Vendor's Scheme definition

Vendor's Scheme means The Equant Pension Scheme (or, if the context so requires, its trustees) as constituted by a trust deed and rules dated 1 December 2000;

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Vendor's Scheme means the retirement benefit scheme established by deed dated 22 July 1927 and governed by a deed dated 5 March 1996 (as amended) known as the ICI Pension Fund. Where the context requires, the Vendors Scheme includes its trustees.

Vendor's Scheme means the TKR International Limited Retirement Benefits Scheme. The term Vendor's Scheme includes, where the context allows, the trustees of the Vendor's Scheme. Relevant Benefits is defined in section 612 of ICTA 1988 but with the omission of the exception in that definition. Relevant Person each past and present employee, officer and director of a Group Company and their respective spouses and dependants and any person who, at the date of this Agreement, is a beneficiary (present or contingent) of the Vendors' Scheme. ICTA Income and Corporation Taxes ▇▇▇ ▇▇▇▇. Pensions Act the ▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇.

Examples of Vendor's Scheme in a sentence

In the event that the amount actually transferred on the Due Payment Date from the Vendor's Scheme to the Purchaser's Scheme is less than the Transfer Amount (the Shortfall), the Vendor shall subject to the proviso below forthwith following a written demand from the Purchaser, pay within 7 days to the Purchaser (for onward transmission to the Purchaser's Scheme) by way of adjustment to the consideration hereunder, a cash sum equal to 100 per cent.
All such employer and member contributions (which will be inclusive of all liability to contribute to the administration and management and other costs of the Vendor's Schemes) shall be remitted to the trustees of the relevant Vendor's Scheme within 14 days of the end of the calendar month in respect of which the contributions were due or collected, as appropriate.
The Vendor and the Purchaser will each take steps within its competence to ensure that by such date that is no later than 45 days after the Pension Transfer Date each Pensionable Employee is given the opportunity of consenting in terms approved by 167 the trustees of the Vendor's Schemes (such approvals not to be unreasonably withheld or delayed) to a transfer of assets being made for him from the relevant Vendor's Scheme to the Purchaser's Scheme in accordance with the provisions of this Schedule.
The Pension Principles shall apply to all Retirement Benefit Schemes established in the United Kingdom but in the case of the Vendor's Scheme the Pension Principles shall apply subject to the modifications in this Part 2.

More Definitions of Vendor's Scheme

Vendor's Scheme the Glaxo Wellcome Pension Scheme (or, where the context so requires, the trustees of that scheme);

Vendor's Scheme means the Huntsman Pension Scheme constituted and established by a trust deed dated 20 March 2001 as subsequently amended from time to time or, if the context so requires, the trustees of that scheme.

Vendor's Scheme means the Courtaulds Pension Scheme or, if the context so requires, its trustees; 1.2 Words and expressions used in Chapter I of Part XIV of the Income and Corporation Taxes Act 1988 ("the Act"), or in the Vendor's Scheme, shall have the same meanings in this Schedule. 1.3 The undertakings by the Purchaser under this Schedule shall be deemed to be given to the Vendor both for its own benefit and as agent for the trustees of the Vendor's Scheme. 2 The Vendor's Scheme 2.1 The Vendor shall use its reasonable endeavours to procure that: 2. 1.1 subject to the consent of the Commissioners of Inland Revenue (which the Vendor shall use its reasonable endeavours to procure), the Eligible Employees will be permitted to remain members of the Vendor's Scheme and the Purchaser will be permitted to participate in the Vendor's Scheme throughout the Transitional Period; and

Vendor's Scheme the pension scheme known as the Gresham Lion Technology Group Lim▇▇▇▇ ▇▇nsion Scheme

Vendor's Scheme means John ▇▇▇▇▇ & ▇on Limited Retirement and Death Benefit Plan ("the Retirement Benefit Scheme") "Purchaser's Scheme" means the Retirement Benefit Scheme (or schemes) nominated by the Purchaser "Completion Date" means the date of this agreement "Interest" means interest at the annual rate of 4% above the base lending rate from time to time of Barclays Bank plc accuring on a daily basis until payment is made, whether before or after any judgment "Transfer Date" means the date on which those of the Relevant Employees, who indicated their intention in writing to become members of the Purchaser's Scheme, become members of such Scheme "Payment Date" means the actual date of payment of the Transfer Amount in accordance with the provisions of this schedule "Transfer Amount" means the amount as calculated by reference to paragraphs 4(B) and 4(C) of this schedule "Transfer Liabilities" means the amount calculated by the Vendor's Actuary and agreed by the Purchaser's Actuary or determined pursuant

Vendor's Scheme means the stakeholder defined contribution pension scheme known as the "Zarlink Defined Contribution Pension Scheme", which is registered under Chapter 2 of Part 4 of the Finance ▇▇▇ ▇▇▇▇; "Vendor's Solicitors" means Beachcroft LLP of ▇▇-▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇; -------------------------------------------------------------------------------- Agreement Page 7 <PAGE> Zarlink Semiconductor Limited Beachcroft LLP -------------------------------------------------------------------------------- "VAT" means value added tax; "VATA" means the Value Added Tax ▇▇▇ ▇▇▇▇; "Wafer Supply Agreement" means the agreement to be entered into on Completion in the agreed form between the Vendor and the Purchaser in relation to the supply of goods and services from the Business to the Vendor following Completion; and "Warranties" means the warranties set out or referred to in Clause 6 and Schedule 7.