Definition of Earnings. For the purposes of this Pension Plan, basic (gross) earnings is defined as the sum of the wages, disability income from Employer or Union sponsored disability plans such as Short Term Disability, Long Term Disability, income replacement, weekly indemnity, or similar plans, monthly Workers’ Compensation benefits, pay for shift differential, overtime pay, other premium allowances, and vacation pay.
Definition of Earnings. Annual earnings mean your regular earnings from your employer excluding commissions, bonuses, dividends, and overtime earnings. $100,000 $100,000 Reduces by 50% at age 65 The earlier of your retirement or age 70 50% of your Life Insurance Benefit
Definition of Earnings. The earnings of a Member for each contribution period shall be calculated as follows:
1) The number of straight time hours actually worked by the Member multiplied by the straight time hourly rate of pay, determined in accordance with the Collective Agreement, applicable to each such straight time hour actually worked, plus
2) The amount of vacation pay and statutory holiday pay received by the Member during the contribution period.
3) The number of straight time non-worked hours taken by the Member as scheduled ATO (as opposed to payout) during the contribution period multiplied by the straight time hourly rate of pay, determined in accordance with the Collective Agreement, applicable to each such straight time non-worked hour taken as scheduled ATO.
Definition of Earnings. Annual earnings mean your regular earnings from your employer excluding commissions, bonuses, dividends, and overtime earnings. $100,000 Reduces by 50% at age 65 The earlier of your retirement or age 70 For schedule of losses and other specific benefits, please see chapter no. 5.0 "Employee Accidental Death & Dismemberment". Life, AD&D, Optional Life, Extended Health Care, Dental Care, and Drug Plan Coverage are administered by: Sun Life Financial Address: 00 Xxxxxxxxx Xxxx Xxxxx Xxxxxxxx, XX X0X 0X0 Toll Free: 1-800-361-6212 Your regular contributions, by payroll deduction, are an amount equal to 1% or 2% of your annual earnings based on the employee’s T-4 for the previous year. Armada Toolworks will contribute on your behalf, an amount equal to your regular contributions. The employer contribution will be made once a year as a lump sum payment, on or about January 31st.
Definition of Earnings. The earnings of a Member for each contribution period shall be calculated as follows:
(1) The number of straight-time hours actually worked by the Member multiplied by the straight-time hourly rate of pay, determined in accordance with the Collective Agreement, applicable to each such straight-time hour actually worked, plus
(2) The amount of vacation pay and statutory holiday pay received by the Member during the contribution period.
(3) The number of straight-time non-worked hours taken by the Member as scheduled ATO (as opposed to payout) during the contribution period multiplied by the straight- time hourly rate of pay, determined in accordance with the Collective Agreement, applicable to each such straight-time non-worked hour taken as scheduled ATO.
C. The contributions shall be accompanied by a written report showing for each Member:
(i) the straight-time hours actually worked separately for each distinct hourly rate of pay which applied to such hours;
(ii) the straight-time hourly rate of pay applicable to each group of straight-time hours actually worked by the Member as described in i) above;
(iii) the results of multiplying the straight-time hours in i) by the rate in ii) above;
(iv) the straight-time non-worked hours taken as scheduled ATO separately for each distinct hourly rate of pay which applied to such hours;
(v) the straight-time hourly rate of pay applicable to each group of straight-time non- worked hours taken as scheduled ATO by the Member as described in iv) above;
(vi) the results of multiplying the hours in iv) by the rate(s) in v) above;
(vii) vacation pay received by the Member in the contribution period;
(viii) statutory holiday pay received by the Member in the contribution periods;
(ix) the sum of items iii), iv) and v);
(x) the amount of the Employer contributions payable; and
(xi) the amount of the Employee contribution payable. In addition, the Employer agrees to pay interest on all such contributions which are not postmarked or deposited within thirty (30) days of the last day of the contribution period, at the prime interest rate of the Bank of Canada, on a per annum basis, from the last day of the period. The applicable prime interest rate for the first six (6) months of any year will be the rate in effect on January 1st of that year and for the last six (6) months of any year at the rate in effect on July 1st. Each contribution period shall comprise not less than four (4) nor more than five (5) weeks.
