Retention Pool definition
Examples of Retention Pool in a sentence
Survivor Life (Joint & Last Survivor UL) Plan: LOV Total Auto SRA Share of Ages Retention Pool Coverage* Auto Cover* ----- ---------- -------------- ------------ 0-75 $1,000,000 $9,000,000 $1,800,000 76-80 100,000 1,900,000 380,000 81-85 100,000 1,000,000 200,000 * Retention and automatic coverage will be based on the younger age.
The Chief Executive Officer of the Seller shall determine, subject to approval by the President and Chief Executive Officer of the Buyer, the Retention Employees eligible to receive retention awards from the Retention Pool (each, a “Retention Bonus”) and any criteria for payment of the Retention Bonus, and shall determine the final allocation of payments from the Retention Pool.
To the extent applicable, the Parties agree to abide by the Memorandum of Understanding Regarding Joint Defense (“MOU”) between the Arizona Counties Insurance Pool (“ACIP”) and the Arizona Municipal Risk Retention Pool (“AMRRP”).
All releases of the Employee Retention Pool Amount will be subject to the terms hereof and of the Employee Retention Escrow Agreement; provided further, that in the event of any conflict between this Agreement and the Employee Retention Escrow Agreement, the terms of the Employee Retention Escrow Agreement will control.
The Administrator shall be indemnified for all good faith actions taken in connection with the Retention Pool, to the fullest extent permitted by applicable Law.