Plan Commencement Date definition

Plan Commencement Date means the date on which Bank commences operation of the Plan. Bank shall be deemed to have commenced operation of the Plan on the earlier of the date on which Bank begins to issue new Accounts or the date on which Bank notifies Spiegel Group in writing that Bank has commenced operation of the Plan.

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Plan Commencement Date means the date on which Bank acquires the Purchased Accounts.

Plan Commencement Date means the date that a SecureWorks Plan is put into effect that is comparable to the applicable Dell Plan as in effect, as of the later of the Effective Date or such date on which such SecureWorks Plan is established, with respect to similarly situated Dell Group Employees in the same local jurisdiction.

Examples of Plan Commencement Date in a sentence

• On or before the applicable 401(k) Plan Commencement Date, SpinCo or another member of the SpinCo Group will adopt the SpinCo 401(k) Plan.

• From and after the applicable 401(k) Plan Commencement Date, the applicable member of the SpinCo Group shall be responsible for the administration of the SpinCo 401(k) Plan, and no member of the Parent Group shall have any Liability or obligation (including any administration obligation) with respect to the SpinCo 401(k) Plan.

• Except as set forth in Article V or Article VI, SpinCo shall be required to reimburse Parent for the cost of the SpinCo Participants’ participation in the Parent Plans during the period beginning on the Separation Date and ending on the applicable Benefits Commencement Date (or, in the case of the Parent 401(k) Plan, the 401(k) Plan Commencement Date), subject to, and in accordance with, the applicable terms of the Transition Services Agreement, to the extent applicable.

• Any and all costs and expenses incurred by the Parent Group before the applicable Benefits Commencement Date (or, in the case of the SpinCo 401(k) Plan, the 401(k) Plan Commencement Date) to design or establish any SpinCo Plan will be retained by Parent and will constitute Parent Retained Employee Liabilities.

• The Company expressly agrees to reimburse Parent for any and all costs and expenses incurred by the Parent Group before the applicable Benefits Commencement Date (or, in the case of the SpinCo 401(k) Plan, the 401(k) Plan Commencement Date) to administer any SpinCo Plan.

• Commencing on the Plan Commencement Date Bank shall make available through the TSYS’ services the loyalty program services supported by TSYS for the Purchased Accounts prior to the Plan Commencement Date.

• Broker shall commence transactions in Securities pursuant to the Plan beginning on the Plan Commencement Date, as set forth on Exhibit A.

• Commencing on the Plan Commencement Date Bank shall make available the New Account Portal through the TSYS’ services.

• Notwithstanding anything to the contrary herein, if the Plan Commencement Date does not occur on or before January 30, 2010, either party shall have the right to terminate this Agreement by giving written notice to the other on or before March 15, 2010; provided, the party seeking to terminate this Agreement is not in breach of its obligations hereunder.

• If at the end of an applicable Plan Year the then current number of Stage's Stores open has decreased when compared to the number of Stage's Stores open as of the Plan Commencement Date, then Bank shall have the right to reduce the guaranteed minimum payment by ten percent (10%) for each five percent (5%) reduction in the number of Stage's Stores.

More Definitions of Plan Commencement Date

Plan Commencement Date means 1 December 2020;

Plan Commencement Date means the date on which Bank purchases the Existing Accounts and which shall be the same date as the Closing Date (as defined in the Purchase Agreement).

Plan Commencement Date means September 12, 2003.

Plan Commencement Date means the date on which Bank purchases the Existing Accounts from Samu▇▇▇.

Plan Commencement Date has the meaning given to it in clause 4.1.

Plan Commencement Date shall have the meaning set forth in Section 2.1 (a) (ii).