Savings Investment Plan Sample Clauses

Savings Investment Plan. (a) Effective as of the Distribution Date, Energizer and its Affiliates shall cease to be co-sponsors of the Xxxxxxx Purina Company Savings Investment Plan ("Xxxxxxx SIP"). Energizer shall take, or cause to be taken, all necessary and appropriate actions to establish, effective as of the Distribution Date, and administer a defined contribution Plan which will be a Qualified Plan and which will also be subject to Section 401(k) of the Code ("Energizer SIP"), and to provide benefits thereunder for all Energizer Individuals who, immediately prior to the Distribution Date, were participants in the Xxxxxxx SIP. Energizer agrees that each such Energizer Individual shall be, to the extent applicable, entitled, for all purposes under the Energizer SIP, to be credited with the term of service and any account balance credited to such Energizer Individual as of the Distribution Date under the terms of the Xxxxxxx SIP as if such service had been rendered to the Energizer Group and as if such account balance had originally been credited to such Energizer Individual under the Energizer SIP. Xxxxxxx agrees to provide Energizer, as soon as practicable after the Distribution Date (with the cooperation of Energizer to the extent that relevant information is in the possession of the Energizer Group), with a list of the Energizer Individuals who were, to the best knowledge of Xxxxxxx, participants in the Xxxxxxx SIP immediately prior to the Distribution Date, together with a listing, if requested by Energizer, of each such Energizer Individual's term of service for eligibility and vesting purposes under such Plan and a listing of each such Energizer Individual's account balance thereunder. Xxxxxxx shall, as soon as practicable after the Distribution Date, provide Energizer with such additional information (in the possession of the Xxxxxxx Group and not already in the possession of the Energizer Group) as may be reasonably requested by Energizer and necessary in order for Energizer to establish and administer effectively the Energizer SIP. The Energizer SIP receiving transfers of accounts from the Xxxxxxx SIP shall contain an "Energizer Stock Fund", and Energizer Individuals for whom a portion of the account balances are to be transferred to the Energizer SIP from the Xxxxxxx SIP in the form of Energizer Stock, as described below, shall be permitted to elect to retain their investment of that portion of their account in the Energizer Stock Fund. (b) Xxxxxxx shall, as soon as p...
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Savings Investment Plan. (a) Agribrands shall take, or cause to be taken, all necessary and appropriate actions to establish, effective as of the day after the Distribution Date, and administer a defined contribution Plan which will be a Qualified Plan and which will also be subject to Section 401(k) of the Code ("Agribrands SIP"), and to provide benefits thereunder for all Agribusiness Employees who, immediately prior to the Distribution Date, were participants in the Ralston Purina Company SIP ("Ralston XXX"). Agribrands agrees that xxxx xuch Agribusiness Employee shall be, to the extent applicable, entitled, for all purposes under the Agribrands SIP, to be credited with the term of service and any account balance credited to such Agribusiness Employee as of the Distribution Date under the terms of the Ralston SIP as if such service had been xxxxxxed to the Agribusiness Group and as if such account balance had originally been credited to such Agribusiness Employee under the Agribrands SIP. Ralston agrees to provide Agribrands, ax xxxx as practicable after the Distribution Date (with the cooperation of Agribrands to the extent that relevant information is in the possession of the Agribusiness Group), with a list of the Agribusiness Employees who were, to the best knowledge of Ralston, participants in the Ralston XXX xxmediately prior to the Dixxxxxxxion Date, together with a listing, if requested by Agribrands, of each such Agribusiness Employee's term of service for eligibility and vesting purposes under such Plan and a listing of each such Agribusiness Employee's account balance thereunder. Ralston shall, as soon as practicablx xxxxx the Distribution Date, provide Agribrands with such additional information (in the possession of the Ralston Group and not already in the xxxxxxxion of the Agribusiness Group) as may be reasonably requested by Agribrands and necessary in order for Agribrands to establish and administer effectively the Agribrands SIP. The Agribrands SIP receiving transfers of accounts from the Ralston SIP shall contain an "Agribraxxx Xxock Fund" as an investment alternative for participants, and Agribusiness Employees for whom account balances are to be transferred to the Agribrands SIP from the Ralston SIP, as described below, shall xx xxrmitted to elect to invest such balances, or any portion thereof, in the Agribrands Stock Fund. (b) Ralston shall amend the Ralston SIP to xxxxx the Agribrands Empxxxxxx to be fully vested, as of the Distribution, in amounts credit...
Sample 1
Savings Investment Plan. The Board agrees to contribute an amount equivalent to one percent (1%) of an individual’s Schedule A salary toward a tax deferred savings/investment plan each year. Plan details will be in place prior to July 1, 2007. The plan will include a four-year vesting period. An individual will become fully vested at the beginning of the individual’s fifth (5th ) year of service to the district. Funds available due to an individual’s departure from district employment prior to completing the vesting period will be redistributed among remaining eligible members according to the plan.
Sample 1
Savings Investment Plan. In addition, Buyer shall establish or designate a defined contribution retirement plan that is substantially comparable to the portion of the X. X. Xxxxx Corporation Savings and Security Plan covering Union Represented Employees ("BUYER SAVINGS PLAN"). On or before the last day of the remedial amendment period described in Section 401(b) of the Code and the regulations thereunder, Buyer shall file with the Internal Revenue Service an appropriate application for a determination letter holding that Buyer Savings Plan satisfies the applicable requirements for qualification and exemption under Sections 401(a) and 501(a) of the Code, and shall, no later than the last day of such remedial amendment period, take such corrective action as may be necessary in order to secure such determination letter. Upon evidence satisfactory to the Sellers relative to the establishment of Buyer Savings Plan and the filing of a determination letter application, the Sellers shall cause the trustee of the X. X. Xxxxx Corporation Savings and Security Plan to transfer the account balances of Active Union Represented Employees to Buyer Savings Plan.
Sample 1
Savings Investment Plan. Effective as of the Closing Date, or as soon as practicable thereafter, Buyer shall, or shall cause the Buyer Subsidiaries to, establish a qualified defined contribution plan (the "Buyer's Savings Plan") containing a cash or deferred arrangement within the meaning of section 401(k) of the Code and, to the extent required to be provided by a transferee plan pursuant to section 411(d)(6) of the Code, containing provisions similar to the provisions of the Southwestern Life Corporation Savings Investment Plan (the "Seller's Savings Plan"). As
Sample 1

