AUSTRALIAN SUPERANNUATION ARRANGEMENTS Sample Clauses

AUSTRALIAN SUPERANNUATION ARRANGEMENTS. (a) Unless otherwise provided for in this Section 12.7, Sections 12.4(a), 12.2(f) and (g), shall not apply in respect of any Benefit Plan to which Invensys Flow Control Australasia Pty Ltd. ("IFC Australasia") contributes, or any other superannuation arrangements or obligations of IFC Australasia ("Australian Superannuation Arrangements"). (b) Any provision of this Agreement applicable to a Benefit Plan and which refers to a law of the United States of America, or to any other jurisdiction other than Australia, does not apply with respect to the Australian Superannuation Arrangements to the extent of that reference. (c) Schedule 8.10(f) lists each Australian Superannuation Arrangement which is a Foreign Benefit Plan ("Australian Benefit Plan"). (d) None of the Purchaser, the Target Subsidiaries and their respective Affiliates shall adopt or become a sponsoring employer of the Invensys Australia Superannuation Fund. (e) Where an employee of IFC Australasia who will continue in employment with IFC Australasia after the Closing Date ("Australian Business Employee") is a member of the Invensys Australia Superannuation Fund or another superannuation arrangement to which the Purchaser is not permitted to contribute after the Closing Date ("Previous Fund"): (i) the Purchaser shall use its best endeavours to ensure that, as soon as reasonably practicable after the Closing Date, it makes arrangements for that Australian Business Employee to become a member of an alternative superannuation fund ("Purchaser's Fund") which will provide for that Australian Business Employee benefits which are no less favourable than those conferred by the Previous Fund, where the previous Fund is a defined contribution plan. If the Previous Fund is a defined benefit plan, the Purchaser's fund will provide retirement benefits comparable to its similarly situated employees of Purchaser. The Purchaser must ensure that the Purchaser's Fund will be a "Complying Fund" as defined under the Superannuation Industry (Supervision) Act 1993 and that the Purchaser's Fund otherwise complies with xxx xxxlicable statutory requirements; (ii) the Purchaser shall make superannuation contributions from the Closing Date in respect of the Australian Business Employee to the Purchaser's Fund at the applicable rate so as not to incur a superannuation guarantee charge liability under the Superannuation Guarantee Charge Act 1992 (Commonwealth of Australia); (iii) the Seller and Purchaser must, as soon as reason...
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Related to AUSTRALIAN SUPERANNUATION ARRANGEMENTS

  • Superannuation 13.1 The Employer shall contribute, on behalf of the Employee, superannuation to a fund that will be nominated by the Employer, in accordance with the requirements of the relevant, prevailing superannuation legislation.

  • Special Arrangements Fees for activities of a non-recurring nature such as reorganizations, and/or preparation of special reports will be subject to negotiation.

  • Business Arrangements Except as disclosed in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus, neither the Company nor any of its subsidiaries has granted rights to develop, manufacture, produce, assemble, distribute, license, market or sell its products to any other person and is not bound by any agreement that affects the exclusive right of the Company or such subsidiary to develop, manufacture, produce, assemble, distribute, license, market or sell its products.

  • Other Arrangements Nothing in this agreement shall be construed to prevent or inhibit other arrangements or practices of any party state or states to facilitate the interchange of educational personnel.

  • Implementation Arrangements Institutional Arrangements

  • Equity Arrangements On the Change of Control, and notwithstanding any contrary provisions of the Amended and Restated 1994 Stock Option Plan, the Second Amended and Restated 1996 Long-Term Performance Incentive Plan or the 2003 Equity Incentive Plan (or any plans that may become the successors to such plans) and any equity incentive agreements entered into between the Company and the Executive pursuant to such plans or otherwise, cause any unexercisable installments of any equity of the Company or any subsidiary or affiliate of the Company held by the Executive pursuant to any such equity incentive agreement on the Executive’s last date of employment with the Company that have not expired to become exercisable, or in the case of any then effective restrictions on the vesting of any equity of the Company or any subsidiary or affiliate of the Company held by the Executive pursuant to any such equity incentive agreement, to cause such restrictions to lapse, as the case may be, on the Change of Control; and

  • Superannuation fund Unless, to comply with superannuation legislation, the employer is required to make the superannuation contributions provided for in Clause 24(b) to another superannuation fund that is chosen by the employee, the employer must make the superannuation contributions provided for in Clause 24(b) and pay the amount authorised under Clauses 24(d)(i) or 24(d)(ii) to one of the following superannuation funds: (i) Health Employees Superannuation Trust of Australia (HESTA); (ii) any superannuation fund to which the employer was making superannuation contributions for the benefit of its employees before 12 September 2008, provided the superannuation fund is an eligible choice fund and is a fund that offers a MySuper product or is an exempt public sector scheme.

  • Financial Arrangements The Commonwealth will provide an estimated total financial contribution to the States of up to $9.5 billion (GST exclusive) in respect of this Agreement, as set out in Part 5 – Financial Arrangements.

  • Compensation Arrangements (a) Following receipt of an RoU Claim Notice in respect of a Type 2 Restriction of Use, Network Rail and the Train Operator shall (if they have not already done so) commence negotiations in respect of the RoU Direct Costs compensation to be paid by one party to the other in respect of such Type 2 Restriction of Use and, subject to paragraph 10, shall continue such negotiations in good faith until they are concluded. (b) Once the compensation referred to in paragraph 6.1(a) has been agreed or determined (and has been compared against any amounts calculated under paragraph 4 together with any other amounts paid or due to the Train Operator from Network Rail in relation to such Restriction of Use) then, in the event of: (i) a shortfall for the Train Operator, the compensation to be paid by Network Rail to the Train Operator shall be the full amount of the RoU Direct Costs actually incurred by the Train Operator less any amounts calculated under paragraph 4 which have already been paid or are due for such Restriction of Use and any other amounts in respect of any RoU Direct Costs received by the Train Operator from Network Rail in respect of such Restriction of Use; or (ii) an overpayment by Network Rail to the Train Operator, the compensation to be paid by the Train Operator to Network Rail shall be the difference between the amount received by the Train Operator which was calculated under paragraph 4 and the RoU Direct Costs actually incurred by the Train Operator in respect of such Restriction of Use. (c) Network Rail shall include in the statement provided by it in respect of each Period under paragraph 13.1(a) details of the compensation agreed or determined under this paragraph 6 and paragraph 10 to be payable in respect of any Type 2 Restriction of Use taken in that Period and that compensation shall be due and payable by the relevant party to the other in accordance with paragraph 13.1.

  • Tax Arrangements 47.1 Where the Contractor is liable to be taxed in the UK in respect of consideration received under this contract, it shall at all times comply with the Income Tax (Earnings and Xxxxxxxx) Xxx 0000 (ITEPA) and all other statutes and regulations relating to income tax in respect of that consideration. 47.2 Where the Contractor is liable to National Insurance Contributions (NICs) in respect of consideration received under this Framework Agreement, it shall at all times comply with the Social Security Contributions and Benefits Xxx 0000 (SSCBA) and all other statutes and regulations relating to NICs in respect of that consideration. 47.3 The Authority may, at any time during the term of this Framework Agreement, request the Contractor to provide information which demonstrates how the Contractor complies with sub-clauses 47.1 and 47.2 above or why those clauses do not apply to it. 47.4 A request under sub-clause 47.3 above may specify the information which the Contractor must provide and the period within which that information must be provided.

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