Permanent Closure definition
Examples of Permanent Closure in a sentence
As used in the preceding sentence, “the present value of the incremental pension benefits” shall be understood to mean the present value of the difference between (1) the total amount of pension payable to such Employee prior to age 62; and (2) the portion of such pension not attributable to the occurrence of the contingent event of Permanent Closure.
In the case of Paragraph 2(b)(3) above, an Employee accruing service under the U.S. Steel Pension Agreement as of the date of the Permanent Closure may refuse an offer made under Paragraph 3(a) above, unless it is for a job s/he is entitled to under Article Five, Section E (Seniority) in at least the same labor grade in the Employee’s Plant, and continue to receive any benefits to which s/he may be entitled.
This sample will be analyzed for the parameters specified in the UST Assessment Instructions for Permanent Closure and Change-In-Service guidance document, dated May 26, 2017.
If the Mill Owner receives notice of, or otherwise becomes aware of, a Permanent Closure of the Carbon Plant and if Ingevity then owns the Carbon Plant Real Property, the Mill Owner shall have the exclusive option and right, exercisable in the Mill Owner’s sole discretion (the “Mill Owner Option”), to purchase the buildings and fixtures comprising the Carbon Plant and the Carbon Plant Real Property (collectively, the “Mill Owner Option Assets”).
The Permanent Closure of the greater of (i) more than thirty (30) F45 Studios or (ii) five percent (5%) of the F45 Studios opened in the United States since the Closing Date within such F45 Studio’s first twelve (12) months of operation.