Transitional scheme Sample Clauses

Transitional scheme. 16.1 The following transitional provisions apply in connection with the replacement of the agreement of 20 November 2009 with this agreement: a. Exceeded obligations for the period 2010 to 2012 may be transferred to the period 2013 and onwards. The transfer will be on the terms applying under the agreement of 20 November 2009, i.e. savings must be calculated according to the rules that applied when realisation of the savings was completed. b. Any under coverage by the end of 2012, which may account for no more than 35% of a single year's saving obligation under the agreement of 20 November 2009, will be transferred to the subsequent agreement period. Realisation of unmet saving obligations for the 2010-2012 period, will be on the terms for including savings in calculations applying under this agreement. c. Exceeded obligations may only be transferred to the extent that the savings have been calculated and reported to the Danish Energy Agency to meet the savings target in 2010-2012, pursuant to the rules that applied at the time of realisation. Savings that have not been reported for the period 2010 to 2012 may not be transferred. d. Any exceeded obligations at the end of 2015 may be transferred to the subsequent period according to similar rules. Under coverage at the end of 2015 must be transferred similarly to the subsequent period.
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Transitional scheme. The Optional Pay Account shall be put into force as follows: The Optional Pay Account shall be established with effect from 1 May 2007. The enterprise shall seek to provide the administrative conditions to establish the Optional Pay Account for individual employees as soon as possible. This shall be implemented by 2 January 2008. Before the Optional Pay Account is put into force, each employee shall notify the enterprise of the number of days off for holiday purposes not taken they want to be able to take at a later time during the holiday year and how many of those they decline and want to replace by a payment into the Optional Pay Account, cf. item 2(a) above. Similarly, they shall notify the enterprise of their choice regarding additional regular payment of pension contributions, cf. item (b) above. During the period from 1 May 2007 until the account is put into force, the enterprise shall pay on When the account is put into force, the following adjustments shall be made:
Transitional scheme. 1. When opting for the transitional scheme under article 5 no more collective adjustments of the fixed salary will take place. With effect from the date of the collective salary adjustment as referred to in article 5.4 of the CAO the variable salary percentage will be increased by at least the percentage referred to in article 5.4 of the CAO. 2. When opting for the transitional scheme no more individual increases of the fixed salary will take place. The percentage of the individual salary increase that employees would have been awarded subject to their annual performance assessment and the salary scale within grade according to the salary guideline, will be added to the variable salary percentage with effect from April 1 of the calendar year. 3. The exclusion of the CAO articles referred to in article 5 paragraph 2, as well as the transitional scheme referred to in paragraphs 1 and 2 of this article, will only apply as long as the nominal variable salary component does not amount to 43%. From the moment the employee’s nominal variable salary component amounts to 43%, the provisions laid down in article 5 paragraph 2 of the applicable CAO will once again apply in full.
Transitional scheme. If the employee has accrued extra holiday entitlement as of 1 May 2020, the employee may choose, by means of written notification before 1 June 2020 to the enterprise, to convert one or more of the extra holiday days in the period 1 May 2020 to 31 August 2021 to a deposit in the free-choice account rather than taking them as holiday. For extra holiday days for the period from 1 May 2020 to 31 August 2021, a total of 6.67 extra holiday days, applies that one extra holiday day can be converted to 0.375 per cent of the pay entitled to a holiday in the period from 1 May 2020 to 31 August 2021. If all 6.67 extra holiday days are converted to a deposit in the free-choice account, 2.5 per cent will thus be paid on an ongoing basis in the period from 1 May 2020 to 31 August 2021. Each year in May (from 2021), if the employee has accrued extra holiday entitlement as of 1 September, the employee may choose, by means of written notification to the enterprise, to convert one or more of the extra holiday days in the next holiday year to a deposit in the free-choice account rather than taking them as holiday. An extra holiday day can be converted into 0.5 per cent of the holiday entitlement pay. If all five extra holiday days are converted to a deposit in the free-choice account, 2.5 per cent will thus be paid on an ongoing basis within the holiday year. All savings deposits placed in the free-choice account include holiday pay as well as holiday allowance for the deposit even though they are paid as wages. Employees who are entitled to an occupational pension under the rules of the collective agreement when making their decision can inform the enterprise each year in May (from 2021) that all or part of the savings deposit to the free-choice account is to be paid into the pension scheme in the next holiday year (1 September – 31 August). In 2020 the choice must be made on 1 June at the latest and applies to the period from 1 May 2020 to 31 August 2021. The enterprise may set minimum limits for the deposit of monthly pension contributions of DKK 75. If the amount per month is less than this minimum contribution, the enterprise may decide to combine the contributions for two months. The deposit of extra pension contributions does not trigger an employer’s contribution for the deposit.

