Local Pension Sample Clauses

Local Pension. Employees working under this agreement will be allowed to participate in the local pension program which is provided for journeyman electricians in the local union jurisdiction from which they have their membership, but the contribution rate shall be as follows: Apprentice Technician The same percentages (%) as wages of the journeyman technician, paid per hour worked, contributed by the employer. Installer NO CONTRIBUTION IBEW Local Union #13 Effective 12/01/16, the contribution shall be $2.55 per hour worked, contributed by the employer for Xxxxxxx and Journeyman Technician. Effective 12/01/16, the contribution shall be $2.84 per hour worked, contributed by the employer for Xxxxxxx and Journeyman Technician. Effective 12/01/16, the contribution shall be $4.82per hour worked, contributed by the employer for Xxxxxxx and Journeyman Technician. Effective 12/01/16, the contribution shall be $3.30 per hour worked, contributed by the employer for Xxxxxxx and Journeyman Technician. Effective 12/01/16, the contribution shall be $2.45 per hour worked, contributed by the employer for Xxxxxxx and Journeyman Technician. Effective 12/01/16, the contribution shall be $3.83 per hour worked, contributed by the employer for Xxxxxxx and Journeyman Technician.
Sample 1
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Local Pension. During the continuance o f this collective bargaining agreem ent, the Employer shall pay into the Central Pension Fund of the International Union of Operating Engineers and Participating Employers, on the account of each member of the bargaining unit, an hourly sum for every hour fo r which compensation was paid. The purpose of said payments shall be to provide retirem ent benefits for eligible employees pursuant to the provisions o f said Pension Fund. The stipulated am ount of any said sum is defined and set forth on the following basis: Effective July 1, 2006, an hourly sum of one dollar ($1.00) per compensable hour for all bargaining unit employees w ill be deducted from the employee's hourly rate of pay and contributed Central Pension Fund.
Sample 1
Local Pension. Upon completion of 4,000 hours of documented work experience and successful completion of training requirements as established by the local JATC.
Sample 1
Local Pension. If the m ajority o f bargaining unit members vote to do so, the College w ill divert an agreed upon am ount of th e ir hourly wages to the Central Pension Fund o f th e International Union of Operating Engineers and Participating Employers for each member of the bargaining unit for which compensation was paid. The purpose of said payments shall be to provide retirem ent benefits for eligible employees pursuant to the provisions of said Pension Fund.
Sample 1
Local Pension. (a) Employer agrees to be bound by the Agreement and Declaration of Trust entered into June 1, 1972, establishing the NECA-IBEW Pension Trust Fund and by any amendments to said Trust Agreement. (b) Employer irrevocably designates as his representative among the Trustees of said fund such Trustees as are named in said Agreement and Declaration of Trust as Employer Trustees, together with their successors selected in the manner provided in said Agreement and Declaration of Trust as that document may be amended from time to time. (c) The Employer shall contribute into the NECA-IBEW Pension Trust Fund, the amount listed below, for each hour worked in the preceding month, for all Employees covered by this Agreement, with the exception of 1st and 2nd Period Apprentices: (d) Effective 3/1/22 the hourly contribution rate shall be $3.55. (e) Contributions shall be made on or before the 15th of the month following the month for which they are due. Payment by separate check shall be mailed to NECA-IBEW Pension Trust Fund, 0000 Xxxxxxx Xxxxxx, Decatur, Illinois, 62526.
Sample 1
Local Pension. 29.1 During the continuance of this collective bargaining agreement, the Employer shall pay into the Central Pension Fund of the International Union of Operating Engineers and Participating Employers, on the account of each member of the bargaining unit, an hourly sum for every hour for which compensation was paid. The purpose of said payments shall be to provide retirement benefits for eligible employees pursuant to the provisions of said Pension Fund. The stipulated amount of any said sum is defined and set forth on the following basis: 29.1.1 Effective July 1, 2006, an hourly sum of one dollar ($1.00) per compensable hour for all bargaining unit employees will be deducted from the employee’s hourly rate of pay and contributed Central Pension Fund.
Sample 1
Local Pension. Subsection (a) For employees working under the Agreement the Employer shall contribute $1.50 for each hour worked to the Money Purchase Plan of the Alameda County Electrical Workers Pension Fund. By executing an Assent to this Agreement the Employer also agrees to be bound to the Alameda County Electrical Workers Pension Trust Agreement.
Sample 1
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Local Pension. (a) Employer agrees to be bound by the Agreement and Declaration of Trust entered into June 1, 1972, establishing the NECA-IBEW Pension Trust Fund and by any amendments to said Trust Agreement. (b) Employer irrevocably designates as his representative among the Trustees of said fund such Trustees as are named in said Agreement and Declaration of Trust as Employer Trustees, together with their successors selected in the manner provided in said Agreement and Declaration of Trust as that document may be amended from time to time. (c) The Employer shall contribute into the NECA-IBEW Pension Trust Fund, in accordance with subsections 1., 2., and the tables shown below, for each hour worked in the preceding month, for all Employees covered by this Agreement, with the exception of 1st and 2nd Period Apprentices: 1. On behalf of Journeymen / wiremen an amount equal to the amount listed in the table below for each hour which the employer is obligated to compensate these employees under the terms of the collective bargaining agreement and; 2. On behalf of Apprentices indentured after March 1, 2006, who are members of the Union an amount based upon the appropriate Apprentice scale (%) shown here below multiplied by the full amount received by Journeymen / wiremen. Peoria Division $6.90 XXX XXX TBD Galesburg Division $6.90 XXX XXX TBD QuincyDivision $5.07 XXX XXX TBD 2001 to 3500 – 55% of the contribution rate above 3501 to 5000 – 65% of the contribution rate above 5001 to 6500 – 75% of the contribution rate above 6501 to 8000 – 80% of the contribution rate above 8001 to completion – 90% of the contribution rate above (d) Contributions shall be made on or before the 15th of the month following the month for which they are due. Payment by separate check shall be mailed to NECA-IBEW Pension Trust Fund, 0000 Xxxxxxx Xxxxxx, Decatur, Illinois, 62526.
Sample 1

Related to Local Pension

  • 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.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Taxes; Pensions Timely file, and require each of its Subsidiaries to timely file, all required tax returns and reports and timely pay, and require each of its Subsidiaries to timely pay, all foreign, federal, state and local taxes, assessments, deposits and contributions owed by Borrower and each of its Subsidiaries, except for deferred payment of any taxes contested pursuant to the terms of Section 5.9 hereof, and shall deliver to Bank, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time-to-time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time-to-time by the Company for the benefit of its senior executives, other than any annual cash incentive plan.

  • 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).

  • Public Benefit It is Reaction Retail’s understanding that the commitments it has agreed to herein, and actions to be taken by Reaction Retail under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Reaction Retail that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Reaction Retail’s failure to provide a warning concerning exposure to DEHP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Reaction Retail is in material compliance with this Settlement Agreement.

  • Required Beginning Date The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the Participant’s required beginning date.

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