Salaried Members definition

Salaried Members means, collectively, all salaried/non-USW Employees and retirees of the Wabush CCAA Parties or any person claiming an interest under or on behalf of such former employees or pensioners and surviving spouses, or group or class of them (excluding any individual who opted out of representation by the Salaried Members Representatives and Salaried Representative Counsel in accordance with the Representative Court Order, if any);
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Examples of Salaried Members in a sentence

  • Pursuant to the OPEB/Other Employee Claims Settlements, the Salaried Members Representatives, on behalf of themselves and the Salaried Members, and the USW, on behalf of itself and the USW Members, have each acknowledged and agreed that for the purposes of the Plan, no Salaried Member or USW Member, respectively, has an Employee Priority Claim, subject only to the Pay Equity Priority Claim.

  • We filed claims on behalf of the Salaried Members for your OPEB losses against Wabush Mines in the CCAA proceedings.

  • Pursuant to the settlement reached in the Amended CCAA Plan, OPEB and other claims for the Salaried Members will be allowed by the Monitor in the total claim amount of $26,090,100.

  • For greater clarity, these DC Provisions shall not apply to Former Nabisco Salaried Members, Former Cadbury Former Adams Members and Former Cadbury Designated Members.

  • We also objected to the concept that the individual voting of the Salaried Members would be required to vote at a creditors’ meeting, rather than voting as a group through their Representative Counsel.

  • Meland of FFMP, argued that Representative Counsel should vote the claims of the employees and retirees to ensure that the votes of all of the Salaried Members would be counted and that our group would have greater ability to negotiate an improved Plan of Compromise.

  • IV.2 Importance of the questions to the present action 2015 QCCA 1351 (CanLII)[41] The decision not to apply the PBSA deemed trust in CCAA proceedings has meaningful negative consequences for both the Salaried Members and the Union.

  • Specifically they state that the deemed trust priority should continue to apply for the benefit of Salaried Members over the assets of the company in future priority distributions (after the DIP and CCAA-ordered priorities).

  • For this second argument, the Salaried Members target the following paragraphs of the CCAA Judge’s reasons as they pertain to the effectiveness of the PBSA deemed trust in CCAA proceedings: [78] For all of these reasons, the Court concludes that Parliament’s intent is that federal pension claims are protected in insolvency and restructurings only to the limited extent set out in the BIA and the CCAA, notwithstanding the potentially broader language in the PBSA.

  • It is not enough to say, without more, that the amount is a small one in the grand scheme of things, as do the Salaried Members, or that another interim lender could be found without difficulty as the action proceeds.

Related to Salaried Members

  • Board Members means the Directors or Trustees of the governing body of the Fund, as the case may be.

  • Retirement board or "board" means the retirement system's governing board provided for in 2-15-1010.

  • Deferred member means a person who elected to receive deferred vested retirement

  • Retired member means any former member receiving a retirement allowance or any former member who has filed the necessary documents for retirement benefits and is no longer contributing to the retirement system;

  • Members means the persons who are duly registered as the holders from time to time of shares in the register including persons who are jointly so registered.

  • Qualified Member means a member of the Committee who is a “Non-Employee Director” within the meaning of Rule 16b-3(b)(3) and an “outside director” within the meaning of Regulation 1.162-27 under Code Section 162(m).

  • former Board means the Board of Reference constituted under Part IV of the former provisions;

  • county executive committee member means the county executive committee member responsible for matters relating to land;

  • Disinterested Board Members means those members of the Board of a Fund that are not deemed to be "interested persons" of the Fund, as defined by the Act.

  • Retirement Committee means a committee consisting of the Company’s Vice President of Human Resources, the Director of HR Operations and the Compensation & Benefits Manager.

  • Advisory Board Member means a member of an “Advisory Board” as defined in Section 2(a)(1) of the 1940 Act.

  • Active military member means any person with full-time duty status in the armed forces of the United States, including members of the National Guard and Reserve.

  • Non-Employee Directors means that term as defined in Rule 16b-3 under the 1934 Act.

  • Member board means a state agency in a member state that acts in the sovereign interests of the state by protecting the public through licensure, regulation, and education of physicians as directed by the state government.

  • Class A Members means those Members who have purchased Class A Interests.

  • Medical Executive Committee or “MEC” means the Executive Committee of the Medical Staff.

  • Independent Board Member means a trustee of the Fund who is neither an “interested person” of the Fund as defined in Section 2(a)(19) of the Investment Company Act of 1940, as amended, nor a party to the Proceeding with respect to which indemnification or advances are sought.

  • Independent Fund Director means an independent director of an investment company advised by Invesco.

  • Team Members means the members of the Team, jointly and severally;

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.

  • Continuing Directors means, as of any date of determination, any member of the Board of Directors of the Company who (i) was a member of such Board of Directors on the date of this Indenture or (ii) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing Directors who were members of such Board at the time of such nomination or election.

  • New Directors means any director whose election by the Board or whose nomination for election by the Company's stockholders was approved by a vote of at least two-thirds of the directors then still in office who were Present Directors or New Directors.

  • Continuity Directors means (A) those members of the Board who were directors on the date hereof and (B) those members of the Board (other than a director whose initial assumption of office was in connection with an actual or threatened election contest, including but not limited to a consent solicitation, relating to the election of directors of Ceridian) who were elected or appointed by, or on the nomination or recommendation of, at least a two-thirds (2/3) majority of the then-existing directors who either were directors on the date hereof or were previously so elected or appointed; or

  • Parent Directors means the Directors elected or appointed pursuant to Articles 53 – 56 inclusive;

  • Company Director means a member of the Board.

  • Class B Members means the Members holding Class B Units.