Benefits Maintenance Period definition

Benefits Maintenance Period the meaning set forth in Section 6.3(j)(i).
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Benefits Maintenance Period shall have the meaning ascribed to such term in Section 7.09(h).
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Benefits Maintenance Period means the period beginning on the Distribution Date and ending on December 31, 2009 or such other date as the parties mutually agree in writing during which Pride agrees to provide certain benefits and administrative services to Seahawk including (without limitation): (i) participation by Seahawk Employees in certain Pride Plans as described in ARTICLE IV and (ii) the provision of “Services” as defined in the Transition Services Agreement.
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Examples of Benefits Maintenance Period in a sentence

  • If an Eligible Retiree retires prior to a Qualified Transfer of Excess Pension Assets but is not eligible to receive Qualified Benefits during the taxable year immediately preceding the taxable year of the Qualified Transfer, Qualified Benefits provided under the Medical Benefits Plan during the Benefits Maintenance Period shall be substantially the same as the Qualified Benefits provided under the Medical Benefits Plan at the time the Eligible Retiree retires.

  • If Sedco Forex adopts a Schlumberger Plan pursuant to this paragraph, it shall maintain its status as a participating employer, including all rights and responsibilities associated with such status, through the Benefits Maintenance Period and shall end its participation upon the expiration of the Benefits Maintenance Period.

  • During the Benefits Maintenance Period, Pride shall provide written notice to Seahawk of any amendment or termination of any Pride Health and Welfare Plan, or any material feature thereof, including, but not limited to, any stop-loss insurance, in which Seahawk Employees participate on or after the Distribution Date, except to the extent such amendment or termination would not affect any benefits of Seahawk Employees under such Plans.

  • In addition, Seahawk shall provide, or cause to be provided, all participant information that is necessary or appropriate or as reasonably requested by Pride for the efficient and accurate administration of each Pride Plan or program that provides benefits to a Continuing Seahawk Participant during the Benefits Maintenance Period.

  • COBRA has the meaning given in Section 2.8. CONTRIBUTION PERIOD means the period following the Distribution Date that Sedco Forex participates in a Schlumberger Plan pursuant to Article II hereof, but in no event longer than the Benefits Maintenance Period.

  • Purchaser shall continue the Assumed Pension Plans without adverse effect to the Business Employees for the Benefits Maintenance Period and shall credit service of Business Employees with Sellers and Sold Subsidiaries for purposes of eligibility, vesting and retirement eligibility in all pension plans (within the meaning of Section 3(2) of ERISA) in which such Business Employees participate.

  • Continuing Seahawk Participants shall cease to be eligible to participate in Pride Health and Welfare Plans upon the expiration of the Benefits Maintenance Period, and, except with respect to claims incurred at or prior to the end of the Benefits Maintenance Period, Pride shall have no further obligations with respect to the health and welfare benefits of Seahawk Employees after the end of the Benefits Maintenance Period.

  • During the Benefits Maintenance Period, the Buyer shall maintain severance, reduction-in-force and pay-in-lieu-of-notice benefits for the Assumed Employees no less favorable than the severance, reduction-in-force and pay-in-lieu-of-notice benefits provided to such Assumed Employees by Sellers immediately prior to the Closing Date and disclosed on Schedule 5.10.

  • If a Buyer Entity adopts for the Transferred Employees any benefit plan maintained by a Seller Entity, Seller agrees that at the request of the Buyer it will, or will cause the applicable Seller Subsidiary to, administer the plan on behalf of the Buyer Entity and its employees during the Benefits Maintenance Period under such financial and other terms and conditions as are mutually agreeable to such Seller Entity and the applicable Buyer Entity.

  • Welfare Group Welfare Benefits Plan will be amended to provide that Continuing Seahawk Participants continue to participate in the plan during the Benefits Maintenance Period.


More Definitions of Benefits Maintenance Period

Benefits Maintenance Period shall have the meaning specified in Section 5.5(a).
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Benefits Maintenance Period shall have the meaning ascribed to such term in Section 7.09(h). "Business Day" means any day other than a day on which banks in the State of Texas are authorized or obligated to be closed;
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Benefits Maintenance Period has the meaning set forth in Section 9.01(b)(ii) hereof.
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Related to Benefits Maintenance Period

  • Maintenance Period means the period so specified in an adoption agreement as a period of time—

  • Yield Maintenance Period means the period from and including the date of this Note until but not including the Scheduled Initial Maturity Date.

  • 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.

  • Deferred Maintenance means improvements necessary for continued operations which do not improve productivity or alter the process technology.

  • Maintenance Term means, initially, the Maintenance Term identified in the Order. Upon expiration of the initial Maintenance Term, the Maintenance Term shall automatically renew for additional one (1) year periods unless terminated earlier by either party, at its option, by written notice at least sixty (60) days prior to the end of the then-current Maintenance Term. The Maintenance Term shall immediately terminate upon the termination, expiration, or cancellation of this Agreement for any reason.

  • Period of Maintenance means the specified period of maintenance from the date of completion of the works, as certified by the Engineer.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Service Period has the meaning given to it in Framework Schedule 4 (Template Order Form and Template Call Off Terms) as refined by a Contracting Body in a Call Off Agreement between that Contracting Body and the Supplier;

  • Principal Period of Maintenance means any nine consecutive hours per day (usually between the hours of 7:00 a.m. and 6:00 p.m.) as selected by the State, including an official meal period not to exceed one hour, Monday through Friday, excluding holidays observed at the installation.

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Operation and Maintenance Costs means the costs of:

  • Preventive Maintenance means that maintenance, performed on a scheduled basis by the Contractor, which is designed to keep the Equipment in proper operating condition.

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

  • Extended benefit period means a period which:

  • insurance period means a contribution period or an equivalent period;

  • Additional Compensation has the meaning set out in Section 11.3(1).

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Software Maintenance means the process of modifying software after delivery to correct faults, improve performance or other attributes, or adapt to a changed environment. (Reference ISO/IEC 14764:2006, as amended or superseded.) Software maintenance does not include any customization or configuration.

  • Coverage Period means the time period specified on the Declarations Page beginning on the effective date and ending on the expiration date. All dates are as of 12:01 AM in the time zone of the Policyholder.

  • Routine maintenance means activities to keep an impervious surface as near as possible to its constructed condition. This includes ordinary maintenance activities, resurfacing paved areas, and exterior building changes or improvements which do not materially increase or concentrate stormwater runoff, or cause additional nonpoint source pollution.

  • Emergency Maintenance means any period of maintenance for which, due to reasons beyond its reasonable control, Sprint Convergence is unable to provide prior notice of.