Definition of Plan Sample Clauses

Definition of Plan a. Effective July 1, 2008, employees who meet the eligibility requirements may participate in Career Transition Trust by converting the allowable number of accrued sick leave hours, at 100% of their daily rate of pay, into payments to the State of Minnesota Deferred Compensation Plan (457) or the then applicable 403 (b) Plan offered by the District. The Career Transition Trust Plan is an employer contribution, which allows for such conversion until the employee reaches the maximum-capped deposit for the tier of benefits. The number of hours, which may be converted, is based on the sick leave conversion hours on September 1st of the fiscal year the conversion will be made.
Sample 1Sample 2Sample 3See All (14)
AutoNDA by SimpleDocs
Definition of Plan. All employees hired prior to July 1, 2002 must elect the sick leave severance or Career Transition Trust (CTT) plan. The Employee Benefits Department will distribute election forms no later than May 28, 2002. All employees must submit their election form to the Employee Benefits Department no later than June 30, 2002. If election forms are not submitted for individual employees, the CTT option will be selected by default. The selection made by employees or default will be binding. All employees hired after July 1, of 2002 shall only be eligible for CTT.
Sample 1Sample 2Sample 3See All (6)
Definition of Plan. All employees hired after July 1, 2001 shall only be eligible for Career Transition Trust.
Sample 1Sample 2Sample 3See All (4)
Definition of Plan. An employee who terminates their employment with the District at any age with at least 30 years of service or at the age of 55 or more with at least 15 years of service shall be paid fifty percent (50%) of their accrued sick leave balance at their rate of pay on the date of termination of employment. MERF employees are eligible after 29 years + 1 day of service. In order to be eligible for severance, the employee must be in good standing at the time of separation.
Sample 1Sample 2Sample 3
Definition of Plan. The definition of "Plan" contained in Section 1.01 of the Credit Agreement is hereby deleted in its entirety.
Sample 1
Definition of Plan. A new definition for the term "Plan" shall be added to Section 1.1 of the Indenture as follows:
Sample 1
Definition of Plan 
Sample 1Sample 2Sample 3See All (9)
AutoNDA by SimpleDocs

Related to Definition of Plan

  • Definition of the Terms “Business Day”, “Affiliate” and “Subsidiary”. For purposes of this Agreement, (a) “business day” means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close, and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities Act.

  • Incorporation of Plan Notwithstanding anything herein to the contrary, this Agreement shall be subject to and governed by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein.

  • Incorporation of Plan by Reference The Option is granted pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and the Option shall in all respects be interpreted in accordance with the Plan. The Committee shall interpret and construe the Plan and this instrument, and its interpretations and determinations shall be conclusive and binding on the parties hereto and any other person claiming an interest hereunder, with respect to any issue arising hereunder or thereunder.

  • Definition of Company Solely for purposes of this Article 6, the term "Company" also shall include any existing or future subsidiaries of the Company that are operating during the time periods described herein and any other entities that directly or indirectly, through one or more intermediaries, control, are controlled by or are under common control with the Company during the periods described herein.

  • Incorporation of Plan Provisions These Terms and Conditions and the Agreement are made pursuant to the Plan, the provisions of which are hereby incorporated by reference. Capitalized terms not otherwise defined herein shall have the meanings set forth for such terms in the Plan. In the event of a conflict between the terms of these Terms and Conditions and the Agreement and the Plan, the terms of the Plan shall govern.

  • Incorporation of Plan Terms This Option is granted subject to all of the applicable terms and provisions of the Plan, including but not limited to the limitations on the Company’s obligation to deliver Optioned Shares upon exercise set forth in Section 12 (Restrictions on Issue of Shares), Section 13 (Purchase for Investment; Subsequent Registration) and Section 14 (Withholding; Notice of Disposition of Stock Prior to Expiration of Specified Holding Period).

Time is Money Join Law Insider Premium to draft better contracts faster.