Transition benefits definition
Transition benefits means the value of the below-market costs of an economic utility investment.
Transition benefits has the meaning set forth in Section 8.16(e).
Transition benefits means gains in the economic value of an incumbent electric utility's investments
Examples of Transition benefits in a sentence
Transition benefits in accordance with Article 36.2 of the Agreement shall not be applica- ble where an employee on a two-year term appointment is non-renewed.
Transition benefits in accordance with Article 36.2 of the Agreement shall not be applicable where an employee on a two-year term appointment is non-renewed.
Transition benefits in accordance with Article 36.2 of the Agreement shall not be applica- ble where an employee on a two year term appointment is non-renewed.
Transition benefits will begin the first day of the month following your death and will cease following the 24th payment or until there is no longer an eligible survivor, whichever comes first.
More Definitions of Transition benefits
Transition benefits summary that describes transition benefits for eligible management employees whose jobs are abolished as a direct result of the Company's restructuring efforts.
Transition benefits means those particular medical, dental, vision, disability and other health and welfare plans in which Property Employees participate immediately prior to the Closing which would otherwise be provided under a Pending Mirror H&W Plan and which will be provided upon the full implementation and effectiveness thereof, and such additional benefits which the parties otherwise mutually agree to include within the definition of “Transition Benefits” as soon as practicable following the date hereof. The applicable Caesars Party or its service provider administering each Transition Benefit shall honor any claims for benefits under such Transition Benefits which are incurred prior to the Benefit Changeover Date and which are presented to such administrator in accordance with the terms of the particular plan, program, policy or arrangement establishing the particular Transition Benefit; provided, however, that such claims are presented prior to the expiration of the twelve (12) month period beginning on the Benefit Changeover Date. Growth Partners shall reimburse the applicable Caesars Party for the actual aggregate employer and employee premium cost, including any monthly service charges imposed by the applicable Caesars Party’s service provider which are paid directly by the applicable Caesars Party (“Aggregate Premium Cost”), of providing such Transition Benefits during the Transition Period within forty-five (45) days after the applicable Caesars Party submits written proof of such Aggregate Premium Cost to Growth Partners. To the extent a particular Transition Benefit is administered by a third party service provider, the applicable Caesars Party shall use commercially reasonable efforts to obtain such service provider’s consent to the substitution of Growth Partners or one of its Subsidiaries as the party legally responsible for providing the particular Transition Benefit on and after the Closing but otherwise continuing to treat the particular Transition Benefit as administered by the applicable Caesars Party and its service providers throughout the Transition Period.
Transition benefits. The Executive shall be responsible for the payment of all applicable taxes with respect to the Transition Benefits.
Transition benefits means severance benefits (“Transition Payments”), death benefits continuation, health plan continuation coverage, and outplacement and career counseling services (“Transition Services”) as described in Section 6.05 of the Plan. Transition Benefits shall not include those Plan benefits described in Section 6.05g.
Transition benefits has the meaning set forth in Exhibit K-2.
Transition benefits. The Company shall have no obligation to provide the Transition Benefits until the Executive has had the opportunity to consider this Agreement as described in Section 15 below, and the Executive has not revoked the Agreement in the timetable specified in Section 15. The Transition Benefits shall not be treated as compensation under the Company’s 401(k) plan or any other benefit or retirement plan. The Parties agree that the Transition Benefits are full and fair consideration between the Parties and that the Executive is not otherwise entitled to the Transition Benefits.
Transition benefits. Subject to your compliance with this Agreement, if you timely execute and do not revoke this Agreement and Attachment 2 (Attachment 2 must be executed on, but not before, the Separation Date), the Company will provide you with the payments and benefits set forth in this paragraph 4. a.