Waiver of Contributions Sample Clauses

Waiver of Contributions. Employee contributions to this Plan shall be waived with respect to disabled employees during the time such an employee is in receipt of disability benefit payments from this Plan.
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Waiver of Contributions. Team member contributions to this plan shall be waived with respect to disabled team members during the time such a team member is in receipt of disability benefit payments from this plan.
Waiver of Contributions. 4.1 If Executive (while an Employee of the Company) becomes totally disabled after age 55 but before age 65 and, therefore, ceases to be an Employee of the Company, then Executive will be deemed to have Retired at such time and the payment of his Retirement Benefit shall commence in accordance with Section 2.1 above based upon Executive's age at such time; provided, however, that notwithstanding anything to the contrary contained herein, if Executive (while an Employee of the Company) shall not then have attained 55 years of age when he becomes totally disabled, then Executive will be deemed to be an Employee of the Company for purposes of this Agreement (and the attached Split Dollar Agreement) only until Executive attains age 55, at which time Executive (if then living) will be deemed to have Retired. If (as described above) the totally disabled Executive is deemed to have Retired at age 55, then in such circumstances, the Executive's Base Salary for the Plan Year within which such Retirement is deemed to have occurred shall be deemed to be the Executive's Base Salary for the Plan Year within which the Executive's total disability occurred. For purposes of this Agreement, "total disability" is defined to mean when, on the basis of medical evidence, it is determined that Executive (i) is disabled to such an extent that he is prevented from any employment with the Company, including a disability resulting from an occupational cause, and (ii) will be disabled permanently.
Waiver of Contributions. In the event of the employee's death, the medical, prescription drug, vision and dental coverages shall continue for the employee's eligible dependents without any further contributions until the eligible dependents are covered by another group medical plan, but in no event beyond 12 months after the date of the employee's death.
Waiver of Contributions. Seller hereby waives (and shall procure the waiver by each other member of the Retained Group of) any rights and remedies which it has or may have against any of the Acquired Companies for contributions or with respect to claims arising out of any information, opinion or advice supplied or given in connection with this Agreement, other than in the case of substantiated fraud, and further agrees to hold Buyer and Buyer’s Affiliates (including the Acquired Companies after the Closing Date) harmless from any claims by any of their respective present or former directors, officers, employees, representatives or advisors to the extent that any such claim arises as a result of a claim by Seller or any other member of the Retained Group against any such Person.

Related to Waiver of Contributions

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

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