Alternate Plan Sample Clauses

Alternate Plan. No later than sixty (60) calendar days after execution of the Contract, the Company shall submit to the County for approval a complete and detailed alternative operations plan for correcting, repairing or reconstructing any Facility that for any reason becomes incapable of performing its role pursuant to the Contract. This plan shall include provisions for Alternative Facilities if necessary and shall be of sufficient detail to satisfy the County of the Company’s ability to maintain operations in the event that Uncontrollable Circumstances prevent the use of the primary system, or if for any other reason the Company is unable to receive, transport, and/or dispose of Solid Waste using the primary system pursuant to this Contract. The County shall not be responsible for additional costs related to the utilization of Alternative Facilities unless otherwise specified in this Contract. The Company shall be responsible for procuring the Alternative Facilities and any and all increases in costs, including, but not limited to, transportation costs, Disposal costs, and County capital and operational costs incurred due to the need for use of the Alternative Facilities. The plans shall include but not be limited to: (1) An inventory of Alternative Receiving Facilities, transportation facilities, and Disposal Sites; (2) A listing of financial and technical resources for the implementation of the plan; (3) A mobilization plan for each component of the alternative operations system; (4) Copies of any operating permits for Alternative Facilities and/or a timeline (to be updated annually) for receiving permits that have pending applications.
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Alternate Plan. The Alternate Plan is a defined contribution plan and is intended to meet the qualification requirements of Section 401(a) of the Internal Revenue Code of 1986. The university will make contributions to your account in the Alternate Plan. You will have the ability to direct the investment of your account among the Alternate Plan’s selected investment options. Benefits provided through the Alternate Plan are not the obligations of the State of Oklahoma but are the obligation of the university. The only benefit provided under the Alternate Plan is the vested portion of contributions (and investment earnings thereon) made to the Alternate Plan by the university. All contributions by the university are fully vested after two years of creditable service with the university.
Sample 1
Alternate Plan. For eligible employees the Alternate Plan provides a retirement benefit as follows: For credited service prior to August (if an employee transferred their credits in accordance with the reciprocal agreement), multiplied by the Member's Best Average Earnings (as defined in Clause of Section (definitions) of the employee pension plan text) multiplied by the Member's credited Service up to and including July less, multiplied by the Meniber's Average Monthly Maximum Pensionable Earnings multiplied by the Member's Credited Service on and after January up to and including July For credited service on or after August by the Member's Best Average Earnings (as defined in Clause of Section (definitions) of the employee pension plan text) multiplied by the Member's Credited Service on and after August less, multiplied by the Member's Average Monthly Maximum Pensionable Earnings multiplied by the Member's Credited Service on and after August Standard Plan For eligible employees the Standard Plan provides a retirement benefit as follows: for credited service prior to August (if an employee transferred their credits in accordance with the reciprocal agreement). multiplied by the Member's Best Average Earnings (as defined in Clause of Section (definitions) of the employee pension plan text) multiplied by the Member's Credited Service up to and including July less, by the Member's Average Monthly Maximum Pensionable Earnings multiplied by the Member's Credited Service on or after January up to and including For credited service on or after August multiplied by the Member's Best Average Earnings (as defined in Clause of Section (definitions) of the employee pension plan text) by the Member's Credited Service on or after August Both the Alternate and Standard Pension Plans provide for inflation indexing. The normal retirement age is age sixty-five (65) however an employee may retire without a penalty reduction as follows: at age providing the employee has two (2) years of service, as early as age fifty-five (55) providing the employee has thirty (30) years of service. Further information on the pension plans are provided in the Pension Plan Text, a current copy of which shall be provided to the Alliance.
Sample 1
Alternate Plan. For the alternate $2000/$4000 HDHP/HSA set forth in Section 15.1(c)(2), the employees will pay nine percent (9%) of the cost of medical and prescription insurance coverage effective July 1, 2016 and nine percent (9%) effective July 1, 2017. Effective July 1, 2018, the employees will pay ten percent (10%) of the cost of medical and prescription insurance coverage. The City shall contribute 50% of the deductible to the employee’s HSA.
Sample 1
Alternate Plan. During the term of the Agreement, the parties agree to meet and discuss alternative compensation plans which recognize individual skills and
Sample 1
Alternate Plan. An employee who elects to enroll in the alternate plan made available through the Town will not be required to contribute toward the premium costs for medical insurance coverage. Hired before 1-1-1996 - A regular full-time employee hired before January 1, 1996, will not be required to contribute toward the premium costs for medical insurance coverage.
Sample 1
Alternate Plan. Subsections 4, 5 and 6 of this section notwithstanding, any entity required to comply with this section may present an alternate plan that meets the purposes of this section as a means of complying herewith. Such alternate plans may include (a) the developer’s payment of a fee in lieu of land dedication that is based on the fair market value of land that has been graded and seeded and includes one-half the cost of typical public improvements based on the minimum one-hundred linear feet of frontage to a public street; or (b) the developer’s construction of park amenities or trails. It will be the burden of the entity presenting such plan to establish that such plan meets the purposes of this section. The Development Review Committee shall review such plan and make a recommendation to the City Council. Any alternate proposal must directly and proportionately benefit the development and must be approved by City Council in conjunction with the Preliminary Plat.
Sample 1
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Alternate Plan. For eligible employees the Alternate Plan provides a retirement benefit as follows: For credited service prior to August (if an employee transferred their credits in accordancewith the reciprocal agreement), multiplied by the Member's Best Average Earnings (as defined in Clause of Section (definitions) of the employee pension plan text) multiplied by the Member's credited Service up to and including July less, multiplied by the Member's Average Monthly Maximum Pensionable Earnings multiplied by the Member's Credited Service on and after January up to and including July For credited service on or after August multiplied by the Member's Best Average Earnings (as defined in Clause of Section (definitions) of the employee pension plan text) multiplied by the Member's Credited Service on and after August less, multiplied by the Member's Average Monthly Maximum Pensionable Earnings multiplied by the Credited Service on and after August For eligible employees the Standard Plan provides a retirement benefit as follows: for credited service prior to August (if an employee transferred their credits in accordance with the reciprocal agreement).
Sample 1

