SIP. (a) In General Company has previously established the SIP for the benefit of its employees. As soon as practicable after the date hereof and effective as of the Distribution Date, Company shall take, or cause to be taken, all necessary and appropriate action to allow each Company Transfer Employee to be enrolled in the SIP as soon as practicable after his or her Transfer Date. Effective no later than the Distribution Date, Company shall cause the SIP to be amended such that amounts under the SIP after such date shall not be applied to purchase the common stock of Parent.
SIP. “SIP,” when immediately preceded by “BMS,” means the BMS Savings and Investment Program, a defined contribution plan. When immediately preceded by “BMSPR,” “SIP” means the BMSPR Savings and Investment Program, a defined contribution plan. When immediately preceded by “Xxxx Xxxxxxx,” “SIP” means the defined contribution plan funded by a trust that is qualified under U.S. Code Section 401(a) and exempt from taxation under U.S. Code Section 501(a)(1), to be established by Xxxx Xxxxxxx pursuant to Section 2.2 to accept a spin-off of the assets and Liabilities relating to benefits accrued by U.S. Xxxx Xxxxxxx Transferred Employees under the BMS SIP prior to the Separation Date in accordance with Section 6.1. When immediately preceded by “Xxxx Xxxxxxx XX,” “SIP” means the defined contribution plan funded by a trust that is qualified and exempt from taxation under PR Code 1165(a), and pursuant to ERISA Section 1022(i)(1), under U.S. Code Section 501(a), to be established by Xxxx Xxxxxxx XX pursuant to Section 2.2 to accept a spin-off of the assets and Liabilities relating to benefits accrued by US Xxxx Xxxxxxx Transferred Employees under the BMSPR SIP prior to the Separation Date in accordance with Section 6.1.
SIP. Session Initiated Protocol is a protocol used in VoIP communications allowing users to make voice calls.
SIP. The Bidders acknowledge and agree that the acquisition of “Partnership Shares”, “Matching Shares” and “Dividend Shares” under the SIP may continue until the last reasonably practicable normal purchase date before the date of the Scheme Order.
SIP. The "SIP" shall hereinafter mean the Site Improvement Plan set (as defined in Section 27 of the Xxxxxxx County Zoning Resolution) SP0 - for , Xxxxxxx County, Colorado, which has been presented to the County and is expected to be approved by the County at the time of, and in connection with, approval of this Agreement by the County.
SIP. For periods after December 31, 1996, the Executive shall not be --- entitled to any Long-Term Incentive Share Awards, but shall be entitled to participate in the Strategic Incentive Plan (the "SIP") in accordance with its terms as in effect from time to time; subject to the following:
(i) The amount of the maximum award opportunity for the Executive under the SIP for each SIP performance period shall be not less than 100% of the Executive's salary for the period of the entire performance period, with the minimum value of the award for the period not less than 75% of the Executive's salary for the performance period if the target goals established by the Board for the performance period are achieved.
(ii) Notwithstanding the provisions of the SIP to the contrary, the Executive's rights to benefits under the SIP on termination of employment shall be determined in accordance with the provisions of paragraph 4 of this Agreement.
SIP. SIP, when immediately preceded by “Xxxx-XxXxx,” means the Xxxx-XxXxx Corporation Savings Investment Plan. When immediately preceded by “Tronox,” SIP means the tax-qualified defined contribution retirement plan to be established by Tronox pursuant to Section 2.03 that corresponds to the Xxxx-XxXxx SIP.
SIP. In consideration of the Restrictive Covenants Extension, Employee’s remaining 2011 SIP payment of Three Hundred Thirty Three Thousand Dollars and No Cents ($333,000.00) shall be paid at the same time as similar payments are made to other executives of the Company in the ordinary course, but no later than March 15, 2014. Employee acknowledges and agrees he is not entitled to any payment in respect of the 2013 SIP.
SIP. 4.1 As at 25 August 2023, the SIP Trust held 276,378 Company Ordinary Shares, of which 219,158 are held on behalf of employees and 57,220 are unallocated.
4.2 The Purchaser acknowledges that Company Ordinary Shares held in the SIP Trust on behalf of participants in the SIP and any unallocated Company Ordinary Shares held in the SIP Trust will participate in the Scheme on the same terms as all other Scheme Shareholders.
SIP. If the parties fail to Close for any reason, the Franchise Agreement, SIP Agreement, and any other agreements thereto, shall remain in full force and effect in accordance with their terms.
