Eligibility for Benefit. In order to qualify for the long-term disability benefit confirmation is required that the employee is totally unable to work. The services of an independent agent will normally be contracted to do a claim investigation and comment on what action they would see as appropriate under the circumstances. This confirmation will be required to initiate benefit payments and will also be required on a periodic basis for the duration of the disability. The company reserves the right to have an approved agent examine, as often as may be reasonably required, an employee who is receiving this benefit.
Eligibility for Benefit. An employee entitled to leave under Article 12.3, who provides the College with proof that the employee has applied for and is eligible to receive unemployment insurance benefits pursuant to Sections 22 or 23, Employment Insurance Act, S.C. 1996, c.23, shall be paid an allowance in accordance with the Supplementary Unemployment Benefit Plan.
Eligibility for Benefit. An employee entitled to pregnancy and/or parental leave under Article 12.6, who provides the College with proof that the employee has applied for and is eligible to receive Employment Insurance (EI) benefits pursuant to Sections 22 or 23, Employment Insurance Act, S.C. 1996, c.23, as amended from time to time, shall be paid a top-up, an allowance in accordance with the Supplementary Unemployment Benefit Plan.
Eligibility for Benefit. You are eligible for the Benefit on the effective date of the Plan if you meet the requirements to be Covered on that date. Otherwise, you will become eligible for the Benefit on the first day after 30 consecutive calendar days in which you meet the Covered requirements and the Active Work requirements.
Eligibility for Benefit. As of October 28, 2009, the Corporation and the Employee entered into the Consolidated Split-Dollar Agreement. The Employee shall be entitled to receive the Deferred Bonus provided hereunder from the Corporation in the event that the Consolidated Split-Dollar Agreement is terminated as a result of a Change of Control in the Corporation. For purposes hereof, a “Change in Control” shall occur on the date of a change in control, within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, due to (i) one person, or more than one person acting as a group, acquiring ownership of stock of the Corporation constituting more than 50% of the total fair market value or total voting power of such stock, or (ii) a majority of the Corporation’s board of directors being replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the Corporation’s board of directors prior to the date of such appointment or election.
Eligibility for Benefit. As of November 1, 2002, the Corporation and the Employee entered into a Split-Dollar Agreement (collectively the “Split Dollar Agreement”). The Employee shall be entitled to receive the Deferred Bonus provided hereunder from the Corporation in the event that the Split-Dollar Agreement is terminated upon the six (6) year anniversary of the Split-Dollar Agreement.
Eligibility for Benefit. Upon the occurrence of a Distribution Event, the Company shall pay to the Key Employee or the Key Employee's Beneficiary, as applicable, the Benefit. The amount of the Benefit shall be increased by its share of Income (allocated on a daily basis) for the period that commences on the date such Distribution Event occurs and terminates on the date that the Benefit (and this additional Income) is distributed to the Key Employee in accordance with subparagraph 5.2 of this Agreement.
Eligibility for Benefit. As of the 1st day of November, 2002, the Corporation and the Employee entered into a Split-Dollar Agreement (the “Split-Dollar Agreement”). The Employee shall be entitled to receive the Deferred Bonus provided hereunder from the Corporation in the event that the Split-Dollar Agreement is terminated as a result of a Change of Control in the Corporation. For purposes hereof, a Change in Control shall occur at any time that the collective voting securities of the Corporation owned directly or indirectly by Jxxx Xxxxx Mas Holdings I Limited Partnership, Jxxxx Mas Holdings I Limited Partnership, Mas Family Foundation, Inc., a Florida not-for-profit corporation, Jxxx Xxxxxx Mas Holdings I Limited Partnership, Jxxxx L Mas Cxxxxx Holdings I Limited Partnership, and their respective ancestors and descendants are less than 38% of the outstanding voting securities of the Corporation.
Eligibility for Benefit. As of November 1, 2002, the Corporation and the Employee entered into a Split-Dollar Agreement (the “Split Dollar Agreement”). The Employee shall be entitled to receive the Deferred Bonus provided hereunder from the Corporation in the event that the Split-Dollar Agreement is terminated as a result of a Change of Control in the Corporation. For purposes hereof, a Change in Control shall occur on the date of a change in control, within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, due to (i) one person or more than one person acting as a group, acquiring ownership of stock of the Corporation constituting more than 50% of the total fair market value or total voting power of such stock, or (ii) a majority of the Corporation’s board of directors being replaced by a majority of the Corporation’s board of directors prior to the date of such appointment or election.
Eligibility for Benefit. If Employee retires or becomes Disabled on or after his Early Retirement Date, the Company shall make Early Retirement Payments to Employee, subject to the terms of this Section 3. For such Early Retirement Payments to be due and payable, Employee must have given the Secretary or any Assistant Secretary of the Company at least 90 days prior written notice of such early retirement, and such notice shall specify Employee's Early Retirement Date; provided, however, that if Employee is Disabled he shall not be required to give such notice, and his Early Retirement Payments automatically shall commence as of the later of (i) the date he becomes Disabled, or (ii) his Earliest Retirement Date.
