Service Benefits definition
Examples of Service Benefits in a sentence
In relation to the defined benefit pension plan sponsored by Alcon Cusi S.A. (the Alcon Spanish Plan), Past Service Benefits (and underlying plan assets) in respect of active members of the Spanish Plan whose employment transfers to Alcon Healthcare, SAU on or prior to the Separation Date shall be transferred to Alcon Inc.
In relation to the defined benefit pension plan in Mexico (the Alcon Mexican Plan), Past Service Benefits (and underlying plan assets) in respect of active members of the Mexican Plan whose employment transfers to Alcon Laboratorios S.A. de C.V. on or prior to the Separation Date shall be transferred to Alcon Inc.
Until the date that Past Service Benefits and assets related to each US Pension Plan are transferred to the applicable ▇▇▇▇▇ ▇▇ Arrangement and its related trust or other funding vehicle, the Novartis Pension Plan shall recognize the applicable Post-Separation Date Benefit Accruals.
The Prior Service Benefits will be contributed to the Plan in equal monthly installments during the Pay Out Period provided the Participant does not have a Termination Date during the Pay Out Period.
In relation to the Alcon Belgium Pension Fund (as defined in Schedule 1), Past Service Benefits (and underlying plan assets) for in respect of the following shall be transferred to Alcon Inc.
The parties acknowledge and agree that the Alcon UK Pension Scheme shall be treated as a Stand Alone EB Arrangement for the purposes of clause 11 of Part B (Long Term Employee Benefits) of this Agreement such that Alcon Inc., or the relevant member of its Group, shall assume sponsorship of and responsibility for all of the Past Service Benefits in respect of all the active (frozen), deferred and retiree members under or in connection with the Alcon UK Pension Scheme with effect from the Separation Date.
In relation to the Defined Benefit Corporate Pension Plan of the Novartis Group established in Japan (the DBCPP), Novartis shall (or shall procure that the relevant member of its Group shall) retain responsibility for all Liabilities (and underlying plan assets) in respect of Past Service Benefits of Inactive Alcon Members (if applicable) to or in respect of any person who is not an active member of the DBCPP as at the Separation Date.
The Government of the Republic of Sudan shall assume liability for the Post- Service Benefits (as defined in Annex A), including pensions and gratuities and any other payments, of eligible current and former Public Servants of the Predecessor State at the national- and State-levels who become citizens of the Republic of South Sudan or whose employment is terminated as a consequence of secession (“Eligible Pensioners”).
Due to the terminations of the Pension Plan on December 31, 2004, you may be eligible to receive additional severance in connection with the Age and Service Benefits to be paid under the 401K Savings Plan.
Health Service Benefits Prescription Drug Benefits Maximum Benefit In accordance with the HBTA listed services.