Joint Benefits Trust Sample Clauses

Joint Benefits Trust. The Participating Hospitals and CUPE agree that the maintenance of benefits provided for in this collective agreement at the most cost-effective level is an important objective. Accordingly, the parties agree that a joint investigation of a Benefits Trust is worthwhile in order to determine if significant reductions in costs of benefits can be achieved. The parties are committed to: - Meet within the first quarter following the ratification of this agreement and every quarter thereafter to determine the following: o The methods by which the investigation will take place o Identify potential sources of funding for investigation of the Benefits Trust o Identification of the appropriate method to determine the feasibility of the Trust Letter of Understanding‌‌
Sample 1
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Joint Benefits Trust. The Participating Hospitals and agree that the maintenance of benefits provided for in this Collective Agreement at the most cost-effective level is an important objective. Accordingly, the parties agree that a joint investigation of a Benefits Trust is worthwhile in order to determine if significant reductions in costs of benefits can be achieved. The parties are committed to: Meet within the first quarter following the ratification of this agreement and every quarter thereafter to determine the following: The methods by which the investigation will take place; Identify potential sources of funding for investigation of the Benefits Trust; of the Trust. of the appropriate method to determine the feasibility The Ottawa and September Without prejudice to the Union's or Hospitals' rights under the Collective Agreement or the Labour Relations Act, the parties agree that non-unionized employees who are affected (via shall, when entering the bargaining unit, be afforded seniority and service in accordance with the anniversary of their date of hire (or hours worked) from their original Hospital. Such anniversary date shall be calculated in accordance with the relevant provisions of the relevant Collective Agreement.
Sample 1
Joint Benefits Trust. The Parties have agreed to participate in a jointly trusteed benefits trust and shall place their dental, extended health, group life insurance and accidental death and dismemberment benefit coverage specified in this Article (note – districts without AD&D would not include reference to that benefit) as soon as the trust is able to take on that responsibility. Once the trust is able to take on that responsibility, the parties agree that they will participate on the following conditions: 1. If there is no penalty clause in the current contract(s) with existing benefits carrier(s)/consultant(s), as soon as possible; or, 2. If there is a penalty clause, the benefits will be transferred when the current contract(s) expires. Participation in the benefits trust will be in accordance with the Industrial Inquiry Commissioners Reports made by Xxxxx Xxxxxx and Xxxxxxx Xxxxx dated May 30, 2000 and June 7, 2000 which specify the basis upon which school districts participate in the trust and as clarified in their Recommendations Regarding Outstanding Accord Matters dated March 21, 2001. The Parties further agree to participate in a government funded long term disability plan and early return to work program in accordance with the Industrial Inquiry Commission Report(s) identified in the preceding paragraph. The Parties agree that any references to specific benefit carriers providing the benefits identified above will be effective only until that date of participation in the benefits trust.
Sample 1
Joint Benefits Trust. The Parties agree to participate in a jointly trusteed benefits trust once established, in accordance with the Recommendations For Settlement made by Industrial Inquiry Commissioners Xxxxx Xxxxxx and Xxxxxxx X. Ready dated May 30, 2000 and June 7, 2000 which specify the basis upon which school districts participate in the trust. The date of participation is subject to the completion of all obligations to existing benefit carriers and consultants. The Parties agree to meet within sixty (60) days of the establishment of the trust to negotiate amendments, if any, to ensure the collective agreement language is consistent with these obligations. Agreed this day of July, 2001. Abolition of Established Positions, Job Classification/Reclassification 35 ACCIDENT PREVENTION 38,39 - Committee 38 - Cooperation in Safety 38 - Investigation of Accidents 39 - Meetings of Committee 38 - No Disciplinary Action 39 - Safety Measures 38 - Transportation of Accident Victims 39 - Video Display Terminals 39 Accommodation, General Provisions 42 Accumulation, Sick Leave Provisions 27 Addenda, General Provisions 43 Adverse Report/Appointments, Staff Changes 13 Agreement, terms of 44 Amalgamation or Merger, Job Security 42
Sample 1
