During the Deferral Period Sample Clauses

During the Deferral Period. Pensionable service and pension accruals shall conform to the provisions of the appropriate pension plan and will include prescribed compensation as permitted and described in the Income Tax Act and Regulations.
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During the Deferral Period a) any applicable pension contributions and benefits computed with reference to salary shall be structured according to the normal gross pay; b) the participant and employer will continue paying the regular share of pension contributions and health and welfare premiums as detailed in article 17.10; and c) pensionable service and pension accruals shall conform to the provisions of the appropriate pension plan and will include prescribed compensation as permitted and described in the Income Tax Act and Regulations.
Sample 1Sample 2Sample 3
During the Deferral Period a) any applicable pension contributions and benefits computed with reference to salary shall be structured according to the Normal Gross Pay; b) the Participant and Employer will continue paying the regular share of pension contributions and health and welfare premiums as detailed in Article 17.10; and c) pensionable service and pension accruals shall conform to the provisions of the appropriate pension plan and will include prescribed compensation as permitted and described in the Income Tax Act and Regulations. 17.3.8 17.3.9 17.4 17.4.1 17.4.2 17.4.3 17.5.1 During the leave of absence period: a) all the applicable Collective Agreement provisions respecting an unpaid leave of absence shall apply; b) the Participant and the Employer will each pay the regular share of pension contributions and health and welfare premiums as detailed in Article 17. IO; and c) pensionable service and pension accruals shall conform to the provisions of the appropriate pension plan and will include prescribed compensation as permitted and described in the Income Tax Act and Regulations. An Eligible Employee wishing to participate in the Plan shall submit a prior approval to the immediate out-of-scope Supervisor between September 1 and October 31 of the year preceding the calendar year in which the Eligible Employee wishes to commence participating. Applications for which approval is not granted by the out-of-scope Supervisor will be Applications which do not specify the intended dates of the commencement and ending dates of the leave of absence and the purpose of the leave of absence will be denied. A Participant’s membership in the Plan must be withdrawn upon: a) ceasing to be an employee of the Employer; b) continuous lay-off exceeding thirty-six (36) months; c) having been a recipient of long-term disability benefits for more than two (2) years; d) failure to take the leave of absence as provided in the Collective Agreement and amendments thereto; or e) death Upon a Participant’s membership ceasing pursuant to Article 17.4.5.1, the Employer shall pay to the Participant, or the beneficiary as applicable, the Deferred Amount no later than three (3) months after ceasing membership. In cases of extreme financial hardship, and with the consent of the Human Resource Manager, or designate, in consultation with the Supervisor, the Participant may withdraw from the Plan providing the request for such withdrawal is received at least six (6) months before the established commencement d...
Sample 1
During the Deferral Period the Seller shall continue to pay the salaries and provide the benefits to the Designated Sales Personnel which the Seller has paid and provided prior to the Closing. Without limiting the foregoing, the Designated Sales Personnel shall continue to be covered during the Deferral Period by the Seller's Employee Benefit Plans in which they participate as of the date hereof.
Sample 1
During the Deferral Period. 2.1.1. the Builder shall complete all the items set out in Sections A and B of Appendix 4 hereto; 2.1.2. subject to the completion by the Builder of the items set out in Section A of Appendix 4 hereto, Technical Acceptance of the Unit by the Purchaser shall take place; and 2.1.3. after Technical Acceptance of the Unit, the Builder shall, at its exclusive cost and risk and to the standards of a prudent major international shipyard: (i) maintain the Unit at the quayside of the Builder’s yard in Singapore and in a condition to be mutually agreed; (ii) maintain and preserve in operational order all machinery, equipment and spare parts relating to the Unit; and (iii) provide security for the Unit to ensure that no personnel other than (i) the personnel of the Builder or of its subcontractors who are working on the Unit, (ii) personnel working for the Purchaser, (iii) personnel from any third party interested in buying the Unit (who shall provide confidentiality undertakings in a form reasonably satisfactory to the Purchaser) or (iv) other personnel authorized by the Purchaser and the Builder, can board the Unit or inspect the Unit or any machinery and equipment relating to the Unit.
Sample 1
During the Deferral Period the Borrower shall establish and maintain its Borrowing Base at a value of no less than $6,720,931.00 as calculated based on the following criteria: a. raw materials 30% b. work in progress 0% c. finished goods 60% d. accounts receivable (aged 75% less than 90 days) e. equipment (1) Equipment acquired prior to November 1, 2000 shall be valued at the Forced Liquidation Value ("FLV") based on the equipment appraisal determined by BL Enterprises dated November 1, 2000;
Sample 1

Related to During the Deferral Period

  • Limitation Period Except as stated in this Clause, all claims must be made within the period specified by applicable law. If the law allows the parties to specify a shorter period for bringing claims, or the law does not provide a time at all, then claims must be made within 18 months after the event(s) giving rise to a dispute occurs.

