Establishing the Annual Payments Sample Clauses

Establishing the Annual Payments. At the beginning of each Year, the Annuitant must establish the amount of each payment and total Annual Payments for the Year, subject to the restrictions contained in this section. However, if CIBC Asset Management guarantees the rate of return on the LIF over a period that is greater than one Year and that ends at the end of a Year (the “Period”) and the Annuitant is not receiving any payments from this LIF other than under this section, the Annuitant may establish at the beginning of the Period the payments and Annual Payments to be paid throughout each Year during the Renaissance Investments Life Income Fund Amending Agreement (Québec) Supplemental Pension Plans Act of Québec Period; in that event, paragraphs 1(a), 1(b) and 1(c) above will apply, but with such changes as the circumstances require, and the Maximum Amount will be subject to adjustment in accordance with section 22 of the Pension Regulations. If CIBC Asset Management does not receive the Annuitant's instructions as to the amount of each payment and the Annual Payments he/she wishes to receive during a particular Year, the amount and timing of each payment and the Annual Payments will be the same as the payments made during the previous Year subject, however, to the other provisions of this section 1
Sample 1
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Related to Establishing the Annual Payments

  • Sick Leave Annual Cash Out ‌ Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if:

  • Payment of Annual Leave (a) If an employee takes annual leave during a period, the annual leave shall be paid at the employee’s ordinary pay immediately before the period begins.

  • Payment for annual leave (a) Before going on annual leave, an employee will be paid the amount of wages they would have received for ordinary time worked had they not been on leave during that period.

  • To be Provided Annually but no later than December 1

  • Payment of Annual Leave on Termination On the termination of their employment, an employee will be paid their untaken or pro-rata annual leave.

  • Contract Duration and Annual Salary 1. The College hereby employs the Administrator in the capacity of Director of Adult Educational Development, Assistant Professor for one year, commencing on July 1, 2023 and terminating on June 30, 2024. The Administrator accepts such employment on the conditions hereinafter set forth, and any applicable provisions of the Board of Trustees Policy Manual. In the event of conflict between Board Policy and this Contract, the Contract shall govern.

  • COMPENSATION AND PAYMENTS 1.1 The Owner shall pay the Contractor to furnish all labor, equipment, materials and incidentals necessary for the construction of the Work described in the Specifications and shown on the Drawings the Contract Amount as shown below. Base Bid $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Alternate Bid number and name or "no Alternates" $0.00 Total Contract Amount $0.00

  • Co-Payments Effective January 1, 2020, the State Dental Plan will cover allowable charges for the following services subject to the co- payments and coverage limits stated. Higher out-of-pocket costs apply to services obtained from dental care providers not in the State Dental Plan network. Services provided through the State Dental Plan are subject to the State Dental Plan's managed care procedures and principles, including standards of dental necessity and appropriate practice. The plan shall cover general cleaning two (2) times per year and special cleanings (root or deep cleaning) as prescribed by the dentist.

  • Cashing out annual leave Annual leave may be cashed out by agreement between the Company and an Employee, subject to the following conditions: ▪ An Employee must elect in writing to cash out annual leave; ▪ An Employee must not cash out more than two (2) weeks annual leave in each twelve (12) month period; ▪ The Company must agree to the Employee cashing out their annual leave.

  • Cashing out of Annual Leave (a) Annual leave credited to an employee may be cashed out by agreement, subject to the following conditions: (refer to section 93 of the Act)

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