Joint Retirement Board Sample Clauses

Joint Retirement Board. (a) The membership of the Joint Retirement Board will include two (2) employee representatives and two (2) Company representatives. One regular meeting will be scheduled each year, at which the actuarial valuation and other financial and statistical reports will be presented. Urgent applications for early retirement, which cannot be held up for the regularly scheduled meeting, will be dealt with by a quorum after contacting the Union representatives by telephone.
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Joint Retirement Board. (a) The membership of the Joint Retirement Board will include two (2) employee representatives and a third member who shall be a National Officer or his designee. Three (3) regular meetings will be scheduled each year, including a meeting at which the actuarial valuation and other financial and statistical reports will be presented. Urgent applications for early retirement, which cannot be held up for the regularly scheduled meetings, will be dealt with by a quorum after contacting the Union Representatives by telephone. (b) The Company will arrange and pay transportation and hotel expenses (when necessary) plus $25.00 a day to cover meals and incidental charges for the Union Retirement Board members who are employees. Scheduled days lost will be paid for on the basis of eight (8) hours per day at the employees’ regular rates.
Joint Retirement Board. (a) Management and Union will have equal joint representation as pension committee members, with independent voting Chairman; (b) The pension plan actuary will be selected by the pension committee and copies of all reports to New St. Marys will be delivered to the Union; (c) Actuarial valuations will be prepared as required by law and annual reports will be delivered by the plan actuaries to the pension committee members; (d) The Company will arrange and pay transportation and hotel expense (when necessary) plus $25.00 a day to cover meals and incidental charges for the Union Retirement Board members who are employees. Scheduled days lost will be paid for on the basis of eight (8) hours per day at the employees' regular rates.
Joint Retirement Board. The member- ship of the Joint Retirement Board include two employee representa- xxxxx and a third member who shall be a National Officer or his designee. Three (3) regular meetings will be scheduled each year, including a meet- ing at which the actuarial valuation and other financial and reports will be presented. Urgent applications for early retirement, which cannot be held up for the regu- larly scheduled meetings, will be dealt with by a quorum after contact- ing the Union Representatives by telephones. The Company will and pay transportation and hotel expenses (when necessary) plus a day to cover meals and incidental charges for the Union Board members who are employees. Sched- uled days lost will be paid for on the basis of eight (8) hours per day at the employees' rate:;. Meals An employee who required to work more than two (2) hours beyond the end of his regular shift will bo provided with at hot meal. Thereafter, an additional hot meal will be supplied at four (4) hour intervals unless the fourth (4th) hour completes his work assignment. Punch Cards If the Company changes, amends or alters an employee's punch card for reason, the employee will be notified before the end of the current pay period. Card rates will be updated to reflect the level of operation, permanent promotion or demotion. Metrification The Company will pay the cost of all education related to' the metric system if such education is deemed necessary by the Company. In those cases where an employee already owns a in Imperial measure and the Company requires him to own the equivalent tool in metric measure, the Company will pay for of the cost of required metric tool.
Joint Retirement Board. The Company will arrange and pay transportation and hotel expenses (when necessary) plus $25.00 a day to cover meals and incidental charges for the Union Retirement Board members who are employees. Scheduled days lost will be paid for on the basis of twelve (12) hours or eight (8) hours per day, whichever is applicable, at the employee’s regular rate of pay. Signed this day of , 20 at Thunder Bay, Ontario. Cascades Fine Papers Group Communications, Energy and Thunder Bay Inc. Paperworkers Union, Local 279
Joint Retirement Board. The membership of the Joint Retirement Board will include two employee repre- sentatives and a third member who shall be a National Officer or his designee. Three regular meetings will be sched- uled each year, including a meeting at which the actuarial valuation and other financial and statistical reports will be presented. Urgent applications for early retirement, which cannot be held up for the regularly scheduled meet- ings, will be dealt with by a quorum after contacting the Union Representa- tives by telephone. The Company will arrange and pay and hotel expense (when nec- xxxxxx) plus a day to cover meals and incidental charges for the Union Retirement Board members who are employees. Scheduled days lost will be paid for on the basis of eight hours per day at the employees' regular rates. The attached schedule of wage rates (Appendix shall be effective under this agreement. (306) per hour shall be paid for all hours worked on tour or shift occupations between the hours of and midnight and a shift differential of forty cents per hour shall be paid for all hours worked on tour or shift occupations between the hours of midnight and This shift differential shall not apply to day workers on overtime work. Tour and shift workers absent on Xxxx- tions, Holidays with Pay, paid Sick Leave, Leave or Jury shall not be entitled to the night shift differential. When equipment of a type new t o the m i l l or a major change i n the process system results i n the creation of a new job or jobs, every effort w i l l be made to determine a perma- nent rate for the job or jobs within three (3) months of the date a t which the duties and res- ponsibilities are definitely established. It is the Company's responsibility t o decide the necessity for providing replacement foremen. When i t is necessary t o move a man up t o replace an hourly rated xxxxxxx, the Company w i l l pay the rate the job. Men assigned res- i n the absence of a salaried xxxxxxx or a superintendent shall receive a premium of per hour while they are carrying such respon- sibility. Where i n specific cases present policy is more generous than that i n the wording above, then the present policy shall be continued. It is understood that when foremen are absent for one day or more, the Company w i l l set up another man to carry the xxxxxxx'x responsibility during such absence. It is further understood that the Company reserves the right to determine when i t is necessary t o set up a replacement for a su...

