Eligibility for Severance Allowance Sample Clauses

Eligibility for Severance Allowance. A regular employee leaving the employ of the Employer shall be entitled to receive severance allowance as calculated in Articles 54.02 and 54.03 providing that the employee falls into one of the following categories: A) Employees with ten (10) years’ service, who voluntarily leave the Employer’s work force after their fifty-fifth (55th) birthday. B) Employees with ten (10) years of service whose services are no longer required by the Employer (closure of Employer’s operations, job redundancy, etc.), except employees dismissed for cause. a) Employees enrolled under the provisions of the Pension (Municipal) Act or Pension (Public Service) Act, as applicable, who are required to retire from the Employer’s work force because of a medical disability as defined under the provisions of the Pension (Municipal) Act or Pension (Public Service) Act, as applicable. b) Employees who are not enrolled under the Pension (Municipal) Act or Pension (Public Service) Act who are required to retire from the Employer’s work force because of a medical disability of a like nature to those defined under the provisions of the Pension (Municipal) Act; such medical disability to be determined by a board of medical practitioners established in a like manner to that provided for under the provisions of the Pension (Municipal) Act. D) Employees with ten (10) years of service who die in service. E) Eligibility for severance allowance is not dependent upon participation in, or contribution to, the Municipal Superannuation Plan.
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Eligibility for Severance Allowance. A regular employee leaving the employ of the Employer shall be entitled to receive severance allowance as calculated in Articles 55.02 and
Eligibility for Severance Allowance. A regular employee leaving the employ of the Employer shall be entitled to receive severance allowance as calculated in Articles 59.02 and 59.03 providing that the employee falls into one of the following categories: A) Employees with twelve (12) years’ service, who voluntarily leave the Employer’s work force after their 57th birthday. B) Employees with ten (10) years of service whose services are no longer required by the Employer (closure of Employer’s operations, job redundancy, etc.), except employees dismissed for cause. C) Employees enrolled under the provisions of the Municipal Pension Plan Rules or Public Sector Pension Plans Act, as applicable, who are required to retire from the Employer’s work force because of a medical disability as defined under the provisions of the Municipal Pension Plan Rules or Public Sector Pension Plans Act, as applicable. D) Employees who are not enrolled under the Municipal Pension Plan Rules or Public Sector Pension Plans Act who are required to retire from the Employer’s work force because of a medical disability of a like nature to those defined under the provisions of the Municipal Pension Plan Rules; such medical disability to be determined by a board of medical practitioners established in a like manner to that provided for under the provisions of the Municipal Pension Plan Rules. E) Employees with ten (10) years of service who die in service. F) Eligibility for severance allowance is not dependent upon participation in, or contribution to, the Municipal Superannuation Plan.
