Supplemental Plan. The Supplemental Plan shall mean the IBC Supplemental Executive Retirement Plan, as amended, or any successor supplemental retirement plan adopted by IBC.
Supplemental Plan. Effective as of the Effective Time, Technologies shall adopt a plan substantially similar to the BEI Supplemental Plan (the "Technologies Supplemental Plan"). Prior service with BEI or any of its Subsidiaries shall be recognized under the Technologies Supplemental Plan for the purpose of meeting all vesting, eligibility and other service-related requirements thereunder. As of, or as soon as administratively feasible following, the Effective Time, assets, benefits and liabilities accrued under the BEI Supplemental Plan, with respect to participants in the BEI Supplemental Plan who become employees of Technologies or who become or remain employees of any Subsidiary of Technologies, shall be transferred to, and thereafter administered under, the terms of the Technologies Supplemental Plan. Technologies hereby agrees to assume, and shall indemnify and hold harmless BEI from and against, any and all claims brought against BEI or any of its Subsidiaries under the Technologies Supplemental Plan or with respect to the assets, benefits or liabilities transferred from the BEI Supplemental Plan to the Technologies Supplemental Plan.
Supplemental Plan. The Executive will be entitled to participate, in accordance with the provisions thereof, in the FNB Supplemental Executive Retirement Plan, as such plan may be amended from time to time.
Supplemental Plan. (a) (i) Effective as of Immediately after the Distribution Date, all Liabilities accrued on the books and records of any member of the Mxxxxx Oil Group or any member of the Mxxxxx USA Group with respect to the Supplemental Plan to the extent applicable to any Mxxxxx USA Employee, and assets allocable to such Liabilities, if any, shall be transferred to and assumed by Mxxxxx USA, or retained by Mxxxxx USA as the case may be, (“Mxxxxx USA Supplemental Plan Liabilities”) under the New Mxxxxx USA Plan that corresponds to the Supplemental Plan.
Supplemental Plan. The Company intends to adopt a supplemental executive retirement or savings plan (the "Supplemental Plan") for certain key executives, which is expected to be implemented as soon as reasonably practicable. The Executive shall be entitled to participate in the Supplemental Plan from and after the effective date thereof, on terms and conditions substantially similar to peer executives.
Supplemental Plan. If, after a Special Meeting, the Notifying Party continues to believe that the Receiving Party is not meeting its diligence obligations pursuant to this Article 6 or if the Notifying Party wishes to formalize the Receiving Party’s commitment to take such additional actions (if any) discussed in the Special Meeting, then the Notifying Party may so notify the Receiving Party in writing. Within thirty (30) days after the date of any such notice, the Receiving Party will indicate in writing to the Notifying Party whether it agrees with the concerns of the Notifying Party. If the Parties disagree, then each Party may invoke the dispute resolution mechanism described in Article 13. If the Receiving Party agrees that additional actions need to be taken, the Receiving Party will provide the Notifying Party with a plan describing the actions that the Receiving Party proposes to take to meet such obligation. If the Notifying Party then notifies the Receiving Party in writing that the Notifying Party agrees that such plan describes actions sufficient to meet such obligation, then such plan will be a “Supplemental Plan” and the Receiving Party will carry out the actions described in such plan. Each Supplemental Plan will include a specific timeline for the Receiving Party to take the steps described in such Plan. If the Notifying Party disagrees with the Receiving Party as to the sufficiency of the actions described in such plan to meet such obligation, and the Parties are unable to resolve such disagreement within thirty (30) additional days, either Party may invoke the dispute resolution mechanisms described in Article 13. No Supplemental Plan will be deemed to constitute an amendment to this Agreement.
Supplemental Plan. (1) After completion of six (6) months continuous employment, an Employee who provides the Employer with proof that the Employee has applied for and is eligible to receive Employment Insurance benefits pursuant to Section 22 or 23 of the Employment Insurance Act, 1996 shall be paid an allowance in accordance with the Supplementary Employment Benefit Plan.
(2) The objective of the Plan is to supplement the Employment Insurance Benefits (E.I.) of workers who are on leave of absence pursuant to Article 13 (a) and (b).
(3) Benefits payable under the Plan are a sum which, when combined with xxxxx X.X. benefits and other earnings, equal ninety-three per cent (93%) of the Employee’s normal weekly earnings.
(4) The duration of the benefits is seventeen (17) weeks for (a) and thirty five (35) weeks for (b) to a maximum of 52 weeks. For (b), in the case where both parents are Employees, the benefit can be shared up to a total of thirty five (35) weeks.
(5) Employees disentitled or disqualified from receiving E.I. benefits are not eligible for Supplementary Employment benefit payments.
(6) The Employees do not have a right to Supplementary Employment benefit payments except for supplementation of E.I. benefits during the employment period as specified in the Plan.
(7) The Plan is financed from the Employer’s general revenues. Supplementary Employment benefit payments will be kept separate from payroll records.
(8) The Employee must provide the Employer with proof that the Employee is receiving E.I. benefits (or that the Employee is not receiving benefits for reasons specified in the Plan). The Employer will inform Service Canada of any changes in the Plan within thirty (30) calendar days of the effective date of the change.
Supplemental Plan. Not withstanding anything to the contrary within the terms of the Anxxxxxx Xorporation Supplemental Plan (as originally effective April 1, 1980 and as amended from time to time, including a restatement as of January 23, 1990) (the "Supplemental Plan"), it is agreed that the Executive's Final Average Compensation, as such term is defined in the Supplemental Plan, shall be Three Hundred Eighty-Five Thousand and Forty Dollars ($385,040). In all other respects the benefit payable under the Supplemental Plan shall be calculated in accordance with the terms of the Supplemental Plan. The Final Average Compensation is only subject to renegotiation after the expiration of five (5) years following the Effective Date, however, in no event shall the Final Average Compensation be less than the amount set out in this Section 2.4(f).
Supplemental Plan. Effective as of the Effective Time, all Liabilities with respect to the Emerson RELTEC SERP shall be assumed or retained, as applicable, by the Vertiv Group.
Supplemental Plan. If, after a Special Meeting, Gilead continues to believe that GSK is not meeting its diligence obligations pursuant to this Article 6, or if Gilead wishes to formalize GSK's commitment to take such additional actions discussed in the Special Meeting, then Gilead may so notify GSK in writing. Within [ * ] after the date of any such notice, GSK shall either (i) provide Gilead with a written plan describing the actions that GSK proposes to take to meet such obligation, or (ii) notify Gilead that GSK does not believe that any such additional actions are required in order for GSK to comply with its diligence obligations pursuant to this Article 6, and chooses not to provide such a plan. If GSK provides such a plan and Gilead notifies GSK in writing that Gilead agrees with GSK that such plan describes actions sufficient to meet such obligation, then such plan shall be a "Supplemental Plan." In such event, GSK shall carry out the actions described in such plan. Each Supplemental Plan shall include a specific timeline for GSK to take the steps described in such plan. If Gilead disagrees with GSK as to the sufficiency of the actions described in such plan to meet such obligation, or if GSK notifies Gilead as provided for above that GSK chooses not to provide such a plan, and the Parties are unable to resolve such disagreement within [ * ] additional days, then either Party may proceed pursuant to Section 16.
1. If GSK has materially breached its obligations under this Article 6, Gilead shall be entitled to terminate this Agreement pursuant to Section 15.3.
