Employee Savings Sample Clauses

Employee Savings. PLAN (INCLUDING PAYSOP SHARES); SAVINGS RESTORATION PLAN. If applicable, Employee will continue to participate in the Ryder System, Inc. Employee Savings Plan, as it may be amended from time to time, until the first to occur of (i) the last day of the Period, or (ii) the last day of the thirteenth week of the Period. If the value of Employee's account is $3,500 or less, a lump sum distribution will be made pursuant to plan provisions. If the value of Employee's account is greater than $3,500, Employee's account will be maintained in the Ryder System, Inc. Employee Savings Plan unless and until the Employee requests a distribution from the Plan. However, if Employee has not requested a distribution by age 70 1/2, then a distribution will be made in accordance with plan provisions. Employee should direct any questions regarding the Ryder System, Inc. Employee Savings Plan to the Company's Vice President, Compensation and Benefits Administration. If applicable, Employee will continue to participate in the Ryder System, Inc. Savings Restoration Plan until the first to occur of (i) the last day of the Period, or (ii) the last day of the thirteenth week of the Period. Employee's account will be maintained in the Ryder System, Inc. Savings Restoration Plan. The vested portion of Employee's account shall be distributed on the January 1 following the first to occur of (i) the last day of the Period, or (ii) the last day of the thirteenth week of the Period, or as soon as administratively practicable thereafter. Such distribution shall be made in accordance with Employee's most recent election and enrollment form on file with the plan. Employee acknowledges and agrees that no portion of the payment described in Paragraph 7 shall be eligible for contribution to the Ryder System, Inc. Employee Savings Plan or the Ryder System, Inc. Savings Restoration Plan.
Sample 1
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Employee Savings. 6.1 Savings in relation to employee costs may arise during the financial year as vacancies arise or there are delays in recruitment. These savings will be credited in shares to each Partner Authority in the same way as other net savings or costs are treated. However, the Lead Authority may wish to use some of its share during the financial year to contribute to corporate targets for savings in employee costs. It is agreed that with the approval of the Joint Committee employee savings up to the limit of the Lead Authority’s share can be taken during the year, rather than as an end-year adjustment.
Sample 1
Employee Savings. Plan Effective January 1, 2020, all regular full-time employees (Operations, Office and Call Centre Collective Agreements) and regular Continuous Part-time employees (Office and Call Centre Collective Agreements only) will be eligible to participate in the Employee Savings Plan as presented to the Union Negotiation Committee during discussions for renewal of the Collective Agreements that expired December 31, 2017. The Company agrees that should the Employee Savings Plan be discontinued during the term of the Collective Agreement, all regular full-time employees and regular Continuous Part-time employees will receive an increase of one and
Sample 1
Employee Savings. All salary payments will be direct deposited to a primary bank account of the employee’s choosing. Employees shall have the option of re-directing a portion of their net pay (a flat amount or a percentage) into a secondary account of their choosing. This account may be used for personal savings, RRSP contributions or to cover monthly bill payments. To set up a secondary account, employees will need to complete a direct deposit form with secondary bank information. Employees will also need to indicate what percentage or amount of net pay they would like deposited into the secondary account. Employees requiring changes shall submit an updated direct deposit form noting the change(s) to the payroll department a minimum of two (2) weeks prior to the change taking effect.
Sample 1
Employee Savings. A1.7.1 Savings in relation to employee costs may arise during the financial year as vacancies arise or there are delays in recruitment. These savings will be credited in shares to each Partner Authority in the same way as other net savings or costs are treated. However, Colchester may wish to use some of its share during the financial year to contribute to corporate targets for savings in employee costs. It is agreed that with the approval of the Joint Committee employee savings up to the limit of Colchester’s share can be taken during the year, rather than as an end-year adjustment.
Sample 1

Related to Employee Savings

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Employee Stock Ownership Plan The Executive will be eligible to participate in the Company’s Employee Stock Ownership Plan (“ESOP”), subject to the terms and conditions of the ESOP.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Compensation Plan 1. Subject to any applicable regulation and the Company's/its contractor approval, the applicant shall choose a Compensation Plan on the Affiliate Participation Form. An Affiliate may not change the elected Compensation Plan.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

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