Individual Account Plan. The term “
Individual Account Plan. As soon as practicable after the Distribution Date, but in no event later than 90 days after the Distribution Date, Spinco shall establish a defined contribution plan and trust intended to qualify under Section 401(a) and Section 501(a) of the Code (the "Spinco Savings Plan"). The Company shall, within 180 days following the Distribution Date, but in no event prior to the receipt by the Company of written evidence of the adoption of the Spinco Savings Plan and the trust thereunder by Spinco and either (A) the receipt by the Company of a copy of a favorable determination letter issued by the IRS with respect to the Spinco Savings Plan or (B) an opinion, satisfactory to the Company's counsel, of Spinco's counsel to the effect that the terms of the Spinco Savings Plan and its related trust qualify under Section 401(a) and Section 501(a) of the Code, direct the trustee of the Loral Master Savings Plan and the Loral Aerospace Savings Plan (the "Company Savings Plans") to transfer to the trustee of the Spinco Savings Plan the account balances under the Company Savings Plans as of the date of transfer in respect of Spinco Employees in cash or in kind, as agreed to by the Company and Spinco; provided, however, all outstanding loans shall be transferred in kind. Upon such transfer, the Spinco Savings Plan shall assume all liabilities for all accrued benefits under the Company Savings Plans in respect of Spinco Employees that are transferred to the Spinco Savings Plan and the Company Savings Plans shall be relieved of all liabilities for such accrued benefits. The Company and Spinco shall cooperate in the filing of documents required by the transfer of assets and liabilities described herein. Notwithstanding anything contained herein to the contrary, no such transfer shall take place until the 31st day following the filing of all required Forms 5310-A in connection therewith. Upon the transfer of assets in accordance with this section 8.2(b), Spinco agrees to indemnify and hold harmless the Company, its officers, directors, employees, agents and affiliates from and against any and all Indemnifiable Losses arising out of or relating to the Spinco Savings Plan, including all benefits accrued by Spinco Employees prior to the Distribution Date.
Individual Account Plan. (a) The Board of Trustees is directed to terminate the Individual Account Plan effective March 31, 2004 and to distribute ERISA Section 204(h) notices as required. The Board of Trustees is authorized and directed to make arrangements to distribute the IAP assets to participants as soon as reasonably possible.
Individual Account Plan. (a) At such time following the Distribution Date as is agreed by FTX and FCX, FTX shall (i) cause the trustee of the FTX Individual Account Plan to identify the assets of the FTX Individual Account Plan representing the full account balances of Transferred Employees (other than Dual Employees) as of a date mutually agreed by FTX and FCX, (ii) make any and all filings and submissions to the appropriate governmental agencies arising in connection with such segregation of assets and (iii) make all necessary amendments to the FTX Individual Account Plan and related trust agreement to provide for such identification of assets and the transfer of assets as described below. The manner in which the account balances of Transferred Employees under the FTX Individual Account Plan are invested shall not be affected by such identification of assets.
Individual Account Plan. Provisions of the Individual Account Plan shall be as provided in the I.A.T.S.E. and M.P.T.A.A.C. Basic Agreement of 2015. "On call" weekly contributions shall be based upon a fifty-six (56) hour week.
Individual Account Plan. Notwithstanding anything to the contrary concerning the percentage contribution to the Individual Account Plan, the EMPLOYER shall only contribute the following percentages of the scale Regular Basic Hourly Rate of pay (in addition to any hourly contribution): Effective May 11, 2007 Three (3%) percent
Individual Account Plan a. Modify Article 5 (“Individual Account Plan”) to provide:
Individual Account Plan. “(a) Effective October 1, 2021 September 30, 2018, the Employer shall contribute to the Individual Account Plan: “Four percent (4%) of the "weekly base rate," as defined below (five percent (5%) effective October 2, 2022 and six percent (6%) effective October 1, 2023), for each full workweek of employment for each Associate Casting Director employed by the Employer under this Agreement on a theatrical motion picture (or an SVOD Program to which theatrical terms and conditions apply as provided in Article 19) under this Agreement; and “Five percent (5%) of the "weekly base rate," as defined below (six percent (6%) effective October 1, 2023), for each full workweek of employment for each Casting Director employed by the Employer under this Agreement.
Individual Account Plan. The Employer shall contribute to the Individual Account Plan, on behalf of each Casting Director and Associate Casting Director employed under this Agreement four percent (4%) of the “weekly base rate,” as defined below, for each full workweek of employment. The “weekly base rate,” for purposes of calculating the percentage contribution to the Individual Account Plan (irrespective of whether the Casting Director or Associate Casting Director is paid more or less than this amount) shall be as follows: 9/30/12 - 9/28/13 9/29/13 - 9/27/14 9/28/14 - 9/30/15 For Casting Directors employed on theatrical motion pictures: $2,960/week $3,020/week $3,080/week For Casting Directors employed on television motion pictures: $2,450/week $2,500/week $2,550/week For Associate Casting Directors employed on television or theatrical motion pictures: $735/week $800/week $800/week The “weekly base rate” shall be prorated at the rate of one-fifth of said amount for each day worked when the Casting Director or Associate Casting Director is employed for less than a full workweek.
Individual Account Plan. The Employer shall contribute to the Individual Account Plan: On behalf of each Associate Casting Director employed under this Agreement, four percent (4%) of the “weekly base rate,” as defined below, for each full workweek of employment; and On behalf of each Casting Director employed under this Agreement, four percent (4%) (four and one-half percent (4.5%) effective October 2, 2016 and five percent (5%) effective October 1, 2017) of the “weekly base rate,” as defined below, for each full workweek of employment. The “weekly base rate,” for purposes of calculating the percentage contribution to the Individual Account Plan (irrespective of whether the Casting Director or Associate Casting Director is paid more or less than this amount) shall be as follows: 10/1/15 - 9/30/18 For Casting Directors employed on theatrical motion pictures: $3,080/week For Casting Directors employed on television motion pictures: $2,550/week For Associate Casting Directors employed on television or theatrical motion pictures: $800/week The “weekly base rate” shall be prorated at the rate of one-fifth of said amount for each day worked when the Casting Director or Associate Casting Director is employed for less than a full workweek.