Related to Alternate Plan

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Supplemental Executive Retirement Plan The Executive will participate in the Rockland Trust Supplemental Executive Retirement Plan (“SERP”), a non-qualified plan on terms and conditions and with benefits comparable to those applicable and available to similarly situated executives of the Company.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Alternate RDOs (a) Where the Employer and a majority of the Employer’s Employees at an enterprise or job site agree, another day may be substituted for the scheduled RDO. (b) Wherever possible, such agreement will take place 5 working days prior to the change being implemented. (c) Where there is a dispute in relation to an alternate RDO and it is unable to be resolved at the workplace level, the matter may be determined in accordance with clause 11- Disputes Resolution Procedure of this Agreement.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Alternate Option If the dates designated by Developer are acceptable to Connecting Transmission Owner, the Connecting Transmission Owner shall so notify Developer and NYISO within thirty (30) Calendar Days, and shall assume responsibility for the design, procurement and construction of the Connecting Transmission Owner’s Attachment Facilities by the designated dates. If Connecting Transmission Owner subsequently fails to complete Connecting Transmission Owner’s Attachment Facilities by the In-Service Date, to the extent necessary to provide back feed power; or fails to complete System Upgrade Facilities or System Deliverability Upgrades by the Initial Synchronization Date to the extent necessary to allow for Trial Operation at full power output, unless other arrangements are made by the Developer and Connecting Transmission Owner for such Trial Operation; or fails to complete the System Upgrade Facilities and System Deliverability Upgrades by the Commercial Operation Date, as such dates are reflected in Appendix B hereto; Connecting Transmission Owner shall pay Developer liquidated damages in accordance with Article 5.3, Liquidated Damages, provided, however, the dates designated by Developer shall be extended day for day for each day that NYISO refuses to grant clearances to install equipment.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • Beneficiary Designation: Change The Executive shall designate a Beneficiary by completing and signing the Beneficiary Designation Form and delivering it to the Plan Administrator or its designated agent. The Executive’s Beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing, and otherwise complying with the terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures, as in effect from time to time. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled. The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator before the Executive’s death.

