Benefits to Employees a. A direct communication system shall be installed in elementary and secondary school classrooms wherever possible and appropriate within budgetary constraints.
Benefits to Employees. The period of leave counts as pensionable service and the employee’s position is guaranteed on his/her return to work. In the event that an employee participating in SFL is declared surplus prior to or on return from leave, the House of Commons policy would apply and such employees will be considered for new vacancies and retrained and redeployed accordingly. As deposits with a financial institution are subject to tax deferral, the reduction in take home pay could be considerably smaller than the deposit itself, based on the employee’s tax bracket. The Employer and the Professional Institute of the Public Service of Canada agree that the provisions of this plan shall form part of the Collective Agreement and is subject to any modifications made to the Income Tax Act and Regulations.
Benefits to Employees. (a) It is the current intention of MidSouth to retain all of the employees of Bank, but nothing herein shall be construed as giving any person any right of employment with any party or with Bank or MidSouth. From and after the Effective Date, MidSouth will, until December 31, 2004, maintain all current benefits to employees of Seller in effect on the date hereof, and shall begin a transition which will after December 31, 2004 result in providing to all persons who are employees of Bank the same employee benefits provided to the employees of MidSouth or its subsidiary bank (including benefits under profit sharing, stock bonus, 401(k) or other retirement plans, flexible benefit, vacation, severance and sick leave plans or medical, dental or life insurance policies), except that (i) there shall be no waiting period for coverage under any of such plans and no employee shall be denied benefits under such plans for a pre-existing condition, (ii) full credit shall be given for prior service by such employees with Seller or Bank for eligibility and vesting and benefit purposes, (iii) MidSouth will for two years from the Effective date continue to provide to Mx. Xxxxx XxXxxxx an automobile, including expenses for gas and oil, maintenance, insurance and other like expenses of operation, (iv) on or before the Closing Date the Bank will permit the purchase, at fair market value on the Bank’s books, the automobiles currently used by Messrs. Zajonc, Riley, Pace and Mx. Xxx and at the same time increase such person’s salaries by $450 per month, and (v) if and when the vacation policy of MidSouth reduces the vacation time of the Bank’s employees, the Bank (or MidSouth Bank after the Merger) will make an upward salary adjustment aggregating no more than $4,800 to such employees. With respect to the Bank’s profit sharing plan (“Bank PSP”), the Bank PSP will be merged into the MidSouth PSP or that of its subsidiary bank and the employees of Bank will be entitled to participate in that plan as soon as possible. MidSouth will ensure that certain protected rights, benefits and features in the Bank PSP will be carried over to the MidSouth PSP to the extent required by ERISA and the code. MidSouth will pay all amounts due to Lxxxxx Xxxx, Txx Xxxxxx, Dxxxx Xxxxx, Txxxxx Xxxxx, Jxx Xxxxx, Wxxxx Xxxx, Lxxxx Xxxxxxxx and Cxxxxx Xxxxxxxx, pursuant to each respective person’s current change in control agreements. During the six-month period following the Effective Time, if MidSouth ter...
Benefits to Employees. Providing opportunities to individuals who may have an interest in changing their career path. This allows both the individual and the NHS Organisation to assess their suitability for such a change. • Providing an opportunity to meet development needs agreed between the employee and line manager, and which may have been identified through the PADR process. • Providing an opportunity to experience work which could contribute to personal and career development. • Providing an opportunity for staff to experience a different culture and different ways of working.
Benefits to Employees. Yurie shall, or shall cause the Surviving Corporation to, (i) offer employment to each Data Labs employee listed on Schedule 7.3(j) hereto, at the rate of pay and level of service (in years) listed on Schedule 7.3(j) and (ii) provide each such employee with Yurie's standard employee benefits package effective as of January 1, 1998, and, with the administrative assistance of Data Labs, make arrangements for such employees Data Labs benefits to remain effective until such date that Yurie's benefits package becomes effective. Yurie will take any and all steps necessary to make Yurie's 401(k) Plan available for the benefit of Data Labs' employees listed on Schedule 7.3(j), effective January 1, 1998. Any Data Labs employee not listed on Schedule 7.3(j) shall receive cash severance benefits equivalent to two weeks' pay at the employee's current rate of base pay.
