Membership Transfer Date definition

Membership Transfer Date means the first day of the first calendar month to commence after the date which is 6 months after the date of Completion (or such earlier date as the Purchaser may determine by giving to the Vendor not less than 7 days' notice in writing setting out such date (such date to fall on the first day of a calendar month unless otherwise agreed by the Vendor) or on such later date as the Vendor and the Purchaser may agree in writing) unless the Purchaser defaults on any obligation under paragraph 2 and does not remedy the same within the period of 14 days from but excluding the date upon which the Vendor serves notice on the Purchaser of such breach in which event the Membership Transfer Date shall be such earlier date which is the day next following the last day of that 14 day period. Notwithstanding the foregoing if for any reason the Company is unable to participate in the Pension Scheme in accordance with paragraph 2.1 until the date which would (apart from this exception) be the Membership Transfer Date then the "Membership Transfer Date" means the day next following the date upon which the Company ceases so to participate in the Pension Scheme;

Membership Transfer Date means the three month anniversary of the Closing Date or such other date as the parties may agree in writing.

Membership Transfer Date means 30th March, 2000, except that the Membership Transfer Date will be any earlier date (but not before 30th September, 1999) on which the payroll for the Employee Members ceases to be operated by the Remaining Group, or any earlier as may be agreed between the Seller and the Purchaser.

Examples of Membership Transfer Date in a sentence

• Case In determining that the employer owned the invention and the resulting patent, Macdonald, J.

• If for any reason the New Employer is not duly admitted to participation in the Rexam Scheme then in respect of the Continuing U.K. Employees transferred to it the day next following the date of such transfer shall be the Membership Transfer Date in relation to those Continuing U.K. Employees and this Schedule 5.5(g) shall take effect accordingly.

• 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.

• If for any reason it proves impossible to make a transfer payment from the Xxxxxx Fund to the Xxxxxx Scheme within one year of the Membership Transfer Date, paragraphs 5, 6, 7, 8 and 10 of this schedule shall cease to apply and instead RoweCom and Xxxxxx shall as soon as practicable (provided that the law so admits) enter into a deed of substitution to replace RoweCom by Xxxxxx as principal employer of the Fund (upon which substitution being effected RoweCom shall cease to participate in the Fund).

• RoweCom's Actuary shall, as soon as practicable after the Membership Transfer Date, calculate whether or not the Xxxxxx Fund is in Shortfall as at the Membership Transfer Date.

More Definitions of Membership Transfer Date

Membership Transfer Date mean 6 April 2000 or such other date as is agreed in writing between RoweCom and Xxxxxx;

Membership Transfer Date is the earlier of:

Membership Transfer Date means the day falling twelve months after the Completion Date or such other date as is agreed in writing between the Seller and the Buyer (subject to Approval of the Disclosed Scheme not being prejudiced);

Membership Transfer Date means the date [******************].

Membership Transfer Date means the date which is six months after the Completion Date or another earlier date agreed in writing by PowerGen and the Buyer or if earlier, such date as the Inland Revenue may require for the cessation of the participation of the Buyer in PowerGen's Scheme;

Membership Transfer Date means 1st January 1997 or an earlier date which the Purchaser may nominate by not less than 1 month's advance written notice to the Seller or, if the Purchaser notifies the Seller before 1st December 1996 that the Purchaser's Scheme will be contracted-out, 1st April 1997 or an earlier date which the Purchaser may nominate by not less than 1 month's advance written notice to the Seller. "Option Form" means a form to be completed by Members and delivered to the Seller's Scheme not later than 6 weeks after the date of issue, being in all material respects 105

Membership Transfer Date means the date six months after Completion, or another date agreed in writing by the Seller and the Purchaser, and acceptable to the Pension Schemes Office of the Inland Revenue.