Discretionary Benefits. 6.1 From time to time the Company may decide to offer Executive Management and Executive Committee Bonus Schemes and make bonus payments under them at its discretion. The terms of any such Schemes will be advised to eligible employees at the time that they are made available.
6.2 These benefits do not form part of your contractual terms. Whether the Board may grant, vary or withdraw any or all is within its absolute discretion.
Discretionary Benefits. Where DBFM Co (or a relevant Service Provider) is an Admission Body, DBFM Co shall (and/or shall procure that any relevant Service Provider shall) award benefits (where permitted) to the Pensionable Authority Employees under the LGPS (Compensation) Regulations and/or the LGPS Regulations in circumstances where the Pensionable Authority Employees would have received such benefits had they still been employed by the Authority. Where the award of benefits in Clause 26.18 is not permitted under the LGPS (Compensation) Regulations and/or the LGPS Regulations or where DBFM Co (and/or a relevant Service Provider) is not an Admission Body, DBFM Co shall (and/or shall procure that any relevant Service Provider shall) award benefits to the Pensionable Authority Employees which are no less favourable than the benefits the Pensionable Authority Employees would have received under the LGPS (Compensation) Regulations and/or the LGPS in circumstances where the Pensionable Authority Employees would have received such benefits had they still been employed by the Authority. Where under Clauses 26.18 and 26.19 such benefits are of a discretionary nature, they shall be awarded on the basis of the Authority's written policy in relation to such benefits at the time of the Relevant Service Transfer Date (which the Authority shall provide upon request). Where the payment of such benefits is not, for whatever reason, possible, DBFM Co shall (and/or shall procure that any relevant Service Provider shall) compensate the Pensionable Authority Employees in a manner which is broadly comparable or equivalent in cash terms.13
Discretionary Benefits. 22.1. Where the Concessionaire or a Sub-Concessionaire is an Admission Body, the Concessionaire shall and/or shall procure that any relevant Sub-Concessionaire shall award benefits (where permitted) to the Eligible Employees under the Compensation Regulations and the LGPS in circumstances where the Eligible Employees would have received such benefits had they still been employed by the Council.
22.2. Where the award of benefits in paragraph 22.1 is not permitted under the Compensation Regulations and/or the LGPS, or the Concessionaire and/or the Sub-Concessionaire is not an Admission Body, the Concessionaire shall and/or shall procure that any Sub-Concessionaire shall award benefits to the Eligible Employees which are identical to the benefits the Eligible Employees would have received under the Compensation Regulations and/or the LGPS in circumstances where the Eligible Employees would have received such benefits had they still been employed by the Council.
22.3. Under paragraphs 22.1 and 22.2, where such benefits are of a discretionary nature, they shall be awarded on the basis of the Council's written policy in relation to such benefits at the time of the Relevant Transfer Date (which the Council shall provide upon request). Where the payment of such benefits is not, for whatever reason, possible, the Concessionaire shall and/or shall procure that any relevant Sub-Concessionaire shall compensate the Eligible Employees in a manner which is broadly comparable or equivalent in cash terms.
Discretionary Benefits. Where the Contractor or a Sub-Contractor is an Admission Body, the Contractor shall and/or shall procure that any relevant Sub-Contractor shall award benefits (where permitted) to the Eligible Employees under the Compensation Regulations and/or the LGPS in circumstances where the Eligible Employees would have received such benefits had they still been employed by the Authority. Where the award of benefits in paragraph 3.A.9.1 is not permitted under the [Compensation Regulations and/or] the LPGS or the Contractor and/or a Sub-Contractor is not an Admission Body, the Contractor shall and/or shall procure that any Sub-Contractor shall award benefits to the Eligible Employees which are identical to the benefits the Eligible Employees would have received under the Compensation Regulations and/or the LGPS in circumstances where the Eligible Employees would have received such benefits had they still been employed by the Authority. Under paragraph 3.A.9.1 and 3.A.9.2, where such benefits are of a discretionary nature, they shall be awarded on the basis of the Authority’s written policy in relation to such benefits at the time of the Relevant Transfer Date (which the Authority shall provide upon request). Where the payment of such benefits is not, for whatever reason, possible, the Contractor shall and/or shall procure that any relevant Sub-Contractor or Secondary Contractor shall compensate the Eligible Employees in a manner which is broadly comparable or equivalent in cash terms. The Contractor hereby indemnifies the Authority and/or any Future Service Provider and, in each case, their sub-contractors from and against all Direct Losses suffered or incurred by it or them which arise from claims by Eligible Employees of the Contractor and/or of any Sub-Contractor or by any trade unions, elected employee representatives or staff associations in respect of all or any such Eligible Employees which losses: relate to pension rights in respect of periods of employment on and after the Relevant Transfer Date until the date of termination or expiry of this Contract; or arise out of the failure of the Contractor and/or any relevant Sub-Contractor or Secondary Contractor to comply with the provisions of this paragraph 3.A before the date of termination or expiry of this Contract.
Discretionary Benefits. Those discretionary employment-related benefits set forth in this Agreement.
Discretionary Benefits. 6.1 The Company shall make sure that the Sole Director will keep the following discretionary benefits: · Life Assurance: The Company will provide life assurance cover equivalent to 4 times the amount of the Sole Director’s basic annual salary; · Medical Insurance: The Sole Director has joined the Company’s International Medical Insurance Plan through CIGNA. Full family cover will remain available;
Discretionary Benefits. Where the Contractor or a Sub-Contractor is an Admission Body, the Contractor shall and/or shall procure that any relevant Sub-Contractor shall award benefits (where permitted) to the Eligible Employees under the Compensation Regulations and/or the LGPS in circumstances where the Eligible Employees would have received such benefits had they still been employed by the Authority; and
Discretionary Benefits. Where the Supplier and/or any of its Sub-contractors is an LGPS Admission Body, the Supplier shall (and procure that its Sub-contractors shall) comply with its obligations under regulation 60 of the 2013 Regulations in relation to the preparation of a discretionary policy statement.
Discretionary Benefits. Discretionary Benefits in the amount of $500.00 per member will be paid by YCH for specified educational or other uses approved by YCH.
Discretionary Benefits. Pension: You will be eligible to join the Norwich Union Stakeholder Pension Scheme with immediate effect. It is a contributory scheme and is not contracted out of the State scheme. The Company will contribute 15% of your basic annual salary on the condition that your contribution equates to a minimum of 2.5% of your basic salary.
