Examples of Membership Transfer Date in a sentence
TO JOIN SECTIONS OF PURCHASER'S PENSION SCHEME The Purchaser will invite each Relevant Employee who is a member of the Airways Pension Scheme immediately before the Membership Transfer Date to join the section of the Purchaser's Pension Scheme set up in accordance with paragraph 2.1.1 on the Membership Transfer Date.
The amount will be determined within three months of the Membership Transfer Date (or, if later, within two months of receipt by the Vendor's Actuary of the data required for the purposes of the calculation) and confirmed by the Purchaser's Actuary within six weeks of the amount being determined.
The value of each such benefit shall be calculated by the Sellers' Actuary and agreed by the Buyers' Actuary using the same assumptions (including the assumption that earnings shall increase) as are used for the calculation of the Funding Requirement and the value of each such benefit shall be Appropriately Adjusted in respect of the period from and including the Membership Transfer Date to but excluding the Payment Date.
If WGL's Actuary and the Second Buyer's Actuary cannot agree the Transfer Payment within 3 months of the Membership Transfer Date, either party may require the amount to be determined by an independent actuary, to be nominated by WGL and the Second Buyer jointly or, if they cannot agree, by the President of the Institute of <PAGE> 99 Actuaries on application by either party.
Within one month after the Membership Transfer Date the Purchaser and Seller shall provide to each other any documents and information which is reasonably required for the calculation and checking of the Transfer Amount by the C&W Actuary and the Purchaser's Actuary.