(a) Custody and Voting of AlliedSignal Common Stock.

Related to AS Savings Plan

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • SIP means Session Initiation Protocol.

  • Deferred Plan means a trust governed by a registered retirement savings plan, registered retirement income fund, registered education savings plan or tax-free savings account.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Managing Member for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Distribution Plan means the plan hereafter approved by the MDL Court for the distribution of the Settlement Amount (net of any attorneys’ fees or costs that are awarded by the MDL Court) to Stanford Investors who have had their Claims allowed by the Receiver.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Health benefits plan means a benefits plan which pays or

  • Group health benefit plan means any health care plan, subscription contract, evidence of