New Execution Agreement Sample Clauses

New Execution Agreement. Instead of continuing on a non-contributory basis, you can conclude a new Execution Agreement with us. The rates and conditions are agreed at that point. Group transfer of accrued benefits in accordance with Section 83 Pensions Act In the event of a group transfer of accrued benefits to a different pension provider: - the insurance policies that have no paid-up value or commuted value will lapse; - we will transfer our obligations as pension provider for the net pension scheme to the other pension provider; - the transfer value will be determined and transferred; - the costs of the transfer are for your account. See Section 3.5 ‘Costs’. We will also cooperate with the group transfer of accrued benefits for a certain group of participants/ former participants. The transfer value consists of: - the value of the investments for the Investment Pension.
AutoNDA by SimpleDocs
New Execution Agreement. Instead of continuing on a non-contributory basis, you can conclude a new Execution Agreement with us. The rates and conditions are agreed at that point. Group transfer of accrued benefits in accordance with Section 83 Pensions Act In the event of a group transfer of accrued benefits to a different pension provider: - the insurance policies that have no paid-up value or commutation value will lapse; - we transfer our obligations as pension provider for the pension scheme to the other pension provider; - the transfer value is determined and transferred; - we charge for the costs of the transfer. See Section 3.8 ‘Costs’. We will also cooperate with the group transfer of accrued benefits for a certain group of participants/former participants. The transfer value consists of: - the value of the investments for the Investment Pension; and - the reserve of the Guaranteed Pension. The reserve is the net present value of the pension liabilities calculated at net rate assumptions with the premium payment being plus disbursements; - the value of the interest rate guarantee. How we calculate this is stated below. The surcharge for the interest rate guarantee in the premium is explained in Section 3.3. With it, the interest rate guarantee premium for the insurance period for the Guaranteed Pension has been funded in full. In the event of a transfer to a different pension provider, the value of the interest rate guarantee for the period after the end date of the insurance will be determined and added to the transfer value. The value of the interest rate guarantee is equal to a factor expressing the average insurance period multiplied by the current interest rate guarantee premium percentage multiplied by the net reserve of the Guaranteed Pension on the end date of the insurance. You can contact us for information about the factor that applies to you. The current interest rate guarantee premium percentage on the end date of the insurance is determined on the basis of the then applicable market conditions. We do this in the same way as we do immediately preceding the end of the insurance.

Related to New Execution Agreement

  • Cooperation Agreement At the Closing, PCC and Buyer shall, and PCC shall cause PCC Parent to, execute and deliver the Cooperation Agreement pursuant to which Buyer, PCC Parent and PCC shall provide each other certain information and other assistance in connection with the collection, administration and/or satisfaction of certain of the Retained Liabilities.

  • Agreement; Amendment If either party hereto requests to amend this agreement, it shall notify the other party in writing, and the other party shall respond within one week. All amendments of this agreement must be made in writing by both parties, and such amendments shall be deemed as inseverable parts of this agreement.

