Hospira ARP During the Transition Period Sample Clauses

Hospira ARP During the Transition Period. During the Transition Period (and thereafter to the extent required by applicable law), the Hospira ARP shall provide that:
AutoNDA by SimpleDocs
Hospira ARP During the Transition Period. During the Transition Period (and thereafter to the extent required by applicable law), the Hospira ARP shall provide that: (i) U.S. Transferred Employees shall (A) be eligible to participate in the Hospira ARP to the extent they were eligible to participate in the Abbott ARP as of the Distribution Date, and (B) receive credit for vesting, eligibility and benefit service for all service credited for those purposes under the Abbott ARP as of the Distribution Date as if that service had been rendered to Hospira; (ii) the compensation paid by the Abbott Group to all U.S. Transferred Employees which is recognized under the Abbott ARP as of the Distribution Date shall be credited and recognized for all applicable purposes under the Hospira ARP as though it were compensation from the Hospira Group; (iii) subject to applicable law, the accrued benefit of each U.S. Transferred Employee under the Abbott ARP as of the Distribution Date shall be paid under the Hospira ARP at the time and in a form that would have been permitted under the Abbott ARP as in effect as of the Distribution Date, with employment by the Abbott Group prior to the Distribution Date treated as employment by the Hospira Group under the Hospira ARP for purposes of determining eligibility for optional forms of benefit, early retirement benefits, or other benefit forms; (iv) to the extent required by Section 411(d)(6) of the Code, any accrued benefit, early retirement benefit, retirement-type subsidy, or optional form of benefit provided under the Abbott ARP during the Transition Period shall be provided by the Hospira ARP with respect to each U.S. Transferred Employee's accrued benefit as of the Distribution Date and service with the Abbott Group (prior to the Distribution Date) and the Hospira Group during the Transition Period shall be recognized for purposes of determining eligibility to elect or to receive those benefits; (v) all beneficiary designations in effect under the Abbott ARP as of the Distribution Date shall remain in effect after the Distribution Date under the Hospira ARP as if made under the Hospira 17 <Page> ARP unless those designations are subsequently changed in accordance with the Hospira ARP; and (vi) the Hospira ARP shall assume and honor the terms of all QDROs in effect under the Abbott ARP as of the Distribution Date with respect to U.S. Transferred Employees. (f)

Related to Hospira ARP During the Transition Period

  • Transition Period Due to the nature of our purchasing process, the District often requires an existing service provider to continue to provide goods and/or services while the District is in the process of advertising, evaluating, and awarding a contract for the provision of the same goods and/or services in the future. To accommodate this process, the Contractor shall agree to maintain the same terms and conditions set forth in this Agreement for a period up to ninety (90) days after the automatic termination of this Agreement at the end of its term, if requested by the District, as a transition period. In addition, if the Contractor is not the successful bidder for a future solicitation for the same or similar services, he or she shall agree to provide the same goods and/or services provided in this Agreement for a period up to ninety (90) days to allow for an orderly transition to the new provider. The District and the Contractor may mutually agree to a longer transition period.

  • Allocations During the Rapid Amortization Period During the Rapid Amortization Period, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Investor Certificateholders and pay or deposit from the Collection Account the following amounts as set forth below:

  • Allocations During the Revolving Period During the Revolving Period, the Servicer shall, prior to the close of business on the day any Collections are deposited in the Collection Account, allocate to the Investor Certificateholders or the Holder of the Seller Interest and pay or deposit from the Collection Account the following amounts as set forth below:

  • During the Term (a) 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.

  • During the Employment Period (i) Executive shall devote Executive's full time and energy solely and exclusively to the performance of Executive's duties described herein, except during periods of illness or vacation periods.

  • Allocations During Period of Liquidation During the period commencing on the first day of the Fiscal Year during which a Dissolution Event occurs and ending on the date on which all of the assets of the Company have been distributed to the Unit Holders pursuant to Section 10.2 of this Agreement (the “Liquidation Period”), the Unit Holders shall continue to share Profits, Losses, gain, loss and other items of Company income, gain, loss or deduction in the manner provided in Article III of this Agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!