Miscellaneous Plan Provisions Sample Clauses

Miscellaneous Plan Provisions. A. NOT A CONTRACT OF EMPLOYMENT: The terms and conditions of this Plan shall not be deemed to constitute a contract of employment between the Company and the Participant, and the Participant (or his beneficiary) shall have no rights against the Company except as may otherwise be specifically provided herein. Moreover, nothing in this Plan shall be deemed to give the Participant a right to be retained in the service of the Company or to interfere with the right of the Company to discipline or discharge him or her at any time.
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Miscellaneous Plan Provisions. (1) The employee may name as beneficiary any person or persons, his/her estate, or any organization. (2) The proceeds of the insurance will be made available promptly to the beneficiary in accordance with the terms of the group term life insurance contract. (3) The employee or his/her beneficiary may elect to have the proceeds of his/her life insurance paid either in a lump sum or in monthly installments over any period of one (1) to twenty
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Miscellaneous Plan Provisions. Government Settlement With respect to the $715 million Government Settlement, the New Creditor Parties believe that, consistent with the absolute rule of priority, the $715 million should be distributed to holders of the ACC Senior Notes Claims, the Arahova Notes Claims, the FrontierVision Notes Claims, the Olympus Notes Claims and holders of ACC Trade Claims. The Debtors will facilitate discussions between the New Creditor Parties and the United States Attorney for the Southern District of New York in connection with the New Creditor Parties’ efforts to obtain the consent of the United States Department of Justice (the “DOJ”) for the $715 million to be distributed as provided herein. The Debtors shall (to the extent permitted by the third sentence of Section 2 of the letter agreement with the U.S. Department of Justice, dated April 25, 2005) advocate that the Government distribute the Restitution Fund as provided herein. True-up Mechanism A reserve (the “Reserve”) of TWC Class A Common Stock or Cash to the extent there is not sufficient stock available) shall be created and withheld from initial Effective Date distributions (the “Reserve Stock”) pending a market valuation of such stock (the “Market Value”). Such Reserve shall be sufficient to permit the upward or downward adjustment of the total number of shares received as final satisfaction of any non-ACC claim based upon a Market Value that is up to fifteen percent higher or lower than Deemed Value (the “True-Up Differential”). If the Comcast Redemption occurs prior to October 20, 2006, or if Comcast has waived its preemption rights prior to October 20, 2006, the Market Value shall be based upon the 60 day (the “Test Period”) volume weighted average trading price commencing on the first business day that is 60 days following the initial distribution (the “Waiting Period”). If the Comcast Redemption has not occurred prior to October 24, 2006, and Comcast has not waived its preemption rights, the Test Period and the Waiting Period shall be each shortened to the extent necessary to provide for the distribution of Reserve Stock no later than October 31, 2006, but in no event shall the Test Period be less than 14 calendar days. If reserving for a True-Up Differential of up to fifteen percent would prevent the Debtors from making an initial distribution of TWC Class A Common Stock through the Modified Plan pursuant to section 1145 of the Bankruptcy Code (without an initial public offering) that constitutes a...
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Miscellaneous Plan Provisions. The employee may name as beneficiary any person or persons, his/her estate, or any organization.
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Related to Miscellaneous Plan Provisions

  • Miscellaneous Provisions The following miscellaneous provisions are a part of this Agreement:

  • Miscellaneous Provision It is hereby understood that, to be entitled to the benefits under this Agreement, the MEMBER hereby waives his/her consent to the disclosure and processing of his/her medical/health information which is determinative for the assessment of his/her coverage and necessary for the treatment of his/her illness. MediCard, its Medical Service Units/Teams and its Accredited Hospitals/Clinics are hereby released from any liability by reason of such disclosure.

  • Miscellaneous Terms The term "or" is disjunctive; the term "and" is conjunctive. The term "shall" is mandatory; the term "may" is permissive. Masculine terms also apply to females; feminine terms also apply to males. The term "including" is by way of example and not limitation.

  • Miscellaneous and General Survival.....................................................................49 9.2. Modification or Amendment....................................................50 9.3.

  • Governing Law and Miscellaneous Provisions The provisions of Article 7 of the Collateral Trust Agreement will apply with like effect to this Collateral Trust Joinder.

  • Miscellaneous Fees In addition to the Course Fees, the miscellaneous fees set out in Schedule 2.2 may be payable by the Student (the “Miscellaneous Fees”).

  • Miscellaneous Rules 1 The provisions of this Agreement shall not be construed to restrict in any manner any exclusion, exemption, deduction, credit, or other allowances now or hereafter accorded: (a) by the laws of a Contracting State in the determination of the tax imposed by that State; or (b) by any other agreement entered into by a Contracting State.

  • Miscellaneous Powers The Trustees shall have the power to: (a) employ or contract with such Persons as the Trustees may deem desirable for the transaction of the business of the Trust; (b) enter into joint ventures, partnerships and any other combinations or associations; (c) purchase, and pay for out of Trust Property, insurance policies insuring the Shareholders, Trustees, officers, employees, agents, investment advisors, distributors, selected dealers or independent contractors of the Trust against all claims arising by reason of holding any such position or by reason of any action taken or omitted by any such Person in such capacity, whether or not constituting negligence, or whether or not the Trust would have the power to indemnify such Person against such liability; (d) establish pension, profit-sharing, share purchase, and other retirement, incentive and benefit plans for any Trustees, officers, employees and agents of the Trust; (e) make donations, irrespective of benefit to the Trust, for charitable, religious, educational, scientific, civic or similar purposes; (f) to the extent permitted by law, indemnify any Person with whom the Trust has dealings, including without limitation any advisor, administrator, manager, transfer agent, custodian, distributor or selected dealer, or any other person as the Trustees may see fit to such extent as the Trustees shall determine; (g) guarantee indebtedness or contractual obligations of others; (h) determine and change the fiscal year of the Trust and the method in which its accounts shall be kept; and (i) adopt a seal for the Trust but the absence of such seal shall not impair the validity of any instrument executed on behalf of the Trust.

  • Miscellaneous Leaves L31.1 Application for Miscellaneous Leave shall be made to the Executive Superintendent of Employee Services or designate. The Teacher shall notify the principal at the time the application is made and whenever possible shall make the application at least five days prior to the day for which the leave is requested.

  • Miscellaneous Benefits This Agreement is not intended, and shall not be deemed to be in lieu of any rights, benefits, and privileges to which Employee may be entitled as an Employee of Bank under any retirement, pension, profit sharing, insurance, hospital, bonus, vacation, or other plan or plans which may now be in effect or which may hereafter be adopted by Bank, it being understood that Employee shall have the same rights and privileges to participate in such plans and benefits, as any other employee, during the period of his employment.

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