Transfer of Pension Funds Sample Clauses

Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees' Retirement System transfers annuity and pension funds to either the State Retirement System or Teachers' Retirement System, the Board agrees to contact affected employees to notify them of executing an authorization and/or release for such transfer. Prior to and after the employee's annuity and pension funds have been transferred to either the State Retirement System or Teachers' Retirement System, the Employees' Retirement System shall provide each affected employee with a financial statement regarding his respective annuity and pension funds. Until this authorization and/or release is fully executed, the member shall remain in the Employees' Retirement System without loss of benefits.
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Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees’ Retire- ment System transfers annuity and pension funds to either the State Retirement System or Teachers’ Re- tirement System, the Board agrees to contact affected employees to notify them of executing an authoriza- tion and/or release for such transfer. Prior to and after the employee’s annuity and pension funds have been transferred to either the State Retirement System or Teachers’ Retirement System, the Employees’ Retire- ment System shall provide each affected employee with a financial statement regarding his respective annuity and pension funds. Until this authorization and/or release is fully executed, the member shall remain in the Employees’ Retirement System without loss of benefits.
Sample 1
Transfer of Pension Funds. Employee Authorization and Release - In cases where the Employees’ Retirement System transfers annuity and pension funds to either the State Retirement System or Teachers’ Retirement System, the Board agrees to contact affected employ- ees to notify them of executing an authorization and/or release for such transfer . Prior to and after the employ- ee’s annuity and pension funds have been transferred to either the State Retirement System or Teachers’ Re- tirement System, the Employees’ Retirement System shall provide each affected employee with a financial statement regarding his respective annuity and pen- sion funds . Until this authorization and/or release is ful- ly executed, the member shall remain in the Employees’ Retirement System without loss of benefits .
Sample 1
Transfer of Pension Funds. As and when Buyer Service Co employs any Employee or group of Employees, Buyer shall give Seller not less than ten (10) days’ written notice of the date on which such employment is to take effect (the “Employment Date”), which notice shall contain the specific names of the Employees to be employed by Buyer Service Co. No later than one day after the Employment Date, Seller shall cause the aggregate sum of the Pension Funds attributable to such Employee or group of Employees (calculated in accordance with the criteria and formula set forth on Schedule 12.4(a) hereto), free and clear of any reductions or withholding whatsoever, to be transferred from the Pension Plan of those Employees to the trustee or administrator of Buyer Service Co’s Pension Plan by wire transfer to the account maintained for Buyer Service Co’s Pension Plan. No tranfer of Pension Funds will be made with regard to an Employee until that Employee has actually been employed by Buyer Service Co.
Sample 1

Related to Transfer of Pension Funds

  • Supplemental Provisions All of the terms, conditions, representations, warranties, covenants and other provisions, if any, set forth in the supplemental provisions attached hereto as Schedule 2 (the “Supplemental Provisions”) are hereby incorporated into this Contract and shall be considered a part hereof. In the event of any conflict or inconsistency between the Supplemental Provisions and the other provisions of this Contract, the Supplemental Provisions shall control.

  • Lock-Up Provisions (a) Holder hereby agrees not to, during the period (the “Lock-Up Period”) commencing from the Closing and ending on the earlier of (A) the one (1) year anniversary of the date of the Closing, (B) the first date subsequent to the Closing with respect to which the closing price of the Purchaser Common Stock has equaled or exceeded $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Closing or (C) the date on which the Purchaser completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of the Purchaser’s stockholders having the right to exchange their shares of Purchaser Common Stock for cash, securities or other property: (i) lend, offer, pledge, hypothecate, encumber, donate, assign, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any Restricted Securities, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Restricted Securities or (iii) publicly disclose the intention to do any of the foregoing, whether any such transaction described in clauses (i), (ii) or (iii) above is to be settled by delivery of Restricted Securities or other securities, in cash or otherwise (any of the foregoing described in clauses (i), (ii) or (iii), a “Prohibited Transfer”). The foregoing sentence shall not apply to the transfer of any or all of the Restricted Securities owned by Xxxxxx (I) by gift, (II) by will or other testamentary document or intestate succession upon the death of Xxxxxx, (III) to any Permitted Transferee (as defined below), (IV) pursuant to a court order or settlement agreement or other domestic order related to the distribution of assets in connection with the dissolution of marriage or civil union, (V) to the Purchaser pursuant to any contractual arrangement in effect on the date of this Agreement that provides for the repurchase of shares of Purchaser Common Stock in connection with the termination of the undersigned’s employment with or service to the Purchaser; provided, however, that in any of cases (I), (II), (III) or (IV) above, it shall be a condition to such transfer that the transferee executes and delivers to the Purchaser and the Purchaser Representative an agreement stating that the transferee is receiving and holding the Restricted Securities subject to the provisions of this Agreement applicable to Holder, and there shall be no further transfer of such Restricted Securities except in accordance with this Agreement. As used in this Agreement, the term “

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