Calculation of Auxiliary STIIP Benefits Sample Clauses

Calculation of Auxiliary STIIP Benefits. Auxiliary STIIP benefits will be calculated pursuant to Clause 31.12(e) of the Main Public Service Agreement. The terms of this Memorandum of Agreement shall come into force and effect on April 1, 2012, except as otherwise specified. 1. Where the Employer determines that: (a) A full-time regular Warehouse Worker 3 position is required; any full-time regular Warehouse Worker 3 working on another shift will be given the opportunity to fill the position. The Warehouse Worker 3 with the most service seniority will be awarded the position. The subsequent vacancy will again be offered to Warehouse Worker 3 employees working on another shift and awarded on the basis of service seniority. If no full-time regular Warehouse expresses an interest in the vacancy, the vacancy will be posted and filled through the competition process outlined in Article 12 of the Main Public Service Agreement. (b) A full-time regular Warehouse Worker 2 position is required; any full-time regular Warehouse Worker 2 working on another shift will be given the opportunity to fill the position. The Warehouse Worker 2 with the most service seniority will be awarded the position. The subsequent vacancy will again be offered to Warehouse Worker 2 employees working on another shift and awarded on the basis of service seniority. If no full-time regular Warehouse Worker 2 expresses an interest in the vacancy, the vacancy will be offered, in order of service seniority, to regular part-time Warehouse Worker 2 employees, prior to posting. 2. Where there are multiple vacancies, the Employer shall offer shift changes by expression of interest at least once annually for the classification of Warehouse Worker 2 and Warehouse Worker 3.
Sample 1
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Calculation of Auxiliary STIIP Benefits. Auxiliary STIIP benefits will be calculated pursuant to Clause 31.12(e) of the Master Agreement. 1. Future vacancies at the Warehouse Worker 3 level after the date of the signing of this Memorandum of Agreement will be posted and filled through the regular competition process outlined in Article 12 of the Master Agreement. Future vacancies will be posted by shift requirement (e.g., day shift; afternoon shift or night shift). Warehouse Worker 3s who wish to move to another shift would be required to apply and be successful through the competition process to change shifts. 2. Movement between shifts will be based on service seniority. Where a full-time Warehouse Worker 2 vacancy becomes available in the future, the most senior full-time regular Warehouse Worker 2 or full-time regular Warehouse Worker 3 working on another shift will be given the first opportunity to fill the vacant position. When a Warehouse Worker 3 elects to fill a vacant Warehouse Worker 2 position, he or she will be deemed to have taken a voluntary demotion. This resulting vacancy will then be posted and filled by competition.
Sample 1
Calculation of Auxiliary STIIP Benefits. Auxiliary STIIP benefits will be calculated pursuant to Clause 31.12(e) of the Master Agreement. The terms of this Memorandum of Agreement shall come into force and effect on April 1, 2012, except as otherwise specified. The parties have agreed to the following amendments to the 15th Retail Stores and Warehouse Component Agreement: 1. Future vacancies at the Warehouse Worker 3 level after the date of the signing of this Memorandum of Agreement will be posted and filled through the regular competition process outlined in Article 12 of the Master Agreement. Future vacancies will be posted by shift requirement (e.g., day shift; afternoon shift or night shift). Warehouse Worker 3s who wish to move to another shift would be required to apply and be successful through the competition process to change shifts. 2. Movement between shifts will be based on service seniority. Where a full-time Warehouse Worker 2 vacancy becomes available in the future, the most senior full-time regular Warehouse Worker 2 or full-time regular Warehouse Worker 3 working on another shift will be given the first opportunity to fill the vacant position. When a Warehouse Worker 3 elects to fill a vacant Warehouse Worker 2
Sample 1