Benefits to Employees. The period of leave counts as pensionable service and employee’s position is guaranteed on return to work. In the event that an employee participating in be declared surplus prior to or on return from leave, the Workforce Adjustment Policy would apply and such an employee would be considered for new vacancies and retrained and redeployed accordingly. As deposits with a financial institution are subject to tax deferral, the reduction in take home pay could be considerably smaller than the deposit itself, based of course on the employer’s tax bracket. The employer and the Public Service Alliance of Canada agree that the provisions of this plan shall form part of the Collective Agreement and is subject to any modifications made to the Income Tax and Regulations. APPENDIX D MEMORANDUM OF AGREEMENT BETWEEN THE COMMUNICATIONS SECURITY ESTABLISHMENT AND THE PUBLIC SERVICE ALLIANCE OF CANADA Banked Time At the request of an employee and with the prior approval of management, an employee may elect to work in excess of the normal hours of work as specified in clause and accumulate these extra hours on a straight-time basis to a maximum of thirty seven and one-half (37 hours as banked time credits to be taken as time off. Such accumulation of extra hours shall be on productive work and worked in thirty (30) minute periods. Accumulated banked time credits will be as time off with pay at times agreed to by the employee and management. The time off may be taken on a casual or on a prearranged schedule covering two three (3) or four (4) calendar weeks. The maximum of banked time credits to be taken at any one time may not exceed three (3) consecutive days. An employee shall be required to accumulate sufficient banked time credits prior to taking time offpursuant to sub-clause There will be no administrative advance of credits. Banked time shall not be converted to payment in cash at any time. Reporting and reconciliation of extra hours worked and subsequent paid time off shall be agreed between the employee and management. SIGNED AT OTTAWA, this day of the month of THE COMMUNICATIONS SECURITY ESTABLISHMENT Xxxxx Xxxxxxx Xxx THE PUBLIC SERVICE ALLIANCE OF CANADA Xxxx Xxxx Xxxxxxxx Potential for AS as to Table offer harmonization with AS. IS and Pay increments are a Prepared by Xxxxxx Potential for AS as to Table offer harmonization with AS. IS and Pay increments are and Prepared by Xxxxxx m m a a V
Benefits to Employees. The period of leave counts as pensionable service and the employee's position is guaranteed on his return to work. * modified 86 - In the event that an employee participating in DSL be declared surplus prior to or on return from leave, the Senate policy would apply and such employees will be considered for new vacancies and retrained and redeployed accordingly. - As deposits with a financial institution are subject to tax deferral, the reduction in take- home pay could be considerable smaller than the deposit itself, based of course on the employee's tax bracket. The Employer and the Professional Institute of the Public Service of Canada agree that the provisions of thus shall be subject to any modifications made to the Income Tax Act and Regulations. 87 * modified APPENDIX “E” MEMORANDUM OF AGREEMENT
Benefits to Employees. (a) The Purchaser agrees to cause the Company to continue the existing incentive bonus programs as set forth in SECTION 5.12(a) of the Disclosure Schedule through December 31, 1997.
Benefits to Employees. 20. The implementation of the Maintenance Employee Model □MEM□ provides a number of benefits to current and future employees of EnergyAustralia NSW.
Benefits to Employees. As soon as practicable after the Effective Time, IBKC shall seek to provide the employees of AHB and the Bank who remain employed after the Effective Time (collectively, the “Transferred Bank Employees”) with similar types and levels of employee benefits maintained by IBKC and IBERIABANK for their similarly situated employees, based upon functional responsibilities. The Transferred Bank Employees shall be given credit under each employee benefit plan, policy, program and arrangement maintained by IBKC and IBERIABANK after the Closing for their service with AHB and the Bank (including American Bank prior to the merger of American Bank into the Bank) prior to the Closing for all purposes, including severance, vacation and sick leave, including eligibility to participate, vesting, satisfying any waiting periods, evidence of insurability requirements, seniority or the application of any pre-existing condition limitations, other than benefit accrual under a defined benefit plan (as defined in Section 3(35) of ERISA); provided, however, that accrued vacation taken subsequent to the Effective Time may be subject to such limitations as IBKC and IBERIABANK may reasonably require. Upon IBKC’s request, AHB shall terminate its 401(k) Plan prior to the Effective Time. Any employee of AHB at the Effective Time who is not retained by IBKC shall receive a severance payment as if he or she were an employee of IBKC for the entire time he or she was an employee of AHB.
