Transition benefits definition

Transition benefits means the value of the below-market costs of an economic utility investment.

Transition benefits has the meaning set forth in Section 8.16(e).

Transition benefits summary that describes transition benefits for eligible management employees whose jobs are abolished as a direct result of the Company's restructuring efforts.

Examples of Transition benefits in a sentence

• Annual profile of monetised costs and benefits* - (£m) constant prices Y0 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9Transition costs Annual recurring cost Total annual costs Transition benefits Annual recurring benefits Total annual benefits * For non-monetised benefits please see summary pages and main evidence base sectionEvidence Base (for summary sheets) 1.

• Annual profile of monetised costs and benefits* - (£m) constant prices Y0 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9Transition costs Annual recurring cost Total annual costs Transition benefits Annual recurring benefits Total annual benefits * For non-monetised benefits please see summary pages and main evidence base section Microsoft Office Excel WorksheetEvidence Base (for summary sheets)There is discretion for departments and regulators as to how to set out the evidence base.

• Thus, except as provided in paragraph (c)(2) or (3) of this section, section 3121(v)(2) applies, and the retirement payment exclusions do not apply, to benefit payments made after December 31, 1983, even if the benefit payments are made under a March 24, 1983 agree- ment or a gap agreement.(2) Transition benefits under a March 24, 1983 agreement.

• Thus, transition benefits under a March 24, 1983 agreement (ex- cept for those under a 457(a) plan) to an individual party to a March 24, 1983 agreement are excluded from wages (for FICA tax purposes) only if they qualify for any of the retirement pay- ment exclusions (or any other exclu- sion provided under section 3121(a) as in effect on April 19, 1983).(3) Transition benefits under a gap agreement.

• Annual profile of monetised costs and benefits* - (£m) constant prices Y0 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9Transition costs Annual recurring cost Total annual costs Transition benefits Annual recurring benefits Total annual benefits * For non-monetised benefits please see summary pages and main evidence base sectionEvidence Base (for summary sheets) Introduction1.

More Definitions of Transition benefits

Transition benefits means those particular medical, dental, vision, disability and other health and welfare plans in which Property Employees participate immediately prior to the Closing which would otherwise be provided under a Pending Mirror H&W Plan and which will be provided upon the full implementation and effectiveness thereof, and such additional benefits which the parties otherwise mutually agree to include within the definition of “Transition Benefits” as soon as practicable following the date hereof. The applicable Caesars Party or its service provider administering each Transition Benefit shall honor any claims for benefits under such Transition Benefits which are incurred prior to the Benefit Changeover Date and which are presented to such administrator in accordance with the terms of the particular plan, program, policy or arrangement establishing the particular Transition Benefit; provided, however, that such claims are presented prior to the expiration of the twelve (12) month period beginning on the Benefit Changeover Date. Growth Partners shall reimburse the applicable Caesars Party for the actual aggregate employer and employee premium cost, including any monthly service charges imposed by the applicable Caesars Party’s service provider which are paid directly by the applicable Caesars Party (“Aggregate Premium Cost”), of providing such Transition Benefits during the Transition Period within forty-five (45) days after the applicable Caesars Party submits written proof of such Aggregate Premium Cost to Growth Partners. To the extent a particular Transition Benefit is administered by a third party service provider, the applicable Caesars Party shall use commercially reasonable efforts to obtain such service provider’s consent to the substitution of Growth Partners or one of its Subsidiaries as the party legally responsible for providing the particular Transition Benefit on and after the Closing but otherwise continuing to treat the particular Transition Benefit as administered by the applicable Caesars Party and its service providers throughout the Transition Period.

Transition benefits means severance benefits (“Transition Payments”), death benefits continuation, health plan continuation coverage, and outplacement and career counseling services (“Transition Services”) as described in Section 6.05 of the Plan. Transition Benefits shall not include those Plan benefits described in Section 6.05g.

Transition benefits means gains in the economic value of an incumbent electric utility's investments

Transition benefits. The Executive shall be responsible for the payment of all applicable taxes with respect to the Transition Benefits.

Transition benefits has the meaning set forth in Section 3.01(a).

Transition benefits. (a) The Company shall continue to pay Employee his base salary, subject to applicable withholdings, for one year following the Transition Date, payable on Cambridge’s regularly scheduled payroll dates, provided that the first payment will not be made until the first regularly scheduled payroll date following the Bring-Down Release Effective Date (as defined in Section 12) of this Agreement, and will include any payments that otherwise would have been paid between the Transition Date and the Bring-Down Release Effective Date.

Transition benefits. The Company shall have no obligation to provide the Transition Benefits until the Executive has had the opportunity to consider this Agreement as described in Section 15 below, and the Executive has not revoked the Agreement in the timetable specified in Section 15. The Transition Benefits shall not be treated as compensation under the Company’s 401(k) plan or any other benefit or retirement plan. The Parties agree that the Transition Benefits are full and fair consideration between the Parties and that the Executive is not otherwise entitled to the Transition Benefits.