GEC Plan definition
Examples of GEC Plan in a sentence
Subsidiary in The GEC Plan and Selected Benefit Scheme and The GEC 1992 Savings-Related Share Option Scheme (the "U.K. Pension Schemes"), effective as of the Closing Date or as soon as practicable thereafter.
His costs will be borne equally by the GEC Plan and the Purchaser's Scheme.
Group Company incorporated in the United Kingdom or the United States is under any contractual obligation to provide life assurance, pension or other retirement benefits in respect of any of the Employees or former employees save in accordance with the GEC Plan, US Scheme or the US Deferred Arrangements.
Appendix A Stanhope Pension Trust Limited Direct dial: (01785) 274730 Our ref: DOC/S/04 (07.05.1997) o 1998 Dear Sirs The G.E.C. 1972 Plan Stanhope Pension Trust Limited is the trustee of the G.E.C. 1972 Plan, comprising The GEC Plan and the Selected Benefit Scheme, the latter being an arrangement for additional voluntary contributions.
The GEC Plan Interest In deferment In possession Projected Discounted Net rate Increases Discounted Net rate at at of at "Basis 1" pension 4.0% 9.0% 4.81% 3.5% 8.0% 4.35% "Basis 2" pension 0.0% 9.0% 9.00% 3.5% 8.0% 4.35% "Basis 3" pension 8.0% 9.0% 0.93% 3.5% 8.0% 4.35% The projection of pensions will be adjusted for the timing of increases.
At the end of the Participation Period each Avery Berkel Group Company shall cease to participate in the GEC Plan.
The transfer value for any member will be not less than the member's accumulated contributions to The GEC Plan with credited interest to the Calculation Date.
AGGREGATE TRANSFER VALUE The aggregate transfer value before expenses for each member will be calculated as the highest value produced under Bases 1, 2 and 3 (as described in the April 1997 edition of The GEC Plan explanatory booklet) and the minimum value referred to above, together with any SBS retirement credits.
Aggregate transfer value The aggregate transfer value before expenses for each member will be calculated as the highest value produced under Bases 1, 2 and 3 (as described in the April 1997 edition of The GEC Plan explanatory booklet) and the minimum value referred to above, together with any SBS retirement credits.