Employment Benefit Sample Clauses

Employment Benefit. The Parties agree to cooperate in encouraging any private business entity locating an operation within or as a part of the Business Park to hire its employees from within the Parties’ jurisdictional area.
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Employment Benefit. The parties agree that the Supplements to Maternity or Parental Benefits will be provided to employees who commence maternity or parental leave on or after the signing date of this agreement. The supplements to will be provided as follows: An employee who agrees to return to work for a period of at least six (6) months and who provides the Employer with proof that the employee has applied for and is eligible to receive maternity or parental benefits under the provisions of the Employment Insurance Act, shall be paid an allowance for fifteen (15) weeks. The allowance shall be equivalent to the difference between the weekly Employment Insurance benefits the employee is eligible to receive and seventy-fivepercent (75%) of the employee’s weekly pay, less any other earnings received by the employee during the benefit period which may result in a decrease in benefits to which the employee would have been eligible if no other earnings had been received during this period. The parties agree that the weeks during which the Christmas, March and Summer occur shall not be included in the fifteen (15) week period in which the benefits are available. An employee under (a) above shall return to work and remain in the Employer’s employ for a period of at least six (6) months after the return to work. Should the employee fail to return to work and remain at work for a period of six (6)months, the employee shall reimburse the Employer for the amount received as maternity or parental leave allowance on a pro rata basis. “Regular rate of shall mean the rate of pay the employee was receiving at the time the leave commenced but does not include retroactive adjustment of rate of pay, overtime or any other form of supplementary compensation. If both parties are employees, the maximum entitlement period to either one or both parties shall not exceed fifteen (1 5) weeks. An employee mentioned in (a) above who is subject to a waiting period of two (2) weeks before receiving benefits, shall receive an allowance equivalent to seventy-five (75%) of the employee’s weekly pay for each week of the two (2) week waiting period, less any other earnings received by the employee during the waiting period.
Sample 1
Employment Benefit. During the term of the Collective Agreement employees who are laid off work shall receive an allowance the Company, which together with Employment Insurance benefits shall equal seventy-five per cent (75%) of the employee’s normal weekly earnings, less overtime and other premium payments. The terms governing payment of the aforementioned allowance, shall conform to the requirements of the and shall include the following provisions: An employee must have completed a minimum of five hundred and twenty (520) working days of service with the Company at date of lay-off in order to qualify for benefits as follows: working days = weeks of benefits working days = weeks of benefits working days = weeks of benefits Supplemental Employment Plan benefits will be payable only to those employees on lay-off who are eligible for and, where applicable, have received Employment Insurance Commission benefits in each week of lay-off, and a week of lay-off means a period of seven (7) consecutive days commencing on and including Sunday. An employee must apply to the Company and the necessary proof of eligibility for Supplemental Employment Benefit Plan benefits in a manner acceptable to the Company. An employee shall not be entitled to Supplemental Employment Benefit Plan benefits after: has refused a call back to work in accordance with the provisions of the Collective Agreement. is receiving sickness and accident indemnity payments under the Company plan, Workers’ Compensation or severance pay in any week of lay-off. The benefit level paid under this plan is set at seventy-five per cent (75%) of the employee’s normal weekly salary. It is understood that in any one week, the total amount of insurance gross benefits and any other earnings received by the employee will not exceed ninety-five per cent (95%) of the employee’s normal weekly earnings. No employee shall be paid Supplemental Employment Benefit Plan benefits for more than twenty-six (26) weeks. The payment of benefits to employees on lay-off will be made by the employer on a “pay-as-you-go” basis separate from the regular payroll. Accordingly, on the winding up of the Plan, there will be no funds for distribution. In the event Employment Insurance benefits are reduced from current levels (January the parties shall re-negotiate the of this provision. In the case of staff reductions, employees with eight (8) years of service or over shall be entitled to exercise seniority rights on a service-with-the-Company basis, with ...
Sample 1
Employment Benefit. After having served a qualifying period of seven (7) consecutive teaching months in the employ of the Prairie Spirit School Division, a teacher who is eligible for maternity leave under the provisions of the Employment Standards Code, and who qualifies for Employment Insurance benefits, shall be entitled to receive pay for the period of leave up to seventeen (17) weeks in the amount of ninety percent (90%) of the gross salary being earned at the time leave was taken. This pay shall include any benefits received from Human Resources Development Canada to a Supplemental Employment Benefits Plan. In respect of the period of maternity leave, payments made according to the Supplemental Employment Benefits Plan will consist of the following:
Sample 1
Employment Benefit. The objective of this Plan is to supplement the employment insurance benefits received by eligible Employees as regulations from Human Resources Development Canada during temporary periods of unemployment caused by pregnancy or adoption. Collective -June The following group of Employees is covered by the plan: Eligible (Ontario Public Service Employees Union) Employees as per regulations who have been continuously employed by the Royal Ontario Museum for a period of at least thirteen weeks immediately preceding the commencement of the leave. The benefit level (SUB) paid under this plan is set at percent of the Employee's normal weekly gross salary, for Employees on pregnancy or adoption for a period of seventeen (17) weeks. It is understood that in any week, the total amount of SUB, unemployment insurance gross benefits and any other earnings received by Employee will not exceed percent of the Employee's normal weekly gross earnings, It is understood that an eligible Employee will be entitled to receive the SUB benefit during the waiting period required by The maximum number of weeks for which SUB is payable during a pregnancy leave or adoption leave is seventeen (17) weeks. The duration of the plan is from July to June Employees disentitled or disqualified from receiving Employment Insurance benefits for reasons other than adoption leave are not eligible for SUB. Employees on pregnancy leave must apply for the employment insurance benefit before SUB becomes payable. The Employee on pregnancy leave must provide the Employer with acceptable proof that she is receiving Insurance benefits. in respect of guaranteed annual remuneration or in respect of deferred remuneration or severance pay benefits will not be reduced or increased by payments received under the plan. The foregoing is agreed to subject to receiving a letter of approval from APPENDIX E Letter of Understanding between the Royal Ontario Museum and the Ontario Public Service Employees’ Union and its Local Regarding Sick Leave and Long Term The Museum’s short-term sick leave plan works in conjunction with the Long Term Disability Plan to provide continuity of income protection. Employees become eligible for this protection on the first day of active employment with the Museum. In the event of a bona fide disability (defined as an incapacity as a result of an illness or injury not covered under the provisions of the Worker’s Compensation Act), the Museum will guarantee against loss of salary up to a ...
Sample 1

