Amount of Allowance. (a) The amount of the Retirement Allowance payable in the form of a life annuity to a Member who retires under normal or early retirement under Article III, Retirement Allowance, of the Retirement Pension Plan shall be based on the Member’s age in years and completed in whole months, Job Title and Credited Service at Termination of Employment; and date of Termination of Employment, or Normal Retirement Date if earlier, determined from the attached tables, by multiplying the appropriate monthly benefit per year of service by the number of years of Credited Service, subject to the provisions contained in Article IV, Provisions Relating to Pension Agreements, of the Retirement Pension Plan.
(b) The amount of the Retirement Allowance payable in the form of a life annuity to a Member who is entitled to a Deferred Vested Early Retirement Allowance as defined in Section 1.12 of the Retirement Pension Plan shall be equal to the benefit determined in paragraph (a) above using the appropriate monthly benefit per year of service for a Member age 65 at the time of the Member’s Termination of Employment.
Amount of Allowance. An eligible individual shall receive a severance allowance according to the following schedule, with allowance of each week to be computed in accordance with the provisions of Section 5 of Article 12 relating
Amount of Allowance. A. Each year employees shall receive a uniform maintenance allowance, to be paid and taxed semiannually by check to each employee. The annual uniform maintenance allowance shall be one thousand dollars ($1,000). Upon promotion from Patrol to Sergeant, an employee shall receive a one-time stipend of one hundred dollars ($100.00) in uniform maintenance allowance. Any new clothing changes required by the Chief, independent of the uniform committee recommendation, shall be provided by the City at no cost to the employee.
B. The City will provide at no cost to the employee a III A Protection (under current NIJ Standards) “THOR” or equivalent protection (Taser Protection) vest; two vest carriers with choice of extended coverage. Detectives will be provided with a vest as per above and one vest carrier and one “Police” vest carrier.
Amount of Allowance. Effective June 1, 2007, the Government of Alberta has set the public sector allowance, for Fort XxXxxxxx, at One Thousand Forty Dollars ($1,040.00) per month (the Fort XxXxxxxx Allowance), for each eligible employee who works on a full-time, permanent basis. The Fort XxXxxxxx Allowance shall be pro-rated for eligible employees who work on a part- time basis. This amount is set on an annual basis by the Government of Alberta and is subject to change, as above described.
Amount of Allowance. An eligible individual shall receive a severance allowance according to the following schedule, with allowance of each week to be computed in accordance with the provisions of Section 5 of Article 12 relating to vacation pay. At the time of release if Your Benefit Service is You Are Entitled to Receive 4 to 5 years 4 weeks 5 to 6 years 5 weeks 6 to 7 years 6 weeks 7 to 8 years 7 weeks 8 to 9 years 8 weeks 9 to 10 years 9 weeks 10 years and over 10 weeks If you are covered under the ArcelorMittal Basic Life Insurance Plan (the “Basic Life Plan”) on the date that you are released, the Company will continue your basic life insurance benefits, as applicable, for the same number of weeks of salary which you are entitled to receive under the Plan. Notwithstanding any other provision of this Agreement, any severance allowance payable to an employee who is eligible for an immediate unreduced pension shall be reduced by (a) the present value of the incremental pension benefits as defined below, and (b) the value of retiree health benefits as determined in accordance with the provisions of the Age Discrimination in Employment Act of 1967, as amended. As used in the preceding sentence, “the present value of the incremental pension benefits” shall be understood to mean the present value of the difference between
(a) the total amount of pension payable to such employee prior to age 62; and (b) the portion of such pension not attributable to the occurrence of the contingent event of permanent closure. The interest rates used to determine present value shall be the PBGC rates for single life annuities in effect for the month in which severance allowance would otherwise be paid.
Amount of Allowance. A. The amount of the retirement payable in the form of a life annuity to a Covered Member who retires under normal or early retirement under Article 3, Retirement Allowance, of the Retirement Pension Plan shall be based on the Covered Member’s age in years and completed whole months, job classification and credited service at termination of employment; and date of termination of employment, or normal retirement date if earlier, determined from the attached tables, by multiplying the appropriate monthly benefit per year of service by the number of years of credited service, subject to the provisions contained in Article 4, Provisions Relating to Pension Agreements, of the Retirement Pension Plan.
B. The amount of the retirement allowance payable in the form of a life annuity to a Covered Member who is retired under a Special Early Retirement Allowance as defined in Section 1.56 of the Retirement Pension Plan shall be equal to the benefit determined in paragraph A. above using the appropriate monthly benefit per year of service for a Covered Member age 65 at the time of the Covered Member’s termination of employment, reduced by 5/24 of 1% for each month by which the Covered Member’s actual retirement date precedes his normal retirement date.
C. The amount of the retirement allowance payable in the form of a life annuity to a Covered Member who is entitled to a deferred vested early retirement allowance as defined in Section 1.16 of the Retirement Pension Plan shall be equal to the benefit determined in paragraph A. above using the appropriate monthly benefit per year of service for a Covered Member age 65 at the time of the Covered Member’s termination of employment.
D. The amount of the retirement allowance payable in the form of a life annuity to a Covered Member who is retired under Disability Retirement under Section 3.3 of the Retirement Pension Plan shall be equal to the benefit determined in paragraph
A. above using the appropriate monthly benefit per year of service for a Covered Member age 65 at the time of the Covered Member’s termination of employment.
E. Upon the death of a Covered Member described in Article 8, Spousal Allowance, of the Retirement Pension Plan prior to his normal retirement date or his retirement, whichever occurs first, an allowance shall be payable to and for the life of this surviving spouse, provided that he and said spouse have been married throughout the one-year period ending on the date of his death. The amount of the sp...
Amount of Allowance. The amount of the monthly allowance payable to an employee retired pursuant to the provisions of this Article VI shall be: A basic allowance determined by multiplying his years of credited service by the Basic Benefit Rate as set forth in the Pension Benefit Rates according to Article XV.
Amount of Allowance. The County agrees to make an annual payment to employees in regular positions on payroll in a paid status as of July 1 of each year in the bargaining units and classifications listed below in the amount specified.
Amount of Allowance. Subject to the terms and conditions of this Work Letter, Landlord shall pay to Tenant an amount not in excess of $5,288,300 (the "Tenant Improvement Allowance") on account of all construction costs, space planning and design fees, architecture and engineering fees, permit fees and construction management fees (including Landlord's construction management fee) incurred by Tenant in designing and constructing the Tenant Improvements in the Premises. In no event shall Tenant be entitled to any cash payment, credit, offset or other benefit whatsoever based on any excess of the Tenant Improvement Allowance over the actual costs of the construction and installation of the Tenant Improvements.
Amount of Allowance. With respect to the Fifth Floor Expansion Premises, Landlord agrees to provide to Tenant an allowance (the “Fifth Floor Expansion Allowance”) of twenty-four dollars ($24.00) per rentable square foot of the Fifth Floor Expansion Premises.
