Old Plan definition
Examples of Old Plan in a sentence
A) Public Service Superannuation Plan (Old Plan) - employee will make contributions relative to time worked.
If a teacher elects to apply the amount received under Plan B (Old Plan) of this Section to TRS Option 1 to enhance their retirement benefits, the District shall not be required to pay any additional employer contribution to TRS greater than that required under Plan B (Old Plan) if any additional employer contribution required by Option 1 cannot be charged to the Retirement Fund.
Each Employer shall pay into the Fund upon the Effective Date of the Old Plan, or within sixty (60) days thereafter, a sum equal to the accumulated contributions at the rates established by the appropriate subdivision of Exhibit A attached hereto and made a part hereof, from October 26, 1953, or from such other date as may be provided for the purpose in the Collective Bargaining Agreement applicable to such Employer to October 24, 1954.
With respect to each material Partnership Benefit Plan and each material Old Plan, the Partnership has made available to Parent complete and accurate copies of (A) such Benefit Plan, including any amendment thereto, (B) a written description of any such Benefit Plan if such plan is not set forth in a written document and (C) the most recent Internal Revenue Service determination letter (if any).
Parent shall use commercially reasonable efforts to cause the Surviving Corporation to waive any eligibility requirements, waiting periods, actively-at-work requirements, evidence of insurability requirements or pre-existing condition limitations under any New Plan to the extent such restriction would not have been applicable to a Current Employee under any comparable Old Plan in which they participated prior to the Effective Time.