Examples of First Data SISP in a sentence
As further described herein, certain liabilities under the First Data SISP were transferred to the Plan as of that time.
A Participant shall elect one of the following forms of distribution with respect to: (a) unvested amounts transferred to this Plan from the First Data SISP that were credited to the Participant’s Account prior to January 1, 2005, (b) amounts credited to the Participant’s Accounts for the 2005 Plan Year and the 2006 Plan Year and (c) amounts credited to the Participant’s Accounts each Plan Year, commencing with the 2007 Plan Year.
If a Participant makes a Distribution Election for a Plan Year or has a Distribution Election carried over from the First Data SISP, the Distribution Election will remain in effect for all subsequent Plan Years for which the Participant fails to make a new Distribution Election.
A Participant shall elect one of the following times for commencement of distributions with respect to: (a) unvested amounts transferred to this Plan from the First Data SISP that were credited to the Participant’s Account prior to January 1, 2005, (b) amounts credited to the Participant’s Accounts for the 2005 Plan Year and the 2006 Plan Year and (c) amounts credited to the Participant’s Accounts each Plan Year, commencing with the 2007 Plan Year.
Effective as of the Spin-Off Date, the Plan is being spun off from the First Data SISP.
A Participant who was formerly a participant in the First Data SISP and whose balance under the First Data SISP was transferred from the First Data SISP to this Plan shall be deemed to have the same Distribution Election as previously filed with respect to the First Data SISP (if such an election was filed), unless the Participant changes the election in accordance with the procedures in this Plan.
Effective after the Spin-Off Date and prior to January 1, 2007, Participants may choose to have gains or losses determined under (a) the available Investment Account and applicable earnings rate offered under the First Data SISP as of the Spin-Off Date or (b) the investment options available to participants under The Western Union Company Incentive Savings Plan, excluding any brokerage account option or any employer stock fund.
A Participant’s Deferred Account spun off from the First Data SISP into this Plan shall be initially allocated to the same Investment Accounts to which the Participant’s Deferred Account balance was allocated under the First Data SISP.
The distribution election shall apply to all amounts attributable to the Participant’s Deferred Account under this Plan, including amounts previously deferred under plans listed under Appendix A which have been merged into this Plan and amounts spun off from the First Data SISP.
A Participant who was formerly a participant in the First Data SISP and whose balance under the First Data SISP was spun off from the First Data SISP to this Plan shall be deemed to have the same Distribution Election as previously filed with respect to the First Data SISP, unless the Participant changes the election in accordance with the procedures in this Plan.