Pension Service Credit and 1999 Special Rules Sample Clauses

Pension Service Credit and 1999 Special Rules. The Parties shall --------------------------------------------- amend their tax-qualified plans as provided in this Subsection, and shall administer such Plans accordingly. Consistent with the terms of the Columbia/HCA Plans, with respect to the accounts which transfer to the respective Spinco Retirement Plans pursuant to Subsection (d) of this Section, Service Credit shall be transferred for all years of service with Columbia/HCA and all Columbia/HCA hours of service during 1999 performed prior to the transfer for purposes of both participation and vesting. Subject to applicable law, each Spinco shall grant compensation credit for compensation earned from Columbia/HCA during 1999 prior to the Distribution Date. With respect to any individual who is an Employee of any Party on the Distribution Date and who changes employers to another Party during 1999 after the Distribution Date, Service Credit (i.e., ---- hours of service) and compensation credit shall be granted by the new employer under its tax-qualified retirement plans for purposes of eligibility, vesting and benefit accrual for service performed for any prior employer Party during 1999. Any Spinco Employee who separates from service with Spinco during 1999 after the Distribution Date and is hired by Columbia/HCA during 1999 shall be treated as a rehired Employee under the Columbia/HCA Plans, and all of his Service Credit under the Columbia/HCA Plans which is transferred to the respective Spinco Retirement Plan pursuant to the second sentence of this Subsection shall apply equally under the Columbia/HCA Plans. In addition, any Spinco Employee who separates from service after the Distribution Date in 1999 and is hired by the other Spinco at any time during 1999 shall be treated as a rehired Employee under the new employer's Spinco Retirement Plan, and all of his Service Credit under the prior employer's tax-qualified plan shall apply equally under the new employer's tax-qualified plan. With respect to any Employee who works for both Columbia/HCA and a Spinco on the Distribution Date, the Employee's accounts in the Columbia/HCA Plans shall be transferred only if the Spinco is his primary employer (as determined by Columbia/HCA), and all Service Credit under the Columbia/HCA Plans on the Distribution Date (including 1999 hours of service) and all compensation earned from Columbia/HCA in 1999 prior to the Distribution Date shall apply equally to the Columbia/HCA Plans and the Spinco Retirement Plan. Notw...
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Related to Pension Service Credit and 1999 Special Rules

  • Service Credit To the extent that any Transferred Employee’s acquired rights are not already protected by the Transfer Regulations or other applicable Law, Purchaser shall, and shall cause its Affiliates to, recognize the prior service of, or recognized with respect to, each Transferred Employee as if such service had been performed with Purchaser for all purposes, including eligibility, vesting, service-related level of benefits and benefit accrual (except for any benefit accruals for U.S. union and non-union hourly Transferred Employees under the defined benefit Rexam Pension Plan, provided that such service for benefit accruals purposes under the Rexam Pension Plan shall be recognized for purposes of early retirement subsidies in accordance with Schedule 5.1(h)) under the employee benefit plans and policies provided by Purchaser to such Transferred Employee following the Closing, to the same extent such service was recognized by Seller, Rexam or any of their respective Affiliates, as applicable, immediately prior to the Closing. Purchaser shall, or shall cause its Affiliates (including the Purchased Entities) to, (i) waive any preexisting condition limitations otherwise applicable to Transferred Employees and their eligible dependents under any plan of Purchaser or any Affiliate of Purchaser that provides health or life benefits in which the Transferred Employees may be eligible to participate following the Closing, other than any limitations that were in effect with respect to a Transferred Employee as of the Closing under the analogous Employee Benefit Plan, (ii) honor any deductible, co-payment and out-of-pocket maximums incurred by the Transferred Employees and their eligible dependents under the health plans in which they participated immediately prior to the Closing during the portion of the calendar year prior to the Closing in satisfying any deductibles, co-payments or out-of-pocket maximums under health plans of Purchaser or any of its Affiliates in which they are eligible to participate after the Closing in the same plan year in which such deductibles, co-payments or out-of-pocket maximums were incurred and (iii) waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable to a Transferred Employee and his or her eligible dependents on or after the Closing, in each case to the extent such Transferred Employee or eligible dependent had satisfied any similar limitation or requirement under an analogous Employee Benefit Plan prior to the Closing.

  • Service Credits Employees on pregnancy leave shall be entitled to normal accumulation of service credits for the duration of the pregnancy leave.

  • Military Service Credit The City’s contract with CalPERS provides the Military Service Credit option set forth in Government Code section 21024.

  • EPP service availability Refers to the ability of the TLD EPP servers as a group, to respond to commands from the Registry accredited Registrars, who already have credentials to the servers. The response shall include appropriate data from the Registry System. An EPP command with “EPP command RTT” 5 times higher than the corresponding SLR will be considered as unanswered. If 51% or more of the EPP testing probes see the EPP service as unavailable during a given time, the EPP service will be considered unavailable.

  • Change in Business or Credit and Collection Policy The Seller will not make any change in the character of its business or in the Credit and Collection Policy that would, in either case, materially adversely affect the collectibility of the Receivables Pool or the ability of the Seller to perform its obligations under this Agreement.

  • Change in Credit and Collection Policy At least thirty (30) days prior to the effectiveness of any material change in or material amendment to the Credit and Collection Policy, a copy of the Credit and Collection Policy then in effect and a notice (A) indicating such change or amendment, and (B) if such proposed change or amendment would be reasonably likely to adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables, requesting the Agent's consent thereto.

  • Prior Service Credit A unit employee who has had a break in service shall be credited with prior periods of full-time state employment for leave accrual purposes if that employee's current period of full-time state employment has been three (3) or more continuous years in duration. Only prior periods of full-time state employment of two (2) or more consecutive years in duration shall be eligible for crediting.

  • Dollar Limits Per Service Agreement Cost to diagnose, repair and/or replace - Per covered appliance $3,000

  • Service Level Commitment IBM provides the following service level commitment (“SLA”) for the Cloud Service, after IBM makes the Cloud Service available to you.

  • Extended Local Calling Scope Arrangement An arrangement that provides a Customer a local calling scope (Extended Area Service, “EAS”), outside of the Customer’s basic exchange serving area.

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