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.
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.
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.
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...
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;
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.
