Suspension Plan definition

Suspension Plan has the meaning set forth in Article 15.4;
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Suspension Plan means the changes to this Plan, including reduction in accrued benefits and elimination of early retirement subsidies, adopted by the Board of Trustees upon approval of the Department of Treasury in accordance with Code Section 432(e)(9) and ERISA Section 305(e)(9). The effective date of the Suspension Plan shall be referred to herein as the “Suspension Date” which is February 1, 2017.
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Examples of Suspension Plan in a sentence

  • The Suspension Plan will also provide Rio Tinto with options over queue places for machinery and equipment ordered by the Borrower or its Material Subsidiaries but no longer required by it or them.

  • The Management Committee may approve the Mine Suspension Plan with such changes as it deems necessary.

  • If the Mine Suspension Plan contemplates a suspension of work for a definite time, the Management Committee may cause work to be resumed at any time upon the resolution of the issues which led to the need to suspend.

  • The Suspension Plan is to be prepared by and agreed between the Borrower and Rio Tinto, acting reasonably, prior to the Funding Date.

  • In such event, the Suspension Plan will supersede and replace the Operations Budget and Plan in relation to the OT Project (for greater certainty, the Operations Budget and Plan will continue to apply in respect of expenditures on or in relation to other projects located in Mongolia).

  • The Finance Committee will also be responsible for reviewing, and reporting to the Borrower and Rio Tinto on, actual expenditures versus the Operations Plan and Budget and the Suspension Plan at least once every eight weeks and immediately prior to each drawdown.

  • The Suspension Plan and the Suspension Date may only be amended by the unanimous vote of the Technical Committee.

  • The Suspension Plan will provide for the orderly cessation of Operations and the ongoing care and maintenance of the OT Project in the event that an OT Investment Contract is not achieved by a date to be determined by the Finance Committee (the “Suspension Date”).

  • Notwithstanding the foregoing, if Rio Tinto has appointed the Technical Committee Chair, the Suspension Plan and the Suspension Date may be amended by a majority vote of the Technical Committee.

  • The Borrower will, and will ensure that its Material Subsidiaries, (i) comply with the provisions of the Operations Budget and Plan prior to the Suspension Date and the Suspension Plan on and after the Suspension Date and (ii) not restart Operations at the OT Project on or after the Suspension Date without the prior written approval of Rio Tinto.

Related to Suspension Plan

  • Suspension Period shall have the meaning assigned thereto in Section 2(b).

  • Short-term suspension means any disciplinary action whereby a student is not permitted to attend school for a period not to exceed ten school days.

  • Suspension Date has the meaning set forth in Section 4.18(a).

  • Pension program means the defined benefit pension program of the Oregon Public Service

  • Suspension Event shall have the meaning given in Section 3.4 of this Agreement.