Examples of Group II Employees in a sentence
The Visteon Mirror GRP shall be responsible for providing retirement benefits for Group I and Group II Employees for service on or after the Benefit Transition Date and, subject to receipt of the asset transfer described below, for Group III Employees for service recognized under the GRP prior to the Benefit Transition Date and for service with Visteon after the Benefit Transition Date.
For purposes of the 2001 Visteon Separation Programs, as defined <PAGE> 13 below, it is acknowledged and agreed that the present value as of July 1, 2001 for the effect of the 2001 Visteon Separation Program (phase 1) on the PBO related to the Group I and Group II Employees is $28,865,296.00 and as of September 1, 2001 (phase II) the effect is $1,947,437.00, which also includes the effect on the PBO related to the BEP and SERP as provided in Section 3.02(c)(ii), as amended.
The GRP shall retain liability for retirement benefits of Group I and Group II Employees, but only for service through the Benefit Transition Date.
Group II Employees are required to purchase only basic working gear and/or basic uniform items.
Ford shall retain the liability for benefits for Group I or Group II Employees who have attained the minimum Leadership Level required for such benefits as of the Benefit Transition Date, but only for service through the Benefit Transition Date.
The Group I and Group II Employees' ESAP benefits shall be computed as follows: Ford ESAP: FS x TB / TS where FS is service with Ford and Visteon, up to the Benefit Transition Date VS is service with Visteon after the Benefit Transition Date TS is the sum of FS and VS TB is the total ESAP benefit payable in respect of total Ford and Visteon service based on the Group I or Group II Employee's Leadership Level on the day prior to the Benefit Transition Date.
Visteon agrees that it will make a series of cash payments to the VEBA with the intent that by December 31, 2049 the assets in the VEBA will equal Visteon's balance sheet liability at the same date for OPEB benefits in respect of Group I and Group II Employees.
Visteon shall pay the cost of providing post-retirement health and life benefits for Group I and Group II Employees under the Ford Health and Group Life and Disability Insurance Plan (the "Plans") ("OPEB") beginning as of the Benefit Transition Date as provided below.
Group II Employees: Group II Employees are those employees engaged in Snow Removal and Ice Control Operations.
Group II Employees may be assigned to Maintenance, ENG Field Operations, news Technical Directors, or CMX editing in the off-line production edit suite.