International Retirement Plans Sample Clauses

International Retirement Plans. To the extent that any International Plan sponsored by GE or its Affiliate (other than a member of the Company Group) is a funded defined benefit or defined contribution pension plan with assets residing in a trust or other funding vehicle, GE shall retain all assets and liabilities with respect to such Employees and their eligible dependents and beneficiaries. To the extent that any International Plan sponsored by GE or its Affiliates is a defined benefit or defined contribution plan that has no assets set aside in a trust or other funding vehicle to fund the plan, the Company shall assume or shall cause its Affiliates to assume all liabilities with respect to such Employees and their eligible dependents and beneficiaries.
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International Retirement Plans. With respect to each International Plan (other than any Purchased Subsidiary Benefit Plan) which provides retirement benefits in Canada, China, Mexico and the Philippines (each, a “Seller International Retirement Plan”): (a) effective as of the Applicable Transfer Time, each Transferred Employee who is an active participant in a Seller International Retirement Plan immediately prior to the Applicable Transfer Time shall cease to be an active participant under such plan, shall be vested in his or her accrued benefits earned under such plan through the Applicable Transfer Time to the extent required by the relevant plan terms or Applicable Law, and shall become a participant in one or more retirement plans established or designated by Buyer (collectively, the “Buyer International Retirement Plan”). Notwithstanding the foregoing, given the small size and nature of the workforce in Canada, Buyer may elect not to establish a Buyer International Retirement Plan in Canada and instead to provide alternative compensation on terms that comply with Section 9.03(b) to the Transferred Employees in Canada. Seller shall have no obligation or Liability for benefits under the Buyer International Retirement Plan, and Buyer shall defend, indemnify and hold harmless Seller and its Affiliates against any and all claims or Damages arising out of any Transferred Employee’s participation in the Buyer International Retirement Plan, including claims for benefits under such plan; (b) In the event that Buyer elects to establish a Buyer International Retirement Plan in Canada: (i) Buyer agrees to enroll the Transferred Employees who are participants as of immediately prior to the Applicable Transfer Time in the applicable retirement plan for employees of Xxxxxxx Electric Canada Limited (the “Canada DC Plan”) in the applicable Buyer International Retirement Plan as of the Applicable Transfer Time (the “Buyer Canada DC Plan”) and (ii) the Buyer Canada DC Plan shall provide that the service credit of each Transferred Employee under the Canada DC Plan as of the Applicable Transfer Time will be considered service credit under such Buyer Canada DC Plan and will be taken into account under such Buyer Canada DC Plan for purposes of determining eligibility and vesting and otherwise on terms that reflect the service credit provisions of ‎Section
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International Retirement Plans. With respect to each International Plan (other than any Emerald Entity Benefit Plan or Assumed Benefit Plan) which provides retirement benefits (each, a “Exxxxxx International Retirement Plan”), effective as of the Applicable Transfer Time, each Transferred Employee who is an active participant in a Exxxxxx International Retirement Plan immediately prior to the Applicable Transfer Time shall cease to be an active participant under such plan and shall be vested in his or her accrued benefits earned under such plan through the Applicable Transfer Time to the extent required by Applicable Law. Rxxx, XX NewCo and Exxxxxx shall cooperate and use commercially reasonable efforts to cause the Emerald Entities to have in place, as of the Applicable Transfer Time or as soon as practicable thereafter, Clone Benefit Plans that provide retirement benefits required to be provided under Applicable Law (including, for the avoidance of doubt, pursuant to the Automatic Transfer Regulations) (collectively, the “Emerald International Retirement Plan”).
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International Retirement Plans. With respect to each International Plan (other than any Purchased Subsidiary Benefit Plan or Assumed Benefit Plan) which provides retirement benefits (each, a “Seller International Retirement Plan”), effective as of the Applicable Transfer Time, each Transferred Employee who is an active participant in a Seller International Retirement Plan immediately prior to the Applicable Transfer Time shall cease to be an active participant under such plan, shall be vested in his or her accrued benefits earned under such plan through the Applicable Transfer Time to the extent required by Applicable Law, and shall become a participant in one or more retirement plans established or designated by Buyer (collectively, the “Buyer International Retirement Plan”). Seller shall retain all Liabilities for all Seller International Retirement Plans and shall have no Liability under the Buyer International Retirement Plan, and Buyer shall have no Liability under the Seller International Retirement Plan.
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International Retirement Plans 
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Related to International Retirement Plans

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Retirement Program Any employee employed prior to October 1, 1977, working at least seventy (70) hours per month shall by law be a member of the Washington Public Employees Retirement system (PERS) Plan One. Any employee working at least seventy (70) hours per month, entering employment on or after October 1, 1977, shall by law be a member of the School Employees Retirement System, Plan Two or Three. The District shall provide each new employee information concerning PERS or SERS membership benefits.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Public Employees Retirement System “PERS”) Members.

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

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