Teledyne definition
Examples of Teledyne in a sentence
The right to amend the Teledyne 401(k) Plan in any respect shall be exclusively within the power of Teledyne at all relevant times.
The parties intend that all Teledyne Technologies Non-Employee Directors who were ATI Non-Employee Directors prior to the Distribution Date may continue to serve as ATI Non-Employee Directors.
ATI shall transfer to Teledyne Technologies, effective Immediately After the Distribution Date, responsibility for administering all claims incurred by Teledyne Technologies Individuals and other employees and former employees of Teledyne Technologies and the Teledyne Technologies Entities before the Close of the Distribution Date that are administered by ATI as of the Close of the Distribution Date.
Notwithstanding the generality of the foregoing, Teledyne Technologies does not assume or agree to pay, perform, fulfill or discharge any Benefit Liabilities relating to, arising out of or resulting from the Teledyne Savings and Retirement Supplemental Plan.
On or before the Distribution Date, the Teledyne 401(k) Plan will be amended by Teledyne to be and become a multiple employer plan under which Teledyne Technologies may elect to be a contributing sponsor and to provide participation to Teledyne Technologies Individuals under the terms and conditions set forth in the Teledyne 401(k) Plan for a period ending on the earlier of (i) adoption by Teledyne Technologies of the Teledyne Technologies 401(k) Plan or (ii) April 1, 2000.
Until December 31, 2000, all participant information shall be provided in a manner and medium that is compatible with the data processing systems of ATI as in effect on the Close of the Distribution Date, unless otherwise agreed to by ATI and Teledyne Technologies.
Either prior to or within a reasonable time after the Distribution Date, in accordance with the provisions of Section 6.4(a)(ii)(B), the applicable ATI Performance Award under the ATI Performance Share Program shall be determined by ATI with respect to each Teledyne Technologies Individual for the period from January 1, 1998 through the Distribution Date.
ATI and Teledyne Technologies shall agree on methods and procedures, including amending the respective Plan documents and/or requesting approvals or consents of Teledyne Technologies Individuals where the parties deem appropriate, to prevent Teledyne Technologies Individuals from receiving duplicative benefits from the ATI Plans and the Teledyne Technologies Plans.
From Immediately After the Distribution Date through December 31, 2000, Teledyne Technologies shall not amend any Teledyne Technologies Health and Welfare Plan or Plans, and Teledyne Technologies shall have no rights or privileges with respect to such Plans other than those rights and privileges contained in any policy, contract or other written arrangement governing such Plans.
Teledyne Technologies Individuals shall continue to accrue service credit under the Teledyne 401(k) Plan for vesting and benefit eligibility purposes until the earlier of (i) the date of adoption by Teledyne Technologies of the Teledyne Technologies 401(k) Plan or (ii) April 1, 2000.