  • Supplemental Retirement Benefit The Executive will be entitled to receive a monthly Supplemental Retirement Benefit (the "Supplemental Retirement Benefit") commencing on the first day of the month coincident with or following the later of the Executive's termination of employment or attainment of age 60 and continuing for the remainder of his life. Unless otherwise elected by the Executive, the Supplemental Retirement Benefit shall be payable in the form of a 50% joint and survivor annuity which shall be unreduced for the actuarial value of the survivor's benefit. If the Executive's spouse at the time of his death is not more than four years younger than the Executive, the survivor benefit shall be equal to 50% of the Executive's benefit and shall be payable to his spouse for the remainder of the spouse's life. If the Executive's spouse at the time of his death is more than four years younger than the Executive, the benefit payable to the spouse shall be reduced to a benefit having the same actuarial value as the benefit that would have been payable had the spouse been four years younger than the Executive. The Executive shall also have the right to elect a 100% joint and survivor annuity, on an actuarially-reduced basis or a lump-sum payment, on an actuarially-reduced basis (if the Executive makes a timely lump-sum election which avoids constructive receipt), or any other form of payment available or provided under the "Supplemental Plans" defined in this Section 8. Actuarial reductions shall be based on the actual ages of the Executive and his spouse at the time of retirement. If the Executive is not married at the time of his retirement, actuarial adjustments shall be made as if the Executive had a spouse with the same date of birth as the Executive. In the event that the Executive elects a form of payment other than the automatic 50% joint and survivor annuity or other than a lump sum payment, and remarries subsequent to retirement, the benefits payable under this Section shall be actuarially adjusted at the time of the Executive's death to reflect the age of the subsequent spouse. If the Executive elects a lump sum payment at retirement, no further benefits will be payable under this Section. The amount of the monthly retirement benefit as an unreduced 50% joint and survivor annuity shall be equal to the product of (A) the "Service Percentage" multiplied by (B) the Executive's "Final Average Compensation," with such product reduced by (C) the total monthly amount of benefits (measured for purposes of this offset as if the Executive elected a 50% joint and survivor annuity payable as of the date benefits commence under this Agreement) provided to or in respect of the Executive under all tax-qualified retirement plans and related excess benefit and other benefit restoration plans maintained by the Company or the Bank for the Executive, including the Mellon Bank Benefit Restoration Plan and the Mellon Bank IRC Section 401(a)(17) Plan (the "Supplemental Plans") and benefits paid pursuant to Section 4.7 of the Mellon Financial Corporation Elective Deferred Compensation Plan for Senior Officers, but not including payments of any compensation previously deferred under any deferred compensation plan of the Company or the Bank, or interest thereon, or payments from the Mellon Financial Corporation Retirement Savings Plan, a 401(k) plan. The Executive owns interests in life insurance policies (the "Policies") as a participant in the Mellon Bank Senior Executive Life Insurance Plan. The Supplemental Retirement Benefit payable to the Executive hereunder shall be further reduced by the Executive's interest in the cash value of the Policies. This reduction shall be calculated in the same manner as under the Supplemental Plans. In the event the United States federal income tax laws change or are interpreted so as to cause Executive's ownership interests in Policies to be subject to taxation, the Executive and the Company will negotiate in good faith to mitigate the effects of such change. The Executive shall be vested in the Supplemental Retirement Benefit provided under this Paragraph as of February 1, 1998. The Executive shall elect the form of payment of his Supplemental Retirement Benefit at the same time and subject to the same provisions (including timing requirements and all reductions and/or penalties for late elections) as provided under the Supplemental Plans. After retirement, the Executive (or beneficiary who is receiving payments) may elect to receive his remaining Supplemental Retirement Benefits which are payable hereunder in a lump sum payment, calculated in the same manner and subject to the same reductions as under the Supplemental Plans. In the event that the Executive elects a form of payment of his Supplemental Retirement Benefits which provides for payments to continue after his death and the Executive dies without having received all payments of Supplemental Retirement Benefits that may be payable hereunder, then the unpaid balance of such benefits shall be paid in accordance with the form of payment elected by the Executive. Any such remaining payments shall be made to the Executive's beneficiary provided under the Supplemental Plans, subject to any contrary written instructions from the Executive designating a different beneficiary for such payments. The Executive may also elect, upon not less than 12 months' advance written notice, to have the payment of the Supplemental Retirement Benefit commence on the first day of any month coincident with or after the later of his termination of employment or attainment of age 55. In this event, the Supplemental Retirement Benefit will be subject to an early payment reduction amount equal to 0.5% per month (6% per annum) for each month that payments commence before attainment of age 60. In the event of such retirement, the Term and the Company's obligations to make payments under Section 4 above shall cease as of the retirement date. The Executive may also elect, upon not less than 12 months' advance written notice prior to the commencement of Supplemental Retirement Benefit payments, to have the lump sum value of the Supplemental Retirement Benefit to which the Executive would otherwise be entitled applied to the purchase of a single premium annuity in a form and from an issuer selected or concurred in by the Executive. In the event of such an election by the Executive, the sole responsibilities of the Company shall be to apply the amount of the lump sum value of the Supplemental Retirement Benefit to the purchase of the annuity selected or concurred in by the Executive and the distribution of such annuity to the Executive. Thereafter, the Executive shall look solely to the issuer of the annuity for payment on account of or in connection with the Supplemental Retirement Benefit and agrees that the Company and its affiliates, and each of their officers, directors and employees, shall have no further liability in respect of the Supplemental Retirement Benefit or by reason of the application of the lump sum value as elected by the Executive or the selection of the form or issuer of the annuity. Notwithstanding the foregoing, in no event shall the Executive receive any payments under this Section 8 or be deemed to be retired from the Company while the Executive is entitled to payments under Paragraph 6(a) or Paragraph 6(b) or during any period for which the Executive receives additional service credit in respect of a "Qualifying Termination" as provided in clause (B) of the definition of "Service Percentage" below. As used in this Section 8:

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