D. The Employer a...
Definition of Earnings. For purposes of subsections 4.2 and 4.3 above, except as otherwise set forth, the aggregate "Earnings" of HRB Business Services accounting firm operations shall be net income as determined for the applicable market, region or nationality in accordance with GAAP; provided that such net income shall not include (a) Intercompany Interest; (b) provision for income taxes; or (c) indirect overhead costs not directly incurred by Old DMJK or New DMJK. Goodwill shall be amortized over a fifteen (15) year period and shall reduce net income for the purposes of computing Earnings under subsection 4.2, but shall not be deducted from net income for purposes of computing Earnings under subsection 4.3.
Definition of Earnings. The earnings of a Member for each contribution period shall be calculated as follows:
(1) The number of straight-time hours actually worked by the Member multiplied by the straight-time hourly rate of pay, determined in accordance with the Collective Agreement, applicable to each such straight-time hour actually worked, plus
(2) The amount of vacation pay and statutory holiday pay received by the Member during the contribution period.
(3) The number of straight-time non-worked hours taken by the Member as scheduled ATO (as opposed to payout) during the contribution period multiplied by the straight-time hourly rate of pay, determined in accordance with the Collective Agreement, applicable to each such straight-time non-worked hour taken as scheduled ATO.
Definition of Earnings. For purposes of calculating the Consideration Shares to be issued to Sellers under Subsections 3(b) and 3(c), the term "Earnings" shall mean the pre-tax profits of the Company, less the net profits allowance determined in accordance with the requirements of, and subject to the adjustments set forth in this subsection 3.1d. The parties agree that the Earnings of the Company shall be computed in the following manner:
Definition of Earnings. Effective January 1, 2000, "Earnings" shall be defined as base salary, Company observed and floating holiday pay, sick leave, vacation, short-term disability earnings, shift premiums, upgrade pay, overtime, annual incentive pay, plus any deferrals to 401(k) or 125 (Flexible Spending Account/Pre-tax Medical) plans. Earnings shall specifically exclude retention bonuses, severance pay, moving expenses, pay advances, service awards, meal allowances/reimbursements, certification awards, education reimbursements, cash-outs of sick leave and personal time pay, ineligible holiday pay, Union negotiations pay, imputed life insurance, tax gross-ups, unpaid family and medical leave, unpaid personal leave, banked compensation time, and customer service prizes. Eligible Earnings actually paid to the participant prior to termination of employment will be used to determine Final Average Earnings (FAE). FINAL AVERAGE EARNINGS. Final average earnings (FAE) are the highest 60 consecutive calendar months (5 years) during the last 120 months (10 years) of employment. If an employee can show proof of prior earnings resulting in a higher FAE [60 consecutive calendar months (5 years)], the Company will recognize those earnings ANNUITY OPTIONS. Single Life Annuity (SLA) and Joint & Survivor Annuity Options are available. Joint & Survivor Annuity Options are 50%, 75%, and 100%. The "automatic" benefit for married participants, in the absence of an election, is the 50% Joint and Survivor annuity. This option is to be decided by participant at time of retirement with a five-year "pop-up" provision.
Definition of Earnings. For all pension and other purposes the Parties agree that contributory earnings include all regular recurring including following: base wages or salary; regular vacation pay if is service; vacation pay Cor other-than-continuous full-time members. Include vacation hours credited service: retroactive pay (including any pay equity that fits with definition of earnings for ail including active, terminated, retired disabled lump wage or salary which vary year to year but a regular part of compensation package and are expected normally to occur payment based organizational value paid in addition to a base wage as a result market conditions, including retention bonuses if they are part of your ongoing and not a temporary policy); ongoing special allowances allowance, allowance); pay off in lieu danger pay; Definition of Earnings: (continued) e acting (pay at a salary rate acting in place of an absent person); for shift work); long service pay (extra pap for completing a number or years of service); to he or salary; e salary or wage for any illness) provided service is e.g., continuation of salary If the position and contributing to be registered pension plan (except the balance of the extension period service;