Related to Transitional scheme

  • Transitional Services Upon cancellation, termination, or expiration of the Contract for any reason, the Contractor shall provide reasonable cooperation, assistance and Services, and shall assist the Department to facilitate the orderly transition of the work under the Contract to the Department and/or to an alternative contractor selected for the transition upon written notice to the Contractor at least thirty (30) business days prior to termination or cancellation, and subject to the terms and conditions set forth in the Contract.

  • Transitional Period At the end of the transitional period as defined in Article 10(2) of the Directive, the contracting parties shall cease to apply the withholding/retention tax and revenue sharing provided for in this Agreement and shall apply in respect of the other contracting party the automatic exchange of information provisions in the same manner as is provided for in Chapter II of the Directive. If during the transitional period either of the contracting parties elects to apply the automatic exchange of information provisions in the same manner as is provided for in Chapter II of the Directive it shall no longer apply the withholding/retention tax and the revenue sharing provided for in Article 9 of this Agreement.

  • Transitional Arrangements 1. Subject to the provisions of paragraphs 2, 3 and 4, no Member shall be obliged to apply the provisions of this Agreement before the expiry of a general period of one year following the date of entry into force of the WTO Agreement. 2. A developing country Member is entitled to delay for a further period of four years the date of application, as defined in paragraph 1, of the provisions of this Agreement other than Articles 3, 4 and 5. 3. Any other Member which is in the process of transformation from a centrally-planned into a market, free-enterprise economy and which is undertaking structural reform of its intellectual property system and facing special problems in the preparation and implementation of intellectual property laws and regulations, may also benefit from a period of delay as foreseen in paragraph 2. 4. To the extent that a developing country Member is obliged by this Agreement to extend product patent protection to areas of technology not so protectable in its territory on the general date of application of this Agreement for that Member, as defined in paragraph 2, it may delay the application of the provisions on product patents of Section 5 of Part II to such areas of technology for an additional period of five years. 5. A Member availing itself of a transitional period under paragraphs 1, 2, 3 or 4 shall ensure that any changes in its laws, regulations and practice made during that period do not result in a lesser degree of consistency with the provisions of this Agreement.

