Definition of Plan Sample Clauses

Definition of Plan a. Effective July 1, 2008, employees who meet the eligibility requirements may participate in Career Transition Trust by converting the allowable number of accrued sick leave hours, at 100% of their daily rate of pay, into payments to the State of Minnesota Deferred Compensation Plan (457) or the then applicable 403 (b) Plan offered by the District. The Career Transition Trust Plan is an employer contribution, which allows for such conversion until the employee reaches the maximum-capped deposit for the tier of benefits. The number of hours, which may be converted, is based on the sick leave conversion hours on September 1st of the fiscal year the conversion will be made. b. Employees may elect to participate in the Career Transition Trust plan at any time they have met the eligibility requirements for participation in Subdivision 2. c. The total amount of dollars converted by an employee under the Career Transition Trust program is capped at $35,000. d. Any hours, which have been converted into the Career Transition Trust, will not be available for use as sick leave. e. Employees who resign and are subsequently reemployed by the District are not credited with their previous sick leave accrual hours.
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Definition of Plan. All employees hired prior to July 1, 2002 must elect the sick leave severance or Career Transition Trust (CTT) plan. The Employee Benefits Department will distribute election forms no later than May 28, 2002. All employees must submit their election form to the Employee Benefits Department no later than June 30, 2002. If election forms are not submitted for individual employees, the CTT option will be selected by default. The selection made by employees or default will be binding. All employees hired after July 1, of 2002 shall only be eligible for CTT.
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Definition of Plan. An employee who terminates their employment with the District at any age with at least 30 years of service or at the age of 55 or more with at least 15 years of service shall be paid fifty percent (50%) of their accrued sick leave balance at their rate of pay on the date of termination of employment. MERF employees are eligible after 29 years + 1 day of service. In order to be eligible for severance, the employee must be in good standing at the time of separation.
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Definition of Plan. All employees hired prior to July 1, 2002, must elect between sick leave severance or the Career Transition Trust (“CTT”). The Employee Benefits Department will distribute election forms no later than June 1, 2002. All employees must submit their election form to the Employees Benefits Department no later than June 30, 2002. If elections are not submitted for individual employees the CTT option will be selected by default. The selection made by employees or default will be binding. All employees hired after June 30, 2002, shall only be eligible for CTT. 18.1.1 Effective July 1, 2002, employees who meet the eligibility requirements may participate in CTT by converting the allowable number of accrued sick leave hours at one-hundred percent (100%) of their hourly rate of pay, into payments to the State of Minnesota Deferred Compensation Plan (457) or 403 (b) Plan offered through eligible providers selected by the District and the Union from the state of Minnesota approved list. The CTT Plan is an employer contribution which allows for such conversion until the employee reaches the maximum capped deposit for the tier of benefits. The number of hours which may be converted is based on the accrued sick leave hours on September 1st of the year the conversion will be made. 18.1.2 Employees may elect to participate in the CTT plan at any time they have met the eligibility requirements for participation in under this provision. 18.1.3 The total amount of dollars converted by an employee under the CTT program is capped at $10,000. 18.1.4 Any hours which have been converted into CTT will not be available for use as sick leave. 18.1.5 Employees who resign and subsequently are reemployed by the District are not credited with their previous sick leave accrual hours.
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Definition of Plan. All employees hired after July 1, 2001 shall only be eligible for Career Transition Trust. a. Effective July 1, 2001, employees who meet the eligibility requirements may participate in Career Transition Trust by converting the allowable number of accrued sick leave hours at 100% of their hourly rate of pay, into payments to the State of Minnesota Deferred Compensation Plan (457) or 403 (b) Plan offered through eligible providers selected by the District and the Union from the state of Minnesota approved list. The Career Transition Trust Plan is an employer contribution, which allows for such conversion until the employee reaches the maximum-capped deposit for the tier of benefits. The number of hours, which may be converted, is based on the accrued sick leave hours on September 1st of the year the conversion will be made. b. Employees may elect to participate in the Career Transition Trust plan at any time they have met the eligibility requirements for participation in 13.6.2. c. The total amount of dollars converted by an employee under the Career Transition Trust program is capped at $10,000. d. Any hours, which have been converted into the Career Transition Trust, will not be available for use as sick leave. e. Employees who resign and subsequently are reemployed by the District are not credited with their previous sick leave accrual hours.
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Definition of Plan. A new definition for the term "Plan" shall be added to Section 1.1 of the Indenture as follows:
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Definition of Plan. All employees hired after July 1, 2001 shall only be eligible for Career Transition Trust. a. Effective July 1, 2001, employees who meet the eligibility requirements may participate in Career Transition Trust by converting the allowable number of accrued sick leave hours at 100% of their hourly rate of pay, into payments to the State of Minnesota Deferred Compensation Plan (457) or 403 (b) Plan offered through eligible providers selected by the District and the Union from the state of Minnesota approved list. The Career Transition Trust Plan is an employer contribution, which allows for such conversion until the employee reaches the maximum-capped deposit for the tier of benefits. The number of hours, which may be converted, is based on the accrued sick leave hours on September 1st of the year the conversion will be made. b. Employees may elect to participate in the Career Transition Trust plan at any time they have met the eligibility requirements for participation in 13.6.
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Definition of Plan. The definition of "Plan" contained in Section 1.01 of the Credit Agreement is hereby deleted in its entirety.
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Definition of Plan 
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Related to Definition of Plan

