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: 1. Meeting Housing Needs 2. Supporting the Economy 3. Transport 4. Utilities (Gas, Electricity, Broadband, Water and Drainage)
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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. 16. The Plan and the Trust Distribution Procedures attached thereto require that all holders of unliquidated Asbestos Personal Injury Claims will have to file a claim form with the Asbestos Trust, together with supporting documentation. The Asbestos Trust shall evaluate resolve and pay the Asbestos Personal Injury Claims in accordance with the Trust Distribution Procedures. 17. After making distributions required under the Plan. Reorganized ARTRA will remain in business with the following assets: a. Debtor’s approximate $4,100,000 net operating loss carry forward; b. cash proceeds of $700,000 and ownership of the Comforce Stock, subject to the terms of the Escrow Agreement; and c. Debtor’s existing oil and mineral rights, if any. 18. The Plan incorporates several previously approved settlement agreements, as follows: (i) Entrade Settlement, as more fully described in section 7.1(a) of the Plan, having an aggregate value to the Asbestos Trust of $5,000,000. (ii) Muralo Settlement, as more fully described in section 7.l(b) of the Plan, having an aggregate value of $2.5 million to the Asbestos Trust except for $27,500 earmarked for payment by Reorganized ARTRA to the holders of Class 2B Defense Costs Claims. (iii) Fireman’s Fund Settlement, as more fully described in section 7.l(c) of the Plan, having an aggregate value of $4,125,000 to the Asbestos Trust. (iv) Granite State Asbestos Coverage Settlement, as more fully described in section 7.1(d) of the Plan, having an aggregate value of $58,618,963 to the Asbestos Trust. Pursuant to the Fireman’s Fund Settlement and the Granite State Asbestos Coverage Settlement. Fireman’s Fund and Granite State are each deemed a “Settling Asbestos Insurance Company” under the Plan. In exchange for their contributions to the Debtor’s Estate and the Asbestos Trust, the Debtor, Reorganized ARTRA, Granite State. Fireman’s Fun...
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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.
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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...
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Related to Summary of the Plan

  • 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.

  • 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 Subject to the final authority of the Board, the administration of the plan shall be vested in the Human Resources Department. The Human Resources Department shall keep a record of the credits and deductions for each employee and shall provide a statement in hours to each employee annually of the state of their credit under the plan.

  • 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").

  • Background and Narrative of Budget Reductions 2. Assumptions Used in the Deficit Reduction Plan: - EBF and Estimated New Tier Funding: - Equal Assessed Valuation and Tax Rates: - Employee Salaries and Benefits: - Short and Long Term Borrowing: - Educational Impact: - Other Assumptions: - Has the district considered shared services or outsourcing (Ex: Transportation, Insurance) If yes please explain:

  • SCOPE OF SERVICES/CASE HANDLING A. Upon execution by GPM, attorneys are retained to provide legal services for the purpose of seeking damages and other relief in the Litigation. Client provides authorization to seek appointment as Lead Plaintiff in the class action, while the Attorneys will seek to be appointed Class Counsel. If this occurs, the Litigation will be prosecuted as a class action. B. If you obtain access to non-public information during the pendency of the Litigation, you must not engage in transactions in securities. C. Attorneys are authorized to prosecute the Litigation. The appointed Lead Plaintiffs will monitor, review and participate with counsel in the prosecution of the Litigation. The Attorneys shall consult with the appointed Lead Plaintiffs concerning all major substantive matters related to the Litigation, including, but not limited to, the complaint, dispositive motions and settlement. Because of potential differences of opinion between Clients concerning, among other things, strategy, goals and objectives of the Litigation, the Attorneys shall consult with the appointed Lead Plaintiffs as to the courses of action to pursue. The Client agrees to abide by the decisions of the appointed Lead Plaintiffs, which shall be final and binding on all Clients. D. GPM is given the authority to opt the Client out of any class action proceeding relating to the claims authorized herein and/or pursue the Client claim individually in a group action, if the Client is not appointed Lead Plaintiff and GPM is not appointed Class Counsel. E. The Attorneys shall provide sufficient resources, including attorney time and capital for payment of costs and expenses, to vigorously prosecute the Litigation. F. Any recovery from defendants that the Attorneys are responsible for will be divided among class members based on the recognized loss by each class member as calculated by a damage allocation plan which will be prepared by a financial expert or consultant, provided to the appointed Lead Plaintiffs, be subject to the Court's approval and will account for such factors as size of securities ownership, date of purchase, date of sale and continued holdings, if any. Under the rules governing class action litigation, while the Lead Plaintiffs recover according to the same formula as other class members, the Court may approve, upon application therefore, reimbursement of the Lead Plaintiffs’ reasonable costs and expenses directly related to the representation of the class. Examples are lost wages and travel expenses associated with testifying in the action.

  • 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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