Effect on Other Plans definition

Effect on Other Plans. Nothing in the Plan or this Agreement shall be construed to limit the right of the Corporation to establish any other forms of incentives or compensation for employees of the Corporation or to grant or assume options otherwise than under the Plan or this Agreement in connection with any proper corporate purpose.
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Examples of Effect on Other Plans in a sentence

  • Such captions and headings shall not be deemed in any way material or relevant to the construction of interpretation of this Plan or any provision hereof.(d)No Effect on Other Plans or Corporate Authority.

  • Nothing in this Section 7(h) will be deemed to limit the Company’s remedies at law or in equity for any breach by the Participant of any of the provisions of this Section 7 that may be pursued or availed of by the Company.8. Effect on Other Plans, Agreements and Benefits.

  • Such captions and headings shall not be deemed in any way material or relevant to the construction of interpretation of this Plan or any provision hereof.(m)No Effect on Other Plans or Corporate Authority.

  • Improving the durability of homes goes hand in hand with energy efficiency efforts by helping families save money over the long-term.

  • Upon any attempt to sell, transfer, assign, pledge, hypothecate, encumber or otherwise dispose of any such award, such award and all rights thereunder shall immediately become null and void.f. Effect on Other Plans.

  • The rules of section 3121(v) and section 3306(r)(2) of the Code shall apply to this SERP.9.4. Effect on Other Plans.

Related to Effect on Other Plans

  • Adverse Effect means, with respect to any action, that such action will (a) result in the occurrence of an Event of Default or (b) materially and adversely affect (i) the amount or timing of payments to be made to the Lenders pursuant to this Agreement or (ii) the existence, perfection, priority or enforceability of any security interest in a material amount of the Pledged Receivables taken as a whole or in any material part.

  • Reference Balance Sheet Date is defined in Section 3.5.

  • Material Environmental Liabilities means Environmental Liabilities exceeding $500,000 in the aggregate.

  • Parent Balance Sheet Date shall have the meaning assigned to it in Section 5.13 hereof.

  • Material Adverse Effect on the Company means a material adverse effect on the financial condition, operations or business of the Company and its subsidiaries, taken as a whole, or the ability of the Company to enter into and consummate the transactions contemplated by this Agreement in accordance with its terms.

  • Foreign Plans shall have the meaning set forth in Section 3.11(d).

  • Latest Balance Sheet Date has the meaning set forth in Section 3.10.

  • Most Recent Balance Sheet Date has the meaning set forth in Section 4.4.

  • Interim Balance Sheet Date has the meaning set forth in Section 3.06.

  • Disclosed Matters means the actions, suits and proceedings and the environmental matters disclosed in Schedule 3.06.

  • Company Balance Sheet Date means December 31, 2014.

  • Unfunded Liabilities means the amount (if any) by which the present value of all vested nonforfeitable benefits under all Single Employer Plans exceeds the fair market value of all such Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plans.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Company Permits has the meaning set forth in Section 3.12(a).

  • Environmental Liabilities means all liabilities, monetary obligations, losses, damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand, or Remedial Action required, by any Governmental Authority or any third party, and which relate to any Environmental Action.

  • Material Modifications means any modifications to the material related party transactions which were approved by the Audit Committee or Shareholders during the year which will change the complete nature of the transaction and in case of monetary thresholds which is in excess of 10% of the originally approved transaction, in case of exigencies only.

  • Current Balance Sheet Date means December 31, 1997.

  • REASONABLY SAFE FROM FLOODING Means base flood waters will not inundate the land or damage structures to be removed from the floodplain and that any subsurface waters related to the base flood will not damage existing or proposed buildings.

  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.

  • Off-Balance Sheet Arrangement means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the Borrower is a party, under which the Borrower has:

  • Past Practices shall have the meaning set forth in Section 3.5.

  • Off-Balance Sheet Liabilities of any Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivable sold by such Person, (ii) any liability of such Person under any sale and leaseback transactions that do not create a liability on the balance sheet of such Person, (iii) any Synthetic Lease Obligation or (iv) any obligation arising with respect to any other transaction which is the functional equivalent of or takes the place of borrowing but which does not constitute a liability on the balance sheet of such Person.

  • Multiemployer Plans means “multiemployer plans” as defined by Section 3(37) of ERISA.

  • Balance Sheet Date has the meaning set forth in Section 3.06.

  • ERISA Plans shall have the meaning set forth in Section 3.12(a).

  • Buyer Plans has the meaning set forth in Section 6.02(b).