Early retirement schemes Sample Clauses

Early retirement schemes. Costs related to: i. Early retirement schemes based on a collective agreement as defined in the Act relating to Labour Disputes (e.g. the early retirement scheme agreed between the Norwegian Confederation of Trade Unions and the Confederation of Norwegian Enterprise and other schemes for offshore personnel based on similar age), or ii. An early retirement scheme agreed as part of the employee’s employment terms and which does not form part of a restructuring process, or iii. Individual cases due to illness or labour disputes may be charged to the Services by the Technical Services Provider without any special discussions with the Operator. The Account shall be charged with a discounted non-recurring amount at the time when employment of the relevant employee(s) with the Operator is terminated. If the restructuring involves several of the Technical Services Provider 's joint operations including the Services, the costs shall be divided pro rata on the relevant joint operations’ joint accounts and the Account based on their relative share of the last 3 Years’ time writing.
Sample 1Sample 2Sample 3
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Early retirement schemes. Costs related to: i. Early retirement schemes based on a collective agreement as defined in the Act relating to Labour Disputes (e.g. the early retirement scheme agreed between the Norwegian Confederation of Trade Unions and the Confederation of Norwegian Enterprise and other schemes for offshore personnel based on similar age), or ii. An early retirement scheme agreed as part of the employee’s employment terms and which does not form part of a restructuring process, or iii. Individual cases due to illness or labour disputes may be charged to the Joint Account by the Operator without any special discussions in the management committee. The Joint Account shall be charged with a discounted non- recurring amount at the time when employment of the relevant employee(s) with the Operator is terminated. The costs shall be charged the Joint Operation involved. If the restructuring involves several of the Operator's Joint Operations, the costs shall be divided pro rata on the relevant Joint Operations’ Joint Accounts based on their relative share of the last 3 Years’ time writing.
Sample 1Sample 2
Early retirement schemes. Costs related to: Early retirement schemes based on a collective agreement as defined in the Act relating to Labour Disputes (e.g. the early retirement scheme agreed between the Norwegian Confederation of Trade Unions and the Confederation of Norwegian Enterprise and other schemes for offshore personnel based on similar age), or An early retirement scheme agreed as part of the employee’s employment terms and which does not form part of a restructuring process, or Individual cases due to illness or labour disputes may be charged to the Joint Account by the Operator without any special discussions in the management committee. The Joint Account shall be charged with a discounted nonrecurring amount at the time when employment of the relevant employee(s) with the Operator is terminated. The costs shall be charged the Joint Operation involved. If the restructuring involves several of the Operator's Unit Operations, the costs shall be divided pro rata on the relevant Joint Operations’ Joint Accounts based on their relative share of the last 3 Years’ time writing.
Sample 1
Early retirement schemes. Costs related to: early retirement schemes based on a collective agreement as defined in the Act of 27 January 2012, No. 9 relating to Labour Disputes, or an early retirement scheme agreed as part of the employee’s employment terms and which does not form part of a restructuring process, or individual cases due to illness or labour disputes may be charged to the Joint Account by the Operator without any special discussions in the management committee. The Joint Account shall be charged with a discounted non-recurring amount at the time when employment of the relevant employee(s) with the Operator is terminated. The costs shall be charged to the relevant Joint Operation. If the restructuring involves several of the Operator's Joint Operations, the costs shall be divided pro rata among the relevant Joint Operations’ Joint Accounts based on their relative share of the last 3 years’ time writing.
Sample 1
Early retirement schemes. The University may offer early retirement in accordance with voluntary early retirement schemes approved by the Australian Taxation Office, but reserves the right to reject an expression of interest in voluntary early retirement submitted by an individual staff member.
Sample 1

Related to Early retirement schemes

  • Early Retirement An employee entitled to twenty-five (25) or more days of annual vacation shall be entitled to defer up to five (5) days per year of vacation into an Early Retirement Bank. An employee entitled to thirty (30) or more days of annual vacation shall be entitled to defer up to ten (10) days per year of vacation into an Early Retirement Bank. Such deferred vacation may only be taken immediately prior to retirement. The Employer may, at its sole discretion, permit an employee to use such banked vacation under other circumstances.

  • Early Retirement Age The age set by the Employer in the Adoption Agreement, not less than age fifty-five (55), at which a Participant becomes fully vested and is eligible to retire and receive his or her benefits under the Plan.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • Early Retirement Date Early Retirement Date shall mean a retirement from employment which is effective prior to the Normal Retirement Age stated herein, provided the Executive has attained age sixty (60) with thirty (30) years of service with the bank.

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Early Retirement Benefit Upon Termination of Service prior to the Normal Retirement Age for reasons other than death, Change of Control or Disability, the Company shall pay to the Director the benefit described in this Section 4.2 in lieu of any other benefit under this Agreement.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

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