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.
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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
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 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

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 Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • 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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