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 (g)(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. (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.
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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

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 Security Agreement, the Investor Registration Rights Agreement, the Irrevocable Transfer Agent Agreement, and any related agreements (collectively the "Transaction Documents") and to issue the Convertible Debentures and the Conversion Shares in accordance with the terms hereof and thereof, (ii) the execution and delivery of the Transaction Documents by the Company and the consummation by it of the transactions contemplated hereby and thereby, including, without limitation, the issuance of the Convertible Debentures the Conversion Shares and the reservation for issuance and the issuance of the Conversion Shares issuable upon conversion or exercise thereof, 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) the Transaction Documents have been duly executed and delivered by the Company, (iv) the Transaction Documents 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. The authorized officer of the Company executing the Transaction Documents knows of no reason why the Company cannot file the registration statement as required under the Investor Registration Rights Agreement or perform any of the Company's other obligations under such documents.

  • Authorization; Other Agreements The Guarantied Parties are hereby authorized, without notice to, or demand upon, any Guarantor, which notice and demand requirements each are expressly waived hereby, and without discharging or otherwise affecting the obligations of any Guarantor hereunder (which obligations shall remain absolute and unconditional notwithstanding any such action or omission to act), from time to time, to do each of the following: (a) supplement, renew, extend, accelerate or otherwise change the time for payment of, or other terms relating to, the Obligations, or any part of them, or otherwise modify, amend or change the terms of any promissory note or other agreement, document or instrument (including the other Loan Documents) now or hereafter executed by the Borrower and delivered to the Guarantied Parties or any of them, including any increase or decrease of principal or the rate of interest thereon; (b) waive or otherwise consent to noncompliance with any provision of any instrument evidencing the Obligations, or any part thereof, or any other instrument or agreement in respect of the Obligations (including the other Loan Documents) now or hereafter executed by the Borrower and delivered to the Guarantied Parties or any of them; (c) accept partial payments on the Obligations; (d) receive, take and hold security or collateral for the payment of the Obligations or any part of them and exchange, enforce, waive, substitute, liquidate, terminate, abandon, fail to perfect, subordinate, transfer, otherwise alter and release any such security or collateral;

  • Conflicts with Other Agreements In the event of any conflict or inconsistency between the terms of this Agreement and any employment, severance or other agreement between the Company and the Participant, the terms of this Agreement shall govern.

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