Retirement Account Plan Sample Clauses

Retirement Account Plan. With respect to the Textron, Inc. Retirement Account Plan (“Seller’s Companion Defined Contribution Plan”), a tax-qualified defined contribution plan of U.S. Seller linked to Seller’s Salaried Pension Benefit Plan, U.S. Purchaser shall establish or designate a tax-qualified defined contribution plan (“Purchaser’s Companion Defined Contribution Plan”) providing benefits substantially identical to those provided for salaried Employees participating in Seller’s Companion Defined Contribution Plan, which plan shall be linked to Purchaser’s Salaried Pension Plan in the same manner as Seller’s Companion Defined Contribution Plan is linked to Seller’s Salaried Pension Benefit Plan; provided, however, that the foregoing shall not be construed to limit the ability of U.S. Purchaser or such Affiliate to amend or terminate Purchaser’s Companion Defined Contribution Plan or the benefits provided thereunder at any time or from time to time following the Closing in any manner, subject to compliance with applicable Law and Section 9.2. Following the Closing, on or about the time that the asset transfer described in Section 9.3(a)(iv) takes place, U.S. Seller shall also cause the trustee under Seller’s Companion Defined Contribution Plan to transfer to the trustee of Purchaser’s Companion Defined Contribution Plan assets (in cash) in an amount equal to the account balances (whether or not vested), valued as of the day before the actual asset transfer date, of each salaried Employee then participating in Seller’s Companion Defined Contribution Plan. Upon such transfer of assets, Purchaser’s Companion Defined Contribution Plan shall assume all liabilities for benefits accrued as of the date of such transfer under Seller’s Companion Defined Contribution Plan in respect of such individuals and Seller’s Companion Defined Contribution Plan shall be relieved of all such liabilities.
Sample 1
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Retirement Account Plan. I acknowledge that, except as otherwise provided in the Retirement Plan, I shall not be entitled to any contribution or benefit accrual following the Separation Date.
Sample 1

Related to Retirement Account Plan

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Retirement Plan Employee shall participate, after meeting eligibility requirements, in any qualified retirement plans and/or welfare plans maintained by the Company during the term of this Agreement.

  • Retirement Plans 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 (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, JHSS shall provide the following administrative services:

  • 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.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • SERP Executive is a participant in the BB&T Corporation Non-Qualified Defined Benefit Plan (the “SERP”). The SERP was formerly known as the Branch Banking and Trust Company Supplemental Executive Retirement Plan. The SERP is a non-qualified, unfunded supplemental retirement plan which provides benefits to or on behalf of selected key management employees. The benefits provided under the SERP supplement the retirement and survivor benefits payable from the Pension Plan. Except in the event the employment of Executive is terminated by the Employer or BB&T for Just Cause and except in the event Executive terminates Executive’s employment for any reason other than Good Reason and such termination does not occur within twelve (12) months after a Change of Control (or, if later, within ninety (90) days after a MOE Revocation), the following special provisions shall apply for purposes of this Agreement:

  • 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.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • 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.

  • Savings Plans Employee shall be entitled to participate in Employer’s 401(k) plan, or other retirement or savings plans as are made available to Employer’s other executives and officers and on the same terms which are available to Employer’s other executives and officers.

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