Establishment of Pension Plan Sample Clauses

Establishment of Pension Plan. Subject to the approval of the Minister of Finance for Canada and of other cognizant governmental authorities, as more particularly hereinafter specified, and to review by the Retirement Committee of The Boeing Company, and to the provisions of Section 17.5 hereof, a pension plan (hereinafter called the Plan) shall become effective on January 1, 1991 for the employees within the unit to which this agreement relates and shall continue while this agreement is in effect as to such employees in accordance with and subject to the terms, conditions and limitations of the Plan.
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Establishment of Pension Plan. (a) The Employer and the Union agree to comply with the Pension Benefits Standards Act of British Columbia. (b) The Employer agrees to remain a contributing Employer to the Pension Fund of the BCGEU Pension Plan. (c) All eligible employees covered by this Agreement shall participate in the BCGEU Pension Plan.
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Establishment of Pension Plan. The Hospital shall establish and administer a pension plan funded through a Trust Agreement, with the Trustee appointed by the Hospital.
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Establishment of Pension Plan. The Company established a pension plan, a copy of which is attached hereto as Appendix and made a part of this Agreement as if fully set out herein, modified and supplemented, however, by the provisions hereinafter for the purpose of providing retirement benefits to employees of the Company represented under this collective bargaining agreement. In the event of any conflict between the provisions of the Plan and the provisions of this Agreement, the provisions of this Agreement will supersede the provisions of the Plan to the extent necessary to eliminate such conflict. The effectiveness of the Plan and this Article are both contingent upon and subject to obtaining and retaining such approval of the Minister of National Revenue as the Company may find necessary to establish the deductibility for income tax purposes of contributions made by the Company under the Plan and the tax exempt status of the Trust Fund under applicable provisions of the Income Tax Act or any other applicable tax laws, as now in effect or hereafter amended or enacted The agreement to establish and maintain the Plan as herein provided is also subject to the requirement that the plan is accepted for registration under the Pension Benefits Act of the Province of Ontario and any other applicable laws now or hereafter enacted and that such acceptance and registration is continued thereafter. The pension benefit is per month per year of service to May, to May, to May, to May, to May, for each year of service after June for each year of service after June APPOINTMENT OF TRUST COMPANY OR INSURANCE COMPANY The Company shall have the sole right to appoint for the purposes of the Plan a trust company or companies andlor an insurance company or companies (hereinafter referred to as the "Trustees"). A trust company so appointed shall be incorporated under the laws of Canada or any province thereof and shall be qualified to operate thereunder as a trustee, and an insurance company so appointed shall be licensed under the laws of Canada and qualified thereunder to operate as an insurance company. The Company shall execute a trust agreement with any such trust company andlor enter into a contract with any such insurance company. The appointed trust company andlor insurance company shall receive and contributions payable by the Company and have the right under the terms of the trust agreement andlor contract to invest and re-invest the monies it holds for the purposes of the Plan. All monies held by ...
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Related to Establishment of Pension Plan

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • 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.

  • Municipal Pension Plan (a) An employer will provide the Municipal Pension Plan (MPP) to all eligible employees. (b) Employees of record on March 31, 2010, who meet the eligibility requirements of the MPP, have the option of joining or not joining the MPP. Eligible employees who initially elect not to join the MPP on April 1, 2010, have the right to join the MPP at any later date but will not be able to contribute or purchase service for the period waived. (c) All regular full-time employees hired after March 31, 2010, will be enrolled in the MPP upon completion of the earlier of their probationary period or three months and will continue in the plan as a condition of employment. Full-time hours of work are defined in the local issues agreement specific to each employer. Regular part-time employees and casual employees hired after April 1, 2010, who meet the eligibility requirements of the MPP have the right to enrol or not enrol in the MPP. Those who initially decline participation have the right to join the MPP at any later date. The MPP rules currently provide that a person who has completed two years of continuous employment with earnings from an employer of not less than 35% of the year's maximum pensionable earnings in each of two consecutive calendar years will be enrolled in the Plan. This rule will not apply when an eligible employee gives a written waiver to the Employer. (d) Employers will ensure that all new employees are informed of the options available to them under the MPP rules. (e) Eligibility and terms and conditions for the pension will be those contained in the Municipal Pension Plan and associated documents. (f) If there is a conflict between the terms of this agreement and the MPP rules, the MPP must prevail. Note: MPP contact information: Web: http:\\xxx.xxxxxxxxxx.xx Email: xxx@xxxxxxxxxx.xx Victoria Phone: 0-000-000-0000 BC Phone: 0-000-000-0000

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • Canadian Pension Plans The Loan Parties shall not (a) contribute to or assume an obligation to contribute to any Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent, or (b) acquire an interest in any Person if such Person sponsors, administers, maintains or contributes to or has any liability in respect of any Canadian Defined Benefit Plan, or at any time in the five-year period preceding such acquisition has sponsored, administered, maintained, or contributed to a Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent.

  • No Pension Plans Neither the Company nor any current or past ERISA Affiliate has ever maintained, established, sponsored, participated in, or contributed to, any Pension Plans subject to Title IV of ERISA or Section 412 of the Code.

  • Retirement Plans (a) 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 (“Qualified 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, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Pension Plans Any of the following events shall occur with respect to any Pension Plan (a) the institution of any steps by the Borrower, any member of its Controlled Group or any other Person to terminate a Pension Plan if, as a result of such termination, the Borrower or any such member could be required to make a contribution to such Pension Plan, or could reasonably expect to incur a liability or obligation to such Pension Plan, in excess of $10,000,000; or (b) a contribution failure occurs with respect to any Pension Plan sufficient to give rise to a Lien under Section 302(f) of ERISA.

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Metropolitan or its Subsidiaries, or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

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