Benefit Protection Period definition

Benefit Protection Period. Section 5.8(a)
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Benefit Protection Period has the meaning set forth in Section 5.10(a).
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Benefit Protection Period means the period commencing on the Benefit Protection Period Commencement Date and terminating two years after the date of a Change in Control.
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Examples of Benefit Protection Period in a sentence

  • Any amendment, suspension or termination of the Plan which is so approved prior to a Change in Control at the request of a third party who effectuates a Change in Control shall be deemed to be an amendment, suspension or termination approved during the Benefit Protection Period.

  • In calculating a Participant’s Plan Benefit under Section 3, it shall be assumed that the Retirement Plan formulae and actuarial assumptions in effect on the Benefit Protection Period Commencement Date had continued in effect through the date the Participant incurs a Separation from Service.

  • Notwithstanding any other provisions of the RRP to the contrary, the provisions of this Section 7 shall apply during the Benefit Protection Period.

  • Any amendment, revision, suspension or discontinuation of the Plan which is approved by the Board prior to a Change in Control at the request of a third party who effectuates a Change in Control shall be deemed to be an amendment, revision, suspension or discontinuation of the Plan so approved during the Benefit Protection Period.

  • After the expiration of the Benefit Protection Period, Valero shall provide, or cause to be provided, to UDS Employees compensation and employee benefit plans and programs that are, in the aggregate, not less favorable than those generally provided to other similarly situated employees of Valero and its Subsidiaries.

  • After the expiration of the Benefit Protection Period, Valero shall provide, or cause to be provided, to Premcor Employees compensation and employee benefit plans and programs that are, in the aggregate, not less favorable than those generally provided to other similarly situated employees of Valero and its Subsidiaries.

  • During the Benefit Protection Period, neither the Corporation nor a Subsidiary may take any action which would render ineligible for post-retirement health care or life insurance coverage an individual who as of the date of a Change in Control had satisfied the eligibility requirements for such coverage (as determined under the terms of the applicable plan).

  • Any amendment, suspension or termination of the Program which is approved by the Board prior to a Change in Control at the request of a third party who effectuates a Change in Control shall be deemed to be an amendment, suspension or termination which is approved during the Benefit Protection Period.

  • Any Severance payable to an Eligible Employee hereunder shall be paid over the Benefit Protection Period in accordance with the Company’s normal payroll practices and procedures, unless otherwise required by law.

  • Parent agrees that during the Benefit Protection Period, it will not make, and will not permit to be made, any amendment to a Plan or take any other action, that adversely affects a Company Employee, unless such amendment is required by Applicable Law or permitted by this Section 7.1. An amendment includes the termination of a benefit or a Plan.


More Definitions of Benefit Protection Period

Benefit Protection Period means the period commencing on the date six months prior to the public announcement of a proposed transaction which, when effected, is a Change in Control and ending on the date which is two years after the date of a Change in Control.
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Benefit Protection Period means the period commencing on the date six months prior to the public announcement of a proposed transaction which, when effected, is a Change in Control and ending on the earlier of the date which is two years after the date of a Change in Control or the date on which the Corporation makes a public announcement that it has abandoned plans to effect the transaction that would have constituted a Change in Control.
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Benefit Protection Period. Section 5.8(a) “Book-Entry Shares” Section 2.2(b) “Certificate” Section 2.1(a) “CFIUS” Section 3.5 “Change of Company Board Recommendation” Section 5.4(d) “Closing” Section 1.2 “Closing Date” Section 1.2 “Company” Preamble “Company $25 Par Value Preferred Stock” Section 3.2(a) “Company $100 Par Value Preferred Stock” Section 3.2(a) “Company Articles” Section 3.1(b)
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Benefit Protection Period means the period commencing on the Benefit Protection Period
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Related to Benefit Protection Period

  • Medical leave means leave from work taken by a covered individual that is made neces-

  • CIC Protection Period means the two-year period beginning on the date of a Change in Control and ending on the day before the second annual anniversary of the date of the Change in Control.

  • housing benefit means housing benefit under Part 7 of the SSCBA;

  • Change in Control Protection Period means the period commencing on the date a Change in Control occurs and ending on the first anniversary of such date.

  • Annual Leave and Clause 6.3 “Personal (Sick) Leave” of this Agreement.

  • Employment Practices Wrongful Act means any actual or alleged:

  • Housing Act means the United States Housing Act of 1937, as amended, or its successor.

  • Paycheck Protection Program means loan program created by Section 1102 of the CARES Act.

  • Family and Medical Leave means a leave of absence for the birth, adoption or foster care of a child, or for the care of your child, spouse or parent or for your own serious health condition as those terms are defined by the Federal Family and Medical Leave Act of 1993 (FMLA) and any amendments, or by applicable state law.

  • the Contributions and Benefits Act means the Social Security Contributions and Benefits Act 1992;

  • Pension Benefits Act means The Pension Benefits Act of Ontario and regulations thereunder as amended from time to time.

  • Plant Protection Gas means the minimum volumes required to prevent physical harm to the plant facilities or danger to plant personnel when such protection cannot be afforded through the use of an alternate fuel. This includes the protection of such material in process as would otherwise be destroyed, but shall not include deliveries required to maintain plant production. A determination will be made by the Seller of minimum volumes required. Such essential volumes will be dispatched accordingly.

  • Credit unemployment insurance means insurance:

  • FMLA Leave means a leave of absence, which the Company is required to extend to an Employee under the provisions of the FMLA.

  • maternity leave means a period during which a woman is absent from work because she is pregnant or has given birth to a child, and at the end of which she has a right to return to work either under the terms of her contract of employment or under Part 8 of the Employment Rights Act 1996;

  • Civil Relief Act The Soldiers' and Sailors' Civil Relief Act of 1940, as amended.

  • Basic Conditions of Employment Act means the Basic Conditions of Employment Act, 1997 (Act No. 75 of 1997);

  • Family leave means a leave of absence from employment for one (1) of the following reasons: (1) The serious illness of an eligible employee; or (2) the serious illness of a member of an eligible employee’s immediate family. Family Leave, by itself or in combination with statutory Parental Leave (as opposed to contractual parental leave), may not exceed twelve (12) weeks in a twelve (12) month period beginning with the first day either type of leave is used. Leave taken under this Agreement will be credited against any such statutory entitlement to the full extent permitted by law.

  • Pregnancy Leave means leave taken for purposes related to giving birth and/or recovering therefrom.

  • parental bereavement leave means leave under section 80EA of the Employment Rights Act 1996;

  • relevant minimum wage means the minimum wage and includes any incremental adjustment prescribed in this award for the class of work for which an employee is engaged

  • Americans with Disabilities Act (“ADA”) means section 504 of the Rehabilitation Act of 1973 and the Americans with Disabilities Act of 1990 as amended by the ADA Amendments Act of 2008.

  • Equal Employment Opportunity For any federally assisted construction contract, as defined in 41 CFR 60-1.3, the contractor, subcontractor, subrecipient shall follow all of the requirements of the Equal Opportunity Clause as stated in 41 CFR 60-1.4.

  • Employment Practices means any wrongful or unfair dismissal, denial of natural justice, defamation, misleading representation or advertising, unfair contracts, harassment or discrimination (sexual or otherwise) in respect of employment by the Insured.

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Minimum wage means wages as defined under the Minimum Wages Act-1948 and amended from time to time.