Membership Transfer Date definition
Examples of Membership Transfer Date in a sentence
The Purchaser shall forthwith following the Membership Transfer Date write to each of the Key Executives who may become a Transferring Employee a letter (in terms approved by the Vendor) explaining the rights and options of the employee under the Pension Scheme and the benefits which will be provided for him if a transfer is made for him to the Purchaser's Scheme.
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 ▇▇▇▇▇▇ Fund to the ▇▇▇▇▇▇ 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 ▇▇▇▇▇▇ shall as soon as practicable (provided that the law so admits) enter into a deed of substitution to replace RoweCom by ▇▇▇▇▇▇ as principal employer of the Fund (upon which substitution being effected RoweCom shall cease to participate in the Fund).
WGL will ensure that the Second Buyer's Actuary is supplied within 2 months of the Membership Transfer Date with all information reasonably required to enable him or her to verify WGL's Actuary's calculations.
The Purchaser shall procure that each of the Key Executives on the Membership Transfer Date who was a Pensionable Employee immediately prior to that date is offered membership of the Purchaser's Scheme with effect as on and from the Membership Transfer Date.