Related to Employment Benefit

  • Employment Benefits In addition to the Salary payable to the Executive hereunder, the Executive shall be entitled to the following benefits:

  • Other Employment Benefits During the Employment Term, the Executive shall be entitled to the following employment benefits: (a) four (4) weeks of paid vacation in each fiscal year of EDGEN while the Executive is employed hereunder (one week of which, if not used by the Executive in any given fiscal year, may be carried over to the next fiscal year; provided, that the Executive shall not have more than five (5) weeks of paid vacation in any given fiscal year as a result of such carry over), and sick leave in accordance with EDGEN’s policies from time to time in effect for executive officers of EDGEN; provided, that, except as provided herein, vacation and/or sick leave time not used in any year may not be carried over or transferred from one year to another or converted to cash, except in a year in which there is a Change of Control (as hereinafter defined) where the Executive is no longer employed; (b) participation, subject to qualification requirements, in medical, life or other insurance or hospitalization plans and long-term disability policies which are presently in effect or hereinafter instituted by EDGEN and applicable to its executive officers generally; (c) participation, subject to classification requirements and continued maintenance thereof by EDGEN in other Executive benefit plans, such as pension and profit sharing plans, which are from time to time applicable to EDGEN’s executive officers generally; (d) an automobile allowance of $1,200 per month, which shall be used by the Executive to cover all lease and insurance payments with respect to one automobile of the Executive’s choice for business purposes, which automobile’s retail value shall not exceed $75,000. The Executive shall provide proof of insurance in limits and with a company approved by EDGEN. EDGEN shall also be listed as a “named insured” under the policy. EDGEN shall reimburse the Executive, upon the presentation of appropriate receipts, for all reasonable and necessary maintenance, repair and gasoline costs incurred by the Executive in connection with the use of such automobile; provided, that such costs are directly related to the performance by the Executive of his obligations to EDGEN and/or to Parent hereunder; (e) EDGEN shall purchase (subject to the insurability of the Executive at standard rates) a life insurance policy in the amount of $1,000,000 on the life of the Executive to provide benefits under Section 5.2 (b) hereof; and (f) a supplemental payment of $9500 per annum (the “Supplemental Payment”), which shall be paid in accordance with EDGEN’s customary payroll practices which are in effect from time to time during the Employment Term.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one)

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • 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.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • 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.

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