Joint Benefits Trust. The Participating Hospitals and agree that the maintenance of benefits provided for in this Collective Agreement at the most cost-effective level is an important objective. Accordingly, the parties agree that a joint investigation of a Benefits Trust is worthwhile in order to determine if significant reductions in costs of benefits can be achieved. The parties are committed to: Meet within the first quarter following the ratification of this agreement and every quarter thereafter to determine the following: The methods by which the investigation will take place; Identify potential sources of funding for investigation of the Benefits Trust; Identification of the appropriate method to determine the feasibility of the Trust. Collective Agreement between The Ottawa Hospital and and its Local Expiry September LETTER OF UNDERSTANDING No. Without prejudice to the Union's or Hospitals' rights under the Collective Agreement or the Labour Relations Act, the parties agree that non-unionized employees who are affected (via shall, when entering the bargaining unit, be afforded seniority and service in accordance with the anniversary of their date of hire (or hours worked) from their original Hospital. Such anniversary date shall be calculated in accordance with the relevant provisions of the relevant Collective Agreement.
Sample 1
Joint Benefits Trust. The Participating Hospitals and CUPE agree that the maintenance of benefits provided for in this Collective Agreement at the most cost-effective level is an important objective. Accordingly, the parties agree that a joint investigation of a Benefits Trust is worthwhile in order to determine if significant reductions in costs of benefits can be achieved. The parties are committed to: - Meet within the first quarter following the ratification of this agreement and every quarter thereafter to determine the following: ▪ The methods by which the investigation will take place; ▪ Identify potential sources of funding for investigation of the Benefits Trust; ▪ Identification of the appropriate method to determine the feasibility of the Trust. Without prejudice to the Union's or Hospitals' rights under the Collective Agreement or the Labour Relations Act, the parties agree that non-unionized employees who are affected (via relocation/transfer*) shall, when entering the bargaining unit, be afforded seniority and service in accordance with the anniversary of their date of hire (or hours worked) from their original Hospital. Such anniversary date shall be calculated in accordance with the relevant provisions of the relevant Collective Agreement.
Sample 1
Joint Benefits Trust. The Participating Hospitals and CUPE agree that the maintenance of benefits provided in this collective agreement at the most cost-effective level is an important objective. Accordingly, the parties agree that a joint investigation of a Benefits Trust is worthwhile in order to determine if significant reductions in costs of benefits can be achieved. The parties are committed to: -Meet within the first quarter following the ratification of this agreement and every quarter thereafter to determine the following: • The methods by which the investigation will take place • Identify potential sources of funding for investigation of the Benefits Trust • Identification of the appropriate method to determine the feasibility of the Trust Dated at Midland, Ontario this day of , 2006.
Sample 1
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Joint Benefits Trust. The Participating Hospitals and CUPE agree that the maintenance of benefits provided for in this Collective Agreement at the most cost-effective level is an important objective. Accordingly, the Parties agree that a joint investigation of a Benefits Trust is worthwhile in order to determine if significant reductions in costs of benefits can be achieved. The Parties are committed to: - Meet within the first quarter following the ratification of this Agreement and every quarter thereafter to determine the following: o The methods by which the investigation will take place o Identify potential sources of funding for investigation of the Benefits Trust o Identification of the appropriate method to determine the feasibility of the Trust Dated at , Ontario, this day of , 2016. FOR THE HOSPITAL FOR THE LOCAL UNION SECTION 1: GENERAL INFORMATION/GÉNÉRALITÉS (Please print/Lettres Moulées S.V.P.) Name(s) of Employee(s) Reporting / Nom(s) des Employé (e) (s): Employer/ Unit/Area/Program: Employeur: Unité/Service/Secteur: Date of Occurrence: Time:  7.5 Hr. Shift Date de l’Évènement: Heure: Quart de 7,5 hrs  11.25 Hr. Shift Quart de 11,25 hrs Name of Supervisor: Date/Time Submitted: Nom du Surveillant: Date et heure de soumission: Provide a concise summary of the occurrence/Faites une brève description de la situation: Check one/Cochez une seule case:  Is this an isolated incident?/Est-ce un incident isolé?  An ongoing problem?/Une situation perpétuelle?
Sample 1

Related to Joint Benefits Trust

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations in regard to maternity, parental and adoption leave. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Articles 17.06, 17.07 or 17.08.