  • Election Period The period which begins on the first day of the Plan Year in which the Participant attains age thirty-five (35) and ends on the date of the Participant’s death. If a Participant separates from Service prior to the first day of the Plan Year in which age thirty-five (35) is attained, the Election Period shall begin on the date of separation, with respect to the account balance as of the date of separation.

  • Suspension Period (a) The Company may suspend the use of a prospectus that is part of a Registration Statement for up to 30 consecutive days (or such shorter period as the Company determines in good faith is necessary under the circumstances, with extensions beyond such shorter period up to the 30-day maximum as may be required after consultation with counsel) from the date of the Suspension Notice (as defined below) in any given 12-month period, and therefore suspend sales of Registrable Securities available for sale pursuant to such Registration Statement (such period, the “Suspension Period”) by providing written notice to each Holder if the Company’s board of directors determines in its reasonable good faith judgment that such suspension is in the best interests of the Company. (b) In the case of an event that causes the Company to suspend the use of a Registration Statement as set forth in Section 3(a) above (a “Suspension Event”), the Company shall promptly give a written notice to the Holders (a “Suspension Notice”) to suspend sales of the Registrable Securities (but shall not contain any material non-public information concerning the Company) and that such suspension shall continue only for so long as the Suspension Event is continuing. A Holder shall not effect any sales of the Registrable Securities pursuant to such Registration Statement (or such filings) at any time after it has received a Suspension Notice from the Company and prior to receipt of an End of Suspension Notice (as defined below). Each Holder agrees that such Holder shall treat as confidential the receipt of the Suspension Notice and shall not disclose the information contained in such Suspension Notice without the prior written consent of the Company until such time as the information contained therein is or becomes available to the public generally, other than as a result of disclosure by the Holder in breach of the terms of this Agreement; provided, that the foregoing will not prohibit the Holder from trading in the Registrable Securities solely by virtue of having received a Suspension Notice and the information contained therein. A Holder may recommence effecting sales of the Registrable Securities pursuant to the Registration Statement (or such filings) following further written notice to such effect (an “End of Suspension Notice”) from the Company, which End of Suspension Notice shall be given by the Company to the Holders promptly following the conclusion of any Suspension Event.

  • During the Term As compensation for services hereunder rendered during the Term hereof, Executive shall receive a base salary (“Base Salary”) of Five Hundred Thousand Dollars ($500,000) per year payable in equal installments in accordance with the Company’s payroll procedure for its salaried executives. Salary payments and other payments under this Agreement shall be subject to withholding of taxes and other appropriate and customary amounts. Executive may receive increases in his Base Salary from time to time, based upon his performance, subject to approval of the Company.

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Meal Period A Contractor shall schedule an unpaid period of not more than 1/2 hour duration at the work location between the 3rd and 5th hour of the scheduled shift. A Contractor may, for efficiency of operation, establish a schedule which coordinates the meal periods of two or more crafts. If an employee is required to work through the meal period, the employee shall be compensated in a manner established in the applicable Schedule A.

  • Allocations During the Early Amortization Period During the Early Amortization Period, an amount equal to the product of the Allocation Percentage and the aggregate amount of Principal Collections processed on such Date of Processing shall be allocated to the 2009-VFN Noteholders and transferred to the Principal Account until applied as provided herein; provided, however, that after the date on which an amount of such Principal Collections equal to the Note Principal Balance has been deposited into the Principal Account such amount shall be first, if any other Principal Sharing Series is outstanding and in its accumulation period or amortization period, retained in the Principal Account for application, to the extent necessary, as Shared Principal Collections to other Principal Sharing Series on the related Distribution Date, second deposited in the Excess Funding Account to the extent necessary so that the Transferor Amount is not less than the Specified Transferor Amount and third paid to the holders of the Transferor Interest.

  • Retention Period The Engineer shall maintain all books, documents, papers, accounting records and other evidence pertaining to costs incurred and services provided (hereinafter called the Records). The Engineer shall make the records available at its office during the contract period and for seven (7) years from the date of final payment under this contract, until completion of all audits, or until pending litigation has been completely and fully resolved, whichever occurs last.

  • Partial Disposal During Term of Service Agreement Throughout the Term of the Service Agreement, LEA may request partial disposal of Student Data obtained under the Service Agreement that is no longer needed. Partial disposal of data shall be subject to LEA’s request to transfer data to a separate account, pursuant to Article II, section 3, above.

  • Limitation Periods To the extent that any limitation period applies to any claim for payment of the Obligations or remedy for enforcement of the Obligations, the Obligor agrees that: (a) any limitation period is expressly excluded and waived entirely if permitted by applicable law; (b) if a complete exclusion and waiver of any limitation period is not permitted by applicable law, any limitation period is extended to the maximum length permitted by applicable law; (c) any applicable limitation period shall not begin before an express demand for payment of the Obligations is made in writing by the Credit Union to the Obligor; and (d) any applicable limitation period shall begin afresh upon any payment or other acknowledgment of the Obligations by the Obligor.