Summary of the Plan Sample Clauses

Summary of the Plan. The Local Investment Plan identifies and prioritises the key themes, investments and projects which relate to housing and regeneration in East Suffolk. It provides a framework for making choices within limited resources and highlights where support from the Homes and Communities Agency is or may be sought as part of the funding package applicable to each priority investment. Although the focus of the Investment Plan is on the administrative boundaries of Suffolk Coastal District Council and Waveney District Council, it should be recognised that activity will not be constrained by those boundaries and where opportunities arise the Councils will work with partners and others in neighbouring authorities. A set of 17 objectives have been identified and represent the basic targets needed to meet the vision as identified within the Sustainable Communities Strategies for both Suffolk Coastal and Waveney. In order to meet the objectives set and challenges identified within Section 4, a number of priorities have been identified as to where future investment is required. These fall into two basic groups, Thematic and Spatial. ‘Thematic’ priorities. These are generic in their nature and fall under five basic headings:
Sample 1
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Summary of the Plan. This section of the Disclosure Statement summarizes the Plan, a copy of which is annexed hereto as Exhibit A. This summary is qualified in its entirety by reference to the Plan.
Sample 1
Summary of the Plan. 15. The cornerstones of the Plan are: (i) the creation of an asbestos trust to which all of the present and future Asbestos Personal Injury Claims against the Debtor will be channeled for resolution and payment; (ii) the transfer of assets to the asbestos trust for the payment of such claims; (iii) the emergence of Reorganized ARTRA with sufficient assets from which to fund its post-confirmation business activities; and (iv) entry of a permanent channeling injunction that would enjoin future prosecution of Asbestos Personal Injury Claims against the Debtor. Reorganized ARTRA, and the other Released Parties.
Sample 1
Summary of the Plan. The following is a brief summary of the Plan, which is qualified in its entirety by reference to the Plan, attached as Exhibit 1 to this Disclosure Statement. The Plan provides for the formation of a new entity, Jamboree LLC, which will be the owner of CWOP's sole asset, the office building complex located at 0000-0000 Xxxxxxxxx Xxxxx in Irvine, California (the "Property"). The creditors of CWOP will be satisfied under the Plan as follows: (a) holders of the approximately $198 million of mortgage participation certificates (the "Certificateholders") will receive collectively the New Notes in the aggregate principal amount of $100 million issued by Jamboree LLC and secured by the Property and an initial 90% membership interest in Jamboree LLC, which membership interest will be held through a newly formed corporation to be operated as a real estate investment trust (as described in Section VI.A) ("Jamboree Office REIT") and will receive 0.1% of the amount of their deficiency claims in cash; (b) each holder of an Allowed General Unsecured Claim will be paid in full and (c) each holder of a Secured Tax Claim or Priority Claim will receive payment in full over time, unless other treatment is agreed to by such holder. The partners of CWOP will retain their proportional interests in Reorganized CWOP, which on the Effective Date will own an initial 10% membership interest in Jamboree LLC. Reorganized CWOP's interest in Jamboree LLC will be exchangeable for an equivalent percentage equity interest in Jamboree Office REIT (subject to dilution). In addition, Reorganized CWOP will receive the New Property Appreciation Rights issued by Jamboree Office REIT representing the right to receive cash payments based upon a percentage of the appreciation of the value of the shares of Jamboree Office REIT above specified values or, at Jamboree Office REIT's election, the right to receive shares of Jamboree Office REIT (the "New Property Appreciation Rights"). As part of the Plan, Jamboree LLC will enter into a new five-year property management agreement with Winthrop California Management, the current property manager. The classification and treatment of creditors and partners under the Plan are discussed in Section IV.B. Distributions under the Plan will be in (a) cash, (b) notes issued by Jamboree LLC payable to certain taxing authorities, (c) the New Notes issued by Jamboree LLC, (d) Jamboree Office REIT Shares, (e) the New Property Appreciation Rights and (f) Jamboree LLC U...
Sample 1

