Seconded Employees and Related Benefit Issues Sample Clauses

Seconded Employees and Related Benefit Issues. Until the --------------------------------------------- Secondment Ending Date (as defined in paragraph "(b)(i)" below), Vodafone Employees who would otherwise commence employment with the Partnership as of the Stage I Closing shall provide services to the Partnership on a seconded basis pursuant to a secondment agreement (the "Secondment Agreement"), the terms of which shall be mutually agreed upon by the Partnership and Vodafone. The Parties shall use their best efforts to execute the Secondment Agreement within 120 days of the execution of this Agreement, which shall reflect and be consistent with the terms of this Agreement, and consistent with the principles that (A) except to the extent provided in this Section 5.5 to the contrary, the Partnership shall not assume a compensation or benefit liability or obligation relating to Vodafone Employees or Xxxx Atlantic Employees (for example, when allocating liabilities, charges or reimbursements for short term incentive awards for the year in which secondment commences) with respect to a period of service prior to the first date on which such an employee rendered service to the Partnership either by secondment or direct employment, and (B) notwithstanding anything herein to the contrary if the Partnership has incurred a Benefit Load expense for a particular benefit or item of compensation for a seconded employee, it shall not pay or assume liability for such expense again for the said employee. The said Secondment Agreement shall furthermore include the following principles:
Sample 1
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Related to Seconded Employees and Related Benefit Issues

  • Other Employment Benefits During the Employment Term, the Executive shall be entitled to the following employment benefits:

  • Death After Termination of Employment But Before Benefit Payments Commence If the Executive is entitled to benefit payments under this Agreement, but dies prior to the commencement of said benefit payments, the Company shall pay the benefit payments to the Executive's beneficiary that the Executive was entitled to prior to death except that the benefit payments shall commence on the first day of the month following the date of the Executive's death.

  • 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.

  • Post-Employment Benefits A. If Employee's employment is terminated by ARAMARK for any reason other than Cause, Employee shall be entitled to the following post-employment benefits:

  • Death After Separation from Service But Before Benefit Distributions Commence If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Bank shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by the Bank of the Executive’s death certificate.

  • RELATED EMPLOYERS If any member of the Employer's related group (as defined in Section 1.30 of the Plan) executes a Participation Agreement to this Adoption Agreement, such member's Employees are eligible to participate in this Plan, unless excluded by reason of an exclusion classification elected under this Adoption Agreement Section 1.07. In addition: (Choose (j) or (k))

  • Former Employment You represent and warrant that your employment by the Company will not conflict with and will not be constrained by any prior employment or consulting agreement or relationship. You represent and warrant that you do not possess confidential information arising out of prior employment which, in your best judgment, would be utilized in connection with your employment by the Company, except in accordance with agreements between your former employer and the Company.

  • Employment Benefit Plans Employee may participate in employee benefit plans in which other similarly situated employees may participate, according to the terms of applicable policies and as stated in the Employee Handbook. Employee acknowledges receipt of the Employee Handbook available on the intercompany website and will review and abide by its terms.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • 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.

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