Benefit Scheme definition

Benefit Scheme means any

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Benefit Scheme means a Broad-Based Ownership Scheme whereby a broad base of more than 50 natu- ral persons (such as a community or a broad-based group of natural persons including, without limitation, black women and black designated groups) are intended to benefit from Economic Interest received by the scheme or the fiduciaries of the scheme without their actually receiving distributions payable from such Economic Interest

Benefit Scheme has the meaning given to it in Schedule 1; “Bermuda SAP” means the statutory accounting and actuarial principles and practices prescribed with respect to Bermuda-domiciled life reinsurance companies by the BMA applicable to Bermuda long-term Class E insurance companies; 2 “BMA” means the Bermuda Monetary Authority; “Book Value” means the amount of the estimated net asset value in respect of the Group as at the applicable date of determination; “Business Day” means a day (other than a Saturday or Sunday or a public holiday) when commercial banks are open for ordinary banking business in Bermuda, New York and London; “Business IPR” means all Intellectual Property Rights which have in the three (3) years prior to the date of this Deed been used or intended to be used primarily in or in connection with the business of any Group Company and which are material to the business of the Group; “Business IT” means all Information Technology which is owned or used by any Group Company and which is material to the business of the Group; “Claim” means any claim, proceeding, suit or action against the Warrantor arising out of or in connection with this Warranty Deed; “Companies Act” means the Companies Act 2006; “Company” means Warwick Company (UK) Limited a private limited company incorporated and registered in England and Wales with company number 09005808 whose registered office is at ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇; “Completion” has the meaning given to it in the Sale and Purchase Agreement; “Completion Date” has the meaning given to it in the Sale and Purchase Agreement; “Covered Taxes” means any and all Taxes that (a) are imposed on, allocated or attributable to or incurred or payable by any Group Company for any Tax period or portion thereof ending on or prior to the Completion Date, together with any interest, penalty or additions to Tax accruing after the Completion Date on Taxes described in this clause (a) or (b) arise from or are attributable to any inaccuracy in or breach of any representation or warranty made in Clause 17 of Schedule 1; “Data Protection Laws” has the meaning given to it in the Sale and Purchase Agreement; “Data Room” has the meaning given to it in the Sale and Purchase Agreement; “Disclosed” means fairly disclosed in the Disclosure Documents with sufficient detail to allow the Purchaser to make a reasonable assessment of the nature and scope of the matters, facts or circumstances disclosed and where ...

Examples of Benefit Scheme in a sentence

The Parties acknowledge that the Civil Service Compensation Scheme and the Civil Service Injury Benefit Scheme (established pursuant to section 1 of the Superannuation Act 1972) are not covered by the protection of New Fair Deal.
Under no circumstances shall the Company be liable for any consequences of any alteration, amendment, suspension, cancelation or termination of the Trading Benefit Scheme.
A Client shall not be entitled to participate in more than one Trading Benefit Scheme at the same time, unless otherwise explicitly provided in the terms and conditions.
You will be entitled to benefit from the Company’s Options Flexible Benefit Scheme, subject to the rules of such Scheme.
Under no circumstances shall LQDFX be liable for any conse- quences of any alteration, amendment, suspension, cancelation or termination of the Trading Benefit Scheme.
LQDFX will not be liable for any margin call or losses that the Client may suffer, including but not limited to losses due to Stop-out Level, if the trading benefit is withdrawn for any reason pursuant to the applicable terms and conditions of the Trading Benefit Scheme.
LQDFX reserves the right, at its sole discretion, to disqualify any individual from any trading benefit if LQDFX suspects misuses or attempts to misuse the Trading Benefit Scheme, or breaches the present Agreement and/or any of LQDFX’s Business Terms and/ or the terms and conditions of the Trading Benefit Scheme and to cancel all orders and annul all profits of such client.
Any indication or suspicion of fraud, manipulation, cash-back or bonus or swap arbitrage, or other forms of deceitful or fraudulent activity in a Client’s account or multiple account with LQDFX or otherwise related or connected to the Trading Benefit Scheme will nullify any and all transactions executed and/or profits or losses garnered therein.
LQDFX reserves the right, as it in its sole discretion deems fit, to alter, amend, suspend, cancel or terminate the Trading Benefit Scheme, or any aspect of it, at any time and without any prior notice.
The Society shall be entitled to deduct from sickness payments any employee contributions to the Co-operative Group Employees Pension and Death Benefit Scheme.

More Definitions of Benefit Scheme

Benefit Scheme means a Broad-Based Ownership Scheme in which more than 50 natural persons: