Retirement Benefit Plans. The Corporation shall cause the Executive to become fully vested in any qualified and non-qualified plans, programs or arrangements in which the Executive participated if the plan, program, or arrangement does not address the effect of a change in control. The Corporation also shall contribute or cause a Subsidiary to contribute to any account of the Executive under a 401(k) plan, retirement plan, or profit-sharing plan the matching and voluntary contributions, if any, that would have been made had the Executive's employment not terminated before the end of the plan year.
Retirement Benefit Plans. Factors stated hereinafter shall constitute the retirement benefit plans of the Corporation and shall be counted as a part of the cost of any salary agreement between the Board and the Association. The Board shall provide the following retirement plans for teachers:
Retirement Benefit Plans. The Corporation shall cause the Executive to become fully vested in any qualified and non-qualified plans, programs or arrangements in which the Executive participated if the plan, program, or arrangement does not address the effect of a change in control. The Corporation also shall contribute or cause a Subsidiary to contribute to any account of the Executive under a 401(k) plan, retirement plan, or profit-sharing plan the matching and voluntary contributions, if any, that would have been made had the Executive's employment not terminated before the end of the plan year. In the event the Corporation is unable to fully vest the Executive in a qualified plan that does not address the effect of a change in control due to operation of law, the Executive will be paid in a single cash lump sum distribution the present value of the cash equivalent of the amount of benefits the Executive would have received if he were fully vested in such plan, with such payment made at the same time the cash severance is payable pursuant to Section 2(a)(1) of this Agreement.
Retirement Benefit Plans. The parties recognize that the Corporation’s benefit plans do not provide any benefit coverage for Retirees over the age of 65.
Retirement Benefit Plans. Advertising Funds . . . . . . . . . . . . . . . . . . (24) Advertising Costs and Funds Anticipated Repayment Dates . . . . . . . . . (11) Long-Term Debt Arby’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) Summary of Significant Accounting Policies ARC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (22) Transactions with Related Parties Bakery . . . . . . . . . . . . . . . . . . . . . . . . . . . (1) Summary of Significant Accounting Policies
Retirement Benefit Plans. The Executive shall be entitled to participate in all of the Company’s pension, retirement, thrift profit-sharing, 401(k), savings and similar plans, in accordance with the terms thereof, that permit participation by the Company’s U.S. executives or employee directors.
Retirement Benefit Plans. A. Annuity Plan
1. At time of hire, all teachers will be enrolled in an annuity plan selected by a joint SE-GFT committee established for said purpose. The Xxxxxxxx Public Schools will match a teacher’s contribution to the annuity up to a maximum of one percent (1%) of the teacher’s base salary throughout the teacher’s tenure in the school system. Funds deposited into this account are immediately vested with the teacher.
B. VEBA
1. At time of hire, all teachers will be enrolled in a VEBA program. The Xxxxxxxx Public Schools shall contribute to the VEBA one percent (1%) of the teacher’s base salary throughout the teacher’s tenure in the school system. Vesting requirement shall be ten (10) years of continuous Xxxxxxxx Public School service and qualification for non-reduced Indiana State Teachers Retirement Fund retirement. Forfeited funds revert back to the school corporation and are re-allocated at the end of the school year among the accounts of active employees.
Retirement Benefit Plans. (a) Except as provided in Schedule 4.6, neither the Company nor any ERISA Affiliate contributes to any Plan or Benefit Arrangement or has contributed to or sponsored any Plan or Benefit Arrangement in the five-year period ending with the Closing Date. As to all Plans and Benefit Arrangements listed in Schedule 4.6:
Retirement Benefit Plans. (a) On or prior to the date hereof, XXXXXXX has provided XXXXXX with true, complete and accurate copies of all "employee benefit plans" (within the meaning of Section 3(2) of ERISA) in Schedule 3.10, which are stock bonus, pension or profit-sharing plans within the meaning of Section 401(a) of the Code. Each such plan has been duly authorized by XXXXXXX'x board of directors. Each such plan is qualified in form and operation under Section 401 (a) of the Code and each trust under each such plan is exempt from tax under Section 501(a) of the Code. No event has occurred that will or could give rise to disqualification or loss of tax exempt status of any such plan or trust under such Sections. No event has occurred that will or could subject any such plans to tax under Section 511 of the Code. Schedule 3.10 also lists all retainer, consulting, retirement, severance, welfare or incentive plans, agreements or arrangements as well as any plan, agreement or arrangement providing for "fringe benefits" or perquisites to employees, officers, directors or agents and all group insurance contracts maintained by it for its employees and former employees.
Retirement Benefit Plans. (a) Retirement Income Plan of Sealright Co., Inc. ("RIP"). As of the Closing Date, each Flexible Employee shall be fully vested in his accrued benefit in the RIP and, in addition to all other distribution options available under the RIP, shall be permitted either to receive a lump sum distribution or to direct a rollover distribution of his accrued benefit.
