Benefits Programs. Members of the bargaining unit are eligible to participate in the College's benefits program including: • State Teachers Retirement System (STRS), or Alternate Retirement Plan (ARP) • Tuition Waiver • Tuition Reimbursement • Paid Holidays • Sick Leave/Personal Leave • Vacation • Health Insurance, Prescription Drug Plan, Dental Plan, and Vision Care Plan • Employee Assistance Plan • Short-Term Disability Plan • Group Life Insurance • Free Parking • Cash payment for Sick/Personal Leave • Payment for Unused Sick leave upon Retirement or other Leave Taking • Retirement and Residual Benefits • Family Leave • Health and Wellness Program
Benefits Programs. You will be eligible to participate in Stryker’s comprehensive package of benefits pursuant to the terms and conditions of the guiding benefits plans. As may be in effect from time to time, which currently includes the following: • Comprehensive health insurance plan including medical, dental, vision and prescription drug coverage; • Basic Term Life Insurance coverage, with supplemental coverage available at an additional cost; • Short-Term and Long-Term Disability coverage; • Opportunity to participate in discounted Stryker Stock Purchase Plan; • Stryker 401(k) Savings and Retirement Plan; • Stryker’s Supplemental Savings and Retirement Plan, in accordance with the terms of such plan subject to your start date and Stryker approval. • Company matching contributions – After the close of each year, Stryker currently matches all or a portion of your contributions according to Plan guidelines. Stryker currently contributes $.50 for every $1.00 you contribute, up to a maximum of 4% of your eligible earnings. Additionally, Stryker may contribute a percentage of your eligible earnings as a discretionary contribution. Historically, 7% of eligible earnings have been contributed. • More information about Xxxxxxx’x current benefits can be found in Stryker’s 2020 Benefits at a Glance at xxxxx://xxxxxxxxxxxx.xxxxxxx.xxx/- /media/Mercer/Stryker/Documents/2020_benefits_glance.ashx In addition, you will participate in Stryker benefits programs at the level of similarly situated Stryker executives, as determined by Stryker, subject to the terms and conditions of any applicable benefit policy, the applicable plan documents and the discretion of the Board or any administrative or other committee provided for under or contemplated by each plan. Please note that Stryker’s benefits are subject to change or modification, and may be discontinued, at the exclusive discretion of Stryker.
Benefits Programs. On the Merger Date, the Employee shall become fully vested in all awards theretofore granted to him and/or entitlements under the FHC 1990 Stock Option Plan and the FHC Supplemental Executive Retirement Plan (the "SERP"). If the Employee notifies the Company no later than the Merger Date that he elects to receive the SERP Amount (as defined below), on the later of the Merger Date or two business days after such notice is given, pursuant to and in full satisfaction of the Company's obligations to the Employee under the SERP, the Company shall pay to the Employee in a lump sum in cash $1,374,315 (the "SERP Amount"). The SERP Amount equals 90% of the actuarial equivalent of the Employee's Retirement Benefit (as defined in the SERP) as of December 31, 1996, as determined by FHC's independent actuarial firm, Millxxxx & Xobexxxxx, Xxc., using reasonable assumptions. If the SERP Amount is not paid, the terms of the SERP as in effect on the Merger Date shall remain in full force and effect; provided, however, that the actuarial equivalents for purposes of calculating lump sum payments under the SERP will be based on the 1983 group annuity mortality table blended 50% male and 50% female, and the average 30 year Treasury yield rate for the month prior to the month of the lump sum payment.
Benefits Programs. Buyer’s participation in Digital Angel’s health and other employee benefit plans and insurance programs, including medical, hospitalization, dental, vision, disability and life, as well as Buyer’s participation in the Digital Angel 401(k) Plan (the “DA Plan”), shall cease no later than January 1, 2009. Buyer and Digital Angel shall take all action necessary to spin-off the assets of the DA Plan attributable to employees of Buyer into a separate defined contribution plan (the “Spun-Off Plan”), the terms of which will be substantially identical to the DA Plan, as soon as practicable after Closing. No distribution of account balances shall be made to any employees of Buyer solely as a result of the transactions contemplated by this Agreement, including the cessation of Buyer’s status as a participating employer in the DA Plan.
