Exempt Approved Scheme definition
Exempt Approved Scheme has the same meaning as in section 592 of ICTA 1988 and "EXEMPT APPROVED" and "EXEMPT APPROVAL" shall be construed accordingly;
Exempt Approved Scheme has the same meaning as in section 592 of the Income and Corporation Taxes Act 1988 and "Exempt Approved" and "Exempt Approval" are construed accordingly.
Exempt Approved Scheme has the same meaning as in section 592, Income and Corporation Taxes Act 1988 and "Exempt Approved" shall be construed accordingly. "Initial Payment" means the sum of £700,000 to be paid by the Company or the Purchaser as provided in paragraph 5. "Interest" means, in respect of any period and any principal sum, an amount of interest (accruing daily and compounded monthly) at a rate equal to one percentage point above the base rate from time to time of Barclays Bank plc. "Interim Period" means the period from and including the date of Completion up to but excluding the Joining Date. "Joining Date" means 1st January 2003 or such other date as the parties may agree in writing. "Member" means, at any time or during any period specified in this Schedule, a contributing member of the Vendor's Pension Scheme. "Option Form" means a document substantially in the form set out in Appendix A to this Schedule, or in such other form as the Vendor and the Purchaser shall agree between them (such agreement not to be unreasonably withheld by either party) but which shall in any event include a discharge in favour of the trustee of the Vendor's Pension Scheme by Members who elect to transfer. "Purchaser's Actuary" means ▇▇▇▇ ▇▇▇▇▇ of Aon Ltd, 11th Floor, Auchinleck House, ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇ or such other Actuary as the Purchaser may notify to the Vendor. "Purchaser's Associates" means any holding company of the Purchaser and any subsidiary of or company controlled by the Purchaser or its holding company. "Purchaser's Scheme" means the retirement benefits scheme or schemes referred to in paragraph 3 and, where the context requires, includes the trustees thereof. "Rules" means the trust deeds and rules and other documents governing the Vendor's Pension Scheme as set out in the list included or referred to in the Disclosure Letter. "Section 9 (2B) Rights" has the same meaning as in the Occupational Pension Schemes (Contracting-out) Regulations 1996.
Examples of Exempt Approved Scheme in a sentence
The Vendor will use its best endeavours to procure that the Company may continue to participate in the Vendor's Pension Scheme during the Interim Period in respect of those Employees who are Members at Completion, subject to the treatment of the Vendor's Pension Scheme as an Exempt Approved Scheme not being prejudiced (which the Vendor will use its best endeavours to procure) and to the Purchaser and the Company complying with the terms of this Schedule and the Rules.
More Definitions of Exempt Approved Scheme
Exempt Approved Scheme shall have the meaning as set forth in ▇▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ and "Exempt Approved" shall be construed accordingly.
Exempt Approved Scheme shall have the meaning given to it by Section 592(1) of the Income and Corporation Taxes ▇▇▇ ▇▇▇▇.
Exempt Approved Scheme has the same meaning as in Chapter I Part XIV Income and Corporation Taxes Act 1988 and “exempt approved” shall be construed accordingly.
Exempt Approved Scheme has the same meaning as in section 592 of the Income and Corporation Taxes Act 1988 and "EXEMPT APPROVED" is construed accordingly.
Exempt Approved Scheme has the same meaning as in Chapter I Part XIV Income and Corporation Taxes Act 1988 and "EXEMPT APPROVED" shall be construed accordingly;