Examples of Deferred Plans in a sentence
Prior to the Effective Time, the Company may continue to match deferrals of compensation with Shares as provided pursuant to the Deferred Plans.
Subject to Section 5.6, after the Effective Time, the Surviving Corporation may discontinue contributions or otherwise amend the Deferred Plans; provided that the Surviving Corporation shall continue to maintain in full force and effect, or otherwise preserve the tax benefits provided by, such Deferred Plans.
Each Participant who was a participant in a Prior Deferred Plan shall have an allocation made to the Participant's Stock Equivalent Account of a number of stock equivalents of KeySpan stock determined as if such Participant were a shareholder of either the Long Island Lighting Company or KeySpan Energy Corporation, as the case may be, on May 28, 1998 with respect to the number of stock equivalents credited in such Prior Deferred Plans.
All the outstanding shares of Company Common Stock are, and all shares of Company Common Stock which may be issued pursuant to the exercise of outstanding Options, with respect to Share Units or pursuant to the Deferred Plans will be, when issued in accordance with the terms of the Options, the Share Units or the Deferred Plans, duly authorized, validly issued, fully paid and non-assessable and free of preemptive rights.
The Liabilities transferred in accordance with this Section 5(e) shall cease to be Liabilities of the Deferred Plans and the Parent Group (excluding the SpinCo Group) as of the Split Date.
Deferred Retirement Income Plan and each participant in the Company's Retirement Savings 401(k) Plan (the "Deferred Plans") shall become vested in his or her entire account balances under each Plan including, without limitation, any portion of such account balance maintained in Shares or Shares Units as provided under such Deferred Plans.
The Liabilities transferred in accordance with this Section 5(b) shall cease to be Liabilities of the BW RSP (and the BW RSP Assets transferred in accordance with this Section 5(b), if any, shall cease to be Assets of the BW RSP), the Deferred Plans and the Parent Group (excluding the SpinCo Group) as of January 1, 2024.
Eligible participants include certain officers and other highly compensated employees designated by the Deferred Plan's administrative committee.
The amount and payment of benefits under the Executive Deferred Plans and the Xxxxxxxxx-Xxxx Company Supplemental Employee Savings Plan (“ESP”) shall be determined in accordance with the provisions set forth in the applicable plan document.
Deferred Retirement Income Plan and each participant in the Company's Retirement Savings 401(k) Plan (the "Deferred Plans") shall become vested in his or her entire account balances under each Deferred Plan including, without limitation, any portion of such account balance maintained in Shares or Shares Units as provided under such Deferred Plans.