E.R.S. Act and Regulations; and application for such credited military service will be in accordance with the provisions of the O.M.
E.R.S. Act and Regulations, use his/her adjusted sick time credit as credited time for pension purposes prior to his/her retirement. (For example, a member who has 1040 hours and effectively ceases work and goes on leave of absence on February 1st, with 33-1/2 years service, would be retained on the payroll for approximately six (6) months and his/her service for O.M.E.R.S. purposes would be 34 years.) During that period of approximately six (6) months the member would not be covered by the provisions of the Workplace Safety and Insurance Act and would not receive vacation, statutory holiday entitlement, or any other benefits hereunder save and except such insured benefits available to members hereunder. In any case service could not be extended under this option beyond a maximum of thirty- five (35) years by such use of adjusted sick time credits.
E.R.S. Borrower will use commercially reasonable efforts and cooperate with Lender to cause the ERS to be fully operational and functional. Upon the establishment of the ERS, Borrower shall commence utilizing the ERS for electronic reporting as required by this Agreement.
E.R.S. Buyer shall pay for Orders authorized for payment via Buyer’s evaluated receipt settlement (“ERS”) process 3% 30, net 90 days from the date products are received on Buyer’s dock or services are accepted by Buyer. Invoices: Buyer shall pay Seller's invoice for products or services 3% 30, net 90 days from date of invoice. Invoices shall be issued by Seller on or after the date products are received on Buyer’s dock or services are accepted by Buyer.
E.R.S. Participants
E.R.S. The Michigan Municipal Employees' Retirement System is authorized to grant up to five (5) years of Military Service to employees at no cost to the employee, providing the employee has furnished a copy of their military discharge papers and has filed a statement to the effect that such military service has not, nor will be used in any other retirement benefit for the purpose of drawing a retirement benefit. The Employer agrees to provide the above benefit to employees who meet the eligibility requirements.
E.R.S. 17.1 The provisions of Schedule 5 shall apply to meetings of the Noteholders and shall have effect in the same manner as if set out in this Agreement.
17.2 Without prejudice to subclause 17.1, each of the Paying Agents on the request of any holder of Bearer Notes shall issue voting certificates and block voting instructions in accordance with Schedule 5 and shall immediately give notice to the Issuer in writing of any revocation or amendment of a block voting instruction. Each of the Paying Agents will keep a full and complete record of all voting certificates and block voting instructions issued by it and will, not less than 24 hours before the time appointed for holding a meeting or adjourned meeting, deposit at such place as the Fiscal Agent shall approve, full particulars of all voting certificates and block voting instructions issued by it in respect of the meeting or adjourned meeting.
E.R.S. Act and its regulations which subsequently prevents a member from exercising his election in accordance with clause (d) above at the time of his retirement, he shall remain entitled to a payout in accordance with clause (a). In the event of the death of the member, the member’s beneficiary or estate shall be entitled to any residual amounts remaining to the member’s credit, as selected and calculated in accordance with this clause.
E.R.S. Agent (through any of its officers, employees, or agents) shall have the right, from time, to time to access the ERS for all purposes relating to this Agreement, including without limitation, to test and verify system integrity and functionality, obtain information in respect of the Collateral and otherwise administer this Agreement. Borrower will provide Agent with a current and complete copy of any and all consulting or other agreements with any Person for administering, operating or maintaining the ERS. Agent shall have the right at any time to request information from such Person in respect of the ERS or the Collateral and Borrower hereby irrevocably authorizes and directs such Person to provide any such requested information to Agent. A copy of this Agreement shall be sufficient to evidence such authorization and Borrower agrees to indemnify and hold such Person harmless in connection with compliance with Borrower’s authorization and directive herein. Borrower agrees that all right, title and interest of Borrower under any such consulting or other agreement are covered by the Agent’s Liens.
