Trust Employee definition
Examples of Trust Employee in a sentence
Except for amounts withheld by the Trust, Employee understands and agrees that Employee will be responsible for paying any taxes, interest, penalties, or other amounts due on the payments.
Subject to Applicable Law, as of the Closing Date, the Transferred Corporate Trust Employees shall cease active participation in each Corporate Trust Employee Plan.
Nothing contained herein shall prevent BNY from terminating the employment of any Transferred Corporate Trust Employee or amending or terminating the terms of any benefit plan.
Except as otherwise provided by Applicable Law, JPM shall be liable for all eligible claims for benefits under the Corporate Trust Employee Plans that are welfare plans that are incurred by the Transferred Corporate Trust Employees prior to the Closing Date.
Notwithstanding the foregoing, to the extent Applicable Law requires that in connection with the transaction accrued and unused vacation time be satisfied through a cash payment, as soon as reasonably practicable following the Closing Date, JPM shall pay to each applicable Transferred Corporate Trust Employee an amount in cash in respect of all unused vacation time that has been accrued with respect to such Employee through the Closing Date, and BNY shall have no liability with respect thereto.
Except as otherwise expressly provided in this Section 13.1 or as otherwise provided by Applicable Law, JPM shall retain all assets and liabilities for the Corporate Trust Business Employees under the Corporate Trust Employee Plans.
Notwithstanding any other provision in this Agreement, the INSTITUTION shall comply with the Public Health Trust Employee Health Services Policy and Procedure regarding immunizations and infectious disease monitoring, and shall be responsible for assuring that its Residents/Fellows comply with Public Health Trust Policy and Procedures.
There is not now, nor do any circumstances exist that could give rise to, any requirement for the posting of security with respect to a Corporate Trust Employee Plan or the imposition of any Lien on the assets of the Corporate Trust Business under ERISA Section 302(f) or Code Section 412(n).
For purposes of this Section, the term "eligible rollover distribution" shall include (i) the amount of any unpaid balance of any loan made to a Transferred Corporate Trust Employee under the JPM's Savings Plan and (ii) the promissory note (or other documentation) evidencing such loan.
Vision Care Insurance (eye examination and refraction) will be provided, for each full-time professional teaching employee and enrolled dependents and the premiums for such insurance shall be paid by the Board as described in the Schuylkill County School Employees' Health and Welfare Trust Employee Benefit Plan.