Additional Retirement Benefits. Effective as of the Termination Date, the Executive’s interest in all Relevant Plans shall become fully vested and nonforfeitable. In addition, Key shall provide to the Executive, at the time specified in Section 1.5, an additional retirement benefit which shall equal the benefits that Executive otherwise would have been entitled to receive under the Retirement Plan, the Supplemental Retirement Plan and the Savings Plan had Executive remained an active full time employee of Key during the period beginning on the Termination Date and ending on the third anniversary of the Termination Date (the “36-month Continuing Benefit Period”). In calculating Executive’s additional retirement benefit under the respective Plans (i) the entire 36-month Continuing Benefit Period shall be included for purposes of determining Executive’s years of service for both vesting and benefit accrual purposes, (ii) the amount to be provided to Executive under clause 1.1(b)(i) will be deemed to be Executive’s base salary paid ratably during the 36-month Continuing Benefit Period, (iii) the amount to be provided to Executive under clause 1.1(b)(ii) will be deemed to be Executive’s incentive compensation paid ratably during the 36-month Continuing Benefit Period, and (iv) the rate of employer matching contributions allocated under the Savings Plan shall reflect Executive’s rate of employer matching contributions under such Plans immediately prior to the Termination Date. The payment of Executive’s additional retirement benefit, as if accrued under the Retirement Plan and the Supplemental Retirement Plan, shall be paid to Executive as an annuity payment in a form elected by Executive under the annuity benefit payment options otherwise provided under the Retirement Plan and Supplemental Retirement Plan, and the additional retirement benefit payment as if accrued under the Savings Plan shall be paid to Executive in a single lump sum cash payment.
Additional Retirement Benefits. 1. "2% at 60" formula as adopted by the City, effective July 1, 1971.
Additional Retirement Benefits. In addition to mandatory retirement benefits, the City provides the following benefits:
Additional Retirement Benefits. All employees shall receive the following additional contracted for optional CalPERS benefits: Section 20965, Credit for Unused Sick Leave Section 21574, 1959 Survivors Benefit, Fourth Level Section 21548, Pre-retirement Option 2W Death Benefit
Additional Retirement Benefits. An additional amount of monthly retirement income shall be payable on and after July 1, 1980, for a participant who was a participant under the Prior Employees’ Plan and whose retirement date occurred on or before July 1, 1980, in an amount equal to the product of (a) and (b):
Additional Retirement Benefits. Torrent may establish, at its discretion, an additional retirement plan for Xxxxxxxx (the “Additional Retirement Benefits”). The amount of Torrent’s annual contributions, if any, shall be determined annually by the Board. The terms of the retirement plan established shall control and provide that the annual contributions, if any, will be made during the first quarter of each year of the Employment Period and that Xxxxxxxx shall be paid the deferred benefit upon separation from Torrent in a manner required by or exempt from Section 409A of the Internal Revenue Code of 1986, as amended, or any regulations or Treasury guidance promulgated thereunder (“Section 409A”).
Additional Retirement Benefits. Non‑Sworn" Unit Employees (Police Officer Recruit) 51 "Sworn Unit Employees": 50 Administrative (non-3/12) Assignment Program 33 Advancement to Police Officer – Step 2 13 Alcohol and Substance Abuse 111 Amendment To Civil Service Rules 129 Amendments to Memorandum of Understanding 126 Appendix “A” 129 Arson Investigation Program 30 Article Eight - General Provisions 125 Article Five - Leave Policy 90 Article Four - Fringe Benefits 76 Article One - Parties To Memorandum of Understanding 1 Article Seven - Grievance Procedure/Review Board 122 Article Six – Working Conditions 111 Article Three - Work Periods, Schedules, and Overtime 53 Article Two - Salaries and Compensation 13 Assignment of Discipline Cases To Hearing Officer 12 Association and Employee Rights 2 Association Liability Waiver 8 Association Recreation Space 6 Association Release Time 3 Association Responsibilities 11 Authority of Third Party Neutral ‑ Management Rights 11 Auto Allowance – School Resource Officer 47 B Base Salary 13 Below Standards Evaluation 16 Bereavement Leave 107 Leave With Pay 107 Bi-Monthly Meeting – City-GPOA 12 Building Space ‑ Physical Fitness 7 Bulletin Board(s) 7 C City Designated Office Space 6 City’s Grievance Procedure - Reprinting 122 Classification of Police Officer Recruit 14 Mandatory Apprentice Police Recruit Program 14 Non-Sworn Status 15 Salary and Length of Classification 15 Classification Phase-Out of Police Detective 16 Commuter Training "Local Area" 62 "Outside Area" 62 Comp Time in Lieu of Payment 67 Compensation Administrative (non-3/12) Assignment Program 33 Arson Investigation Program 30 Foreign Language or Sign Language Interpreter Proficiency Program 36 Helicopter Observer 26 Helicopter Pilot 25 K-9 Duty Program 29 Lead Sergeant Program 20 Motorcycle Duty 23, 24, 45 Police Agent Program 17 POST Educational Incentive Program 22 School Resource Officer, Auto-Allowance 46 Compensatory Time 73 Accumulation 73 Change in Classification 74 Conversion 73 Eligibility 73 Excess, Transfer to RHSP 73 Overtime Designated for Compensatory Time 73 Pay Out 73 Termination 74 Use of Compensatory Time 73 Confidential Employees 1 Confidential Investigations 2 Number of Designated Confidential Employees 1 Provisions 2 Confidential Investigations 2 Court Stand‑By Time "On Call" 62 "On Call" Assignment 70 Court Time ‑ "Go Subpoena" 61 D Daily Work Schedule 53 10-Hour Work Schedule 54 12-1/2 Hour Work Schedule 54 3/12 Work Schedule 55 8-Hour Work Schedule 53 Daylight Savin...
Additional Retirement Benefits. In addition to and not in lieu of any amounts payable by the Corporation to the Executive under any other subsection of this Section 5, the Corporation shall pay to the Executive additional retirement benefits as follows: (i)
Additional Retirement Benefits. In addition to the eligibility to receive pension benefits in accordance with the rules and regulations of the Fire Pension Fund, employees shall be eligible for the following additional benefits upon retirement. An employee shall be deemed retired when said employee is receiving retirement pension payments from the Wheeling Fire Pension Fund.
Additional Retirement Benefits. The following are benefits provided to employees and their eligible dependents/beneficiaries under the terms of the retirement plan:
