Transition Group definition

Transition Group shall have the meaning set forth in Section 4.9.
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Transition Group means Transition Group Pty Ltd ACN 085 680 628; Unanimous Vote means a vote or resolution passed by:
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Transition Group means those Members who, as of November 28, 2004, (i) are at least age 50, (ii) have at least ten (10) Years of Service; (iii) are actively employed by the Company or an Affiliated Company; and (iv) did not have compensation (as determined under Section 2.33) greater than $125,000 in the prior Plan Year. Notwithstanding the foregoing, item (iv) shall not apply to any Member in any Plan Year for which LS&CO. determines that the Plan would satisfy nondiscrimination requirements if such Member is allowed to participate.”
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Examples of Transition Group in a sentence

  • Promptly after the date hereof, the Parties will create a transition group (the "Transition Group") to consist of at least one marketing executive, one technical executive, one financial executive, one human resources executive, one regulatory executive and one designated team leader (who may be one of such executives) from each of the Parties.

  • The Transition Group will have responsibility for developing and implementing transitional arrangements until the Closing, including, without limitation, issues with respect to Newco relating to technology, human resources, wireless coverage area, service offerings to be made available after the Closing and marketing.

  • As a result of the provisions of this Subsection 9.2.6, no Transition Group Participant shall accrue any benefit under this Section 9.2 for any period after May 1, 2015.

  • The monthly amount of the disability benefit provided under this Subsection 9.2.3 to the Transition Group Participant shall be equal to the monthly amount of the retirement benefit that he accrues under the Plan to the date he ceases to be an Employee (determined as if such retirement benefit were paid in the form of a Single Life Annuity that commences as of the Participant’s 65th birthday).

  • The location of Newco's initial principal place of business shall be determined by the Transition Group.

  • If the Transition Group Participant ceases to be an Employee on or after October 1, 1999, then his Prior Pension Plan Amount shall be determined under the foregoing provisions of this paragraph (b) except that the dollar amount that otherwise would apply to each Pension Band number under the terms of Table 3 to the Prior Pension Plan shall be determined under Table 7 to this Plan (instead of under such Table 3 to the Prior Pension Plan).

  • Effective January 1, 1996, the Participating Companies shall contribute to the Fund as a Matching Contribution such uniform percentage of the amount contributed with respect to a Transition Group Associate under subsection 4(a) as the Company, in its absolute discretion, shall determine.

  • Transition Group: Participants who have attained an age as of December 31, 1994, which when added with two (2) times their credited service as of December 31, 1994 under the Cash Balance Plan, equals or exceeds eighty-five (85).

  • In addition, when determined as of the subject date, the Transition Group Participant’s Accrued Benefit (as is otherwise generally calculated under the provisions of Subsection 2.1.1 above) shall not be less than the Transition Group Participant’s Prior Pension Plan Amount determined as of the later of his 65th birthday or the subject date under the provisions of Subsection 9.2.5(b) below.

  • Except as otherwise expressly set forth herein, neither Provider nor Recipient Transition Group shall incur any liability with respect to the financial obligations of the other party under this Agreement.


More Definitions of Transition Group

Transition Group. Participants who have attained an age as of December 31, 1994, which when added with two (2) times their service as of December 31, 1994 under the Cash Balance Plan, equals or exceeds eighty- five (85). ARTICLE 3
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Related to Transition Group

  • Aggregation Group means either a Required Aggregation Group or a Permissive Aggregation Group as hereinafter determined.

  • Required Aggregation Group means: (i) each qualified plan of the Employer in which at least one Key Employee participates at any time during the Determination Period; and (ii) any other qualified plan of the Employer which enables a plan described in clause (i) to meet the requirements of Code Section 401(a)(4) or of Code Section 410.

  • Transition Plan means a transition plan, acceptable to the LHIN that indicates how the needs of the HSP’s clients will be met following the termination of this Agreement and how the transition of the clients to new service providers will be effected in a timely manner; and

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

  • Company Employee Agreement means any management, employment, severance, change in control, transaction bonus, consulting, repatriation or expatriation agreement or other contract between any Group Company and any current or former employee, director or officer of such Group Company.

  • Welfare Plan means a “welfare plan” as defined in Section 3(1) of ERISA.

  • Permissive Aggregation Group means the Required Aggregation Group of plans plus any other plan or plans of the Employer which, when considered as a group with the Required Aggregation Group, would continue to satisfy the requirements of Code Sections 401(a)(4) and 410.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Defined Benefit Plan means either a plan described in Section 3(35) of ERISA or a plan subject to the minimum funding standards set forth in Section 302 of ERISA and Section 412 of the Code.

  • Work group means a crew or number of crews which work from a common point of assembly and perform work of a similar nature in a defined seniority block. Where more than one (1) work group works from a common point of assembly the work groups will be defined by the Employer.

  • 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)).

  • the Group means the Company and its subsidiary undertakings (if any); and

  • Parent Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "EMPLOYEE BENEFIT PLAN," within the meaning of Section 3(3) of ERISA which is maintained, contributed to, or required to be contributed to, by Parent or any Affiliate for the benefit of any Parent Employee;

  • Client employer means an Employer that is involved in a Tri-Party Employment Relationship due to obtaining the services of a third-party entity.

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

  • Seller 401(k) Plan has the meaning set forth in Section 6(e) below.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Welfare Plans shall have the meaning set forth in Section 3.2.4.

  • Company Employee Plans has the meaning set forth in Section 3.12(a).

  • 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.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.