E.R.S. Act and Regulations; and application for such credited military service will be in accordance with the provisions of the O.M.
E.R.S. Act and Regulations, use his/her adjusted sick time credit as credited time for pension purposes prior to his/her retirement. (For example, a member who has 1040 hours and effectively ceases work and goes on leave of absence on February 1st, with 33-1/2 years service, would be retained on the payroll for approximately six (6) months and his/her service for O.M.E.R.S. purposes would be 34 years.) During that period of approximately six (6) months the member would not be covered by the provisions of the Workplace Safety and Insurance Act and would not receive vacation, statutory holiday entitlement, or any other benefits hereunder save and except such insured benefits available to members hereunder. In any case service could not be extended under this option beyond a maximum of thirty- five (35) years by such use of adjusted sick time credits.
E.R.S. Buyer shall pay for Orders authorized for payment via Buyer’s evaluated receipt settlement (“ERS”) process 3% 30, net 90 days from the date products are received on Buyer’s dock or services are accepted by Buyer. Invoices: Buyer shall pay Seller's invoice for products or services 3% 30, net 90 days from date of invoice. Invoices shall be issued by Seller on or after the date products are received on Buyer’s dock or services are accepted by Buyer.
E.R.S. Borrower will use commercially reasonable efforts and cooperate with Lender to cause the ERS to be fully operational and functional. Upon the establishment of the ERS, Borrower shall commence utilizing the ERS for electronic reporting as required by this Agreement.
E.R.S. The Michigan Municipal Employees' Retirement System is authorized to grant up to five (5) years of Military Service to employees at no cost to the employee, providing the employee has furnished a copy of their military discharge papers and has filed a statement to the effect that such military service has not, nor will be used in any other retirement benefit for the purpose of drawing a retirement benefit. The Employer agrees to provide the above benefit to employees who meet the eligibility requirements.
E.R.S. Section 1. The City will pay contributions to the Public Employees Retirement System on behalf of dispatchers in the bargaining unit, utilizing the Salary Reduction Method. The dispatcher’s gross annual compensation will be reduced in an amount equal to the employee’s share of the retirement contribution as determined by the Public Employees Retirement System before withholding for state and federal taxes.
E.R.S. Agent (through any of its officers, employees, or agents) shall have the right, from time, to time to access the ERS for all purposes relating to this Agreement, including without limitation, to test and verify system integrity and functionality, obtain information in respect of the Collateral and otherwise administer this Agreement. Borrower will provide Agent with a current and complete copy of any and all consulting or other agreements with any Person for administering, operating or maintaining the ERS. Agent shall have the right at any time to request information from such Person in respect of the ERS or the Collateral and Borrower hereby irrevocably authorizes and directs such Person to provide any such requested information to Agent. A copy of this Agreement shall be sufficient to evidence such authorization and Borrower agrees to indemnify and hold such Person harmless in connection with compliance with Borrower’s authorization and directive herein. Borrower agrees that all right, title and interest of Borrower under any such consulting or other agreement are covered by the Agent’s Liens.
E.R.S. Lender (through any of its officers, employees, or agents) shall have the right, from time, to time to access the ERS for all purposes relating to this Agreement, including without limitation, to test and verify system integrity and functionality, obtain information in respect of the Collateral and otherwise administer this Agreement. Borrower will provide Lender with a current and complete copy of any and all consulting or other agreements with any Person for administering, operating or maintaining the ERS. Lender shall have the right at any time to request information from such Person in respect of the ERS or the Collateral and Borrower hereby irrevocably authorizes and directs such Person to provide any such requested information to Lender. A copy of this Agreement shall be sufficient to evidence such authorization and Borrower agrees to indemnify and hold such Person harmless in connection with compliance with Borrower’s authorization and directive herein. Borrower agrees that all right, title and interest of Borrower under any such consulting or other agreement are covered by the Lender’s Liens.
E.R.S. 17.1 The provisions of Schedule 5 shall apply to meetings of the Noteholders and shall have effect in the same manner as if set out in this Agreement.