  • Termination of Plan The Sponsor may terminate the Plan and the Trust with respect to all Employers by executing and delivering to the Committee and the Trustee, a notice of termination, specifying the date of termination.

  • Definition of the Terms “Business Day”, “Affiliate” and “Subsidiary”. For purposes of this Agreement, (a) “business day” means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close, and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities Act.

  • Incorporation of Plan Notwithstanding anything herein to the contrary, this Agreement shall be subject to and governed by all the terms and conditions of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this Agreement shall have the meaning specified in the Plan, unless a different meaning is specified herein.

  • Incorporation of Plan by Reference The Option is granted pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and the Option shall in all respects be interpreted in accordance with the Plan. The Committee shall interpret and construe the Plan and this instrument, and its interpretations and determinations shall be conclusive and binding on the parties hereto and any other person claiming an interest hereunder, with respect to any issue arising hereunder or thereunder.

  • Definition of Company Solely for purposes of this Article 6, the term "Company" also shall include any existing or future subsidiaries of the Company that are operating during the time periods described herein and any other entities that directly or indirectly, through one or more intermediaries, control, are controlled by or are under common control with the Company during the periods described herein.

  • Definition of Layoff A layoff shall be defined as a reduction in the work force or a reduction in the regular hours of work as defined in this Agreement.

  • Incorporation of Plan Provisions These Terms and Conditions and the Agreement are made pursuant to the Plan, the provisions of which are hereby incorporated by reference. Capitalized terms not otherwise defined herein shall have the meanings set forth for such terms in the Plan. In the event of a conflict between the terms of these Terms and Conditions and the Agreement and the Plan, the terms of the Plan shall govern.

  • Incorporation of Plan Terms This award is subject to the terms and conditions of the Plan. Such terms and conditions of the Plan are incorporated into and made a part of this Agreement by reference. In the event of any conflicts between the provisions of this Agreement and the terms of the Plan, the terms of the Plan will control. Capitalized terms used but not defined in this Agreement shall have the meanings set forth in the Plan unless the context clearly requires an alternative meaning.

  • Terms of Plan This Agreement is entered into pursuant to the Plan (a copy of which has been delivered to the Grantee). This Agreement is subject to all of the terms and provisions of the Plan, which are incorporated into this Agreement by reference, and the actions taken by the Committee pursuant to the Plan. In the event of a conflict between this Agreement and the Plan, the provisions of the Plan shall govern. All determinations by the Committee shall be in its sole discretion and shall be binding on the Company and the Grantee.

  • Definition of “Cause.” For all purposes under this Agreement, “Cause” shall mean:

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