Examples of Connected Scheme in a sentence
For the purpose of this limit, service is the aggregate of Service and any period of service which gives rise to benefits under a Connected Scheme provided that no period is to be counted more than once.
The aggregate payment by the Offeror of the Cancellation Price (in the total amount of approximately HK$744 million (on the basis of their respective shareholdings in HTIL as at the Latest Practicable Date)) to the aforesaid Connected Scheme Shareholders in consideration for the cancellation of their respective interests in HTIL Shares (and any payment of a similar nature to any other Connected Scheme Shareholders) will constitute a connected transaction for HWL under the Listing Rules.
A Member are further restricted to ensure that his total retirement benefit from this scheme and from any Associated Scheme or Connected Scheme does not exceed a pension of 1/30th of the Permitted Maximum for each year of service, subject to a maximum of 20/30ths.
On the death of a Pension Debit Member, any pension payable to the Dependant of the Member shall not exceed 2/3rds of the maximum Aggregate Retirement Benefit to which the Member was entitled at his death less the value of his Negative Deferred Pension in this Scheme, in any Associated Scheme and, in the case of a 1989 Member, in any Connected Scheme.
Where more than one pension will be paid the total of all the pensions cannot exceed 100% of the pension for the Pension Debit Member determined in accordance with Schedule 3 (Inland Revenue Requirements) as if there had been no Pension Debit, less the Negative Deferred Pension and the Negative Deferred Pension in any Associated Scheme and, furthermore in the case of a Class A Member the Negative Deferred Pension in any Connected Scheme.