Electricity Supply Pension Scheme definition

Electricity Supply Pension Scheme means the registered pension scheme providing pensions benefits for most employees and members of the electricity supply industry in England and Wales under the Finance Xxx 0000 established by a resolution of The Electricity Council passed on 20th January 1983 and subsequently amended from time to time;”Elexon” means Elexon Limited, a company registered in England and Wales with company number 3782949;
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Electricity Supply Pension Scheme means the pension scheme established by a resolution of the Electricity Council dated 20 January 1983;
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Electricity Supply Pension Scheme means the pension scheme established by a resolution of the Electricity Council dated 20 January 1983; "Employees" means any persons employed by or holding office with any Group Company under a contract of employment or service contract, but, for the avoidance of doubt, excluding any individual engaged as a contractor or consultant pursuant to a contract for services with or in respect of any Group Company; "Encumbrance" means any claim, charge, mortgage, lien, pledge, encumbrance, option, equity, power of sale, hypothecation, retention of title, right of pre-emption, right of first refusal or security interest or any other third party right or other security interest or any other agreement, arrangement or obligation to create any of the foregoing; "Environment" means any and all of the following media namely the air, water and land and any living organisms or systems supported by those media; "Ex-Xxxxx Directors Unfunded Pensions Plan" means the unfunded pension plan concerning certain individuals who had been executives of the Xxxxx Business; "Ex-Xxxxx Liability" means the costs associated with the Ex-Xxxxx Directors Unfunded Pensions Plan; "Ex-Xxxxx Liability Novation Agreement" means the deed of novation between the Seller, Western Power Distribution (South Wales) plc and the Company dated 10 March
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Examples of Electricity Supply Pension Scheme in a sentence

  • The Logica Defined Benefit Pension Plan was created to mirror the Electricity Supply Pension Scheme and was created for employees that worked for National Grid and Welsh Water with protected benefits.

  • The Group’s defined benefit arrangement is the ENW Group of the ESPS (“the Scheme”) and forms part of the Electricity Supply Pension Scheme (“ESPS”).

  • The Group’s retirement benefit arrangement is the Electricity North West Group of the ESPS (“the Scheme”) and forms part of the Electricity Supply Pension Scheme (ESPS).

  • The Group’s defined benefit arrangement is the Electricity North West Group of the ESPS (“the Scheme”) and forms part of the Electricity Supply Pension Scheme (ESPS).

  • Northern participates in the Electricity Supply Pension Scheme, which provides pension and other related defined benefits, based on final pensionable pay, to substantially all employees throughout the Electricity Supply Industry in the United Kingdom.

  • The Logica Defined Benefit Pension Plan was created to mirror the Electricity Supply Pension Scheme and was created for employees that worked for National Grid and Welsh Water with protected benefits.Both the Logica U.K. Pension & Life Assurance Scheme and the Logica Defined Benefit Pension Plan are employer and employee based contribution plans.The trustees are the custodians of the defined benefit pension plans and are responsible for the plan administration, including investment strategies.

  • Purpose of this Statement The Trustee of the Electricity North West Group of the Electricity Supply Pension Scheme (“the Group”), has drawn up this Statement of Investment Principles (“the Statement”) to comply with the requirements of the Pensions Act 1995 (“the Act”) and subsequent legislation.

  • A pension deficit under IAS 19 of £14.2m is included in the statement of financial position at 31 March 2012 (2011 deficit of £41.3m).In January 2012 a bulk transfer amount of £4.9m was received into the ENW Group section of the Electricity Supply Pension Scheme (“ESPS”) in respect of the transfer of pension liabilities from the United Utilities Pension Scheme and the United Utilities Group Plc section of the ESPS.

  • Demerger Deed between Nuclear Electric plc and AGR & PWR Co. Limited relating to Nuclear Electric Group of the Electricity Supply Pension Scheme, and agreed form Purchaser Group Deed of Amendment and Block Transport Notice.

  • If the original proposals had gone through, the country's second-biggest pension fund, the Electricity Supply Pension Scheme, threatened to resign from the Association.

Related to Electricity Supply Pension Scheme

  • Electricity Supplier means any person authorised to supply electricity.

  • Feedstock Gas means natural gas used as a raw material for its chemical properties in creating an end product.

  • Supply Pipe means any part of a service pipe which a water undertaker could not be, or have been required to lay under section 46 of the Water Industry Act 1991; and

  • Supply Point means the point of connection between the licensed network and your apparatus or equipment.

  • Contract Quantity means the quantity of Gas to be delivered and taken as agreed to by the parties in a transaction.

  • Production Burdens means any royalties (including lessor’s royalties), overriding royalties, production payments, net profit interests or other burdens upon, measured by or payable out of oil, gas or mineral production.

  • Procurement Plan means the Recipient’s procurement plan for the Project, dated April 2, 2010, and referred to in paragraph 1.16 of the Procurement Guidelines and paragraph 1.24 of the Consultant Guidelines, as the same shall be updated from time to time in accordance with the provisions of said paragraphs.

  • Supply contract means a contract under which a lessor buys or leases goods to be leased.

  • Air Transportation Business means the carriage by aircraft of persons or property as a common carrier for compensation or hire, or carriage of cargo or mail by aircraft, in air commerce, as defined in 49 U.S.C. § 40102, as amended.