Credit Unit Cancellation on Payment of Regular Benefits Sample Clauses

Credit Unit Cancellation on Payment of Regular Benefits. (a) The number of Credit Units to be cancelled for any Regular Benefit shall be determined in accordance with the following Table: (b) Provided, however, that no Credit Units shall be cancelled when an Employee receives a Levelling Week Benefit. (c) If an Employee receives a reinstated Accident and Sickness Benefit paid under the Insurance Program with respect to any Week, there shall be cancelled the number of Credit Units which would have been cancelled if he/she had received a Regular Benefit for such Week. If an Employee receives such reinstated Accident and Sickness Benefit for a portion of a Week, and does not receive a Regular Benefit with respect to any part of such Week, only one-half the number of such Credit Units shall be
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Credit Unit Cancellation on Payment of Regular Benefits. (a) The number of Credit Units to be cancelled for any Regular Benefit shall be determined in accordance with (1) Table A if such Benefit is payable for a Week beginning before October 2, 2006, (2) Table B if such Benefit is payable for a Week beginning on or after October 2, 2006 but before January 1, 2007, (3) Table C if such Benefit is payable for a Week beginning on or after January 1, 2007 but before January 1, 2008 or (4) Table D if such Benefit is payable for a Week beginning on or after January 1, 2008; provided, however, that, for purposes of such table, Seniority for an Employee who breaks Seniority during a Week by reason of death or of retirement under the Retirement Plan established by agreement between Company and the union shall be his/her Seniority as of the date his/her Seniority is broken for such reason: (For Weeks Beginning Prior to October 2, 2006) If the CUCB * And as of the last day of the Week for which such Benefit applicable to the is paid to the Employee his/her Years of Seniority are: Week for which a Benefit is paid is: The Credit Units to be Cancelled shall be: 1 to 5 Years 5 Years & Over $1,771.23 or more 1.00 1.00 1,582.02 - 1,771.23 1.00 1.00 1,395.42 - 1,582.01 1.11 1.00 1,203.94 - 1,395.41 1.25 1.00 1,020.29 - 1,203.93 1.43 1.00 831.71 - 1,020.28 1.67 1.00 639.82 - 831.70 2.00 1.00 457.86 - 639.81 2.50 1.00 270.62 - 457.85 3.33 1.00 83.38 - 270.61 5.00 1.00 Under 83.38 No Benefit Payable 1.00 (For Weeks Beginning On Or After October 2, 2006 and Before January 1, 2007) If the CUCB * And as of the last day of the Week for which such Benefit applicable to the is paid to the Employee his/her Years of Seniority are: Week for which a Benefit is paid is: The Credit Units to be Cancelled shall be: 1 to 5 Years 5 Years & over $1,806.66 or more 1.00 1.00 1,613.66 - 1,806.65 1.00 1.00 1,423.33 - 1,613.65 1.11 1.00 1,228.02 - 1,423.32 1.25 1.00 1,040.70 - 1,228.01 1.43 1.00 848.34 - 1,040.69 1.67 1.00 652.62 - 848.33 2.00 1.00 467.02 - 652.61 2.50 1.00 276.03 - 467.01 3.33 1.00 85.05 - 276.02 5.00 1.00 Under - 85.05 No Benefit Payable 1.00
Sample 1
Credit Unit Cancellation on Payment of Regular Benefits. (a) The number of Credit Units to be cancelled for any Regular Benefit shall be determined in accordance with the following Table: If the ASL Utilization Percentage applicable to the Week for which a Benefit is paid is: And as the last day of the Week for which such Benefit is paid, the Employee's Years of Seniority are: 1* to 5 Years*** 5 Years and Over The Credit Units to be cancelled shall be:** * Employee hired on or after September 17, 2008 and prior to October 1, 2012 must have 3 years ** No Credit Units shall be cancelled when an Employee receives a Regular Benefit payable with respect to a Levelling Week. *** Employee hired on or after October 1, 2012 must have 6 years (b) If an Employee receives a Sickness and Accident Benefit paid in accordance with Article III, Section 7 of the Supplemental Agreement (Group Life and Disability Insurance Program) with respect to any Week, there shall be cancelled the number of Credit Units which would have been cancelled if the Employee had received a Regular Benefit for such Week. If an Employee receives such Sickness and Accident Benefit for a portion of a Week, and does not receive a Regular Benefit with respect to any part of such Week, only one half the number of such Credit Units shall be cancelled for the Sickness and Accident Benefit. If an
Sample 1
Credit Unit Cancellation on Payment of Regular Benefits. (a) The number of Credit Units to be cancelled for any Regular Benefit shall be determined in accordance with Table A if such Benefit is payable for a Week beginning on or after September 24, 2012; provided, however, that, for purposes of such table, Continuous Service for an Employee who breaks Seniority during a Week by reason of death or retirement under the provisions of any Company pension or retirement benefit plan shall be the Continuous Service as of the date Seniority is broken for such reason:
Sample 1

Related to Credit Unit Cancellation on Payment of Regular Benefits

  • Regular Benefits The Executive shall also be entitled to participate in any and all employee benefit plans, medical insurance plans, life insurance plans, disability income plans, retirement plans, bonus incentive plans and other benefit plans from time to time in effect for senior executives of the Employer. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of the Employer and (iii) the discretion of the Board of Directors of the Employer or any administrative or other committee provided for in or contemplated by such plan.

  • 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.

  • 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.).

  • Total Payments to Other Dist & Govt Units Tuition (In State) 2500 2600 2600 2900 2000 3000 4000 4100 4200 4300 4000 5000 5100 5200 5000 6000

  • Payment in Lieu of Benefits a) All employees not transferred to the Trust who received pay in lieu of benefits under a collective agreement in effect as of August 31, 2014, shall continue to receive the same benefit.

  • 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.

  • Payment of Benefits All or part of the contract benefits may be paid under one or more of the following: - a variable payment plan; - a fixed payment plan; or - in cash. The provisions and rate for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.

  • Distributions Upon Income Inclusion Under Section 409A of the Code Upon the inclusion of any portion of the benefits payable pursuant to this Agreement into the Executive’s income as a result of the failure of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered by the Executive’s vested accrued liability, a distribution shall be made as soon as is administratively practicable following the discovery of the plan failure.

  • Are There Penalties for Early Distribution from a Xxxx XXX As indicated above, earnings on your contributions, as well as amounts contributed to a Xxxx XXX as a rollover from a Traditional IRA, that are distributed before certain events are subject to various taxes. Please see IRS Publication 590 for further information about Xxxx XXX rules and restrictions.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

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