Occupational pension Sample Clauses

Occupational pension. (1) QIAGEN offers the Employee participation in a deferred compensation scheme of a support fund, amounting to EUR 6,000.00 gross per year. (2) If the Employee utilises the deferred compensation scheme to the full amount, QIAGEN will pay the Employee an allowance of EUR 12,000.00 per year.
AutoNDA by SimpleDocs
Occupational pension. An occupational pension must be taken out for all employees in accordance with the agreement in force from time to time on the ITP plan section 1 between the Confederation of Swedish Enterprise and PTK and Flexpension in performing arts companies. In addition to old-age pension, ITP also includes sickness pension in case of long-term illness (more than 90 days of sick leave). Employers that are already covered by ITP sections 1 and 2 before joining the Swedish Performing Arts Association must, according to the ITP regulations, remain covered by ITP sections 1 and 2, unless a transfer to the performing arts industry’s pension scheme ITP 1 plus additional premiums is granted by the ITP committee. Employers that were covered by the Pisa Ordinance on 31 December 2014 must also pay additional premiums agreed by the Swedish Performing Arts Association and PTK’s Swedish Performing Arts Association negotiating group for changing pension schemes. For employees who, according to the Government’s decision to phase out the Pisa Ordinance, are to remain in the old pension scheme, the employer must continue to pay premiums to the National Government Employee Pensions Board (SPV) under the Pisa Ordinance, as well as to Pensionsvalet under the collective agreement between the Swedish Performing Arts Association and PTK on defined contribution individual retirement pension (AIP). For employees covered by the transitional rules of the Pisa system, the entitlement to sick pay continues to apply for 180 days per case of sickness (where they are not covered by ITP sickness pension).
Occupational pension. The occupational pension follows the pension requirements of _____, which is an integrated part of this contract. The employer, however, has the right to change these requirements, provided the acquired rights of the employee are maintained.
Occupational pension ixxxxxxxx Xxx Xxmpany undertakes to pay premiums for occupational pension insurance policies, in the following amounts: - 35% of salary amount up to 20 times the Swedish base amount, and - 25% of salary amount in the interval between 20 and 30 times the Swedish base amount. However, the Company will not pay premium amounts in excess of such amount for which the Company may claim tax deduction in accordance with ss.23 of the Municipal Council Taxation Act, 20th paragraph (specifically, the Alternative Rule). In accordance with the purchase arrangements for these policies, the Company shall be the owner of the policies and Lars Westerberg shall be the insured. The Company undertakes to xxxx xxx xxxxxxt of the premiums on a monthly basis, up to and including the month immediately prior to the month when Lars Westerberg attains the age of 60. However, only as long as Lxxx Xxxxxxxxxx is in the employ of the Company, including the laxx xxxxx xx xxxloyment. The pension agreement in respect of the collective Swedish ITP plan (supplementary pension for salaried employees in industry and commerce) as determined between the Swedish Employers' Federation (SAF) and the Negotiation Cartel for Salaried Employees in the Private Business Sector (PTK), as well as the Company's general supplementary plan that is registered through SPP Life Insurance Company Ltd and which pertains to pension benefits for salary amounts in excess of 30 times the Swedish base amount, shall not apply for Lars Westerberg.
Occupational pension 

Related to Occupational pension

  • 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.

  • 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.

  • 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.

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

  • Special Maternity Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.02(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or the Government Employees Compensation Act prevents her from receiving Employment Insurance or Québec Parental Insurance Plan maternity benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.02(a), other than those specified in sections (A) and (B) of subparagraph 17.02(a)(iii), shall be paid, in respect of each week of maternity allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of her weekly rate of pay and the gross amount of her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.02 for a combined period of no more than the number of weeks during which she would have been eligible for maternity benefits under the Employment Insurance or Québec Parental Insurance Plan had she not been disqualified from Employment Insurance or Québec Parental Insurance maternity benefits for the reasons described in subparagraph (a)(i).

  • 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.

  • Deductions from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days (exclusive of holidays) absent for sick leave.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • 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.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!