Eligibility for Severance Allowance. A regular employee leaving the employ of the site shall be entitled to receive severance allowance as calculated in Articles 52.02 and 52.03 providing that the employee falls into one of the following categories: A) Employees with ten (10) years of service who of their own volition leave the site work force after their fifty-fifth (55th) birthday. B) Effective August 1, 2005, employees with ten (10) years of service whose services are no longer required by the Employer (closure of Employer’s operations, job redundancy, etc.) except employees discharged for cause. i) Employees enrolled under the provisions of the Pension (Municipal) Act who are required to retire from the site work force because of a medical disability of a like nature to those defined under the provisions of the Pension (Municipal) Act. ii) Employees who are not enrolled under the Pension (Municipal) Act who are required to retire from the site work force because of a medical disability of a like nature to those defined under the provisions of the Pension (Municipal) Act; such medical disability to be determined by a board of medical practitioners established in a like manner to that provided for under the provisions of the Pension (Municipal) Act. D) Employees with ten (10) years of service who die in service. E) Eligibility for severance allowance is not dependent upon participation in, or contribution to, the Municipal Superannuation Plan.
Eligibility for Severance Allowance. A regular employee leaving the employ of the site shall be entitled to receive severance allowance as calculated in Articles 51.02 and 51.03 providing that the employee falls into one of the following categories: Employees with ten (10) years of service who of their own volition leave the site work force after their fifty-fifth (55th) birthday. Effective August 1, 2005, employees with ten (10) years of service whose services are no longer required by the Employer (closure of Employer’s operations, job redundancy, etc.) except employees discharged for cause. i) Employees who are required to retire from the site work force because of a medical disability of a like nature to those defined under the provisions of the Pension (Municipal) Act; such medical disability to be determined by a board of medical practitioners established in a like manner to that provided for under the provisions of the Pension (Municipal)
Eligibility for Severance Allowance. Despite any other provision of this Collective Agreement, a person hired by the EHSC after the effective date of this Collective Agreement who was formerly employed by TCM Telecare Management Inc. and was offered a position by the EHSC and exercised that person’s right to refuse the job offer from the EHSC and subsequently received severance from TCM under the terms of the Provincial Collective Agreement between HEABC and the Nurses’ Bargaining Association will only receive service and seniority credit for time worked in a BCNU certification after the date of severance from TCM. A regular employee leaving the employ of the Employer shall be entitled to receive severance allowance as calculated in Articles 54.02 and 54.03 providing that the employee falls into one of the following categories: (A) Employees with ten (10) years' service, who voluntarily leave the Employer's work force after their fifty-fifth (55th) birthday. (B) Employees with ten (10) years of service whose services are no longer required by the Employer (closure of Employer's operations, job redundancy, etc.), except employees dismissed for cause. (1) Employees enrolled under the provisions of the Pension (Municipal) Act or Pension (Public Service) Act, as applicable, who are required to retire from the Employer's work force because of a medical disability as defined under the provisions of the Pension (Municipal) Act or Pension (Public Service) Act, as applicable. (2) Employees who are not enrolled under the Pension (Municipal) Act or Pension (Public Service) Act who are required to retire from the Employer's work force because of a medical disability of a like nature to those defined under the provisions of the Pension (Municipal) Act; such medical disability to be determined by a board of medical practitioners established in a like manner to that provided for under the provisions of the Pension (Municipal) Act. (D) Employees with ten (10) years of service who die in service. (E) Eligibility for severance allowance is not dependent upon participation in, or contribution to, the Municipal Superannuation Plan.

