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 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
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. 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
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. 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
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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

Related to Alternate Plan

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

  • 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).

  • 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.

  • 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.

  • Order of Benefit Determination Rules When a Member is covered by two or more plans, the rules for determining the order of benefit payments are as follows:

  • 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.

  • Leave Without Pay for Relocation of Spouse At the request of an employee, leave without pay for a period of up to one (1) year shall be granted to an employee whose spouse is permanently relocated and up to five (5) years to an employee whose spouse is temporarily relocated.

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