Related to Calculation of Auxiliary STIIP Benefits

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

  • Rollovers of Settlement Payments From Bankrupt Airlines If you are a qualified airline employee who has received a qualified airline settlement payment from a commercial airline carrier under the approval of an order of a federal bankruptcy court in a case filed after September 11, 2001, and before January 1, 2007, you are allowed to roll over any portion of the proceeds into your Xxxx XXX within 180 days after receipt of such amount, or by a later date if extended by federal law. For further detailed information and effective dates you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Certain Termination Benefits Unless otherwise specifically provided in this Agreement or otherwise required by law, all compensation and benefits payable to Executive under this Agreement shall terminate on the date of termination of Executive’s employment under this Agreement. Notwithstanding the foregoing, in the event of termination of Executive’s employment with the Company pursuant to Section 5(c) or Section 5(d) above, the Company shall provide to Executive the following termination benefits (“Termination Benefits”): (i) continuation of salary at a rate equal to one-hundred (100%) of Executive’s Base Salary as in effect on the date of termination for a period of twelve months (payment shall be subject to withholding under applicable law and shall be made in periodic installments in accordance with the Company’s usual payroll practice for executive officers of the Company as in effect from time to time) with the first payment starting on the first payroll date that occurs 30 days after the Termination Date; (ii) provided Executive elects and remains eligible for the continuation of group health plan benefits pursuant to 29 U.S.C. § 1161 et seq. (commonly known as “COBRA”), the Company will pay with the cost of the regular premium for such benefits shared in the same relative proportion by the Company and Executive as in effect on the date of termination from the date of termination until the earlier of: (1) twelve months after the date of termination, or (2) the date Executive is no longer eligible for COBRA; and (iii) payment of the bonus that the Executive would have been entitled to receive under the bonus or other performance plan referred to in Section 3(b) had his employment not been terminated, prorated based on the number of days the Executive was employed by the Company during the relevant bonus period. Such payment shall be made to the Executive at the time bonuses under such plan are generally paid to other participants but in no event later than March 15 of the calendar year following the termination date. The Company shall have the right to terminate all of the Termination Benefits set forth in Section 5(e)(i) and Section 5(e)(ii) in the event that Executive fails to comply in any material respect with Executive’s Continuing Obligations under this Agreement. Notwithstanding the foregoing, nothing in this Section 5(e) shall be construed to affect Executive’s right to receive COBRA continuation entirely at Executive’s own cost to the extent that Executive may continue to be entitled to COBRA continuation after Executive’s right to cost sharing under Section 5(e)(ii) ceases. The Company and Executive agree that the Termination Benefits paid by the Company to Executive under this Section 5(e) shall be in full satisfaction, compromise and release of any claims arising exclusively out of any termination of Executive’s employment pursuant to Section 5(c) or Section 5(d), and that the payment of the Termination Benefits shall be contingent upon Executive’s delivery of a separation agreement in a form satisfactory to the Company that shall include a general release of claims in favor of the Company and related persons and entities (“Release Agreement”), it being understood that no Termination Benefits shall be provided unless and until such Release agreement becomes fully effective.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Distribution of Benefits Members of this unit with at least one year of the service to the District may apply for a number of days consistent with a one-for-one match of their individual sick leave accumulation as of the end of the previous contract year brought forward to the year of the onset of disability. The combined benefit of accumulated personal sick leave and disability bank leave may not exceed one hundred-eighty days and may carry over from one contract year to another. Employees with less than one full year of service in the District will not be require to contribute one of their individual accumulated sick leave days to the disability bank. The Board reviews the right to request re-application and documentation from anyone requesting more than forty (40) days from the pool. Any benefits will be minus other insurance coverage (i.e. worker’s compensation, social security, etc.).

  • Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of three

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • Lump Sum Severance Payment Payment of a lump sum amount equal to twelve (12) months of Executive’s then-current Base Salary plus the Pro Rated Bonus, less all customary and required taxes and employment-related deductions, paid on the first payroll date following the date on which the Release required by Paragraph 4(g) becomes effective and non-revocable, but not after seventy (70) days following the effective date of termination from employment.

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