Examples of Designated Plans in a sentence
Executive is not required to execute this Agreement as a condition of continued employment; rather, Executive is entering into this Agreement to enjoy the substantial additional payments and benefits available under the Plan and the Designated Plans (as hereinafter defined).
Benefits under all Designated Plans are as represented in the governing instruments provided pursuant to (i) above, and have not been increased subsequent to the date as of which documents have been provided.
Savings Plan and the Xxxxx Xxxxxx Consulting Group Savings Plan (the "Designated Plans"), and at or prior to the Closing, the Company will provide evidence reasonably satisfactory to WORK that all such liabilities have been paid and discharged.
Special Note:Exam and testing limits are based on amount currently applied for plus amounts issued within the previous 12 months.Preferred Risk Underwriting - Available on Designated Plans OnlyPreferred risk contracts are designed and priced to produce better mortality results than can be expected from an average block of business.
The death benefit shall be the present value of the early or normal retirement benefit (reduced for benefits provided by Designated Plans) the Participant would have received in accordance with Section 8.01 hereof (Normal or Postpone Retirement), Section 8.02 hereof (Early Retirement -- Hired Before January 1, 1992), or Section 8.03 hereof (Early Retirement -- Hired After December 31, 1991), had the Participant received a single sum distribution on the day the Participant died.
A Participant who retires on or after the normal retirement date shall be paid a normal retirement benefit in the amount and form described in Article VII hereof (Retirement Benefits), based on the Participant's Credited Service accrued as of the normal retirement date and reduced (in the manner described in Article VII hereof (Retirement Benefits)) for amounts, if any, provided through Designated Plans.
The Designated Plans are governed by substantially the same terms as the 2011 Plan.
Preferred Risk Underwriting - Available on Designated Plans OnlyPreferred risk contracts are designed and priced to produce better mortality results than can be expected from an average block of business.
Prior to the Effective Time, City Bancorp shall amend the Designated Plans to eliminate any benefit, right, subsidy, payment or accrual that would otherwise result from the transactions contemplated by this Agreement or any other change in the control of City Bancorp.
Section 3.11 of the Disclosure Schedule lists all non-statutorily required Plans and Benefit Arrangements which cover or otherwise provide employee or executive compensation or benefits to the Employees (the "Designated Plans" and the "Designated Benefit Arrangements", as applicable).