Examples of transition year in a sentence
In connection with such transfer, Newco shall deem that such employees’ deferral elections made under Weyerhaeuser’s U.S. Flexible Spending Account Plan for the plan year in which the Closing occurs (or, as applicable, the Transition Year) shall continue in effect under Newco’s (or one of its affiliate’s) U.S. Flexible Spending Account Plan for the remainder of the plan year in which the Closing occurs (or, as applicable, the Transition Year).
Notwithstanding the foregoing, Executive may elect to receive his Supplemental Retirement Income Benefit in an optional form of benefit that is the actuarial equivalent of the normal form of benefit (e.g., monthly payments for the longer of two hundred forty (240) months or Executive’s lifetime), by completing the Transition Year Election Form attached hereto as Exhibit B.
Notwithstanding anything in the Plan to the contrary, a Director who previously filed a deferral election with the Company may elect to change his form of payment to another permissible form of payment (e.g., from a lump sum to installments, or vice versa) by filing with the Company a Transition Year Election Form, attached hereto as Exhibit D, provided that such election is made by the later of December 31, 2007, or the last day of the transition period under Code Section 409A.
Notwithstanding anything in the Plan to the contrary, a Director who previously filed a deferral election with the Bank may elect to change his form of payment to another permissible form of payment (e.g., from a lump sum to installments, or vice versa) by filing with the Bank a Transition Year Election Form, attached hereto as Exhibit D, provided that such election is made by the later of December 31, 2007, or the last day of the transition period under Code Section 409A.
At the start of the Transition Year, the Company put all exploration activity on-hold while it evaluated options for development at Esaase.