Change in benefit Sample Clauses

Change in benefit. In the event that subsequent legislative action at the federal or state level creates an obligation of the Employer to provide paid family or medical leave, the Employer shall have the right to renegotiate mid-contract the sick leave benefit set forth in Article 13. In the event that agreement is not reached through such renegotiation, the process set forth in subparagraph (d) of Section 3.3 may be invoked.
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Change in benefit. The Union agrees that the University can change the benefit plans and/or carriers for the benefits in Schedules to on prior notice to and discussion with the Union and provided the of benefits coverage is not diminished.
Sample 1
Change in benefit. The Union agrees that the University can change the benefit plans and/or carriers for the benefits in Schedule to “I” on prior notice to and discussion with the Union and provided the level of benefits coverage is not diminished. SCHEDULE I: Severance Pay Schedule of Severance Pay on Layoff Continuous Years Of Service At Date of Layoff a Severance Pay (weeks) Enhanced Severance Pay Effective Date of Layoff (weeks) SCHEDULE Holidays The parties agree to the following days of observance for the stated holidays: December Monday, December Tuesday, December Wednesday, December Thursday, December Friday, December Monday, December Tuesday, December Wednesday, December Thursday, January Friday, January December Monday, December Tuesday, December Wednesday, December Thursday, December Friday, December Monday, December Tuesday, December Wednesday, December Thursday, December Friday, January December Wednesday, December Thursday, December Friday, December Monday, December Tuesday, December Wednesday, December Thursday, December Friday, December Presidential Day Presidential Day Day Before Christmas Day Christmas Day Boxing Day Day of Closure Day of Closure Day Before New Year’s Day New Year’s Day Day of Closure Presidential Holiday Presidential Holiday Day of Closure Day Before Christmas Day Christmas Day Day in Lieu of Boxing Day Day of Closure Day of Closure Day Before New Year’s Day New Year’s Day Day of Closure Day in Lieu of Christmas Day Day before Christmas Day Day in Lieu of Boxing day Day of Closure Day of Closure Day in Lieu of New Year’s Day Day Before New Year’s Day Early Retirement Bridge Benefit outside of the Pension Plan Early Retirement Bridge Benefit outside of the Pension Plan Available to members who retire an Unreduced Early Retirement Pension under the Plan for retirements January up to and including June Member can elect, prior to retirement, to take the Bridge Benefit in form of; - A monthlypayment on the 28thof each month date of Retirement up to and including the month to member's 65th OR - A lump sum retiring allowance at the date of early retirement, tax shelteredto the extent possible under the provisions of the Income TaxAct Amount per year of continuous Lump Sum Amount available Retirement Date Monthly Completeyears of payments to age Years of ContinuousService Lump Sum Amount will be interpolated for partialyears. Furthermore, if under Actuarial Valuation as of July there is no Going Concern Unfunded Liability and no Solvency Deficienc...
Sample 1

Related to Change in benefit

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Severance Benefit If the Employee’s employment is terminated by the Company for any reason other than Cause (as defined below) or if the Employee terminates his/her employment for Good Reason (as defined below), the Company shall provide Employee with the following:

  • Lump Sum Compensation Lump sum computation refers to the method of payment under this Agreement for the professional services of the Consultant.

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • 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.

  • Salary Determination 12.5.1 A unit member shall receive a salary not less than the minimum salary nor more than the maximum salary (Articles 12.3 and 12.4) for the rank to which appointed, except as provided in Articles 4.15, 5.6, 10.6.1 or Article 10.6.1.1. The effective dates for salaries shall be the appropriate dates specified in Article 12.2.2.

  • Lump Sum Payment Upon award of the contract for this improvement, the LA will pay to the STATE, in lump sum, an amount equal to 80% of the LA’s estimated obligation incurred under this Agreement, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs. Method B - Monthly Payments. Upon award of the contract for this improvement, the LA will pay to the STATE, a specified amount each month for an estimated period of months, or until 80% of the LA’s estimated obligation under the provisions of the Agreement has been paid, and will pay to the STATE the remainder of the LA’s obligation (including any nonparticipating costs) in a lump sum, upon completion of the project based upon final costs.

  • Effect on Benefits a. Employees on Family and Medical Leave shall be covered by District Life Insurance Group Coverage and Hospital-Medical, Dental, Vision Group Coverage as though they were in active service.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

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