Back Service Credit Sample Clauses

Back Service Credit. Service of each Current Employee shall be recognized by the Buyer's pension plans (to the extent that such plans cover Current Employees), the Companies' 401(k) Plan and the Companies' Welfare Benefit Plans for all purposes, including vesting, benefit accrual, eligibility for benefits, level of benefits and optional forms of payment. In addition, the Companies' Welfare Benefit Plans shall grant credit to the Current Employees and their covered dependents for payments made by such individuals toward out-of-pocket maximums, co-payments and deductibles for the year in which the Closing Date occurs.
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Back Service Credit. 29 (h) Disability Workers' Compensation. . . . . . . . . . . . . . . 29 (i) Severance Policy. . . . . . . . . . . . . . . . . . . . . . . 29 (j) Collective Bargaining Agreement . . . . . . . . . . . . . . . 30 7. Conditions to Obligations to Closing. . . . . . . . . . . . . . . . 30 (a) Conditions to Obligation of the Buyer . . . . . . . . . . . . 30 (b) Conditions to Obligations of the Seller . . . . . . . . . . . 31 8. Remedies for Breach of This Agreement . . . . . . . . . . . . . . . 32
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Back Service Credit. Service of each Current Employee shall be recognized by the Buyer's pension plans, the Buyer's 401(k) Plan and the Buyer's Welfare Benefit Plans for all purposes, including, without limitation, vesting, eligibility for benefits and level of benefits but not benefit accrual or optional forms of payment. (h)
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Back Service Credit. Loaned Conditions ..........................
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Back Service Credit. To the extent permitted by law, Hexcel shall cause Hexcel's Plans to give the U.S. Transferred Business Employees full credit for service recognized by CGC's Plans for all purposes other than benefit accrual under any defined benefit plan.
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Back Service Credit. Service of each Current Employee from the service date set forth in Schedule 7.01 shall be recognized by Purchaser's Pension Plan, Purchaser's 401(k) Plan and Purchaser's Welfare Benefit Plans for all purposes, including, without limitation, vesting, benefit accrual, eligibility for benefits, level of benefits and optional forms of payment.
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Back Service Credit. In respect of any Transferring Members who may be entitled to benefit from a Back Service Credit under the draft resolution under Rule 32 and the letter dated 18 May 2001 (as described in the Disclosure Letter) (BACK SERVICE CREDIT MEMBERS), Purchaser A undertakes to EFPL that it will grant Back Service Credits in the Purchaser's Scheme to the Back Service Credit Members as if their pensionable service in the Pension Scheme and the Purchaser's Scheme were continuous on the terms set out in the said draft resolution and letter and (a) will pay to the Purchaser's Scheme any outstanding contributions which First Hydro Company or the participating employer concerned would otherwise have been obliged to pay to secure those benefits and (b) will allow the Back Service Credit Members concerned to continue to pay to the Purchaser's Scheme any outstanding contributions which they would otherwise have been obliged to pay to the Pension Scheme to secure those benefits. ELECTRICITY SUPPLY PENSION SCHEME EDISON MISSION ENERGY GROUP DEED OF TEMPORARY PARTICIPATION THIS DEED is made on 2001 BETWEEN:
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Back Service Credit. Service of a Composites Employee prior to the Closing Date which is recognized by a Composites Employee Plan shall be recognized by the comparable post Closing Employee Plan of Purchaser or Composites for all purposes to include, without limitation, vesting, benefit accrual, participation, eligibility for benefits, level of benefits, and optional forms of payment.
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Related to Back Service Credit

  • Service Credit Time spent on authorized leaves of absence without pay will count towards seniority, including service credit for annual step increases, layoff purposes, and for computing the amount of vacation leave, provided the employee is properly returned to service and is not serving a probationary period. Employees that do not return to service from a personal leave of absence shall not receive service credit for the time spent on such leave.

  • Past Service Credit Executive shall be given full credit for Executive's prior years of service with Company for all purposes under the plans, programs, policies, agreements and practices covering Executive pursuant to this Section.

  • Service Credits Employees on pregnancy leave shall be entitled to normal accumulation of service credits for the duration of the pregnancy leave.

  • Separate Credit The Partnership shall not (i) pay its own liabilities from a source other than its own funds, (ii) guarantee or become obligated for the debts of any other Person, except its Subsidiaries, (iii) hold out its credit as being available to satisfy the obligations of any other Person, except its Subsidiaries, (iv) acquire obligations or debt securities of the General Partner or its Affiliates (other than the Partnership or its Subsidiaries), or (v) pledge its assets for the benefit of any Person or make loans or advances to any Person, except its Subsidiaries; provided that the Partnership may engage in any transaction described in clauses (ii)–(v) of this Section 2.9(e) if prior Special Approval has been obtained for such transaction and either (A) the Conflicts Committee has determined, or has obtained reasonable written assurance from a nationally recognized firm of independent public accountants or a nationally recognized investment banking or valuation firm, that the borrower or recipient of the credit extension is not then insolvent and will not be rendered insolvent as a result of such transaction or (B) in the case of transactions described in clause (iv), such transaction is completed through a public auction or a National Securities Exchange.

  • Change in Credit and Collection Policy At least thirty (30) days prior to the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a copy of the Credit and Collection Policy then in effect and a notice (A) indicating such change or amendment, and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables, requesting the Agent's consent thereto.

  • Availability Reserves All Revolving Loans otherwise available to Borrower pursuant to the lending formulas and subject to the Maximum Credit and other applicable limits hereunder shall be subject to Lender's continuing right to establish and revise Availability Reserves.

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