Pension Schemes. Each member of the Group is in compliance with all applicable laws and contracts relating to pension schemes (if any) for the time being operated by it or in which it participates and each such pension scheme is adequately funded based on reasonable actuarial assumptions and recommendations as required by law in each case where failure to do so is reasonably likely to have a Material Adverse Effect.
Pension Schemes. The pension schemes of each member of the Group are funded to the extent required by law or otherwise comply with the requirements of any material law applicable in the jurisdiction in which the relevant pension scheme is maintained, in each case, where failure to do so would reasonably be expected to have a Material Adverse Effect.
Pension Schemes. 1. Where an individual who is a resident of a Contracting State is a member or beneficiary of, or participant in, a pension scheme established in the other Contracting State, income earned by the pension scheme may be taxed as income of that individual only when, and, subject to paragraphs 1 and 2 of Article 17 (Pensions, Social Security, Annuities, Xxxxxxx, and Child Support) of this Convention, to the extent that, it is paid to, or for the benefit of, that individual from the pension scheme (and not transferred to another pension scheme).
2. Where an individual who is a member or beneficiary of, or participant in, a pension scheme established in a Contracting State exercises an employment or self-employment in the other Contracting State:
a) contributions paid by or on behalf of that individual to the pension scheme during the period that he exercises an employment or self-employment in the other State shall be deductible (or excludable) in computing his taxable income in that other State; and
b) any benefits accrued under the pension scheme, or contributions made to the pension scheme by or on behalf of the individual’s employer, during that period shall not be treated as part of the employee’s taxable income and any such contributions shall be allowed as a deduction in computing the business profits of his employer in that other State. The reliefs available under this paragraph shall not exceed the reliefs that would be allowed by the other State to residents of that State for contributions to, or benefits accrued under, a pension scheme established in that State.
3. The provisions of paragraph 2 of this Article shall not apply unless:
a) contributions by or on behalf of the individual, or by or on behalf of the individual’s employer, to the pension scheme (or to another similar pension scheme for which the first-mentioned pension scheme was substituted) were made before the individual began to exercise an employment or self-employment in the other State; and
b) the competent authority of the other State has agreed that the pension scheme generally corresponds to a pension scheme established in that other State.
4. Where, under sub-paragraph a) of paragraph 2 of this Article, contributions to a pension scheme are deductible (or excludable) in computing an individual’s taxable income in a Contracting State and, under the laws in force in that State, the individual is subject to tax in that State, in respect of income, profits or gains, by reference to t...
Pension Schemes. (a) Each member of the Group must be:
(i) in compliance with all laws and contracts relating to any of its pension schemes; and
(ii) maintain and fund its pension schemes to at least the extent required by local law and practice.
(b) The Company must supply the Facility Agent with a copy of any report in respect of any pension scheme operated by a member of the Group which the Facility Agent may reasonably request.
Pension Schemes. The Company operates and maintains relevant retirement scheme (the “Scheme”) for the benefit of its employees in full compliance with the relevant applicable laws and regulations of the places where the employees are employed. Full particulars of the Scheme have already been disclosed to the Purchaser in writing and are true and complete in all respects. Except the Scheme, there is no retirement, pension, provident fund or other similar schemes operated by the Company.
Pension Schemes. Each Obligor will, and will procure that each of its Subsidiaries will, if requested by the Facility Agent, deliver to the Facility Agent at such time as those reports are prepared in order to comply with then current statutory or auditing requirements, actuarial reports in relation to the pension schemes for the time being operated by members of the Group, and will ensure that all such pension schemes are fully funded to the extent required by law based on reasonable actuarial assumptions applicable in the jurisdiction in which the relevant pension scheme is maintained.
Pension Schemes. The Company shall ensure that all pension schemes maintained by or for the benefit of any member of the Group and/or any of its employees:
(a) are maintained and operated in all material respects in accordance with all applicable laws and contracts and their governing provisions; and
(b) are funded substantially in accordance with the governing provisions of the scheme with any funding shortfall advised by actuaries of recognised standing being rectified in accordance with those governing provisions.
Pension Schemes. 5.1 You are entitled to continue to participate in the Reuters America Retirement Plan and to participate in the Supplemental Executive Retirement Plan subject to the rules of the governing documents from time to time in force.
Pension Schemes. As of the date hereof, no pension commitments (whether vested or non-vested) or schemes of any kind (including retirement and early-retirement payments, disablement pensions, pensions for surviving dependents to any current or former directors, officers or employees) exist for former or existing directors, officers or employees of the Company or their respective dependents (the commitments or schemes of the kind that are required to be disclosed herein referred to as the “Pension Schemes”). True and complete copies of such Pension Schemes have been delivered prior to the Signing Date. All Pension Schemes comply with applicable law and have been operated in accordance with their terms, and all contributions and other payments due under the Pension Schemes have been timely paid. Any pension or other obligations of the Company under the Pension Schemes have been fully accrued for in the Financial Statements up to the maximum amount permitted under applicable law and GAAP.
Pension Schemes. Each Obligor will, and will procure that each of its Subsidiaries will ensure that all pension schemes for the time being operated by members of the Group are fully funded to the extent required by law in each case, to the extent failure to do so would reasonably be expected to have a Material Adverse Effect.
