Pension and Retirement Plans Clause Samples

Pension and Retirement Plans. Neither Primero nor any Primero Subsidiary sponsors or participates in any Employee Benefit plan that is a pension or retirement plan, whether a money purchase plan or a defined benefit plan or otherwise.

Pension and Retirement Plans. Neither Orko nor any Orko Subsidiary sponsors or participates in any pension and/or retirement plan, whether a money purchase plan or a defined benefit plan or otherwise.

Pension and Retirement Plans. (i) The USNewco Employees shall participate in the tax-qualified M-I retirement plan for the benefit of similarly situated employees of the M-I Domestic Business in effect as of the day prior to the Effective Time, known as the M-I Profit Sharing and Savings Plan ("M-I Profit-Sharing Plan"), on and after the Effective Time (the "USNewco Profit-Sharing Plan"). M-I shall cause USNewco to assume the sponsorship of the M-I Profit-Sharing Plan, effective as of the Effective Time, and USNewco will take all such steps necessary to facilitate, cause and accept such transfer of plan sponsorship. After the transfer of plan sponsorship, USNewco shall timely take all actions necessary to ensure the plan's continued qualification under the Code, and continued compliance with ERISA and any other applicable laws. Each USNewco Employee, for purposes of vesting and eligibility under the USNewco Profit-Sharing Plan, will be credited with service equal to the eligibility and vesting service such employee had earned as of the Effective Time under the M-I Profit-Sharing Plan. (ii) M-I and Schlumberger agree that USNewco, as plan sponsor, may amend or modify the USNewco Profit-Sharing Plan following the Effective Time at such times and in such manner as it deems appropriate to provide reasonable benefits to its employees and to maintain the tax-qualified status of the plan and for the plan to remain in compliance with ERISA. (iii) M-I, Smit▇, ▇▇AC and MIPC, with respect to the M-I Profit-Sharing Plan, represent and warrant that the plan, and its related trust, meet, in all material respects, the applicable requirements for qualification under Sections 401(a) and (k) and 501(a) of the Code and comply in all material respects with ERISA. M-I, Smit▇, ▇▇AC and MIPC agree to indemnify Schlumberger and Schlumberger MI from and against any liability, penalty, cost or expense, including, but not limited to, reasonable attorney fees, incurred by or imposed on Schlumberger related to the M-I Profit-Sharing Plan prior to the Effective Time.

Pension and Retirement Plans. 44 11.4 U.S. Employees......................................................51

Pension and Retirement Plans. (a) List of plans This Section 11.3 deals with the following plans: -- Executive Staff Retirement Plan (1976) of Avenor Inc. (the "Vendor's 1976 Staff Plan"); -- Supervisory Employees' Retirement Plan (1976) of Avenor Inc. (the "Vendor's 1976 Supervisory Plan");

Pension and Retirement Plans. Except for the Group RRSP identified on Schedule 8 hereto, the Vendor does not have any pension or retirement plan for the employees of the Business.

Pension and Retirement Plans. □ The parties have no retirement or pension benefits to be divided. □ The parties each waive any interest in the other’s pension or retirement benefits. The parties further agree to sign such documents and share equally in any expenses that may be required to effectuate this term. □ The parties agree that the retirement or pension benefits of the parties shall be divided as follows: The parties further agree to sign such documents and share equally in any expenses that may be required to effectuate these terms.

Pension and Retirement Plans. 40.1 Effective January 1, 2012, all employees generally are eligible to participate in the ▇▇▇ retirement savings plan, the American Nurses Association Retirement and Savings Plan and Trust (hereinafter referred to as the “401(k) Plan”), subject to the requirements of that 401(k) Plan. 40.2 Effective April 1, 2012, the American Nurses Association Retirement Pension Plan (“Retirement Plan”) ceased all future benefit accruals for participants. This means that a participant’s normal retirement benefit accrued under the Retirement Plan is frozen as of March 31, 2012 and will not increase based on continued service or compensation received from the American Nurses Association after March 31, 2012. On and after April 1, 2012, no one will earn any additional benefits under the Retirement Plan based on service after March 31, 2012, and no new participants will be added to the Retirement Plan. All other provisions of the Retirement Plan, including vesting rules, will continue in effect. 40.3 The terms of the Retirement Plan and the 401(k) Plan are controlled by the Plan Document for each Plan and by law. This Article is intended as a general description of the Plans and is not intended to change or supersede the Plan Documents or the law in any way. To the extent the description contained in this Article conflicts in any way with the Plan Documents or with governing law, the terms of the Plan Documents and the law control.

Pension and Retirement Plans. Pool Employees who are unable to meet their minimum number of monthly shifts because of the lack of available shifts will continue to be considered active employees until a month where there are adequate shifts to meet the requirement.