Retirement Obligations Clause Samples
The Retirement Obligations clause outlines the responsibilities and requirements that arise when an employee retires from an organization. Typically, this clause details the process for providing notice of retirement, the calculation and payment of any accrued benefits such as pensions or unused leave, and the return of company property. Its core function is to ensure a smooth transition for both the retiring employee and the employer, clarifying expectations and minimizing disputes related to final entitlements and administrative steps.
Retirement Obligations. The Transferor Partnership has not established any pension, retirement, profit sharing or similar plan or obligation, whether of a legally binding nature or in the nature of informal understandings.
Retirement Obligations. The Borrower Partnership has not established any pension, retirement, profit sharing or similar plan or obligation, whether of a legally binding nature or in the nature of informal understandings.
Retirement Obligations. Except for a non-contributory 401(k) plan, the Company does not have any Employee Benefit Plan as defined in the Employee Retirement Income Security Act of 1974, as amended.
Retirement Obligations. 12 5.18 No Governmental Consent or Approval Required.........................12 5.19
Retirement Obligations. Except as set forth on Annex D hereto, the Company does not have any Employee Benefit Plan as defined in the Employee Retirement Income Security Act of 1974, as amended, other than as disclosed in the 2000 Annual Report.
Retirement Obligations. No Company Benefit Plan provides post-retirement health or welfare benefits to any individual, other than as required by Section 601 et seq. of ERISA and Section 4980B of the Code or any other laws, rules or regulations.
Retirement Obligations. The Company has no pension, retirement ---------------------- or similar plan or obligation, whether of a legally binding nature or in the nature of informal understandings.
Retirement Obligations. Except as set forth in Schedule B, the Company has no pension, retirement or similar plan or obligation, whether of a legally binding nature or in the nature of informal understandings.
Retirement Obligations. INNN has no pension, retirement or similar plan or obligation, whether of a legally binding nature or in the nature of informal understandings.