SDS Transnational Retirement Scheme Sample Clauses

SDS Transnational Retirement Scheme. (a) Continuation of SDS Transnational Retirement Scheme Required. Effective as of the Effective Date, SDS or the Dental Business Subsidiaries shall continue to maintain the SDS Transnational Retirement Scheme for the benefit of eligible Dental Business Employees and their beneficiaries. Prior to the Effective Date, the Dental Business Subsidiaries maintained such Plan as the Sybron Transnational Retirement Scheme. As of the Effective Date, the SDS Transnational Retirement Scheme shall continue to be identical or at least substantially similar, in all material respects, to the Sybron Transnational Retirement Scheme which the Dental Business Subsidiaries maintained prior to the Effective Date. Thereafter, however, and in accordance with Section 3.1, SDS in its sole discretion shall determine the features of the SDS Transnational Retirement Scheme. As of the Effective Date, the trustee or issuer of any contract, trust, insurance policy or other funding vehicle which relates to the SDS Transnational Retirement Scheme shall be the same as the trustee or issuer of any contract, trust, insurance policy or other funding vehicle which related to the Sybron Transnational Retirement Scheme prior to the Effective Date. Thereafter, however, and in accordance with Section 3.1, SDS in its sole discretion may appoint a successor trustee or issuer of the contract, trust, insurance policy or other funding vehicle which relates to the SDS Transnational Retirement Scheme. Sybron and SDS shall cooperate with one another and with the trustee or issuer of any contract, trust, insurance policy or other funding vehicle relating to the SDS Transnational Retirement Scheme in facilitating SDS's or the Dental Business Subsidiaries' continued maintenance of such Plan on and after the Effective Date. The accrued benefits of any Dental Business Employee or his beneficiary shall not be distributed from the SDS Transnational Retirement Scheme in connection with SDS and the Dental Business Subsidiaries ceasing to be Affiliates of Sybron and its Affiliates as of the Effective Date. Such event shall not be treated as a termination of employment for purposes of such Plan and distributions shall not be otherwise specifically permitted under such Plan as a result of the cessation of Affiliate status.
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Related to SDS Transnational Retirement Scheme

  • 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.

  • 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 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.

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

  • 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:

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Disability; Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

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