Reciprocity with Another Plan under the Trust Sample Clauses

Reciprocity with Another Plan under the Trust. A Participant shall be entitled to credit under the Plan for Credited Service under Another Plan to the following extent: (a) A Participant shall receive credit for Eligibility Service but not for Credited Service under the Plan for any period for which he has earned Credited Service under Another Plan. (b) The maximum Credited Service a Plan 2 Participant may earn under the Plan prior to January 1, 2014 for a calendar year in which he accrues both Credited Service under the Plan and Another Plan shall not exceed one year. Any reduction required by the preceding sentence shall be made so as to provide maximum benefit credits for the Participant. On and after January 1, 2014, the amount of the Credited Service a Plan 2 Participant may earn under the Plan for a calendar year in which he accrues both Credited Service under the Plan and Another Plan shall be determined in accordance with Section 2.02(b)(ii). (c) A Participant's aggregate Credited Service under the Plan and Another Plan, either of which has a limit on the number of years of Credited Service, shall not exceed that limit, and if both have a limit, the lower limit shall apply. Any reduction required by the preceding sentence shall be made so as to provide the maximum benefit credits for the Participant. (d) A Participant who qualifies for a Pension without application of this Section may elect that Pension in lieu of the one under this Section. (e) The provisions of Sections 2.06(c) and (d) do not apply to the Retirement Plan for International Brotherhood of Electrical Workers Local 134 Employees (the “Union Staff Plan”). Accordingly, there is no limit on the Credited Service that a Participant can receive from this Plan as a result of service under the Union Staff Plan.
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Related to Reciprocity with Another Plan under the Trust

  • Rights Under The Federal Power Act Nothing in this Section shall restrict the rights of any Interconnection Party to file a complaint with FERC under relevant provisions of the Federal Power Act.

  • Actions Taken Under the Program The actions taken by the Recipient under the Program include the following:

  • CERTIFICATION PROHIBITING DISCRIMINATION AGAINST FIREARM AND AMMUNITION INDUSTRIES (Texas law as of September 1, 2021) By submitting a proposal to this Solicitation, you certify that you agree, when it is applicable, to the following required by Texas law as of September 1, 2021: If (a) company is not a sole proprietorship; (b) company has at least ten (10) full-time employees; (c) this contract has a value of at least $100,000 that is paid wholly or partly from public funds; (d) the contract is not excepted under Tex. Gov’t Code § 2274.003 of SB 19 (87th leg.); and (e) governmental entity has determined that company is not a sole-source provider or governmental entity has not received any bids from a company that is able to provide this written verification, the following certification shall apply; otherwise, this certification is not required. Pursuant to Tex. Gov’t Code Ch. 2274 of SB 19 (87th session), the company hereby certifies and verifies that the company, or association, corporation, partnership, joint venture, limited partnership, limited liability partnership, or limited liability company, including a wholly owned subsidiary, majority-owned subsidiary parent company, or affiliate of these entities or associations, that exists to make a profit, does not have a practice, policy, guidance, or directive that discriminates against a firearm entity or firearm trade association and will not discriminate during the term of this contract against a firearm entity or firearm trade association. For purposes of this contract, “discriminate against a firearm entity or firearm trade association” shall mean, with respect to the entity or association, to: “ (1) refuse to engage in the trade of any goods or services with the entity or association based solely on its status as a firearm entity or firearm trade association; (2) refrain from continuing an existing business relationship with the entity or association based solely on its status as a firearm entity or firearm trade association; or (3) terminate an existing business relationship with the entity or association based solely on its status as a firearm entity or firearm trade association. See Tex. Gov’t Code § 2274.001(3) of SB 19. “Discrimination against a firearm entity or firearm trade association” does not include: “ (1) the established policies of a merchant, retail seller, or platform that restrict or prohibit the listing or selling of ammunition, firearms, or firearm accessories; and (2) a company’s refusal to engage in the trade of any goods or services, decision to refrain from continuing an existing business relationship, or decision to terminate an existing business relationship to comply with federal, state, or local law, policy, or regulations or a directive by a regulatory agency, or for any traditional business reason that is specific to the customer or potential customer and not based solely on an entity’s or association’s status as a firearm entity or firearm trade association.” See Tex. Gov’t Code § 2274.001(3) of SB 19.

  • IMPLICATIONS UNDER THE LISTING RULES As the relevant percentage ratios (as defined under the Listing Rules) in respect of the maximum amount of financial assistance granted to the Borrowers or their associates pursuant to the Loan Agreement exceed 5% but are under 25%, the transaction contemplated thereunder constitutes a discloseable transaction of the Company and is therefore subject to the announcement requirement but exempt from obtaining Shareholders’ approval under Chapter 14 of the Listing Rules.

  • Status under the Securities Act The Company was not and is not an ineligible issuer as defined in Rule 405 under the Securities Act at the times specified in Rules 164 and 433 under the Securities Act in connection with the offering of the Placement Shares.