Actuarial Calculation Sample Clauses

Actuarial Calculation. With respect to the Material Plans and any other defined benefit pension Plans for which past service Liabilities must be assumed by Verigy or one of its Affiliates, the past service Liabilities for Non-United States Transferred Employees to be so transferred shall be calculated as of the Separation Date (or later date of employment for any Non-United States Transferred Employees whose employment with Verigy or a Verigy Subsidiary begins after the Separation Date) on an Accumulated Benefit Obligation ("ABO") SFAS 87 basis, using Agilent's May 31, 2006 interim assumptions, as set forth in Exhibit C hereto. If there is a required method for calculating Liabilities upon transfer under Applicable Local Law, such Applicable Local Law requirements will be applied. Agilent's Actuary shall make its initial determination of the Transfer Amount on or before the Separation Date. Not later than 30 days following the Distribution Date Agilent's Actuary shall make its final determination of the Transfer Amount. Verigy's Actuary shall then have a period of 30 days to review such determination for completeness and submit its findings in writing. The determination by Agilent's Actuary shall be final and binding on the parties unless and to the extent the Verigy's Actuary finds missing, incomplete or inaccurate data, in which case a revised calculation shall be performed by Agilent's Actuary using the additional, complete and accurate data within 30 days of the date that Verigy's Actuary submits its findings. Such revised calculation shall be final and binding on the parties.
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Actuarial Calculation. 3.1 Having been notified by the Vendor under paragraph 2.1, the Purchaser will procure that the Purchaser’s Actuary calculates the Completion Pension Scheme Liabilities and the Longstop Pension Scheme Liabilities and sends its calculation, in draft of such Pension Scheme Liabilities and its calculation of the Liability Movement Value (if any) and all calculation methodology and supporting documentation (the “Pension Pack”) to the Vendor within 60 Business Days of having been so notified (or such other date as may be agreed between the Vendor and the Purchaser). 3.2 The Vendor and the Vendor’s Actuary shall have 60 Business Days following receipt of the Pension Pack pursuant to paragraph 3.1 to review such materials. The Purchaser shall procure that the Purchaser’s Actuary, the Company and the Pension Scheme provide all information reasonably requested by the Vendor or the Vendor’s Actuary to enable the Vendor’s Actuary to check and confirm its agreement (or not) to the contents of the Pension Pack. If the Purchaser fails to provide such information within such period (and any extension agreed by the Vendor and the Purchaser) the matter shall be treated as a dispute and shall be resolved under paragraph 6 below. 3.3 Unless the Vendor shall within 60 Business Days of receipt of the Pension Pack (as provided in paragraph 3.1) serve a notice in writing on the Purchaser that it objects to the calculation of the draft Pension Scheme Liabilities and/or of the draft Liability Movement Value (identifying the reason for any objection and the amount(s) or item(s) and/or calculation which is/are in dispute) (such notification being, for the purposes of this paragraph 3.3, an “Objection Notice”) the Vendor shall be deemed to have irrevocably agreed to the draft Pension Scheme Liabilities and the Purchaser’s calculation of the Liability Movement Value. 3.4 If, within the period referred to in paragraph 3.3 the Vendor shall serve upon the Purchaser an Objection Notice then the Vendor and the Purchaser shall use their reasonable endeavours to reach agreement upon adjustments to the Pension Pack. Neither the Vendor nor the Purchaser shall be entitled to propose any adjustments to the Pension Scheme Liabilities and the Liability Movement Value as provided in paragraph 3.1, except: (i) in the case of the Vendor, an adjustment relating to any item referred to in its Objection Notice and (ii) in the case of either of them, an adjustment by way of counter-proposal to an adjustm...
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Related to Actuarial Calculation

  • Payment Calculation District shall pay Contractor at a rate of $ per . District shall pay Contractor as described in attached Exhibit A

  • Subsequent Recalculation In the event the Internal Revenue Service adjusts the computation of the Company under Section 5.2 herein so that the Executive did not receive the greatest net benefit, the Company shall reimburse the Executive for the full amount necessary to make the Executive whole, plus a market rate of interest, as determined by the Committee, within 30 days after such adjustment.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Early Termination Benefit If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

  • Early Retirement Benefit Upon Termination of Service prior to the Normal Retirement Age for reasons other than death, Change of Control or Disability, the Company shall pay to the Director the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Proration of calculations If less than total program funding is subject to interest calculation procedures, the resulting interest liability calculations shall be prorated to 100% of program funding.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Change of Control Benefit Upon a Change of Control, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Agreement.

  • Change in Control Benefit If a Change in Control occurs followed within twenty-four (24) months by Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.4 in lieu of any other benefit under this Article.

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