Related to Summary of the Plan

  • AMENDMENT OF THE PLAN Upon at least sixty (60) days written notice to each Subscriber, with the written consent of the Trustee and in accordance with Applicable Legislation, the Promoter may from time to time amend the Plan with the concurrence of relevant taxation and other regulatory authorities having jurisdiction over the Plan, provided that such amendment does not have the effect of disqualifying the Plan for acceptance as a registered education savings plan within the meaning of the Applicable Legislation or disqualifying the Beneficiary as recipient of Government Funded Benefits according to the Applicable Legislation. However, if the Plan must be amended to ensure the Plan continues to comply with the Applicable Legislation as amended from time to time, the Promoter is not required to give the Subscriber(s) prior notice of such amendments to the Plan and such amendments will be effective immediately after they have been made.

  • of the Plan The Employer's cash or deferred contribution is the amount the Employer may from time to time deem advisable which the Employer designates as a cash or deferred contribution prior to making that contribution to the Trust.

  • Term of the Plan The Plan, as set forth herein, shall come into existence on the date of its adoption by the Board of Directors; provided, however, that no Award may be granted hereunder prior to the Effective Date. The Board of Directors may suspend or terminate the Plan at any time. No ISOs may be granted after the tenth anniversary of the earlier of (i) the date the Plan is adopted by the Board of Directors, or (ii) the date the Plan is approved the stockholders of the Company.

  • Incorporation of the Plan All terms, conditions and restrictions of the Plan are incorporated herein and made part hereof as if stated herein. If there is any conflict between the terms and conditions of the Plan and this Agreement, the terms and conditions of the Plan shall govern. Unless otherwise indicated herein, all capitalized terms used herein shall have the meanings given to such terms in the Plan.

  • Administration of the Plan a. The Plan will be administered by the Company in accordance with its terms and the costs of administration shall be the responsibility of the Company. Upon determination of each Quarterly Profit calculation, such calculation shall be forwarded to the Chair of the Union Negotiating Committee accompanied by a Certificate of Officer signed by the Chief Financial Officer of the Company, providing a detailed description of any adjustments made to Earnings Before Income and Taxes and stating that Profit was determined in accordance with GAAP and that Quarterly Profit was calculated in accordance with this Section.

  • The Plan This Plan is the Fund's written distribution and service plan for Class N shares of the Fund (the "Shares"), contemplated by Rule 12b-1 as it may be amended from time to time (the "Rule") under the Investment Company Act of 1940 (the "1940 Act"), pursuant to which the Fund will compensate the Distributor for its services in connection with the distribution of Shares, and the personal service and maintenance of shareholder accounts that hold Shares ("Accounts"). The Fund may act as distributor of securities of which it is the issuer, pursuant to the Rule, according to the terms of this Plan. The terms and provisions of this Plan shall be interpreted and defined in a manner consistent with the provisions and definitions contained in (i) the 1940 Act, (ii) the Rule, (iii) Rule 2830 of the Conduct Rules of the National Association of Securities Dealers, Inc., or any applicable amendment or successor to such rule (the "NASD Conduct Rules") and (iv) any conditions pertaining either to distribution-related expenses or to a plan of distribution to which the Fund is subject under any order on which the Fund relies, issued at any time by the U.S. Securities and Exchange Commission ("SEC").

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Modifications to the Award Agreement This Award Agreement constitutes the entire understanding of the parties on the subjects covered. Participant expressly warrants that he or she is not accepting this Award Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Award Agreement or the Plan can be made only in an express written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Award Agreement, the Company reserves the right to revise this Award Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this Award of Restricted Stock Units.

  • Stock Plan Each stock option granted under any stock option plan of the Company (each, a “Stock Plan”) was granted with a per share exercise price no less than the fair market value per Common Share on the grant date of such option, and no such grant involved any “back-dating,” “forward-dating” or similar practice with respect to the effective date of such grant; each such option (i) was granted in compliance with applicable law and with the applicable Stock Plan(s), (ii) was duly approved by the board of directors (or a duly authorized committee thereof) of the Company or such Subsidiary, as applicable, and (iii) has been properly accounted for in the Company’s consolidated financial statements and disclosed, to the extent required, in the Company’s filings or submissions with the Commission and the Canadian Qualifying Authorities.

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