  • Transitional Rule Notwithstanding the other requirements of this Section and subject to the requirements of Section 8.2, distribution on behalf of any Employee, including a five percent (5%) owner, may be made in accordance with all of the following requirements (regardless of when such distribution commences): (i) The distribution by the trust is one which would not have disqualified such trust under section 401(a)(9) of the Code as in effect prior to amendment by the Deficit Reduction Act of 1984. (ii) The distribution is in accordance with a method of distribution designated by the Employee whose interest in the trust is being distributed or, if the Employee is deceased, by a Beneficiary of such Employee. (iii) Such designation was in writing, was signed by the Employee or the Beneficiary, and was made before January 1, 1984. (iv) The Employee had accrued a benefit under the Plan as of December 31, 1983. (v) The method of distribution designated by the Employee or the Beneficiary specifies the time at which distribution will commence, the period over which distributions will be made, and in the case of any distribution upon the Employee's death, the Beneficiaries of the Employee listed in order of priority. A distribution upon death will not be covered by this transitional rule unless the information in the designation contains the required information described above with respect to the distributions to be made upon the death of the Employee. For any distribution which commences before January 1, 1984, but continues after December 31, 1983, the Employee, or the Beneficiary, to who such distribution is being made, will be presumed to have designated the method of distribution under which the distribution is being made if the method of distribution was specified in writing and the distribution satisfies the requirements in Subsections (i) through (v) above. If a designation is revoked, any subsequent distribution must satisfy the requirements of section 401(a)(9) of the Code and the regulations thereunder. If a designation is revoked subsequent to the date distributions are required to begin, the trust must distribute by the end of the calendar year following the calendar year in which the revocation occurs the total amount not yet distributed which would have been required to have been distributed to satisfy section 401(a)(9) of the Code and the regulations thereunder, but for the election under section 242(b)(2) of Pub. L. No. 97-248. For calendar years beginning after December 31, 1988, such distributions must meet the minimum distribution incidental benefit requirements in section 1.401(a)(9)-2 of the Income Tax Regulations. Any changes in the designation will be considered to be a revocation of the designation. However, the mere substitution or addition of another Beneficiary (one not named in the designation) under the designation will not be considered to be a revocation of the designation, so long as such substitution or addition does not alter the period over which distributions are to be made under the designation, directly or indirectly (for example, by altering the relevant measuring life). The rules of Q&A J-2 and J-3 of Income Tax Regulations section 1.401(a)(9)-1 shall apply to rollovers and transfers from one plan to another.

  • Transition Plan In the event of termination by the LHIN pursuant to this section, the LHIN and the HSP will develop a Transition Plan. The HSP agrees that it will take all actions, and provide all information, required by the LHIN to facilitate the transition of the HSP’s clients.

  • Transition Seller will not take any action that is designed or intended to have the effect of discouraging any lessor, licensor, customer, supplier, or other business associate of the Company from maintaining the same business relationships with the Company after the Closing as it maintained with the Company prior to the Closing. The Seller will refer all customer inquiries relating to the business of the Company to the Purchaser from and after the Closing.

