Spectra Energy Group definition

Spectra Energy Group shall have the meaning set forth in the Separation Agreement.
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Spectra Energy Group means Spectra Energy and each Person identified on Schedule 1.1(129), and each Person that is or becomes a Subsidiary of Spectra Energy at or after the Effective Time.
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Examples of Spectra Energy Group in a sentence

  • Duke Energy and Spectra Energy acknowledge and agree that the transactions contemplated by the Separation Agreement will not constitute a termination of employment of any Spectra Energy Participant for purposes of any policy, plan, program or agreement of Duke Energy or Spectra Energy or any member of the Duke Energy Group or Spectra Energy Group that provides for the payment of severance, separation pay, salary continuation or similar benefits in the event of a termination of employment.

  • For purposes of clarification, the Liabilities assumed or retained by the Spectra Energy Group as provided for in this Section 2.1(b) are intended to be Gas Liabilities as such term is defined in the Separation Agreement.

  • Notwithstanding anything herein to the contrary, the Duke Energy Retirement Plan will retain all Liabilities (if any) earned under the Duke Energy Retirement Plan in respect of any individual who becomes employed by any member of the Spectra Energy Group following the Distribution Date and whose employment with the Duke Energy Group terminated on or before the Distribution Date with no vested benefit under the Duke Energy Retirement Plan.

  • The arbitrator shall have no power to establish or modify job classifications, to establish wage rates, or to change any existing wage rate, work schedule, or assignment, except for grievances arising out of Article 17, B, Rates For New Jobs.

  • Nothing in this Section 4.02(a) shall require Duke Energy to file an amended Tax Return or claim for refund of United States federal Income Taxes; provided, however, that Duke Energy shall use its reasonable efforts to use any carryback of a Tax Asset of the Spectra Energy Group that is carried back under this Section 4.02(a).

  • Not later than five (5) Business Days prior to each Estimated Tax Installment Date with respect to a taxable period for which a Consolidated Return or a Combined Return will be filed, Spectra Energy shall pay to Duke Energy on behalf of the Spectra Energy Group an amount equal to the amount of any estimated Spectra Energy Separate Tax Liability for any Post-Distribution Period that Spectra Energy otherwise would have been required to pay to a Taxing Authority on such Estimated Tax Installment Date.

  • Efforts are made to avoid double counting and data gaps, but it could still occur to a limited extent.

  • Duke Energy or any member of the Duke Energy Group shall not settle any Insured Claim of Spectra Energy or any member of Spectra Energy Group under the Third Party Shared Policies without first obtaining the approval of Spectra Energy or such member of Spectra Energy Group.

  • None of Spectra Energy, any other member of the Spectra Energy Group, any Spectra Energy Employee or any Third-Party shall have any right or claim to require the consummation of the Separation or the Distribution, each of which shall be effected at the sole discretion of the Board of Directors of Duke Energy.

  • Under this Schedule, such services include Duke Energy funding payments to third parties related to charges incurred on T&E cards or PCards held by employees of Spectra Energy or other members of the Spectra Energy Group, and other charges related to the Gas Business which historically were paid by Duke Energy (or another member of the Duke Energy Group) and charged back to a member of the Spectra Energy Group through intercompany accounts.

Related to Spectra Energy Group

  • SpinCo shall have the meaning set forth in the Preamble.

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • Participating Company Group means, at any point in time, all corporations collectively which are then Participating Companies.

  • ITT has the meaning given to it in the recitals to this Framework Agreement;

  • RemainCo shall have the meaning set forth in the Preamble.

  • Wireline means a cable containing one or more electrical conductors which is used to lower and raise logging tools in the well-bore.

  • SpinCo Group means (a) prior to the Effective Time, SpinCo and each Person that will be a Subsidiary of SpinCo as of immediately after the Effective Time, including the Transferred Entities, even if, prior to the Effective Time, such Person is not a Subsidiary of SpinCo; and (b) on and after the Effective Time, SpinCo and each Person that is a Subsidiary of SpinCo.

  • Plan Sponsor means an employer, trustee, trade union or association or a combination of them that establishes a capital accumulation plan, and includes a plan service provider to the extent that the plan sponsor has delegated its responsibilities to the plan service provider; and

  • New Mexico Employee means any resident of the State of New Mexico employed by Contractor who performs the majority of the employee’s work for Contractor within the State of New Mexico, regardless of the location of Contractor’s office or offices; and

  • Participating Employer means any trade or business (whether or not incorporated) which adopts this Plan with the consent of the Company identified in the Adoption Agreement.

  • Service Group means any one or more (as the context may require) of the service groups described in this Schedule;

  • Excess Energy has the meaning set forth in Section 4.5(a)(i). [For As-Available Product only]

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Large employer means, in connection with a group health plan or health insurance coverage with

  • SpinCo Employee has the meaning set forth in the Employee Matters Agreement.

  • Related Employer means the Employer and (a) any corporation that is a member of a controlled group of corporations as defined in Code Section 414(b) that includes the Employer and (b) any trade or business that is under common control as defined in Code Section 414(c) that includes the Employer.

  • DCP means disclosure controls and procedures;

  • Separation Plan means the Company’s Separation Plan Amended and Restated Effective August 13, 2006, as may be amended from time to time or any successor plan, program, arrangement or agreement thereto.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • boycott energy companies means, without an ordinary business purpose, refusing to deal with, terminating business activities with, or otherwise taking any action that is intended to penalize, inflict economic harm on, or limit commercial relations with a company because the company:

  • Health benefits plan means a benefits plan which pays or

  • SpinCo Entities means the entities, the equity, partnership, membership, limited liability, joint venture or similar interests of which are set forth on Schedule IV under the caption “Joint Ventures and Minority Investments.”

  • EDS means Electronic Data Systems Corporation, a Delaware corporation, all its direct and indirect subsidiaries, all its affiliated entities, and all its successors and assigns, and the employees, agents, attorneys, officers and directors of each of them.

  • Exelon means Exelon Corporation, a Pennsylvania corporation, or any Eligible Successor thereof.

  • Member Company means a “service recipient” as defined in Treasury Regulation § 1.409A-1(h)(3).