Examples of Arch Employee in a sentence
Any Arch Employee whose job is rated at 2,000 Hay Points (or the equivalent) or more and who is selected by the Board of Directors of the Company or the Compensation Committee of the Board (referred to in this Plan as the “Selection Committee”) shall participate in the Plan (a “Participant”).
As of the Distribution Date, the cash account and stock account held under the Olin Employee Deferral Plan of each Arch Employee (after giving effect to the adjustment described in Section 6(e) of the Olin Employee Deferral Plan) shall be transferred to this Plan.
Olin shall take all actions necessary or appropriate to provide that each individual who is expected to become an Arch Employee who has "Olin Performance Unit Plan" retention units shall have the payment of such units accelerated and paid out prior to the Distribution Date in Olin Common Stock.
Arch hereby agrees to assume, and shall indemnify and hold Olin harmless from and against, all claims brought against any member of the Xxxx Group under Olin's retiree medical benefit plans by any Arch Employee or Subsequent Arch Employee who retires after the Distribution Date.
If an Arch Employee is transferred to Olin or any of its Affiliates by the Arch Group on or prior to January 31, 2000, Olin shall be responsible for such individual's retiree medical benefits.
As soon as practicable after the Distribution Date (or in the case of a Subsequent Arch Employee, the date of transfer), Olin shall transfer to Arch an amount equal to the monies deducted from the compensation of such individuals during the calendar year in which the Distribution Date occurs reduced by the amount of benefits paid under such plan during such year.
In the event that an Arch Employee is re-employed by Olin prior to February 8, 2000, and again participates in the Olin Senior Plan, no separation from service shall be deemed to occur permitting a distribution of benefits under this, or any other, provision of this Plan.
For purposes of this Plan, an "Arch Employee" includes (i) any employee who is defined as an Arch Employee within the meaning of the Employee Benefits Allocation Agreement dated as of February 8, 1999 by and between Arch and Olin Corporation ("Olin"), as well as (ii) any salaried employee hired by Arch after the Effective Date of this Plan.
In the event that Olin or its affiliates at any time re-employs any Arch Employee, Olin shall assume the liability under this Plan associated with such re-employed individual and re-enroll such individual in the Olin Supplementary and Deferral Benefit Plan to the extent he or she is then eligible, provided that such employee releases Arch and this Plan from such liability.
Any Arch Employee whose job is rated at 2,000 Hay -------------- Points (or the equivalent) or more, and who is selected by the Board of Directors of the Company or the Compensation Committee of the Board (referred to in this Plan as the "Selection Committee" or "Compensation Committee"), shall participate in the Plan (a "Participant").