A Pension Sample Clauses

A Pension. The Union and the Employer agree to support the recommendations of the taskforce currently studying the financial viability including the unfunded retirees’ benefit liabilities of the Pension Plan. The provisions of Article 6.13 A will not be used to veto the recommendations of the taskforce. Signed this 2nd day of June, 2006 Xxx Xxxxxx Xxxx Xxxxxx Signed on behalf of the Board Signed on behalf of the Union BCPSEA and the Unions ("the Parties") agree to recommend the following framework for inclusion in the collective agreements between local Support Staff Unions and Boards of Education. The rights and obligations of the local parties under this framework are of no force or effect unless their collective agreement has been ratified by both parties no later than Dec. 20, 2013.
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A Pension. All present employees enrolled in the Hospital's pension plan shall maintain their enrolment in the plan subject to its terms and conditions. New employees and employees not yet eligible for membership in the plan shall, as a condition of employment, enroll in the plan when eligible in accordance with its terms and conditions.
Sample 1Sample 2
A Pension. The Company agrees to provide 35 cents per hour during the term of this agreement, contributions to the United Food and Commercial Workers’ International Union, local 333 Pension Plan for all regular hours worked, in accordance with the Collective Agreement, for all full-time employees in the bargaining unit, to a maximum of 40 hours per week per employee. The contributions made by the Company and the fund assets accruing therefrom, shall be used exclusively to provide retirement benefits for eligible employees as shall be determined, from time to time, by the Trustees of the aforesaid Trust Fund pursuant to the terms of the Trust Agreement. The Employer’s liability in connection to the Pension Plan shall be limited solely to the payment of the amount(s) described above. There shall be no past service liabilities recognized nor past service payments required of the employer as a condition of the participation in the plan. As a consequence of the Agreement in this Article between the Company and the Union, the Company will enter into a “Participation Agreement” with the Board of Trustees of the United Food and Commercial Workers’ International Union, local 333 Pension Plan and supply such actuarial data as may be reasonably required with respect to the administration of the plan.
Sample 1
A Pension. The Company agrees to provide $0.35 cents per hour contributions to the United Food and Commercial Workers’ International Union, local 333 Pension Plan for all regular hours worked, in accordance with the Collective Agreement, for all full-time employees in the bargaining unit, to a maximum of 40 hours per week per employee. Effective the first full pay period following May 1, 2013 the company will contribute $0.40 cents per hour for each full time employee to the pension plan. Effective the first full pay period following May 1, 2014 the company will contribute $0.45 cents per hour for each full time employee to the pension plan. Effective the first full pay period following May 1, 2015 the company will contribute $0.50 cents per hour for each full time employee to the pension plan. The contributions made by the Company and the fund assets accruing therefrom, shall be used exclusively to provide retirement benefits for eligible employees as shall be determined, from time to time, by the Trustees of the aforesaid Trust Fund pursuant to the terms of the Trust Agreement. The Employer’s liability in connection to the Pension Plan shall be limited solely to the payment of the amount(s) described above. There shall be no past service liabilities recognized nor past service payments required of the employer as a condition of the participation in the plan. As a consequence of the Agreement in this Article between the Company and the Union, the Company will enter into a “Participation Agreement” with the Board of Trustees of the United Food and Commercial Workers’ International Union, local 333 Pension Plan and supply such actuarial data as may be reasonably required with respect to the administration of the plan.
Sample 1
A Pension. The Union and the Employer agree to support the recommendations of the taskforce currently studying the financial viability including the unfunded retirees’ benefit liabilities of the Pension Plan.
Sample 1

Related to A Pension

  • Taxes; Pensions Timely file, and require each of its Subsidiaries to timely file, all required tax returns and reports and timely pay, and require each of its Subsidiaries to timely pay, all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower and each of its Subsidiaries, except for deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereof, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms.

  • Retirement Benefit (i) In consideration of the Executive's past services to the Company, the Executive shall be entitled to a retirement benefit, payable monthly for his life, in an amount equal to 50 percent of his highest monthly Base Salary during the Employment Term. Such payments shall commence on the first day of the month coincident with or next following the later of the Executive's attainment of age 58 or the end of the Employment Term (the "Commencement Date"); provided, however, that if the Employment Term terminates prior to his attainment of age 58, the Executive may elect by written notice to the Company to have such payments commence on the first day of any month after such termination of employment (the "Early Commencement Date") in a monthly amount equal to the monthly amount that the Executive would have received at the Commencement Date, reduced by one-third of one percent (.33%) per month for each month by which the Early Commencement Date precedes the Commencement Date. The amount of each payment hereunder shall be increased on each January 1 following the Early Commencement Date or Commencement Date, as applicable, by an amount determined by multiplying the amount of each monthly payment made in the preceding year by the percentage increase, if any, in the cost of living from the preceding January 1, as reflected by the Consumer Price Index. The Executive's election to have his retirement benefit payments commence on the Early Commencement Date shall not affect the Company's obligation to pay consulting fees to the Executive in accordance with Section 4 hereof. The retirement benefit shall be an unconditional, but unsecured, general credit obligation of the Company to the Executive, and nothing contained in this Agreement, and no action taken pursuant to it, shall create or be construed to create a trust of any kind between the Company and the Executive. The Executive shall have no right, title or interest whatever in or to any investments which the Company may make (including, but not limited to, an insurance policy on the life of the Executive) to aid it in meeting its obligations hereunder. (ii) From time to time, the Company shall make such contributions to the trust established under the Trust Agreement dated as of December 18, 1986 (the "1986 Trust") between the Company, as grantor, and Wixxxxx X. Xxxxxxxx, as successor trustee, to provide a sufficient reserve for the discharge of its obligation to pay the retirement benefit to the Executive as provided in clause (i) of this Section 3(c) and clauses (ii) and (iii) of Section 5(a) hereof.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • No Pension Plans Neither the Company nor any current or past ERISA Affiliate has ever maintained, established, sponsored, participated in, or contributed to, any Pension Plans subject to Title IV of ERISA or Section 412 of the Code.

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time-to-time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time-to-time by the Company for the benefit of its senior executives, other than any annual cash incentive plan.

  • Life Annuity In addition to the rules imposed by the Act, a life annuity purchased with the property of the Plan must comply with Pension Legislation and must be established for the Annuitant’s life. However, if the Annuitant has a Spouse on the date payments under the life annuity begin, the life annuity must be established for the lives jointly of the Annuitant and the Annuitant’s Spouse, unless the Spouse has provided a waiver in the form and manner required by Pension Legislation. Where the surviving Spouse is entitled to payments under the life annuity after the Annuitant’s death, those payments must be at least 60 percent of the amount to which the Annuitant was entitled prior to the Annuitant’s death. The life annuity may not differentiate based on gender except to the extent permitted by Pension Legislation.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

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