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

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • Compensation Benefits and Expenses During the Term, the Bank shall compensate the Executive for his services as provided in this Section 3. Unless otherwise determined by the Company Board, all payments and benefits provided in this Agreement shall be paid or provided solely by the Bank. Notwithstanding anything in this Agreement to the contrary, no provision of this Agreement shall be construed so as to result in the duplication of any payment or benefit. Unless otherwise determined by the Company Board, the Company’s sole obligation under this Agreement shall be to unconditionally guarantee the payment and provision of all amounts and benefits due hereunder to Executive, and the affirmative obligations of the Company as set forth at Section 3(h), herein, with respect to Indemnification, and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

  • 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.

  • SERP Executive is a participant in the BB&T Corporation Non-Qualified Defined Benefit Plan (the “SERP”). The SERP was formerly known as the Branch Banking and Trust Company Supplemental Executive Retirement Plan. The SERP is a non-qualified, unfunded supplemental retirement plan which provides benefits to or on behalf of selected key management employees. The benefits provided under the SERP supplement the retirement and survivor benefits payable from the Pension Plan. Except in the event the employment of Executive is terminated by the Employer or BB&T for Just Cause and except in the event Executive terminates Executive’s employment for any reason other than Good Reason and such termination does not occur within twelve (12) months after a Change of Control (or, if later, within ninety (90) days after a MOE Revocation), the following special provisions shall apply for purposes of this Agreement: (i) The provisions of the SERP shall be and hereby are incorporated in this Agreement. The SERP, as applied to Executive, may not be terminated, modified or amended without the express written consent of Executive. Thus, any amendment or modification to the SERP or the termination of the SERP shall be ineffective as to Executive unless Executive consents in writing to such termination, modification or amendment. The Supplemental Pension Benefit (as defined in the SERP) of Executive shall not be adversely affected because of any modification, amendment or termination of the SERP. In the event of any conflict between the terms of this Section 1.7.7(i) and the SERP, the provisions of this Section 1.7.7 (i) shall prevail. Executive hereby agrees and consents to Employer’s amendment of the SERP to comply with Section 409A.

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree. 2. A surviving eligible retiree who qualifies for a monthly retirement allowance who was married to a retiree who was also eligible for a Grant shall receive the survivor benefit described in D.1., above, or his or her own Grant, whichever is greater. Such retiree shall not be eligible for both Grants.

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2. The Bank shall pay Executive as compensation a salary of not less than [$ ] per year (“Base Salary”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive’s Base Salary shall be reviewed at least annually. Such review shall be conducted by a committee designated by the Board, and the Bank may increase, but not decrease (except a decrease that is generally applicable to all employees) Executive’s Base Salary (with any increase in Base Salary to become “Base Salary” for purposes of this Agreement). Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s fees shall be separately paid to the Executive. (b) Executive will be entitled to participate in and receive benefits under any employee benefit plans including, but not limited to, retirement plans, supplemental retirement plans, pension plans, profit-sharing plans, health-and-accident insurance plans, medical coverage or any other employee benefit plan or arrangement made available by the Bank currently or in the future to its senior executives and key management employees. Executive will be entitled to participate in any incentive compensation and bonus plans offered by the Bank in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. (c) In addition to the Base Salary provided for by paragraph (a) of this Section 3, the Bank shall pay or reimburse Executive for all reasonable travel and other reasonable expenses incurred by Executive performing his obligations under this Agreement and may provide such additional compensation in such form and such amounts as the Board may from time to time determine. The Bank shall reimburse Executive for his ordinary and necessary business expenses including, without limitation, fees for memberships in such clubs and organizations as Executive and the Board shall mutually agree are necessary and appropriate for business purposes, and travel and entertainment expenses, incurred in connection with the performance of his duties under this Agreement.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

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