Related to Joint Retirement Board

  • Pre-Retirement Counseling Leave Each employee within four (4) years of chosen retirement age or date shall be granted, on a one-time basis, up to three and one-half (3-1/2) days leave with pay to pursue bona fide pre-retirement programs. Employees shall request the use of leave provided in this Section at least five (5) days prior to the intended day of use.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Public Employees Retirement System “PERS”) Members.

  • Disability Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

  • Supported Employment Natural Supports

  • 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.

  • 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.

  • Pre-Retirement Death Benefit (a) Normal form of payment. If (i) the Director dies while employed by the Bank, and (ii) the Director has not made a Timely Election to receive a lump sum benefit, this Subsection 4.1(a) shall be controlling with respect to pre-retirement death benefits. The balance of the Director=s Retirement Income Trust Fund, measured as of the later of (i) the Director=s death, or (ii) the date any final lump sum Contribution is made pursuant to Subsection 2.1(b), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable for the Payout Period. Such benefits shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is less than the rate of return used to annuitize the Retirement Income Trust Fund, no additional contributions to the Retirement Income Trust Fund shall be required by the Bank in order to fund the final benefit payment(s) and make up for any shortage attributable to the less-than-expected rate of return. Should Retirement Income Trust Fund assets actually earn a rate of return, following the date such balance is annuitized, which is greater than the rate of return used to annuitize the Retirement Income Trust Fund, the final benefit payment to the Director=s Beneficiary shall distribute the excess amounts attributable to the greater-than-expected rate of return. The Director=s Beneficiary may request to receive the unpaid balance of the Director=s Retirement Income Trust Fund in a lump sum payment. If a lump sum payment is requested by the Beneficiary, payment of the balance of the Retirement Income Trust Fund in such lump sum form shall be made only if the Director=s Beneficiary notifies both the Administrator and trustee in writing of such election within ninety (90) days of the Director=s death. Such lump sum payment shall be made within thirty (30) days of such notice. The Director=s Accrued Benefit Account (if applicable), measured as of the later of (i) the Director's death or (ii) the date any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account pursuant to Subsection 2.1(c), shall be annuitized (using the Interest Factor) into monthly installments and shall be payable to the Director's Beneficiary for the Payout Period. Such benefit payments shall commence within thirty (30) days of the date the Administrator receives notice of the Director=s death, or if later, within thirty (30) days after any final lump sum Phantom Contribution is recorded in the Accrued Benefit Account in accordance with Subsection 2.1(c).

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

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