  • Transitional Matters (a) Each of the parties acknowledges and agrees that the transition of the Business from the Selling Companies to Buyer will require that certain transactions and relationships will need to be entered into, restructured and reorganized in connection with the transition of the Business from the Selling Companies to Buyer. The parties agree that prior to the Closing Date, the parties shall cooperate with each other to identify all such transactions and relationships and negotiate in good faith to enter into a mutually acceptable Transitional Agreement effective as of the Closing Date, which agreement shall provide for all such transactions and relationships as are reasonably necessary to provide, (i) for (A) the operation of the Business and use of the Purchased Assets by Buyer, (B) the operation and use of the Excluded Assets by Sellers and the Selling Subsidiaries and (C) the separation of the Business, the Purchased Assets and the Assumed Liabilities from Parent and its Affiliates (including the Selling Companies), in each case during the period commencing on and after the Closing Date and ending no later than the one year anniversary of the Closing Date or such longer period as the parties may agree, including the following: (1) the transitioning of the financial systems, assets and hedging valuation systems, asset management systems, payroll and employee benefits systems and any other applicable business operating systems; (2) the provision of rights of access (provided that access to the ALSS Platform shall be governed and limited by the Intellectual Property Rights Agreement and the Services Agreement) to the Parent and its Affiliates to Intellectual Property currently owned (or licensed) by the Selling Companies (and included in the Purchased Assets) and used by Parent or the Selling Companies in the ordinary course of their business, or required by the Selling Companies for the operation and use of the Excluded Assets or Excluded Liabilities; provided, that access to the ALSS Platform and other Software shall be governed solely by the Intellectual Property Rights Agreement and the Services Agreement and, provided further, anything foregoing to the contrary notwithstanding, Buyer shall not be required to disclose or deliver trade secret or confidential information regarding the ALSS Platform, Software or Acquired Intellectual Property unless required by the Intellectual Property Rights Agreement, the Services Agreement or required by law or legal proceedings and under the type of protective provisions in the Intellectual Property Rights Agreement. (3) the provision of rights of access (to the extent not covered by the Intellectual Property Rights Agreement) to Buyer to Intellectual Property currently owned (or licensed) by Parent (or the Selling Companies) and used by the Selling Companies in connection with the Purchased Assets or Assumed Liabilities; (4) moving corporate records related to the Selling Companies; and (5) the provision of office space, computer equipment and supplies sufficient to enable the Selling Companies to complete any transition services; and (ii) for such services and facilities as Sellers and Selling Subsidiaries may require to monitor compliance with, and implementation of the Subservicing Agreement, during its term, including the provision of office space, computer equipment and supplies sufficient to enable Sellers to monitor compliance with the Retained Portfolio Subservicing Agreement throughout its term. (b) In addition to the matters to be identified pursuant to paragraph (a) of this Section 5.12, the Transition Agreement shall specifically provide for the transactions and matters outlined in Section 5.12 of Sellers' Disclosure Schedule. (c) For the purpose of facilitating the transition of the financial system, on or prior to the 15th day prior to the Closing Date, the Selling Companies shall create on their general ledger, a separate general ledger company ("GL Company"), as well as accounts for such GL Company ("Buyer GL Accounts"), which accounts shall be duplicative of the Selling Companies' own accounts ("Seller GL Accounts") and are intended to be used by the Buyer in the operation of the Business, the Purchased Assets and the Assumed Liabilities from and after the Closing Date. From and after the creation of the Buyer GL Accounts, until Closing, the Selling Companies shall maintain such accounts (as duplicate entries on the books of the Selling Companies in the name of the GL Company). From and after Closing until the completion of the transition of the financial system of the Selling Companies, the Buyer shall operate the Business by recording entries using the Buyer GL Accounts, and shall maintain on behalf of the Selling Companies, the Seller GL Accounts on its general ledger. (d) The party receiving service under the Transitional Agreement shall pay to the party providing service the costs incurred by such providing party. Services provided under the Transitional Agreement shall be performed at the same standard as the providing party performs such service for its own account.

  • Transitional Services Agreement Seller shall have executed and delivered the Transitional Services Agreement.

  • Training Plan 19.6.1 An apprentice shall be a party to an individual Training Plan. 19.6.2 The Training Plan sets out the training that the apprentice will do both on – the – job and off – the – job. The Training Plan also sets out how the Registered Training Organisation (RTO) will ensure the apprentice will receive quality training – both on – the – job and off – the – job. 19.6.3 The Training Plan reflects the choices made by the employer and the apprentice in relation to:-

  • Employee and Family Assistance Plan The CODC PRO Care Plan is an industry-funded employee and family assistance plan for employees and their eligible family members according to the participation of sponsoring organizations and employers as well as Plan eligibility rules. Employees must be enrolled in the Plan by their employer to become eligible for Plan benefits, subject to the Plan eligibility rules. An individual employee cannot self-enroll in the Plan. i. Employers are required to remit the Contract Administration and Industry Development fees and the monthly CODC Employer Report Form to CODC by the 15th of the month following the month in which the hours were worked. ii. Employers must also submit the monthly Employee Data Report to the PRO Care plan by the 15th of the month following to facilitate the confidential determination of eligibility by the EFAP provider. There are three ways to submit this data:  entering the data directly on the CODC website at xxx.xxxx.xx/xxxxxxx  uploading an excel spreadsheet in the required format to the website (a sample spreadsheet can be downloaded from the website)  Forwarding an excel spreadsheet in the required format electronically to xxxxxxx@xxxxxxx.xxx. Hard copies of data will not be accepted.

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