Benefits Plan and Pension Plan Sample Clauses

Benefits Plan and Pension Plan. The Employer will make contributions for Benefits Plan and Pension Plans in such amounts and under such conditions as set forth in Schedule "A" forming part of this Agreement.
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Benefits Plan and Pension Plan. The Employer will make contributions for Benefits Plan and Pension Plan in such amounts and under such conditions as are set forth in the Schedule forming part of this Agreement. Employer contributions to the Pension Plan will be pro-rated for Trainees/Apprentices based on the corresponding percentage of their classification.
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Benefits Plan and Pension Plan. Effective May 1, 2013 the Employer shall make contributions at the rate of two dollars ($2.25) per hour for which wages are earned hereunder to each employee within the scope of this Agreement to the Operating Engineers' Benefits Plan. The Benefits Plan contribution shall be increased as follows: Effective May 1, 2014 $2.30 per hour Effective May 1, 2015 $2.35 per hour This contribution will be based on hours earned, i.e. double time = double contributions. Effective May 1, 2013 the Employer shall make contributions at the rate of six dollars ($6.00) per hour for which wages are earned hereunder to each employee within the scope of this Agreement to the Operating Engineers' Pension Plan. The pension plan contribution shall be increased as follows: Effective May 1, 2014 $6.25 per hour Effective May 1, 2015 $6.50 per hour This contribution will be based on hours earned, i.e. double time = double contributions. The Operating Engineers' Benefits Plan and Pension Plan shall be controlled by a Board of Trustees composed of eight (8) representatives designated by the Union. The Employer agrees to be bound by the terms of the Trust Agreement. The Employer is required to report on the forms provided by the Benefits Plan and Pension Plan. Contributions must be forwarded by the Employer to the Operating Engineers' Benefits Plan and Pension Plan by the fifteenth (15th) day of the month following that which contributions cover. In the event an Employer fails to remit contributions to this Plan, in conformity with this section of the Agreement, the Union is free to take any economic action it deems necessary against such Employer, and such action shall not be considered a violation of this Agreement. The Member Representative of Local 115 may inspect, during regular business hours, an Employer's record of time worked by employees and contributions made to the Plan. Payments to the Benefits Plan and Pension Plan shall be made by cheque, payable at par at Burnaby, Province of British Columbia, to the Operating Engineers' Benefits Plan and Pension Plan. Other personnel of the Employers party to this Agreement may become Associate Members as provided for in the Trust Agreement and will be subject to the regulations as provided by the Trustees from time to time. Benefits which will be provided under this Plan are as follows: (a) Medical surgical benefits; (b) Weekly Indemnity benefits for non-occupational sickness and accident; (c) Pension Plan; and (d) such additional benef...
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Benefits Plan and Pension Plan. Effective September 1, 2004 the Employer shall make contributions at the rate of one dollar and eighty-two cents ($1.82) per hour for which wages are earned hereunder to each employee within the scope of this Agreement to the Operating Engineers' Benefits Plan. This contribution will be based on hours earned, i.e. double time = double contributions.
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Benefits Plan and Pension Plan. The Employer shall make contributions at the rate of two dollars and fifty cents ($2.50) per hour worked by each Employee within the scope of this Agreement to the Operating Engineers' Benefits Plan. Effective May 01, 2017, this contribution shall increase to two dollars and fifty-five cents ($2.55) per hour worked. Effective May 01, 2018, this contribution shall increase to two dollars and sixty cents ($2.60) per hour worked. Effective April 01, 2019, this contribution shall increase to two dollars and seventy cents ($2.70) per hour worked. The Employer shall make contributions at the rate of six dollars and twenty-five cents ($6.25) per hour earned by each Employee within the scope of this Agreement to the Operating Engineers' Pension Plan. The Operating Engineers' Benefits Plan and Pension Plan shall be controlled by a Board of Trustees composed of eight (8) representatives designated by the Union. The Employer agrees to be bound by the terms of the Trust Agreement. The Employer is required to report on the forms provided by the Benefits Plan and Pension Plan. Contributions must be forwarded by the Employer to the Operating Engineers' Benefits Plan and Pension Plan by the fifteenth (15th) day of the month following that which contributions cover.
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Benefits Plan and Pension Plan. The Employer shall make contributions at the rate of two dollars and fifty cents ($2.50) per hour worked by each Employee within the scope of this Agreement to the Operating Engineers' Benefits Plan. Effective May 01, 2017, this contribution shall increase to two dollars and fifty-five cents ($2.55) per hour worked. Effective May 01, 2018, this contribution shall increase to two dollars and sixty cents ($2.60) per hour worked. Effective April 01, 2019, this contribution shall increase to two dollars and seventy cents ($2.70) per hour worked. The Employer shall make contributions at the rate of six dollars and fifteen cents ($6.15) per hour worked by each Employee within the scope of this Agreement to the Operating Engineers' Pension Plan. The Operating Engineers' Benefits Plan and Pension Plan shall be controlled by a Board of Trustees composed of eight (8) representatives designated by the Union. The Employer agrees to be bound by the terms of the Trust Agreement. The Employer is required to report on the forms provided by the Benefits Plan and Pension Plan. Contributions must be forwarded by the Employer to the Operating Engineers' Benefits Plan and Pension Plan by the fifteenth (15th) day of the month following that which contributions cover. In the event an Employer fails to remit contributions to this Plan, in conformity with this Section of the Agreement, the Union is free to take any economic action it deems necessary against such Employer, and such action shall not be considered a violation of this Agreement.
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Benefits Plan and Pension Plan. The Employer will make contributions for Benefits Plan and Pension Plans in such amounts and under such conditions as set forth in Schedule "A" forming part of this Agreement. The Unions, in consultation with the administrator, board of trustees, actuary, and consultants of the Pension Plan and Benefits/Health & Welfare Plan (the “Plans”) may, in the best interest of the Plans’ participants and beneficiaries, reapportion between the Plans those contributions received from Employers in respect of the Plans, as provided for in the appendix/schedule of contributions.
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Benefits Plan and Pension Plan. Effective January 1, 2001, the Employer shall make contributions at the rate of one dollar and eighty-five cents ($1.85) per hour for which wages are earned hereunder by each employee within the scope of this Agreement to the Operating Engineers' Benefits Plan. This contribution will be based on hours earned, i.e., time and one-half or double the contribution rate for overtime hours. The Employer shall make contributions at the rate of three dollars ($3.00) per hour for which wages are earned hereunder by each employee within the scope of this Agreement to the Operating Engineers' Pension Plan. This contribution will be based on hours earned, i.e., time and one-half or double the contribution rate for overtime hours.
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Related to Benefits Plan and Pension Plan

