Service With Other Organizations Sample Clauses

Service With Other Organizations. (1) If the Employer maintains a plan of a predecessor Employer, service with the predecessor Employer will be treated as service with the Employer. (2) If not treated as service with the Employer under subsection (i)(1) above, service with any entity specifically so designated in the Adoption Agreement will be treated as service with the Employer.
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Service With Other Organizations. 12 ARTICLE 4: PARTICIPATION........................................................................................12
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Service With Other Organizations. To determine whether an employee is a participant and to determine his vested percentage, he will receive credit for hours of service under Section 3A.3 with the following entities (or as a leased employee under Code Section 414(n)) or Code section 414(o) as if those hours of service were credited to the employee for service with the employer: any member of an affiliated service group (under Code Section 414(m)) including the employer, any corporation which is included in a controlled group of corporations (under Code Section 414(b)) with the employer or any unincorporated trade or business which is under common control (under Code Section 414(c)) with the employer, and any entity required to be aggregated with the employer under Code Section 414(o). Service credited under this subsection (a) shall be limited to the period that the other entities were related to the employer in the manner described in the applicable Code section, unless the employer has elected in the adoption agreement to recognize service with any such entity for any period prior to the time such relationship commenced.
Sample 1
Service With Other Organizations. (a) To determine whether an employee is a participant and to determine his vested percentage, service with the following entities (or as a leased employee under Code Section 414(n)) will count as service with the employer: any member of an affiliated service group (under Code Section 414(m)), any corporation which is included in a controlled group of corporations (under Section Code 414(b)) with the employer, any unincorporated trade or business which is under common control (under Section Code 414(c)) with the employer, and any entity aggregated with the employer under Code Section 414(o)). Service credited under this subsection (a) shall be limited to the period that the other entities were related to the employer in the manner described in the applicable Code section, unless the employer has elected in the adoption agreement to recognize service with any such entity for any period prior to the time such relationship commenced. (b) If the employer maintains a plan of a predecessor employer, service with the predecessor employer will be treated as service with the employer. (c) If not treated as plan service with the employer under subsection (b) above, service with any entity specifically so designated in the adoption agreement will be treated as service with the employer.
Sample 1

Related to Service With Other Organizations

  • Compliance with Organizational Documents The Seller shall comply with its limited liability company agreement and other organizational documents.

  • Compliance with Other Agreements Employee represents and warrants that the execution of this Agreement by him and his performance of his obligations hereunder will not conflict with, result in the breach of any provision of or the termination of or constitute a default under any agreement to which Employee is a party or by which Employee is or may be bound.

  • Professional Organizations During the Term, Executive shall be reimbursed by the Company for the annual dues payable for membership in professional societies associated with subject matter related to the Company's interests. New memberships for which reimbursement will be sought shall be approved by the Company in advance.

  • Compliance with Other Agreements and Applicable Laws Borrower is not in default in any material respect under, or in violation in any material respect of any of the terms of, any agreement, contract, instrument, lease or other commitment to which it is a party or by which it or any of its assets are bound and Borrower is in compliance in all material respects with all applicable provisions of laws, rules, regulations, licenses, permits, approvals and orders of any foreign, Federal, State or local governmental authority.

  • Organization and Related Matters Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

  • Compliance with Other Laws Secured Party may comply with any applicable state or federal law requirements in connection with a disposition of the Collateral and compliance will not be considered to adversely affect the commercial reasonableness of any sale of the Collateral.

  • Compliance with Other Instruments The execution, delivery and performance by the Purchaser of this Agreement and the consummation by the Purchaser of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of its organizational documents, (ii) of any instrument, judgment, order, writ or decree to which it is a party or by which it is bound, (iii) under any note, indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase order to which it is a party or by which it is bound or (v) of any provision of federal or state statute, rule or regulation applicable to the Purchaser, in each case (other than clause (i)), which would have a material adverse effect on the Purchaser or its ability to consummate the transactions contemplated by this Agreement.

  • Authorization, Enforcement, Compliance with Other Instruments (i) The Company has the requisite corporate power and authority to enter into and perform this Agreement, the Registration Rights Agreement, the Escrow Agreement, the Placement Agent Agreement and any related agreements, in accordance with the terms hereof and thereof, (ii) the execution and delivery of this Agreement, the Registration Rights Agreement, the Escrow Agreement, the Placement Agent Agreement and any related agreements by the Company and the consummation by it of the transactions contemplated hereby and thereby, have been duly authorized by the Company's Board of Directors and no further consent or authorization is required by the Company, its Board of Directors or its stockholders, (iii) this Agreement, the Registration Rights Agreement, the Escrow Agreement, the Placement Agent Agreement and any related agreements have been duly executed and delivered by the Company, (iv) this Agreement, the Registration Rights Agreement, the Escrow Agreement, the Placement Agent Agreement and assuming the execution and delivery thereof and acceptance by the Investor and any related agreements constitute the valid and binding obligations of the Company enforceable against the Company in accordance with their terms, except as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of creditors' rights and remedies.

  • Authorization; Other Agreements The Secured Parties are hereby authorized, without notice to or demand upon any Guarantor and without discharging or otherwise affecting the obligations of any Guarantor hereunder and without incurring any liability hereunder, from time to time, to do each of the following: (a) (i) modify, amend, supplement or otherwise change, (ii) accelerate or otherwise change the time of payment or (iii) waive or otherwise consent to noncompliance with, any Guaranteed Obligation or any Loan Document; (b) apply to the Guaranteed Obligations any sums by whomever paid or however realized to any Guaranteed Obligation in such order as provided in the Loan Documents; (c) refund at any time any payment received by any Secured Party in respect of any Guaranteed Obligation; (d) (i) Sell, exchange, enforce, waive, substitute, liquidate, terminate, release, abandon, fail to perfect, subordinate, accept, substitute, surrender, exchange, affect, impair or otherwise alter or release any Collateral for any Guaranteed Obligation or any other guaranty therefor in any manner, (ii) receive, take and hold additional Collateral to secure any Guaranteed Obligation, (iii) add, release or substitute any one or more other Guarantors, makers or endorsers of any Guaranteed Obligation or any part thereof and (iv) otherwise deal in any manner with the Borrower and any other Guarantor, maker or endorser of any Guaranteed Obligation or any part thereof; and (e) settle, release, compromise, collect or otherwise liquidate the Guaranteed Obligations.

  • No Conflict With Other Instruments The execution of this Agreement and the consummation of the transactions contemplated by this Agreement will not result in the breach of any term or provision of, constitute a default under, or terminate, accelerate or modify the terms of, any indenture, mortgage, deed of trust, or other material agreement or instrument to which the Company is a party or to which any of its assets, properties or operations are subject.

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