Examples of Towers Xxxxxx in a sentence
Towers Xxxxxx Reinsurance are hereby recognized as the Intermediaries negotiating this Agreement for all business hereunder and through whom all communications relating hereto (including but not limited to notices, statements and reports) shall be transmitted to both parties.
Any notice hereunder by the Participant shall be given to the Company in writing and such notice shall be deemed duly given only upon receipt thereof by the Company, delivered to Towers Xxxxxx & Co., 000 X.
Bankers Trust Company is willing to act as Trustee of the Trust, and Towers Xxxxxx is willing to act as Recordkeeper of the Trust, upon all of the terms and conditions hereinafter set forth.
For this purpose, the ASC 715-60 accumulated post-retirement health benefit obligation will be measured at the Plan Split Date using the discount rate in effect at the Plan Split Date, and those other actuarial assumptions then being used by Towers Xxxxxx to satisfy Timken’s ASC 715-60 reporting obligation.
All payments payable to the Executive pursuant to this Section 7, except for payments payable as a lump sum, shall be made to a trust which shall be established for such purpose and shall provide for Towers Xxxxxx (or such other trustee mutually acceptable to the Company and the Executive) to serve as the trustee thereof.
The Company will place an amount in a “rabbi trust” with Towers Xxxxxx (or such other trustee mutually acceptable to the Company and the Executive) equal to the Deferred Amount, plus the interest that will accrue thereon.
All communications (including but not limited to notices, statements, premium, return premium, commissions, taxes, losses, loss adjustment expense, salvages and loss settlements) relating thereto shall be transmitted to the Company or the Reinsurers through Towers Xxxxxx, Centre Square East, 0000 Xxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx, 00000-0000.
Unless otherwise agreed by the Parties, actuarial determinations pursuant to this Section 5.01(c)(ii) shall be made by Towers Xxxxxx.
As of the Distribution Date, the Parent Group shall make a payment to SpinCo in an amount equal to the actuarial present value of such Liabilities that are attributable to Employees who historically provided services to the Parent Business and a prorated portion of such Liabilities that are attributable to Employees who historically provided services to both the SpinCo Business and Parent Business, as determined by Towers Xxxxxx based on reasonable actuarial assumptions in consultation with Parent.
To the extent that Participant has entered into a Towers Xxxxxx Confidentiality and Non-Solicitation Agreement after September 1, 2010, such existing agreement will satisfy this condition.