Related to Savings Investment Plan

  • 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.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator. Subd. 1. All ASF Members who receive severance pay as defined in Section A of this article must participate in the health care savings plan. Subd. 2. All severance pay as defined in Section B of this article shall be transferred to the severed employee's health care savings plan account. At the time of separation, if an ASF Member has an approved exception to participation in the health care savings plan account from the plan administrator, then the ASF Member shall receive this payment in one lump sum payment of cash.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

  • Investment Program The Subadviser is hereby authorized and directed and hereby agrees, subject to the stated investment objective and policies of the Fund as set forth in the Trust’s current Registration Statement and subject to the supervision of the Adviser and the Board of Trustees of the Trust, to (i) develop and furnish continuously an investment program and strategy for the Fund in compliance with the Fund’s investment objective and policies as set forth in the Trust’s current Registration Statement, (ii) provide research and analysis relative to the investment program and investments of the Fund, (iii) determine (subject to the overall supervision of the Board of Trustees of the Trust) what investments shall be purchased, held, sold or exchanged by the Fund and what portion, if any, of the assets of the Fund shall be held in cash or cash equivalents, and (iv) make changes on behalf of the Trust in the investments of the Fund. In accordance with paragraph 2(ii)(b), the Subadviser shall arrange for the placing of all orders for the purchase and sale of securities and other investments for the Fund’s account and will exercise full discretion and act for the Trust in the same manner and with the same force and effect as the Trust might or could do with respect to such purchases, sales or other transactions, as well as with respect to all other things necessary or incidental to the furtherance or conduct of such purchases, sales or transactions. The Subadviser will make its officers and employees available to meet with the Adviser’s officers and directors on due notice at reasonable times to review the investments and investment program of the Fund in light of current and prospective economic and market conditions. The Subadviser is authorized on behalf of the Fund to enter into agreements and execute any documents required to make investments pursuant to the Prospectus as may be amended from time to time. The Subadviser’s responsibility for providing portfolio management services hereunder shall be limited to only those assets of the Fund which the Adviser determines to allocate to the Subadviser (those assets being referred to as the “Fund Account”), and the Subadviser agrees that it shall not consult with any investment advisor(s) (within the meaning of the 0000 Xxx) to the Fund or any other registered investment company or portfolio series thereof under common control with the Fund concerning transactions for the Fund Account in securities or other assets such that the exemptions under Rule 10f-3, Rule 12d-3 and/or Rule 17a-10 under the 1940 Act would not be available with respect to the Fund. The Subadviser shall exercise voting authority with respect to proxies that the Fund is entitled to vote by virtue of the ownership of assets attributable to that portion of the Fund for which the Subadviser has investment management responsibility; provided that the exercise of such authority shall be subject to periodic review by the Adviser and the Trustees of the Trust; provided, further that such authority may be revoked in whole or in part by the Adviser if required by applicable law. The Subadviser shall exercise its proxy voting authority hereunder in accordance with such proxy voting policies and procedures as the Trust may designate from time to time. The Subadviser shall provide such information relating to its exercise of proxy voting authority hereunder (including the manner in which it has voted proxies and its resolution of conflicts of interest) as reasonably requested by the Adviser from time to time. In the performance of its duties hereunder, the Subadviser is and shall be an independent contractor and except as expressly provided for herein or otherwise expressly provided or authorized shall have no authority to act for or represent the Fund or the Trust in any way or otherwise be deemed to be an agent of the Fund, the Trust or of the Adviser. If any occasion should arise in which the Subadviser gives any advice to its clients concerning the shares of a Fund, the Subadviser will act solely as investment counsel for such clients and not in any way on behalf of the Trust or the Fund.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Dividend Reinvestment Plan Any and all expenses incident to any dividend reinvestment plan.

  • 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.

  • Defined Contribution Plan The Employer will establish the following Employer contribution programs in the existing salary deferral plans: » Beginning in 2006 and continuing throughout the term of the Agreement, a performance-based contribution

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

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