PLAC definition
Examples of PLAC in a sentence
Except as required by law, PFG, PLAC and SFC shall take no position on such Tax Returns that relate to the Companies that would adversely affect the Companies after the Closing Date.
The annual base fee for one or more of PLAC, PHLVIC or PLIC shall be $250.000.
From time to time prior to the Closing, PLAC, PFG and SFC may supplement or amend the Disclosure Schedule delivered in connection herewith with respect to any matter which, if existing or occurring at or prior to the date of this Agreement, would have been required to be set forth or described in such Disclosure Schedule or which is necessary to correct any information in such Disclosure Schedule which has been rendered inaccurate thereby.
Pursuant to Section 11 of each Agreement and in consideration of the services to be provided to the respective Accounts and Subaccounts (each, as defined in each Agreement), PLAC, PHLVIC, and PLIC (for their respective Accounts .and Subaccounts) will pay PFPC an annual administration and accounting services fee to be calculated daily and paid monthly as set forth below.
PFG and PLAC shall cause the PennLife Companies, PFG and SFC shall cause the ConLife Companies and Services, to the extent necessary, and PFG shall cause the PFI Companies and PCFS, to the extent necessary, to take all such actions (other than the payment of money not then due and owing or the provision of other consideration) as are reasonably requested by Buyer to assist Buyer in completing all such filings and obtaining all such consents and approvals as are required to be made and obtained.
PFG, PLAC, SFC and PCFS shall be responsible for paying all third-party costs and expenses incurred by them and all third-party costs and expenses in excess of $1.5 million incurred by the Companies in connection with the Pre-Closing Restructuring Transactions (not including those costs associated with the termination by Sellers prior to the Closing of the Lincoln National Agreement) and in preparing the Companies for sale to Buyer.
The following annual fee shall be payable monthly based upon the following: $130 for each of the first 1,000 Subaccounts; and $50 for each Subaccount in excess of 1,000 For clarification, the Subaccounts of PLAC, PHLVIC, and PLIC will be aggregated to determine the applicable fee breakpoints in accordance with the foregoing schedule.
Buyer will prepare all Tax Returns which reflect any Taxes for which PFG, PLAC and SFC may be obligated to indemnify the Buyer Indemnitees under this Agreement, in a manner consistent with past practice (subject to any departure required to comply with any applicable law).
PLAC will determine professional growth credit or other compensation.
The Professional Learning Advisory Council (PLAC) shall monitor professional learning and training activities, make recommendations for the same to the Superintendent, and adhere to the requirements of Section 8.18.