Benefits Programs. Members of the bargaining unit are eligible to participate in the College's benefits program including: State Teachers Retirement System (STRS), or Alternate Retirement Plan (ARP) Tuition Waiver Tuition Reimbursement Sick Leave/Personal Leave Health Insurance, Prescription Drug Plan, Dental Plan, and Vision Care Plan Employee Assistance Plan Short-Term Disability Plan Group Life Insurance Free Parking Cash payment for Sick/Personal Leave Payment for Unused Sick leave upon Retirement or other Leave Taking Retirement and Residual Benefits Family Leave Health and Wellness Program
Benefits Programs. Effective on the Effective Date, Atari will make available to Atari Interactive, for the benefit of the Transition Personnel, Atari’s medical, insurance and 401k programs (the “Benefit Programs”). Atari will make the Benefits Programs available to and will administer such benefits on behalf of Atari Interactive for this purpose. If Atari is unable to administer such benefits on behalf of Atari Interactive, Atari shall provide written notice to Atari Interactive as soon as reasonably practicable after Atari affirmatively knows that it will be unable to administer or provide such benefits, provided that, such written notice shall never be less than the notice that Atari receives by virtue of the contracts concluded between itself and the relevant third parties. If Atari Interactive no longer wishes Atari to administer such benefits program, Atari Interactive shall provide 30 days written notice to Atari. The Parties shall coordinate an appropriate cut off and transfer date, upon which Atari Interactive shall be responsible for providing the Transition Personnel with comparable benefits as provided in the Benefits Programs. Atari Interactive agrees to reimburse Atari for any costs, expenses or fees that Atari may incur as a result of making such Benefits Programs available to Atari Interactive for the Transition Personnel. Atari Interactive and IESA hereby release, hold harmless and shall indemnify Atari for such costs, expenses, obligations and other liabilities asserted by the Transition Employees with regard to the Benefits Programs after the Effective Date.
Benefits Programs. In addition, you will be entitled to participate in the Company’s comprehensive benefits programs at the level of similarly situated senior executive employees, subject to the terms and conditions of any applicable benefit policy or plan document. Subject to the terms of the plans and applicable law, such benefits currently include among other things: comprehensive health insurance plan and 20 days of vacation annually, which will be accrued per pay period, based on date of hire. Your participation will be subject to the terms of the applicable plan documents and applicable Company policies, and any other restrictions or limitations imposed by law. The Company reserves the right to amend, modify, cancel or terminate the benefit plans and programs it offers to its employees at any time.
Benefits Programs. On the Merger Date, the Employee shall become fully vested in all awards theretofore granted to him and/or entitlements under the FHC 1990 Stock Option Plan and the FHC Supplemental Executive Retirement Plan (the "SERP"). If the Employee notifies the Company no later than the Merger Date that he elects to receive the SERP Amount (as defined below), on the later of the Merger Date or two business days after such notice is given, pursuant to and in full satisfaction of the Company's obligations to the Employee under the SERP, the Company shall pay to the Employee in a lump sum in cash $3,640,385 (the "SERP Amount"). The SERP Amount equals 90% of the actuarial equivalent of the Employee's Retirement Benefit (as defined in the SERP) as of December 31, 1996, as determined by FHC's
Benefits Programs. 7 2.9 Currency Exchange Fluctation Protection .....................7 2.10 Tax Equalization Policy .....................................8 2.11
Benefits Programs. For certain administrative purposes relating to the participation in certain benefits programs administered by BCI and/or the BCI Group Companies, each Secondee will maintain a contractual relationship with BCI. To the extent any Secondee is covered by the benefits programs referred to in the preceding sentence, BCI shall identify to Megatel such programs and Megatel shall not be required to provide such or substantially similar benefits to such Secondee.
