Examples of Subplan in a sentence
Subplan “DB” defines contributions and related matching responsibilities between subsidiary CTEEP and the participants on 70% of employees’ Actual Contribution Salary in order to obtain the plan’s actuarial asset-liability balance.
If a Subplan is terminated, the Committee may direct the payment of Non-US Awards (or direct the deferral of payments whose amount shall be determined) prior to the dates on which payments would otherwise have been made, and, in the Committee’s discretion, such payments may be made in a lump sum or in installments.
The development of this Management Sub-plan is to be undertaken in consultation and participation with the projects crane crew and any relevant interested party and is to be implemented on all Lendlease Construction projects with one or more Tower cranes or where Multiple mobile cranes are on the project at the same time (i.e. where there are multiple mobile cranes in operation in close proximity to each other, or where there are mobile cranes and concrete placing booms in operation at the same time).
Subplan “BSPS” refers to the Vested Supplementary Benefit Payout and derives from the Supplementary Post-Retirement and Pension Plan PSAP/CESP B, transferred to this plan on September 1, 1999 and from PSAP/Eletropaulo Alternativo, transferred to this plan after the merger of PSAP/EPTE on January 1, 2004, calculated on December 31, 1997 (CTEEP) and March 31, 1998 (EPTE), based on effective regulations, with the actuarial asset-liability balance being obtained at the time.
For the purpose of the Plan and the U.K. Subplan, the implied duty of trust and confidence is expressly excluded.