Pension and Retirement Benefits. During Executive’s employment with the Corporation, Executive shall be entitled to participate in any pension, 401(k) and retirement plans of the Corporation now existing or established hereafter to the extent that Executive is eligible under the general provisions thereof. The Corporation may, in its sole discretion and from time to time, establish additional senior management benefit programs as it deems appropriate. Executive understands that any such plans may be modified or eliminated in the discretion of the Corporation in accordance with applicable law.
Pension and Retirement Benefits. 29.1 PENSION ENROLLMENT Employees eligible pursuant to the Ontario Municipal Employees Retirement System Act shall be enrolled in the pension from the date of eligible employment.
Pension and Retirement Benefits. Changes in the pension plans and retirement benefits of school lunch employees who are members of the Board of Education Retirement System will be the subject of a supplemental agreement between the Board and the Union and made Appendix "A" of this Agreement.
Pension and Retirement Benefits. At any time during the Term of this Agreement, the Corporation may, and at the sole discretion of the Board, contribute an amount equal to ten percent (10%) of the Employee’s annual salary to a qualified retirement account either set up by the Corporation or by the Employee.
Pension and Retirement Benefits. During the term of this Agreement Employees will be entitled to retirement benefits in accordance with the terms of the Memorandum of Understanding Regarding the Police and Fire Retirement System of the City of Detroit, Michigan. The terms of the Memorandum of Understanding may be modified to conform with any plan of adjustment approved by the United States Bankruptcy Court.
Pension and Retirement Benefits. 13.01 (a) Each member who joined the Service prior to July 1st, 1968, shall be entitled, on his/her retirement, or his/her dependents on his/her death, to the benefits as set forth in By-law No. 181-81 of the City of Toronto, as amended, being a By-law to provide pensions and death benefits to members of the Toronto Police Service.
Pension and Retirement Benefits. During Executive’s employment with the Corporation, Executive shall be entitled to participate in any pension, 401(k) and retirement plans of the Corporation now existing or established hereafter to the extent that Executive is eligible under the general provisions thereof. The Corporation may, in its sole discretion and from time to time, establish additional senior management benefit programs as it deems appropriate. Executive understands that any such plans may be modified or eliminated in the discretion of the Corporation in accordance with applicable law. Notwithstanding the foregoing, Executive shall participate in the Corporation’s Supplemental Executive Retirement Plan (the “SERP”) and receive a benefit thereunder pursuant to the provisions set forth in Appendix A; provided, however, that Executive shall only become vested in such benefit so long as Executive remains employed with the Corporation through the third anniversary of the Effective Date or, to the extent provided in Appendix A, Executive’s employment is terminated without Cause, for Good Reason or due to death or Disability.
Pension and Retirement Benefits. (1) The Managing Director participates in the Milacron Europe Retirement Plan. Details have been separately handed over to the Managing Director.
Pension and Retirement Benefits. (a) Employee shall be entitled to participate in any pension, profit sharing, savings, cash balance, or other retirement plan, other than the Chicago Mercantile Exchange Supplemental Executive Retirement Plan, ("Plan") from time to time during the Agreement Term maintained by Employer in accordance with the terms and conditions provided therein. In the event Employee's employment with Employer, whether before, at, or after the expiration of the Agreement Term, terminates prior to Employee's full vesting of retirement benefits under any Plan, and provided Employee's employment is not terminated for "cause" as defined in paragraph (d) of Section 8 hereof, Employee's rights thereunder shall not be subject to any forfeiture but shall be treated as if fully vested under such Plan and Employee shall receive retirement benefits from either such Plan, Employer or both, based upon such Plan's then current benefit formula limited to Employee's actual service with Employer and his average earnings at the date of termination. Employee will be credited with his aggregate period of employment with Employer, both before his initial termination of employment in June, 1994, and from and after his date of reemployment in March, 1996, for all purposes of each Plan; provided that such employment shall not be credited in a manner that is inconsistent with the provisions of any Plan that is intended to meet the tax qualification requirements of Section 401(a) of the Internal Revenue Code of 1986, as amended ("Code"); and provided further that the amount of any benefit payable to Employee under any such Plan shall be reduced to reflect the amount of any benefit previously paid to him under such Plan to the extent necessary to prevent duplication of benefits. Notwithstanding the foregoing (except for the aforementioned protection from forfeiture and provision for credit of employment), Employee shall not be entitled to any greater benefit under any Plan than any other employee who has been employed for an equivalent period of service.
Pension and Retirement Benefits. A. The Pension Plan as outlined in the Agreement between the Company and the Union dated December 26, 1969, as amended, shall be considered part of this Agreement.
