MPF Scheme definition

MPF Scheme means any mandatory provident fund scheme or its constituent fund or approved pooled investment fund approved by the Mandatory Provident Fund Schemes Authority; or any person who, in relation to any mandatory provident fund scheme, is an approved trustee or service provider, or who is an investment manager of any such mandatory provident fund scheme, constituent fund or approved pooled investment fund.
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MPF Scheme or “registered scheme” means a registered scheme as defined in the MPFS Ordinance;
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MPF Scheme means a mandatory provident scheme within the meaning given to such term under the Mandatory Provident Fund Schemes Ordinance under the laws of Hong Kong in which Techwell or any Techwell Subsidiary has participated for the benefit of its employees or other statutorily required provident scheme under any law, rules or regulations applicable to Techwell or any Techwell Subsidiary for the benefit of any employee.
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Examples of MPF Scheme in a sentence

  • The Trustee is the Trustee of the Principal MPF Scheme selected in the Application Form (the “Master Trust Scheme”).

  • The Group’s and employee’s contributions to the MPF Scheme are based on 5% of the relevant income of the relevant employee (up to a cap of monthly relevant income of HK$20,000) and in accordance with the requirements of the Mandatory Provident Fund Schemes Ordinance and related regulations.

  • The only obligation of the Group with respect of the MPF Scheme is to make the required contributions under the scheme.

  • The MPF Scheme is registered with the Mandatory Provident Fund Scheme Authority under the Mandatory Provident Fund Schemes Ordinance.

  • The level of contributions to be paid to the MPF Scheme will be as specified in the Mandatory Provident Fund Schemes Ordinance.

  • I hereby acknowledge that I have read and fully understand the MPF Scheme Brochure and all relevant information in connection with this Application, and all the information and documents submitted with this Application are true, accurate and complete.

  • Please refer to the Appendix 1 of the MPF Scheme Brochure for details of the credit risk, guarantee features and guarantee conditions of this constituent fund.

  • The assets of the MPF Scheme are held separately from those of the Group in funds under the control of independent trustees.

  • The Group maintains the MPF Scheme for all qualifying employees in Hong Kong.

  • Under the rules of the MPF Scheme, the Group contributes 5% of relevant payroll costs or HK$1,000 per month to the scheme which contribution is matched by the employee, depending on the length of service with the Group.


More Definitions of MPF Scheme

MPF Scheme. (強制性公積金計劃) means a registered scheme;
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MPF Scheme means any mandatory provident fund scheme or its constituent fund
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Related to MPF Scheme

  • Traineeship Scheme means an approved traineeship applicable to a group or class of employees or to an industry or sector of an industry or an enterprise. A traineeship scheme shall not be given approval unless consultation and negotiation with the union upon the terms of the proposed traineeship scheme and the traineeship have occurred. An application for approval of a traineeship scheme shall identify the union and demonstrate to the satisfaction of the approving authority that the abovementioned consultation and negotiation have occurred.

  • Newco Scheme means a scheme of arrangement or analogous proceeding (“Scheme of Arrangement”) which effects the interposition of a limited liability company (“Newco”) between the Shareholders of the Issuer immediately prior to the Scheme of Arrangement (the “Existing Shareholders”) and the Issuer; provided that (i) only ordinary shares or units or equivalent of Newco or depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco are issued to Existing Shareholders; (ii) immediately after completion of the Scheme of Arrangement the only holders of ordinary shares, units or equivalent of Newco or, as the case may be, the only holders of depositary or other receipts or certificates representing ordinary shares or units or equivalent of Newco, are Existing Shareholders holding in the same proportions as immediately prior to completion of the Scheme of Arrangement; (iii) immediately after completion of the Scheme of Arrangement, Newco is (or one or more wholly-owned Subsidiaries of Newco are) the only shareholder of the Issuer; (iv) all Subsidiaries of the Issuer immediately prior to the Scheme of Arrangement (other than Newco, if Newco is then a Subsidiary of the Issuer) are Subsidiaries of the Issuer (or of Newco) immediately after completion of the Scheme of Arrangement; and (v) immediately after completion of the Scheme of Arrangement the Issuer (or Newco) holds, directly or indirectly, the same percentage of the ordinary share capital and equity share capital of those Subsidiaries as was held by the Issuer immediately prior to the Scheme of Arrangement;

  • Superannuation Scheme in this subclause, shall mean a scheme other than one implemented solely for purposes of compliance with Clause 49. - Superannuation of this award, or an Order of the Western Australian Industrial Relations Commission.

  • approved scheme means a share option scheme, other than a savings-related share option scheme, approved under Schedule 4.

  • relevant scheme means a scheme of financial assistance provided under—