RETURN TRANSFER Sample Clauses

RETURN TRANSFER. Should a person return to the former plan after a transfer has been made pursuant to this agreement and should this person request that a new transfer of the original pensionable service be made pursuant to this agreement, then, notwithstanding Section 6, the amount transferred a second time shall not be less than the amount that was originally transferred, plus interest, from the date of the first transfer up to the date of the present transfer, at the rates prescribed in “Appendix E-Interest Rates". The pensionable service accrued after the original pensionable service is valued in accordance with Section 6. If, following the first transfer, the person has paid all or part of the difference needed to be given credit for a larger portion of or all of the pensionable service, this amount is refunded with interest at the rates prescribed in “Appendix E-Interest Rates". If, following the first transfer, the person was paid a supplemental value pursuant to Section 11, then the amount paid, with interest at the rates prescribed in “Appendix E-Interest Rates", shall be repaid by the person to the plan in order to restore the original pensionable service. If this amount is not repaid, a prorated portion of the original pensionable service will be recognized, beginning with the most recent service. If a person who transferred under this agreement subsequently becomes employed under the jurisdiction of a pension plan in “Appendix G-Record of Parties to the Agreement”, other than the pension plan of the original Exporting Authority, the following procedure applies: (i) the original Importing Authority shall return the originally transferred funds, with interest as specified in “Appendix E-Interest Rates”, to the original Exporting Authority; (ii) the original Exporting Authority shall, with respect to the service represented by the funds returned by the original Importing Authority, make a transfer pursuant to this agreement to the new Importing Authority; (iii) the original Importing Authority shall, with respect to the service accrued by the person while employed under its jurisdiction, transfer the funds representing that service to the new Importing Authority, pursuant to this agreement.
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RETURN TRANSFER. Should a person return to the former plan after a transfer has been made pursuant to this agreement and should this person request that a new transfer of the original pensionable service be made pursuant to this agreement, then, notwithstanding Section 5, the amount transferred a second time shall not be less than the amount that was originally transferred, plus interest, from the date of the first transfer up to the date of the present transfer, at the rates prescribed in “Appendix E-Interest Rates". The pensionable service accrued after the original pensionable service is valued in accordance with Section 5. If, following the first transfer, the person has paid all or part of the difference needed to be given credit for a larger portion of or all of the pensionable service, this amount is refunded with interest at the rates prescribed in “Appendix E-Interest Rates". If, following the first transfer, the person was paid a supplemental value pursuant to Section 10, then the amount paid, with interest at the rates prescribed in “Appendix E-Interest Rates", shall be repaid by the person to the plan in order to restore the original pensionable service. If this amount is not repaid, a pro-rated portion of the original pensionable service will be recognized, beginning with the most recent service.
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Related to RETURN TRANSFER

  • Request for Transfer Unless the paraeducator and both principals agree, no transfers shall be allowed during a period spanning from 14 calendar days before the first contract work day until after the 20th contract work day. A transfer will not be considered unless the paraeducator is qualified for such vacancy. All transfers shall be initiated by the receiving principal, with copies to the releasing principal or immediate supervisor and the Human Resource Services office. The principal, when making his/her decision, shall consider the following: seniority, educational qualifications, expertise and ability, prior job experience, performance evaluations, and recommendations of previous supervisors. The transfer of the paraeducator will be subject to Board approval.

  • Stop Transfer The Securities are restricted securities as of the date of this Agreement. Neither the Company nor any of its Subsidiaries will issue any stop transfer order or other order impeding the sale and delivery of any of the Securities at such time as the Securities are registered for public sale or an exemption from registration is available, except as required by state and federal securities laws.

  • Non-Transfers Notwithstanding anything to the contrary contained in this Article 14, (i) an assignment or subletting of all or a portion of the Premises to an affiliate of Tenant (an entity which is controlled by, controls, or is under common control with, Tenant), (ii) an assignment of the Premises to an entity which acquires all or substantially all of the assets or interests (partnership, stock or other) of Tenant, (iii) an assignment of the Premises to an entity which is the resulting entity of a merger or consolidation of Tenant with another entity, or (iv) a sale of corporate shares of capital stock in Tenant in connection with an initial public offering of Tenant’s stock on a nationally-recognized stock exchange (collectively, a “Permitted Transferee”), shall not be deemed a Transfer under this Article 14, provided that (A) Tenant notifies Landlord of any such assignment or sublease and promptly supplies Landlord with any documents or information requested by Landlord regarding such assignment or sublease or such affiliate, (B) such assignment or sublease is not a subterfuge by Tenant to avoid its obligations under this Lease, (C) such Permitted Transferee shall be of a character and reputation consistent with the quality of the Building, and (D) such Permitted Transferee described in subpart (ii) or (iii) above shall have a tangible net worth (not including goodwill as an asset) computed in accordance with generally accepted accounting principles (“Net Worth”) at least equal to the Net Worth of Tenant on the day immediately preceding the effective date of such assignment or sublease. An assignee of Tenant’s entire interest that is also a Permitted Transferee may also be known as a “Permitted Assignee”. “Control,” as used in this Section 14.8, shall mean the ownership, directly or indirectly, of at least fifty-one percent (51%) of the voting securities of, or possession of the right to vote, in the ordinary direction of its affairs, of at least fifty-one percent (51%) of the voting interest in, any person or entity. No such permitted assignment or subletting shall serve to release Tenant from any of its obligations under this Lease.

  • Wire Transfer All settlements in accordance with this Agreement shall be made by wire transfer of immediately available funds on the due date, or if such day is not a Business Day, on the next day which is a Business Day, pursuant to the following wire transfer instructions: [ ]. Payment may be made by check payable in immediately available funds in the event the party entitled to receive payment has failed to provide wire transfer instructions.

  • Stop-Transfer Notices Purchaser agrees that, in order to ensure compliance with the restrictions referred to herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records.