EMPLOYEE BENEFITS AND PENSION PLAN Sample Clauses

EMPLOYEE BENEFITS AND PENSION PLAN. 12.1 The Company agrees to meet and review with the Union, prior to its implementation, any change in the level of benefits provided to employees covered by this agreement under the following: - The Pension Plan - The health, life and accidental insurance coverage under the Omniflex Benefits Program - The Disability Plans. Part time employees shall be eligible for benefits under the Omniflex Benefit Plan, as per Company policy. Sickness Absence Absence Due to Sickness or Quarantine Prior to the Eighth Full Calendar Day of Absence An Employee who is absent on account of sickness or quarantine, shall be paid for continuous absence prior to the eighth full calendar day of such absence. Absence Due to Sickness or Quarantine on or after the Eighth Full Calendar Day of Absence Upon the eighth full calendar day of an absence covered above, such an absence shall be treated in accordance with applicable Company practices currently in effect, or as amended from time to time following notification to the Union.
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EMPLOYEE BENEFITS AND PENSION PLAN. 18.01 Effective January 1, 2009 the Employees will com- mence participation in the Corporate Flexible Benefit Program. The Company agrees to provide each seniority Em- ployee with Flex Credits on an annual basis, to pur- chase benefit coverage from the Company’s flexible benefit program “Choices”. All of the benefit plans described in the Company booklets shall be as more particularly described and set forth in the respective benefit plans and policies which plans and policies shall be made available for inspection by the Union. During the term of this agreement, the Company will maintain the same selection and level of benefits and the cost-sharing ratio as is currently in place.
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EMPLOYEE BENEFITS AND PENSION PLAN. 22.01 The Employer agrees to pay 100% of the employer health tax.
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EMPLOYEE BENEFITS AND PENSION PLAN. 18.01 The Company agrees to maintain its existing Employee Benefit Plans and cost-sharing arrangements for the duration of this Agreement. The Company may change the carriers of these Plans if the benefit coverage provided the employee is at least equal to his current coverage and premium costs are not higher than those of the current carrier. The Company agrees to eyeglasses for immediate family members to a maximum of two hundred dollars ($200.00) every two years.
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EMPLOYEE BENEFITS AND PENSION PLAN. 37 Sickness Absence 37 Absence Due to Sickness or Quarantine Prior to the Eighth Full Calendar Day of Absence 37 Absence Due to Sickness or Quarantine on or after the Eighth Full Calendar Day of Absence 38
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EMPLOYEE BENEFITS AND PENSION PLAN 
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Related to EMPLOYEE BENEFITS AND PENSION PLAN

  • Employee Benefit Plans Except as could not reasonably be expected to result, either individually or in the aggregate, in a Material Adverse Effect, (i) each Employee Benefit Plan and Foreign Pension Plan (and each related trust, insurance contract or fund) has been documented, funded and administered in compliance with all applicable Laws, including, without limitation, ERISA and the Code; (ii) the sponsor or adopting employer of each Employee Benefit Plan which is intended to qualify under Section 401(a) of the Code has received or timely applied for a favorable determination letter, or is entitled to rely on a favorable opinion letter, as applicable, from the IRS indicating that such Employee Benefit Plan is so qualified and nothing has occurred subsequent to the issuance of such determination letter or opinion letter which would cause such Employee Benefit Plan to lose its qualified status; (iii) no liability to the PBGC (other than required premium payments), the IRS, any Employee Benefit Plan or any Trust established under Title IV of ERISA has been or is expected to be incurred by any ERISA Party (other than contributions made to an Employee Benefit Plan or such Trust or expenses paid on their behalf, in each case in the ordinary course); (iv) no ERISA Event has occurred or is reasonably expected to occur; (v) the present value of the aggregate benefit liabilities under each Pension Plan (determined as of the end of the most recent plan year on the basis of the actuarial assumptions specified for funding purposes in the most recent actuarial valuation for such Pension Plan) did not exceed the aggregate current value of the assets of such Pension Plan; (vi) no ERISA Party is in “default” (as defined in Section 4219(c)(5) of ERISA) with respect to payments to a Multiemployer Plan; (vii) no ERISA Party has incurred any obligation in connection with the termination of, or withdrawal from, any Foreign Pension Plan; and (viii) the present value of the accrued benefit liabilities (whether or not vested) under each Foreign Pension Plan, determined as of the end of Holdings’ and the Borrowers’ most recently ended Fiscal Year for which audited financial statements are available on the basis of the actuarial assumptions described in Holdings’ audited financial statements for such Fiscal Year, did not exceed the aggregate of (A) the current value of the assets of such Foreign Pension Plan allocable to such benefit liabilities and (B) the amount then reserved on Holdings’ consolidated balance sheet in respect of such liabilities (and such amount reserved on Holdings’ consolidated balance sheet does not constitute a material liability to Holdings and its Restricted Subsidiaries taken as a whole).

  • PART-TIME EMPLOYEE BENEFITS Regular part time employees shall be provided the opportunity to purchase benefits of one of the plans described in Article XVII, Sections B and C at the Employer plan’s premium cost. The Employer will pay the Employer’s monthly share of the premium cost at a ratio proportionate to the employee’s part time condition of employment contingent upon receipt of the employee’s yearly share of the employee’s premium.

  • Retirement Plans 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 (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, JHSS shall provide the following administrative services:

  • Retiree Benefits Employees retiring on or after January 1, 2006 will be eligible for retiree benefits as presented to the Union Negotiation Committee during discussions for renewal of the Collective Agreements that expired December 31, 2002.

  • Employee Benefits During the Employment Term, Executive will be entitled to participate in the employee benefit plans currently and hereafter maintained by the Company of general applicability to other senior executives of the Company. The Company reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time.

  • Benefit Plan If an employee maintains coverage for benefit plans while on maternity or parental leave, the Employer agrees to pay the Employer's share of these premiums.

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