Examples of Second Transfer Date in a sentence
GM shall not be obligated to reimburse Delphi for any contributions arising for any period of credited service earned after the Second Transfer Date by any current or former Delphi employee.
Such Harrah’s ESSP Participant’s Transferred Harrah’s ESSP Deferral Contribution Account shall be distributed in the form of distribution elected by such Harrah’s ESSP Participant for the distribution of his or her “Accounts” (as defined in the Harrah’s ESSP), in accordance with the Harrah’s ESSP, as in effect as of the Harrah’s ESSP Second Transfer Date.
Such reimbursement shall be made by GM after the Second Transfer Date and within thirty (30) days after receipt by GM of the agreed-upon calculation from Xxxxxx Xxxxx of the aforesaid amounts required to be and actually contributed by Delphi to the Delphi HRP.
For active Delphi PRP participants included in the Delphi HRP transfer on the First Transfer Date or Second Transfer Date, GM shall assume the responsibility for providing future service for this population under the GM HRP subject to Delphi providing GM with compensation equal to the value of this additional obligation (“Incremental PRP Obligation”) through a direct cash payment on the applicable Transfer Date and in accordance with the applicable Labor MOU.
The amounts transferred pursuant to this Section 4.8 shall be debited from such Participant’s Accounts under the Plan, and shall be credited to such Participant’s “Transferred Harrah’s ESSP Accounts” (as defined in the Harrah’s ESSP II), effective as of the First Transfer Date or the Second Transfer Date, as applicable.
Effective as of the Harrah’s ESSP Second Transfer Date, in the case of a Harrah’s ESSP Participant, the amount credited to such Harrah’s ESSP Participant’s “Deferral Contribution Account” (as defined in the Harrah’s ESSP) that is described in subsection (c) shall be transferred from such “Deferral Contribution Account” to such Harrah’s ESSP Participant’s Transferred Harrah’s ESSP Deferral Contribution Account, as provided in subsection (c).
The amounts transferred pursuant to this Section 4.8 shall be debited from such Harrah’s ESSP Participant’s “Accounts” under the Harrah’s ESSP, and shall be credited to such Harrah’s ESSP Participant’s Transferred Harrah’s ESSP Accounts, effective as of Harrah’s ESSP First Transfer Date, or the Harrah’s ESSP Second Transfer Date, as applicable.
In the event that the Internal Revenue Service (“IRS”) determines subsequent to the Second Transfer Date that Delphi is required to make an additional contribution to the Delphi HRP in respect of transferred benefit liabilities in the Second Net Liability Transfer, then GM shall reimburse Delphi the amount of such contribution and Delphi shall cause a transfer of such amount from the Delphi HRP to the GM HRP as an additional part of the Second Net Liability Transfer.
The auditors of the Company shall submit to the Lead Manager a further confirmation to the same effect on the day prior to the Second Transfer Date.
In the event that the Internal Revenue Service ("IRS") determines subsequent to the Second Transfer Date that Delphi is required to make an additional contribution to the Delphi HRP in respect of transferred benefit liabilities in the Second Net Liability Transfer, then GM shall reimburse Delphi the amount of such contribution and Delphi shall cause a transfer of such amount from the Delphi HRP to the GM HRP as an additional part of the Second Net Liability Transfer.