Continued Plan Participation Sample Clauses

Continued Plan Participation. (a) All U.S. Employees will continue to participate in the FNF 401(k) Plan (under the same terms and conditions under which they participated immediately prior to the Closing Date) during the period commencing on the Closing Date and continuing until a Change of Control of FNT occurs or until such earlier date as may be agreed to by the Parties. As long as any U.S. Employees participate in the FNF 401(k) Plan, FNT agrees to pay timely, or cause to be paid timely, to the FNF 401(k) Plan all elective deferrals and matching or other employer contributions related to the participation in the FNF 401(k) Plan of the U.S. Employees, in each case in accordance with the applicable FNF 401(k) Plan contribution procedures. Exhibit 10.5 (b) If FNT establishes a qualified defined contribution retirement plan ("FNT 401(k) Plan"), as soon as practicable after the date the FNT 401(k) Plan has received its determination letter from the Internal Revenue Service that it is qualified in form under Section 401(a) of the Code (or such earlier date as may be agreed to by the Parties), FNF shall cause the accounts, if any, of the U.S. Employees, their beneficiaries and their respective alternate payees, if any, under the FNF 401(k) Plan to be transferred to the FNT 401(k) Plan, and FNT shall cause such transferred accounts to be accepted by the FNT 401(k) Plan, in accordance with Section 414(l) of the Code to the extent applicable. Such transfer shall include credit for any Company matches allocable for the period ending on the last day such U.S. Employees participate in the FNF 401(k) Plan, it being understood that no condition exists that such U.S. Employee be employed by a participating employer on any other date to be eligible for such allocation. The transfer of such accounts shall be made in cash, interests in mutual funds, securities or other property or in a combination thereof, as the Parties may agree; provided that, to the extent practicable, the transferred accounts shall be reinvested initially in investments under the FNT 401(k) Plan that are comparable to the investments in which such accounts were invested immediately before the date of transfer, except with respect to portions of the transferred accounts invested in FNF common stock. Any outstanding U.S. Employee loan balances under the FNF 401(k) Plan shall also be transferred with the underlying accounts.
Sample 1
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Related to Continued Plan Participation

  • Continued Participation If Contractor elects to defend the claim, the City may retain separate counsel to participate in (but not control) the defense and to participate in (but not control) any settlement negotiations.

  • Participation in Plans Notwithstanding any other provision of this Agreement, the Executive shall have the right to participate in any and all of the plans or programs made available by the Company (or it subsidiaries, divisions or affiliates) to, or for the benefit of, executives (including the annual stock option and restricted stock grant programs) or employees in general, on a basis consistent with other senior executives.

  • Participation Contributor will participate in any Work Groups (defined in the Policy) identified above, and any other Work Groups that it actually participates in or notifies ODIF that it wants to participate in, according to the rules and procedures in the then-current OpenID Process Document (“Process Document”), which is fully incorporated into this Agreement by this reference, and subject to the Policy.

  • Employee Participation The Employer will assist employees' participation in health promotion and health education programs. Health promotion and health education programs that have been endorsed by the Employer (Minnesota Management & Budget) will be considered to be non-assigned job-related training pursuant to Administrative Procedure 21. Approval for this training is at the discretion of the Appointing Authority and is contingent upon meeting staffing needs in the employee's absence and the availability of funds. Employees are eligible for release time, tuition reimbursement, or a pro rata combination of both. Employees may be reimbursed for up to one hundred (100) percent of tuition or registration costs upon successful completion of the program. Employees may be granted release time, including the travel time, in lieu of reimbursement.

  • Eligibility for Group Participation This section describes eligibility to participate in the Group Insurance Program.

  • Participation in Benefit Plans The Executive shall be eligible to participate in the employee benefit plans and programs maintained by the Company from time to time for its executives, or for its employees generally, including without limitation any life, medical, dental, accidental and disability insurance and profit sharing, pension, retirement, savings, stock option, incentive stock and deferred compensation plans, in accordance with the terms and conditions as in effect from time to time.

  • Program Participation By participating in the CRF Program, Grantee agrees to: a. Not increase any Eligible Household’s rent through January 2021; b. Waive all costs, fees and charges incurred by Eligible Households as a result of non- payment or partial payment of rent during the impacted months; c. Not consider non-payment or partial payment by Eligible Households during impacted months when considering renewal of an Eligible Household’s lease, or, share this information with other rental properties, credit bureaus and tenant screening companies; d. Not initiate new Eligible Household evictions for non-payment of rent and must suspend all pending evictions of Eligible Households for nonpayment of rent for the duration of the rental payment assistance; e. Not issue a notice to vacate to Eligible Households for nonpayment of rent until the end of the Eviction Relief Period; and f. Not require Eligible Households to vacate the unit until 30 days after such notice.

  • Company Participation Subject to Section B.5, the Company shall not be liable to indemnify the Indemnitee under this Agreement with regard to any judicial action if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense, conduct and/or settlement of such action.

  • Joint Participation The parties hereto participated jointly in the negotiation and preparation of this Release, and each party has had the opportunity to obtain the advice of legal counsel and to review and comment upon the Release. Accordingly, it is agreed that no rule of construction shall apply against any party or in favor of any party. This Release shall be construed as if the parties jointly prepared this Release, and any uncertainty or ambiguity shall not be interpreted against one party and in favor of the other.

  • Termination of Participation If the Administrator determines in good faith that the Executive no longer qualifies as a member of a select group of management or highly compensated employees, as determined in accordance with ERISA, the Administrator shall have the right, in its sole discretion, to cease further benefit accruals hereunder.

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