Related to Eligibility for Severance Allowance

  • Severance Allowance A laid-off employee shall be entitled to severance allowance pursuant to Article 55.

  • Severance Pay 19.01 Under the following circumstances and subject to clause 19.02, an employee shall receive severance benefits calculated on the basis of his weekly rate of pay:

  • Severance Benefits If during the term of this Agreement the Executive leaves the employment of the Companies for Good Reason, as explained in Section 4 of this Agreement, and the Executive signs the release (the "Release") that is attached to and incorporated in this Agreement, the Executive shall receive the following benefits (the "Severance Benefits"): (a) An amount equal to the Executive's annual base salary. The "annual base salary" of the Executive shall be defined as the Executive's base rate of compensation in effect as of the Date of Termination, but in no event less than the Executive's base rate of compensation in effect as of the end of the last calendar quarter preceding the Date of Termination; (b) An amount equal to the average annual incentive award(s) or bonus(es) paid to Executive in each of the three complete calendar years prior to the Date of Termination (but not including in such average calendar year 2000) or, if shorter, in each of the complete calendar years during the Executive's entire period of employment with the Companies. The "annual incentive award(s) or bonus(es)" shall mean the sum of (i) amount of cash awards or bonuses, plus (ii) the value of stock awards, in each case accrued by the Companies for the account of the Executive as performance based compensation (whether or not deferred) during the applicable year. The value of stock awarded to the Executive shall be calculated based on the value of the stock as of the date the stock was awarded to the Executive as annual incentive compensation. Notwithstanding the foregoing, the Executive's actual total annual incentive awards or bonuses shall be calculated excluding the value of options to purchase stock which may have been awarded to the Executive; (c) Payment of the Executive's monthly COBRA premiums for continued health and dental insurance coverage for the shorter of the following: (i) 12 months after the Date of Termination; (ii) until the Executive no longer has coverage under COBRA; or (iii) until the Executive becomes eligible for substantially similar coverage under a subsequent employer's group health plan; and (d) Outplacement services that are customary to Executive's position. Subject to the delivery of the executed Release by Executive, the severance benefits described in subparagraphs (a) and (b) above shall be paid in cash or good funds in equal monthly installments during the period that the covenants set forth in Section 7 shall be in effect commencing on the first day of the calendar month that occurs thirty (30) days after the Date of Termination; provided that the obligation of the Companies to pay such severance benefits to the Executive shall be subject to termination under the provisions of Section 7 hereof in the event the Executive should violate the covenants set forth therein; and provided further that the payment of such severance benefits shall be accelerated and payable in lump sum by the Companies upon a breach of this Agreement as a result of the failure of a successor (herein defined) to assume this Agreement as required in Section 9 of this Agreement. The Companies shall withhold from any amounts payable under this Agreement all federal, state, city or other income and employment taxes that shall be required. The Companies shall fund the obligation to pay Severance Benefits under subparagraphs (a) and (b) hereof by depositing in escrow an amount equal to the sum of the amounts payable to the Executive thereunder (the "Escrow Funds") with SouthTrust Bank (or another financial institution with total assets of more than $1,000,000,000) as escrow agent (the "Escrow Agent"). The Escrow Funds shall be the property of the Companies and shall be held, invested and distributed by Escrow Agent in accordance with the following provisions. At the time of delivery of the Escrow Funds, the Escrow Agent shall acknowledge receipt of the Escrow Funds and agree to be bound by the provisions of this Agreement in a separate written document. The Escrow Agent shall invest the Escrow Funds in a money market account for the benefit of the Companies and shall distribute the earnings not more frequently than monthly. Unless and until the Escrow Agent receives notice from ProAssurance that the Executive has breached this Agreement, the Escrow Agent shall distribute the Escrow Funds to the Executive in the same number of equal monthly installments as the number of whole calendar months in the Restricted Period (as defined in Section 7 hereof). The monthly installments shall be distributed to the Executive on the first day of each calendar month in the Restricted Period together with accrued and undistributed earnings on the Escrow Funds. If the Company delivers written notice to the Escrow Agent and Executive that the Severance Benefits payable to Executive are subject to termination under Section 7 of this Agreement, the Escrow Agent shall distribute the balance of the Escrow Funds and accrued and undistributed earnings thereon to ProAssurance unless the Escrow Agent receives a written notice of objection from the Executive within 15 days after delivery of ProAssurance's notice. If Executive provides a timely notice of objection, the Escrow Agent shall hold the Escrow Funds until it receives a written notice of distribution from the arbitrator appointed pursuant to Section 12 hereof or a joint written notice of distribution from the Executive and ProAssurance. The failure of the Executive or the Company to deliver notice to the Escrow Agent as herein provided shall not be a waiver of any of their respective rights under this Agreement. The Executive shall be entitled to the following in addition to and not in limitation of the Severance Benefits: (i) accrued and unpaid base salary as of the Date of Termination; (ii) accrued vacation and sick leave, if any, on Date of Termination in accordance with the then current policy of the Companies with respect to terminated employees generally; and (iii) vested benefits under the Companies' employee benefit plans in which the Executive was a participant on Date of Termination, which vested benefits shall be paid or provided for in accordance with the terms of said employee benefit plans. The Executive shall not be entitled to receive Severance Benefits if employment with the Companies is terminated by reason of death of Executive, retirement of Executive as permitted under a retirement plan as then in effect for the Companies, the Executive having reached the age of mandatory retirement (if such requirement then exists for bona fide executives); or Disability of Executive (herein defined); or by reason of termination of employment by the Executive without Good Reason (herein defined); or by reason of termination of employment by the Companies with Cause (herein defined). The Executive shall be under no duty or obligation to seek or accept other employment and shall not be required to mitigate the amount of the Severance Benefits provided under the Agreement by seeking employment or otherwise; provided, however, that the Executive shall be required to notify the Companies if the Executive becomes covered by a health or dental care program providing substantially similar coverage, at which time health or dental care continuation coverage provided under this Agreement shall cease.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

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