Examples of Xxxxxxxxx Plan in a sentence
B&W shall be responsible for paying any severance benefits payable under the McDermott Xxxxxxxxx Plan to individuals who transfer from employment with a member of the McDermott Group to employment with a member of the B&W Group in connection with the Distribution and who are involuntarily terminated within twelve months of the Distribution Date for reasons other than cause (other than with respect to those individuals set forth on Schedule 10.2(a)).
Pursuant to Prohibited Transaction Exemption 2003-29, Defendants intend to submit the Settlement to an Independent Fiduciary for approval, along with the agreement by the Independent Fiduciary to agree to and execute the releases set forth in this Agreement on behalf of the Plan and Xxxxxxxxx Plan.
Citizens present at the meeting spoke their concerns of losing marketing dollars stating that the Calaveras Visitor’s Bureau was a countywide marketing organization.
The Purchaser shall allow the Acquired Employees to elect to make regularly scheduled loan payments on loans from the Xxxxxxxxx Plan by payroll deduction.
For these purposes, approved means that the Xxxxxxxxx Plan is in receipt of formal approval or qualification by and/or due registration with the appropriate taxation, social security, supervisory, fiscal and other applicable regulatory authorities in the relevant state or jurisdiction in order to obtain tax exemption (or partial tax exemption) on contributions, benefits and/or investments.
No amount that could be received (whether in cash or property or the vesting of property), as a result of the consummation of the Merger, by any employee, director or other individual service provider of Xxxxxxxxx or its subsidiaries under any Xxxxxxxxx Plan or otherwise would not be deductible by reason of Section 280G of the Code or would be subject to an excise tax under Section 4999 of the Code.
Defendants shall request that the Independent Fiduciary make any and all determinations necessary to assess the applicability of the Class Exemption and whether to issue the release set forth in Section 3.1 on behalf of the Plan (including the Xxxxxxxxx Plan).
Since January 1, 2015, each such Xxxxxxxxx Plan has been maintained and operated in all material respects in accordance with the applicable plan document and all Applicable Laws and other requirements, and if intended to qualify for special Tax treatment, satisfies all requirements for such treatment.
You shall be eligible for severance payments and benefits in accordance with the XXXX Xxxxxxxxx Plan, subject to the terms and conditions provided therein.
This severance pay arrangement shall be governed by the terms of the Xxxxx Xxxxxxxxx Plan, except of course for the calculation of the amount of severance pay.