Examples of Original Participants in a sentence
This Agreement shall be effective when executed by the Original Participants and IID and shall continue in effect until such time as all duties and all obligations of the parties hereunder have been satisfied or discharged.
For purposes of the foregoing sentence, capacity shall be deemed to be preempted from an Original Participant in the following order of priority: first, capacity, if any, which is part of an Original Participant's increase in Capacity Nomination pursuant to Section 8.06, and second, capacity which is part of an Original Participant's Original Capacity Nomination.
Each Additional Participant shall execute and become a party to this Agreement and, except as specifically provided herein, shall have the rights and duties of a Participant under every provision of this Agreement other than those provisions which by their terms apply only to the Original Participants.
For purposes of the Plan, Participants are designated as either Original Participants (those who had similar life insurance policies at General Electric Company that are being converted for coverage under the Plan) or as New Participants (those who are not Original Participants).
Original Participants will be notified of any changes to the plans and how they affect employee benefits, if at all.
In addition, under Section 8.04 an amount equal to 15%T of $2.5M ($375,000) is collected from D by IID and, assuming A, B and C are all Original Participants, is split equally among them.
The Designated Representatives of the Original Participants shall be the CSUL Deans and Directors who are listed on Exhibit A to this MOU.
No amendment or waiver may be made to any term of this Agreement (including the Term Sheets and the Steps Plan) following the date of this Agreement (being the date on which the Original Participants have entered into this Agreement) but prior to the Effective Time (such amendment or waiver being a “Pre Effective Time Change”) unless that Pre Effective Time Change is made in accordance with Clause 27.3(b) (Pre Effective Time Changes).
Individuals who are not Original Participants but who are otherwise Eligible Participants shall be selected for participation in the Plan as determined by the Committee, and such individuals, as well as the Original Participants, shall be eligible for such other grants of Awards hereunder as shall be determined by the Committee.
Despite the above, an assignment or transfer of all or a proportion of the Commitment of a Participant which is an original party to this Agreement (an Original Participant) may only occur at any time if all or, as applicable, the same proportion of each other Original Participant's Commitment is assigned BRIDGING FACILITY AGREEMENT Xxxxxx Xxxxxxxx & Hedderwicks -------------------------------------------------------------------------------- or transferred at approximately the same time.