Examples of Interchange Company in a sentence
The same transfer of service credit provisions contained in interchange agreements presently in existence under the Pension Plan, or as they may be amended from time to time, by and between the Company, on behalf of all Participating Companies, and any Interchange Company shall apply to the transfer of service credit for purposes of this Plan.
A Participant's Vesting Years shall include any period of service with an Interchange Company to the extent provided in an Interchange Company Agreement.
This Plan is also subject to certain Interchange Agreements governing the portability of credits for Service and the transfer of benefits on behalf of Employees who during their careers work both for an Employer and for an Interchange Company.
Notwithstanding the foregoing, the account balance of a Participant who transfers to an Interchange Company or changes employment pursuant to the Mandatory Portability Agreement within 30 days of his termination of employment from the Company shall not be forfeited as a result of such transfer or change.
However, if a Participant transfers to an Interchange Company on a Rotational Assignment, he may only elect to receive a distribution or defer receipt of his benefits.
Effective as of any date on or after the Participation Commencement Date, any other Lucent Entity that becomes a Participating Company in the AT&T Pension Plans pursuant to Section 2.2 may, at its request and with the consent of AT&T (which shall not be unreasonably withheld), become an Interchange Company.
The term " Interchange Company" shall have the same meaning as is attributed to such term under the Pension Plan.
If an Employee transfers to or from an Interchange Company and the applicable Interchange Agreement so provides, Vesting Eligibility Years shall include years of vesting service recognized under the Plan of the Interchange Company.
Effective as of the Participation Commencement Date, AT&T shall designate Lucent as, and Lucent shall become, an Interchange Company under the MPA, with all the applicable rights and obligations of such an Interchange Company.
Upon the transfer of the Participant's accrued benefit to the plan of the Interchange Company, he shall not be entitled to any further benefits under this Plan.