Long Term Salary Indemnity Sample Clauses

Long Term Salary Indemnity. Long-Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit: 70% of salary to a maximum of $3,792. Duration of benefit: until retirement or as otherwise provided. Benefit effective: upon expiration of Short-Term Salary Indemnity coverage. Eligibility: Regular faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following date of appointment as regular. Temporary faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following one year of continuous service at half-time or more. The premium cost of Long-Term Salary Indemnity coverage shall be borne entirely by the faculty member and shall be paid by means of payroll deductions.
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Long Term Salary Indemnity. All eligible employees shall participate in the Salary Indemnity Plan. Long Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of Benefit: seventy percent (70%) of salary to a maximum of two thousand, nine hundred and fifty dollars ($2,950) per month.
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Long Term Salary Indemnity. Long Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit - 65% of salary to a maximum of $1,720 per month Duration of benefit - until retirement or as otherwise provided Benefit effective - upon expiration of Short Term Salary Indemnity coverage The premium cost of Long Term Salary Indemnity coverage shall be borne entirely by the employee and shall be paid by means of payroll deductions. Should the Union wish to increase the level of coverage for Long Term Disability and Weekly Indemnity benefits, this shall be done through the vehicle of the Benefits Committee. O Gratuity Plan
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Long Term Salary Indemnity. Long-Term Salary Indemnity is provided effective August 1, 1978, in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit -- 70% of salary to a maximum of $2,404 per month. Duration of benefit -- until retirement or as otherwise provided Benefit effective -- upon expiration of Short-Term Salary Indemnity coverage.
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Long Term Salary Indemnity. Long-Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit: 70% of salary to a maximum as shown: Effective Dates Monthly Maximum April 1, 2004 $2,404 September 1, 2005 $3,292 June 1, 2006 $3,456 August 1, 2006 $3,490 April 1, 2007 $3,591 April 1, 2008 $3,691 April 1, 2009 $3,792 Duration of benefit: until retirement or as otherwise provided. Benefit effective: upon expiration of Short-Term Salary Indemnity coverage. Eligibility: Regular faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following date of appointment as regular. Temporary faculty employed one-half (1/2) time or more: Coverage commences on the first day of the month coincident with or following one year of continuous service at half-time or more. The premium cost of Long-Term Salary Indemnity coverage shall be borne entirely by the faculty member and shall be paid by means of payroll deductions.
Sample 1
Long Term Salary Indemnity. Long Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of benefit - 65% of salary to a maximum of $1,720 per month Duration of benefit - until retirement or as otherwise provided Benefit effective - upon expiration of Short Term Salary Indemnity coverage XIV EMPLOYEE BENEFITS (Cont'd) The premium cost of Long Term Salary Indemnity coverage shall be borne entirely by the employee and shall be paid by means of payroll deductions.
Sample 1
Long Term Salary Indemnity. (cont'd) Should the Union wish to increase the level of coverage for Long Term Disability and Weekly Indemnity benefits, this shall be done through the vehicle of the Benefits Committee. N Gratuity Plan
Sample 1
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Long Term Salary Indemnity. All eligible employees shall participate in the Salary Indemnity Plan. Long Term Salary Indemnity is provided in accordance with the terms of the contract with the insuring company on the following general basis: Amount of Benefit: 70% of salary to a maximum of $2,275 per month. Duration of Benefit: until retirement or as otherwise provided. Benefit Effective: upon expiration of Short Term Salary Indemnity coverage. The premium cost of Long Term Salary Indemnity coverage shall be borne entirely by the employee and shall be paid by means of payroll deductions.
Sample 1

Related to Long Term Salary Indemnity

  • Compensation and Indemnity The Company, Holdings and the Guarantors shall, jointly and severally, pay to the Trustee from time to time such compensation for its acceptance of this Indenture and services hereunder as the parties shall agree from time to time. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company, Holdings and the Guarantors shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it in addition to the compensation for its services. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. The Company, Holdings and the Guarantors, jointly and severally, shall indemnify the Trustee against any and all losses, claims, damages, liabilities or expenses (including reasonable attorneys’ fees and expenses) incurred by it arising out of, or in connection with, the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company, Holdings and the Guarantors (including this Section 7.07) and defending itself against any claim (whether asserted by the Company, Holdings and the Guarantors or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss, liability or expense shall be determined to have been caused by its own negligence or willful misconduct. The Trustee shall notify the Company, Holdings and the Guarantors promptly of any claim of which a Responsible Offer has received notice for which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim, and the Trustee shall cooperate in the defense. The Trustee may have separate counsel, and the Company shall pay the reasonable fees and expenses of such counsel. The Company, Holdings and the Guarantors need not pay for any settlement made without their consent, which consent shall not be unreasonably withheld. The obligations of the Company, Holdings and the Guarantors under this Section 7.07 shall survive the resignation or removal of the Trustee, the satisfaction and discharge and the termination of this Indenture. To secure the Company’s, Holdings’ and the Guarantors’ payment obligations in this Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and interest on particular Notes. Such Lien shall survive the resignation or removal of the Trustee, the satisfaction and discharge and the termination of this Indenture. In addition, and without prejudice to the rights provided to the Trustee under any of the provisions of this Indenture, when the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.01(f) or (g) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. “Trustee” for purposes of this Section shall include any predecessor Trustee and the Trustee in each of its capacities hereunder and each agent, custodian and other person employed to act hereunder; provided, however, that the negligence, willful misconduct or bad faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. The Trustee shall comply with the provisions of TIA § 313(b)(2) to the extent applicable.

  • Reciprocal Compensation Arrangements Pursuant to Section 251(b (5) of the Act

  • Severance Payments 6.1 If the Executive's employment is terminated following a Change in Control and during the Term, other than (A) by the Company for Cause, (B) by reason of death or Disability, or (C) by the Executive without Good Reason, then the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 6.1 ("Severance Payments") and Section 6.2, in addition to any payments and benefits to which the Executive is entitled under Section 5 hereof; provided, however, that the Executive shall not be entitled to the Severance Payments unless and until the Executive (or, in the event of the Executive's death, the executor, personal representative or administrator of the Executive's estate) has signed a written waiver and release substantially in the form set forth on Exhibit A hereto. For purposes of this Agreement, the Executive's employment shall be deemed to have been terminated following a Change in Control by the Company without Cause or by the Executive with Good Reason, if (i) during the Term the Executive's employment is terminated by the Company without Cause following a Potential Change in Control but prior to a Change in Control (whether or not a Change in Control ever occurs) and such termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, (ii) during the Term the Executive terminates his employment for Good Reason following a Potential Change in Control but prior to a Change in Control (whether or not a Change in Control ever occurs) and the circumstance or event which constitutes Good Reason occurs at the request or direction of such Person or (iii) during the Term the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason and such termination or the circumstance or event which constitutes Good Reason is otherwise in connection with or in anticipation of a Change in Control (whether or not a Change in Control ever occurs). An Executive will not be considered to have been terminated by reason of the divestiture of a facility, sale or other disposition of a business or business unit, or the outsourcing of a business activity with which the Executive is affiliated, notwithstanding the fact that such divestiture, sale or outsourcing takes place within two years following a Change in Control, if the Executive is offered comparable employment by the successor company and such successor company agrees to assume the Company's obligations to the Executive under this Agreement.

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