Entergy Savings Plan definition

Entergy Savings Plan means the Savings Plan of Entergy Corporation and Subsidiaries and any other Benefit Plan maintained by any member of the Entergy Group in which TransCo Employees participate immediately before the Distribution Date and that is intended to satisfy the requirements of Sections 401(a) and 401(k) of the Code.
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Entergy Savings Plan means, the Savings Plan of Entergy Corporation and Subsidiaries.
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Examples of Entergy Savings Plan in a sentence

  • Subject to any applicable collective bargaining obligation, Entergy shall cause each TransCo Employee to become fully vested in such TransCo Employee’s account balances under the Entergy Savings Plan as of the date on which such TransCo Employee ceases to be employed by the Entergy Group (which, generally, will be the Closing Date).

  • Effective not later than the Separation Date, Entergy shall have caused the Entergy Savings Plan to permit TransCo Employees to continue to participate therein during the period (if any) beginning on the Separation Date and ending immediately before the Closing Date in respect of each TransCo Employee who participated therein immediately before the Separation Date.

  • As soon as practicable following the Effective Time, Entergy shall cause any and all accounts of TransCo Employees under the Entergy Savings Plan, and the value of the assets attributable to such accounts, to be transferred to the ITC Savings Plan in a “transfer of assets or liabilities” in accordance with Section 414(l) of the Code.

  • Entergy shall retain, and neither Enexus nor EquaGen (nor any of their respective Affiliates) shall have any obligation whatsoever with regard to, all obligations and Liabilities under the Entergy Savings Plan in respect of all participants who are not EquaGen Participants.

  • Investments: If a participant's transferred account includes investments in Con Edison common stock, the participant must direct this portion of the account to be reinvested in one or more of the other investment options available under the Entergy Savings Plan within twelve months of the transfer of the account to the Entergy Savings Plan.

  • As discussed in Notes 2 and 3 above, the GSU Thrift Plan and the Entergy ESOP were merged into the Entergy Savings Plan on December 31, 1997.

  • The merger resulted in the transfer of the remaining assets from the respective funds in the GSU Thrift Plan to similar funds available under the Entergy Savings Plan.

  • Each of Entergy and EquaGen shall retain an independent fiduciary to determine the extent to which and when Enexus Common Stock (in the case of the Entergy Savings Plan) and Entergy Common Stock and Enexus Common Stock (in the case of the EquaGen Savings Plan and such EquaGen Assumed Plans) shall cease to be available as an investment option thereunder regardless of the provision in the preceding sentence.

  • Except as provided in the preceding sentence, no Assets shall be transferred from the Entergy Savings Plan to any benefit plan maintained by Enexus.

  • Loans to participants: Certain provisions apply to non- bargaining NY Employees under the Entergy Savings Plan loan program.

Related to Entergy Savings Plan

  • Energy Savings means an amount of saved energy determined by measuring and/or estimating consumption before and after implementation of an energy efficiency improvement measure, whilst ensuring normalisation for external conditions that affect energy consumption;

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Energy savings performance contract means a contract under which the rate of payments is based upon energy and operational cost savings and a stipulated maximum energy consumption level over the life of the contract.

  • Health Savings Account means an account as permitted under section 223 of the internal revenue code of 1986, 26 USC 223.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Health benefits plan means a benefits plan which pays or

  • Guaranteed energy savings contract means a contract that includes all of the following:

  • Compensation Plans shall have the meaning set forth in Section 3.8(b).

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Group health benefit plan means any health care plan, subscription contract, evidence of

  • energy service means the physical benefit, utility or good derived from a combination of energy with energy-efficient technology or with action, which may include the operations, maintenance and control necessary to deliver the service, which is delivered on the basis of a contract and in normal circumstances has proven to result in verifiable and measurable or estimable energy efficiency improvement or primary energy savings;

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • Distribution Plan means the plan hereafter approved by the MDL Court for the distribution of the Settlement Amount (net of any attorneys’ fees or costs that are awarded by the MDL Court) to Stanford Investors who have had their Claims allowed by the Receiver.

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Seller 401(k) Plan shall have the meaning set forth in Section 6.01(i).

  • 401(k) Plan has the meaning set forth in Section 6.10.

  • Pay Plan means the scale of wages as contained in the attached Appendix “A” and the rules governing its application, as per Article 12.