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Benefits Plans During the Employment Period, You will be eligible to participate in all benefit plans in effect for executives and employees of the Company, subject to the terms and conditions of such plans.

  • 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.

  • 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.

  • SERP Executive is a participant in the BB&T Corporation Non-Qualified Defined Benefit Plan (the “SERP”). The SERP was formerly known as the Branch Banking and Trust Company Supplemental Executive Retirement Plan. The SERP is a non-qualified, unfunded supplemental retirement plan which provides benefits to or on behalf of selected key management employees. The benefits provided under the SERP supplement the retirement and survivor benefits payable from the Pension Plan. Except in the event the employment of Executive is terminated by the Employer or BB&T for Just Cause and except in the event Executive terminates Executive’s employment for any reason other than Good Reason and such termination does not occur within twelve (12) months after a Change of Control (or, if later, within ninety (90) days after a MOE Revocation), the following special provisions shall apply for purposes of this Agreement: (i) The provisions of the SERP shall be and hereby are incorporated in this Agreement. The SERP, as applied to Executive, may not be terminated, modified or amended without the express written consent of Executive. Thus, any amendment or modification to the SERP or the termination of the SERP shall be ineffective as to Executive unless Executive consents in writing to such termination, modification or amendment. The Supplemental Pension Benefit (as defined in the SERP) of Executive shall not be adversely affected because of any modification, amendment or termination of the SERP. In the event of any conflict between the terms of this Section 1.7.7(i) and the SERP, the provisions of this Section 1.7.7 (i) shall prevail. Executive hereby agrees and consents to Employer’s amendment of the SERP to comply with Section 409A.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

  • Retirement and Welfare Benefits During the Term, the Executive shall be eligible to participate in the Company’s health, life insurance, long-term disability, retirement and welfare benefit plans, and programs available to similarly-situated employees of the Company, pursuant to their respective terms and conditions. Nothing in this Agreement shall preclude the Company or any Affiliate (as defined below) of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

  • 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.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Fringe Benefits and Perquisites During the Employment Term, the Executive shall be entitled to fringe benefits and perquisites consistent with those provided to similarly situated executives of the Company.

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