  • Voting Agreement Stockholder hereby agrees with Parent that, at any meeting of Company's stockholders, however called, and any adjournment or postponement thereof, or in connection with any written consent of Company's stockholders, Stockholder shall vote any Shares with respect to which Stockholder has voting power (i) in favor of approval of the Merger and the Merger Agreement and any actions recommended by the Board of Directors of Company that are required in furtherance of the transactions contemplated thereby; provided that Stockholder shall not be required to vote for any action that would decrease the number of shares of Parent Common Stock to be received by the stockholders of Company in respect of their shares of Company capital stock in the Merger; (ii) against any proposal to authorize any action or agreement that would result in a breach in any respect of any representation, warranty, covenant, agreement or obligation of Company under the Merger Agreement or that would prevent the consummation of the Merger; (iii) against: (A) any proposal by Company to enter into or consent to any Third Party Acquisition (as defined below); (B) any change in the individuals who, as of the date hereof, constitute the Board of Directors of Company (except as contemplated by the Merger Agreement); (C) any extraordinary corporate transaction, such as a merger, consolidation or other business combination involving Company and any Third Party (as defined below), other than the Merger; (D) a sale, lease, transfer or disposition of all or substantially all of the assets of Company's business outside the ordinary course of business, or of any assets that are material to its business whether or not in the ordinary course of business, or a reorganization, recapitalization, dissolution or liquidation of Company; (E) any amendment of Company's Certificate of Incorporation or bylaws, except as contemplated by the Merger Agreement; and (F) any other action that is intended, or could reasonably be expected, to impede, interfere with, delay, postpone or adversely affect the Merger or any of the other transactions contemplated by the Merger Agreement, or any of the transactions contemplated by this Agreement; and (iv) in favor of any proposal to grant Company's management discretionary authority to adjourn any meeting of Company's stockholders for the purpose of soliciting additional proxies in the event that, at any meeting held for the purpose of considering the Merger Agreement, the number of shares of Company Common Stock present or represented and voting in favor of the Merger is insufficient to approve the Merger.

  • Variation Agreement (1) The First Variation Agreement is ratified.

  • Substitution Agreement 36.3.1 The Lenders’ Representative, on behalf of Senior Lenders, may exercise the right to substitute the Concessionaire pursuant to the agreement for substitution of the Concessionaire (the "Substitution Agreement") to be entered into amongst the Concessionaire, the Authority and the Lenders’ Representative, on behalf of Senior Lenders, substantially in the form set forth in Schedule-V.

  • AGREEMENT EXECUTION The agreement form delivered to the successful Vendor for signature MUST be executed by a representative who has the legal capacity to enter the organization into a formal agreement with the State of Delaware, Government Support Services.

  • Binding Agreement; Assignment This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns. The Participant shall not assign (except in accordance with Section 6 hereof) any part of this Agreement without the prior express written consent of the Company.

  • Settlement Agreement Respondent understands that Respondent has the right to a formal adjudicatory hearing concerning this matter and that at said hearing Respondent would possess the right to confront and cross-examine witnesses, to call witnesses, to present evidence, to testify on Respondent’s own behalf, to contest the allegations, to present oral argument, and to appeal to the courts. Further, Respondent fully understands the nature, quality, and dimensions of these rights. Respondent understands that by signing this Settlement Agreement,

  • Indemnification Agreement Contractor hereby agrees to indemnify and hold harmless the Owner, the State of Georgia and its departments, agencies and instrumentalities and all of their respective officers, members, employees and directors (hereinafter collectively referred to as the "Indemnitees") from and against any and all claims, demands, liabilities, losses, costs or expenses, including attorneys' fees, due to liability to a third party or parties, for any loss due to bodily injury (including death), personal injury, and property damage arising out of or resulting from the performance of this Contract or any act or omission on the part of the Contractor, its agents, employees or others working at the direction of Contractor or on its behalf., or due to any breach of this Contract by the Contractor, or due to the application or violation of any pertinent Federal, State or local law, rule or regulation. This indemnification extends to the successors and assigns of the Contractor. This indemnification obligation survives the termination of the Contract and the dissolution or, to the extent allowed by law, the bankruptcy of the Contractor. If and to the extent such damage or loss (including costs and expenses) as covered by this indemnification is paid by the State Tort Claims Trust Fund, the State Authority Liability Trust Fund, the State Employee Broad Form Liability Fund, the State Insurance and Hazard Reserve Fund, and other self-insured funds (all such funds hereinafter collectively referred to as the "Funds") established and maintained by the State of Georgia Department of Administrative Services Risk Management Division (hereinafter "DOAS") the Contractor agrees to reimburse the Funds for such monies paid out by the Funds.

  • ARTICULATION AGREEMENT FOLLOW-UP PROCEDURES

Time is Money Join Law Insider Premium to draft better contracts faster.