Material Feature definition

Material Feature means any feature of a Plan that could reasonably be expected to be of material importance to the sponsoring employer or the participants and beneficiaries of the Plan, which could include, depending on the type and purpose of the particular Plan, the class or classes of employees eligible to participate in such Plan, the nature, type, form, source, and level of benefits provided by the employer under such Plan and the amount or level of contributions, if any, required to be made by participants (or their dependents or beneficiaries) to or under such Plan.
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Material Feature means any feature of a Plan that could reasonably be expected to be of material importance to the sponsoring employer or the participants and beneficiaries of the Plan, which could include, without limitation, depending on the type and purpose of the particular Plan, the class or classes of employees eligible to participate in such Plan, the nature, type, form, source, and level of benefits provided by the employer under such Plan and the amount or level of contributions, if any, required to be made by participants (or their dependents or beneficiaries) to such Plan or that is a benefit, right or feature within the meaning of Code section 411(d)(6).
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Material Feature means any feature of a Plan that could reasonably be expected to be of material importance, in the aggregate, to the sponsoring employer or the participants (or their dependents or beneficiaries) of that Plan, which could include, depending on the type and purpose of the particular Plan, the class or classes of employees eligible to participate in such Plan, the nature, type, form, source, and level of benefits provided under such Plan, the amount or level of contributions, if any, required to be made by participants (or their dependents or beneficiaries) to such Plan, and the costs and expenses incurred by the sponsoring employer for implementing and/or maintaining such Plan.
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Examples of Material Feature in a sentence

  • Millipore shall not amend any Material Feature of any Millipore Plan in which Mykrolis is a Participating Company, except to the extent: (i) such amendment would not materially affect any coverage or benefits solely with respect to Mykrolis Employees under such Plan; or (ii) such amendment is necessary or appropriate to comply with applicable law.

  • Notwithstanding the foregoing, neither Party shall, without first consulting with the other Party, amend any Material Feature of a Plan in which the other Party is a Participating Company, except to the extent such amendment would not affect any benefits of the other Party’s employees under such Plan or as may be necessary or appropriate to comply with applicable law or a Labor Agreement.

  • Nothing in this Subsection 2.4(b) shall prevent ▇▇▇▇ ▇▇▇▇▇▇▇ from amending any Material Feature of any ▇▇▇▇ ▇▇▇▇▇▇▇ Plan in which BMS is a Participating Company, provided that the notice required under this Subsection 2.4(b) is timely given.

  • Nothing in this Subsection 2.3(b) shall prevent BMS from amending any Material Feature of any BMS Plan in which ▇▇▇▇ ▇▇▇▇▇▇▇ is a Participating Company, provided that the notice required under this Subsection 2.3(b) is timely given.

  • BMS shall not, without first providing at least thirty (30) calendar days’ written notice to ▇▇▇▇ ▇▇▇▇▇▇▇, amend any Material Feature of any BMS Plan in which ▇▇▇▇ ▇▇▇▇▇▇▇ is a Participating Company, except to the extent such amendment would not affect any benefits of ▇▇▇▇ ▇▇▇▇▇▇▇ Transferred Employees under such Plan or as may be necessary or appropriate to comply with applicable law.

  • Material Feature...........................................................................

  • Millipore shall not amend any Material Feature of any Millipore Plan in which MMI is a Participating Company, except to the extent: (i) such amendment would not materially affect any coverage or benefits solely with respect to MMI Employees under such Plan; or (ii) such amendment is necessary or appropriate to comply with applicable law.

  • TOTAL 06 Aux Table Expansion Material Feature #820085 Requires Installation Item 08.

  • KOMAG shall not, without first consulting with Chahaya, amend any Material Feature of any KOMAG Plan in which Chahaya is a Participating Company, except to the extent such amendment would not affect any benefits of Chahaya Employees under such Plan or as may be necessary or appropriate to comply with applicable law.


More Definitions of Material Feature

Material Feature means any feature of a Plan that is a benefit, right or feature within the meaning of Code section 411(d)(6).
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Material Feature means any feature of a Plan that could reasonably be expected to be of material importance, in the aggregate, to the sponsoring
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Material Feature means any feature of a Plan that could reasonably be expected to be of material importance to the sponsoring employer or the participants and beneficiaries of the Plan, which could include, without limitation, depending on the type and purpose of the particular Plan, the class or classes of employees eligible to participate in such Plan, the nature, type, form, source, and level of benefits provided by the employer under such Plan and the amount or level of contributions, if any, required to be made by participants (or their dependents or beneficiaries) to such Plan or that is a benefit, right or feature within the meaning of Code section 411(d)(6). “NON-EMPLOYER STOCK FUND” is defined in Section 3.3(c)(ii) of this Agreement. “PARTICIPATING COMPANY” means any Person (other than an individual) that is participating in a Plan sponsored by a member of the Crown Group or a member of the Constar Group, as the context requires. “PENSION PLANS” means the Retirement Plans designated as such in Part 1 or Part 2 of Appendix B, as applicable. “PERSON” means an individual, a general or limited partnership, a corporation, a trust, a joint venture, an unincorporated organization, a limited liability entity or any other entity. “PLAN” means any plan, policy, program, payroll practice or other arrangement, whether written or unwritten, providing benefits to Employees or former Employees of the Crown Group or the Constar Group.
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Material Feature means any feature of a Plan that could reasonably be expected to be of material importance to the sponsoring employer or the participants and beneficiaries of the Plan, which could include, without limitation, depending on the type and purpose of the particular Plan, the class or classes of employees eligible to participate in such Plan, the nature, type, form, source, and level of benefits provided by the employer under such Plan and the amount or level of contributions, if any, required to be made by participants (or their dependents or beneficiaries) to such Plan or that is a benefit, right or feature within the meaning of Code section 411(d)(6). NON-EMPLOYER STOCK FUND is defined in Section 3.3(d)(ii) of this Agreement.
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Material Feature means any feature of a Plan that could reasonably be expected to be of material importance to the sponsoring employer or the
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Related to Material Feature

  • Commercial Features means those features that are identified as such in the Licensing Information User Manual – Oracle Java SE and Oracle Java Embedded Products Document, accessible at ▇▇▇▇://▇▇▇.▇▇▇▇▇▇.▇▇▇/technetwork/java/javase/documentation/index.html, under the “Description of Product Editions and Permitted Features” section.

  • material hoist means a hoist used to lower or raise material and equipment, excluding passengers; "medical certificate of fitness" means a certificate contemplated in regulation 7(8);

  • Software Error means a reproducible defect or combination thereof in the Software that results in a failure of the Software when used in accordance with the Documentation. Software Errors do not include those errors caused by (a) Licensee’s negligence, (b) any unauthorized modification or alteration Licensee makes to the Software, (c) data that does not conform to Licensor’s specified data format, (d) operator error, or (e) use not conforming to the Licensor’s supported technical environment specified in the Documentation.

  • Licensed Material means radioactive material received, possessed, used, transferred or disposed of under a general or specific license issued by the Agency.

  • Material IP means any Intellectual Property that is material to the conduct of the business of the Borrower and its Restricted Subsidiaries, taken as a whole.