Examples of City Plan in a sentence
If a Participating Employee already has an ESPP Account due to participation in the Circuit City Plan or the Old CarMax Plan, the same ESPP Account will be used for new purchases under the Plan.
In addition to the installment distributions generally available under Section 9.01(b) hereof, a Participant may elect to receive installment distributions from his Former National City Plan Account in substantially equal annual, quarterly or monthly installments.
Except as expressly provided in this Agreement, no provision of this Agreement or the Separation Agreement shall be construed to create any right, or accelerate entitlement, to any compensation or benefit whatsoever on the part of any future, present, or former employee of Circuit City, a Circuit City Entity, CarMax, or a CarMax Entity under any Circuit City Plan or CarMax Plan or otherwise.
However, loans which were outstanding under the Former National City Plan at the time of the merger of that plan into this Plan shall continue to be held outstanding in accordance with their terms.
If the Parent owns less than one hundred percent (100%) of the voting interest of the entity, the entity will be considered a Subsidiary for purposes of the Circuit City Plan only if the Committee determines that the entity should be so considered.
An Employee’s periods of employment credited for vesting purposes under the Altivity Plan as of December 31, 2008 and the Rose City Plan as of December 31, 2015 will be taken into account in determining his Years of Vesting Service.
Any construction, interpretation, or application of the Circuit City Plan by the Committee shall be final, conclusive and binding.
Loans were available under the Former National City Plan but are not available under this Plan.
The capitalized terms used in the preceding sentence which are not defined in the Circuit City Plan shall have the meanings assigned to them in the Company's Policies and Procedures Manual.
If an Employee has one year of service but is excluded from participation in the Circuit City Plan due to the requirements set forth in (i), (ii), (iii) or (iv) in the preceding paragraph, the Employee will be eligible to participate in the Circuit City Plan on the first Enrollment Date after he or she is no longer excluded because of such requirements.