IAM Pension Plan Sample Clauses

IAM Pension Plan. The Company (Employer) shall contribute to the IAM National Pension Fund, National Pension Plan for each hour or portion thereof, for which employees in job classifications covered by this agreement are entitled to receive pay up to forty (40) hours per week, under this agreement: $0.85 per hour effective January 1, 2009 $1.00 per hour effective January 1, 2010 $1.30 per hour effective January 1, 2011 $1.50 per hour effective January 1, 2012 The Company and IAM & AW Local Lodge 2340 agree to be bound by the Trust Agreement, dated May 1, 1960, as amended creating the IAM National Pension fund and the Plan rules adjusted by the fund Trustees and as may be amended from time to time.
Sample 1
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IAM Pension Plan. ‌ Commencing February 1, 2006 the Company will contribute $0.30 per hour for each hour worked by each employee, to a maximum 42 hours per week, to the IAM Labour- Management Pension Fund. The Company will contribute effective February 1, 2007 $0.35 per hour effective February 1, 2008, $0.40, effective February 1, 2009, $0.45 for each hour worked to a maximum 42 hours per week. The Company shall have no further obligations with respect to the IAM Labour-Management Pension Fund than its obligation to make these contributions.
Sample 1

Related to IAM Pension Plan

  • Canada Pension Plan All employees shall participate in and contribute to the Canada Pension Plan in accordance with the applicable legislation. The College will contribute to the plan for each employee, to the extent provided for in the applicable legislation.

  • Municipal Pension Plan (i) All newly hired regular employees shall participate under the Municipal Pension Plan, subject to the terms and conditions of such Plan, from their initial date of hire as a regular employee.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Pension Plan 15.01 The CLAC Pension Plan (“the Plan”), a defined contribution pension plan, is registered with the Canada Revenue Agency. The Plan applies to all employees covered by this Agreement.

  • Retirement Plans 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 (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, JHSS shall provide the following administrative services:

  • 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.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • 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.

  • Health Benefit Plan Par. 1. The Health Benefit Plan covering life insurance, sickness and accident benefits, and hospitalization insurance, or any changes thereto that are in accordance with the National Elevator Industry Health Benefit Plan and Declaration of Trust, shall be a part of this Agreement and adopted by all parties signatory thereto.

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