DISABILITY AND RETIREMENT BENEFITS Sample Clauses

DISABILITY AND RETIREMENT BENEFITS. The Secretary shall be covered and governed by the same retirement system as are all other employees. Retirement contributions shall be paid as required by the retirement system’s plan documents. The City agrees to provide a stipend to the Secretary equivalent to the Secretary’s contribution required by TMRS. Such stipend shall include the salary and other benefits treated as compensation for TMRS purposes. The Secretary shall be eligible for the same disability plan as all other employees of the City. In the event of a disability, the Secretary shall be entitled to the use of accrued leave benefits pursuant to City policy in the same manner as other employees of the City. If Secretary is permanently disabled or is otherwise unable to perform Secretary’s duties because of sickness, accident, injury, mental incapacity or health for a period of four (4) successive weeks beyond any leave available under the Family Medical Leave Act, if any, City shall have the option to terminate this Agreement, without being subject to the severance pay requirements of Section XIII.
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DISABILITY AND RETIREMENT BENEFITS. Perkins shall be entitled to participate in retirement benefit plaxx xxx disability insurance plans now existing or established hereafter, with the same coverage and terms as provided to executives of the Facility, as such coverage and terms may change from time to time.
Sample 1
DISABILITY AND RETIREMENT BENEFITS. (a) In the event of the disability of Executive, the Institution shall continue to pay Executive the compensation provided by this Agreement during the period of his disability. In the event Executive is disabled for a continuous period exceeding 12 calendar months, the Institution may, at its election, terminate this Agreement; provided, however, the last 6 months of such 12-month period shall constitute the "elimination period" for benefit determination under the Institution's Long-Term Disability Plan. As used in this Agreement, the term "disability" shall mean the complete and permanent inability of Executive to perform his duties under this Agreement as determined by an independent physician selected with the approval of the Institution and Executive. If, in the opinion of said physician, there is a reasonable prognosis of recovery, this Agreement may not be terminated by the Holding Company pursuant to this Section 6.
Sample 1
DISABILITY AND RETIREMENT BENEFITS. The City shall provide the City Manager with the same retirement benefits as those provided to non-civil service city employees. Retirement contributions shall be covered and governed by the same retirement system as all other employees. The City shall also contribute to the City Manager's Retirement Plan up to the statutory annual deferral limit allowed by the City's 457 Plan (or any substitute plan). The City Manager may elect to pay any "Catch-Up" Limit allowed by the City's 457 Plan (or any substitute plan) out of his own salary provided that such election is made in accordance with the Plan's requirements. If the City Manager voluntarily or involuntarily retires or is permanently disabled during the term of the contract, the City Manager shall be compensated for all sick and annual leave, then accrued or credited to the City Manager.
Sample 1

Related to DISABILITY AND RETIREMENT BENEFITS

  • Normal Retirement Benefits A Participant shall be entitled to receive the balance held in his or her account upon attaining his or her Normal Retirement Age or at such earlier dates as the provisions of this Article VI may permit. If a Participant elects to continue working past his or her Normal Retirement Age, he or she will continue as an active Participant. Unless the Employer elects otherwise in the Adoption Agreement, distribution shall be made to such Participant at his or her request prior to his or her actual retirement. Distribution shall be made in the normal form, or if elected, in one of the optional forms of payment provided below.

  • 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.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Employment Benefits In addition to the Salary payable to the Executive hereunder, the Executive shall be entitled to the following benefits:

  • Disability Benefits Technology Errors and Omissions Not less than $1,000,000 each claim Not less than $2,000,000 in aggregate At the time of the first transaction with an Authorized User and updated in accordance with Contract Crime Insurance Not less than $50,000 Lot 3 Insurance Type Proof of Coverage is Due Commercial General Liability Not less than $5,000,000 each occurrence Updated in accordance with Contract General Aggregate $2,000,000 Products – Completed Operations Aggregate $2,000,000 Personal and Advertising Injury $1,000,000 Business Automobile Liability Insurance Not less than $5,000,000 each occurrence Workers’ Compensation

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