Welfare Transition Period definition

Welfare Transition Period means the period commencing on the Distribution Date and ending on the date that the Capital Southwest Company Employees and (if applicable) the Former Capital Southwest Company Employees begin participation in the newly formed Capital Southwest Welfare Plans; provided, however, that in no event will the Welfare Transition Period continue after December 31, 2015.
Sample 1Sample 2Sample 3
Welfare Transition Period means the period commencing on the Distribution Date and continuing through December 31, 2015.
Sample 1Sample 2Sample 3
Welfare Transition Period means the period calendar months beginning on the Closing and ending on the last day of the calendar month for which the Coverage Cost has been paid to the Seller except that in no event shall the applicable Seller Welfare Plans pay benefits with respect to claims Incurred (as defined below) after December 31, 1999; and (ii) the term "Coverage Cost" is the amount determined by Seller in good faith to be the actual claims Incurred on or after the Closing and paid during a given month in connection with providing the coverage to the Eligible Individuals, plus 8% to cover administrative costs. For any month in the Transition Period, Seller shall provide the Buyer with a written statement of the Coverage Cost for such month and, within five (5) business days after receipt of such written statement, the Buyer shall pay Seller the Coverage Cost indicated thereon. Subject to the requirement that the Seller and the Seller Subsidiaries shall administer the Seller Welfare Plans in good faith in accordance with their terms, Buyer agrees to, and shall, indemnify and hold harmless the Seller and the Seller Subsidiaries from and against any and all expenses, liabilities, obligations and costs of any sort associated therewith involving any claim or claim dispute with respect to the coverage of any Eligible Individual during the Welfare Transition Period, whether asserted by the Eligible Individual or any third party, which is or relates to a claim that is Incurred on or after the Closing. For purposes of the preceding sentence, a claim is "Incurred" at the time the goods and materials are actually provided to or the services are performed for the individual. Any amounts paid or payable from the Buyer to the Seller under this Section 10.3(a) shall not be subject to Section 19.3 or Section 19.10 and shall be disregarded entirely in applying such Sections. 42 52
Sample 1

Examples of Welfare Transition Period in a sentence

  • During the Welfare Transition Period, Capital Southwest Company Employees and (if applicable) Former Capital Southwest Company Employees will continue to participate in the Welfare Plans at the same level such Capital Southwest Company Employees and (if applicable) such Former Capital Southwest Company Employees participated in the Welfare Plans immediately prior to the Distribution Date.

Related to Welfare Transition Period

  • Transition Period means the period beginning with the Registration Date and ending as of the earlier of: (i) the date of the first annual meeting of stockholders of the Company at which directors are to be elected that occurs after the close of the third calendar year following the calendar year in which the Registration Date occurs; and (ii) the expiration of the “reliance period” under Treasury Regulation Section 1.162-27(f)(2).

  • Contract Transition Period means the 90 day transition as defined in Section F of this Contract.

  • Transition Date means the date on which this contract comes into effect for all purposes. Schedule 1 (Contract Particulars)

  • Employee Transfer Date means in respect of any particular Transferring Employee the date on which the part of the Services to which they are assigned transfers from the Previous Contractor to the Contractor;

  • transitional period means the period of time beginning on the

  • Extended benefit period means a period which:

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Post-Employment Period shall have the meaning set forth in Article 8.

  • Transferred Employee has the meaning set forth in Section 6.01(a).

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Retention Period has the meaning set forth in Section 6.02.

  • Benefit Continuation Period means the period beginning on the Date of Termination and ending on the last day of the month in which occurs the earlier of (i) the 24-month anniversary of the Date of Termination and (ii) the date on which you elect coverage for you and your covered dependents under substantially comparable benefit plans of a subsequent employer.

  • Pre-Distribution Period means any Tax Year or other taxable period that ends on or before the Distribution Date and, in the case of any Straddle Period, that part of the Tax Year or other taxable period through the end of the day on the Distribution Date.

  • Affiliation period means a period which, under the terms of the health insurance coverage offered

  • Severance Period means the period of time commencing on the date of the first occurrence of a Change in Control and continuing until the earlier of (i) the second anniversary of the occurrence of the Change in Control and (ii) the Executive’s death.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Allowance transfer deadline means midnight of January 30 or, if January 30 is not a business day, midnight of the first business day thereafter and is the deadline by which allowances may be submitted for recordation in an affected unit’s compliance subaccount for the purposes of meeting the unit’s acid rain emissions limitation requirements for sulfur dioxide for the previous calendar year.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Service Transfer Date means the date of a Service Transfer;

  • Non-Competition Period means the period beginning at the end of the Term and ending one (1) year after the end of the Term.

  • Continuing Employee has the meaning set forth in Section 6.7(a).

  • Contribution Period means a period in respect of which contributions appropriate to the benefit in question are payable, have been paid or treated as paid under the legislation in question;

  • Transferred Employees has the meaning set forth in Section 6.4(a).