GROUP I EMPLOYEE definition
GROUP I EMPLOYEE means a U.S. Visteon Employee who as of the Benefit Transition Date is eligible for immediate normal or regular early retirement under the provisions of the GRP as in effect on the Benefit Transition Date.
GROUP I EMPLOYEE means a U.S. Visteon Employee who as of the Benefit Transition Date is eligible for immediate normal or regular early retirement under the provisions of the GRP as in effect on the Benefit Transition Date. 1.13 "GROUP II EMPLOYEE" shall mean a U.S. Visteon Employee who (i) is not a Group I Employee; (ii) has as of the Benefit Transition Date a combination of age and credited service under the GRP that equals or exceeds sixty (60) points (partial months disregarded); and (iii) could have become eligible for normal or regular early retirement under the provisions of the GRP as in effect as of the Benefit Transition Date within the period after the Benefit Transition Date equal to the employee's credited service under the GRP as of the Benefit Transition Date. 1.14 "GROUP III EMPLOYEE" shall mean any U.S. Visteon Employee who participants in the GRP other than a Group I or II Employee. 1.15 "IRS" means the U.S. Internal Revenue Service. 1.16 "OSHA" shall mean the Occupational Safety and Health Act of 1970, as amended. 1.17 "PBGC" shall mean the Pension Benefit Guaranty Corporation. 1.18 "SFAS NO. 87" shall mean the Statement of Financial Accounting Standards No. 87. 1.19 "SFAS NO. 106" shall mean the Statement of Financial Accounting Standards No. 106. 1.20 "TRANSFER DATE" shall mean the date specified in the Master Transfer Agreement with respect to each entity or interest to be transferred pursuant thereto. 1.21 "VISTEON BALANCE SHEET" shall mean the balance sheet for Visteon Automotive Systems as of March 31, 2000, as prepared by Ford. 1.22 "VISTEON EMPLOYEES" shall mean (i) Active Ford Business Employees who are transferred to Visteon pursuant to the terms hereof and who are at work on the Transfer Date including those on paid time off (i.e., Jury Duty Pay, Bereavement Pay, Short Term Military Pay, Vacation Pay and Paid Holiday) and those on reduced or <PAGE> 5 alternate worK schedules; and
GROUP I EMPLOYEE means as such term is defined in Paragraph 3 below.