Optional Benefits Prohibited Sample Clauses

Optional Benefits Prohibited. No Employee shall have the right, privilege or option to receive, instead of the benefits provided hereunder: (a) Any part of the contributions payable by Employers under this Agreement; (b) A cash consideration either upon termination of the plan or his withdrawal from it either voluntarily or through severance of employment with the particular Employer; (c) The cash surrender value of any policy of insurance in lieu of the benefits provided in said policy.
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Optional Benefits Prohibited. No Employee, Beneficiary, or other person shall have the rights, privilege or option to receive, instead of the benefits provided by the Fund: (a) any part of the contributions payable by Employers under this Trust Agreement; (b) a cash consideration either upon termination of the plan of benefits provided hereunder or upon such Employee=s or Participant=s withdrawal from coverage under this Fund, either voluntarily or through severance of employment with any particular Employer; or (c) the cash surrender value of any policy of insurance in lieu of the benefits provided in said policy.
Optional Benefits Prohibited. No Employee or Participant shall have the right, privilege or option to receive, instead of benefits provided hereunder: (a) Any part of the contributions payable by an Employer under this Trust Agreement; or (b) Cash consideration, either upon termination of the Plan, or upon such Participant's withdrawal from coverage under this Trust Fund, either voluntarily or involuntarily.

Related to Optional Benefits Prohibited

  • Optional Benefits Optional Group Life Insurance

  • Additional Benefits During the term of this Agreement, the Employee shall be entitled to the following fringe benefits:

  • General Benefits During the Term of Employment, the Executive shall be entitled to participate in such employee pension and welfare benefit plans and programs of the Company as are made available to the Company's senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, health, medical, dental, long-term disability, travel accident and life insurance plans.

  • Educational Benefits The Employer agrees to provide educational benefits to employees that are in permanent status as of the first day of the quarter they are registering in accordance with the Employer’s space-available tuition waiver policy and employee 50% operating fee tuition waiver policy, to include:

  • Right to Severance Benefits The Executive shall be entitled to receive from the Company Severance Benefits, as described in Section 3.3 herein, if there has been a Change in Control of the Company and if, within twenty-four (24) calendar months following the Change in Control, a Qualifying Termination of the Executive has occurred. The Executive shall not be entitled to receive Severance Benefits if he/she is terminated for Cause, or if his/her employment with the Company ends due to death, Disability, or Retirement or due to a voluntary termination of employment by the Executive without Good Reason.

  • Alternate Payment and Notice Provisions Notwithstanding any provision of this Indenture or any of the Notes to the contrary, the Issuer may enter into any agreement with any Holder of a Note providing for a method of payment, or notice by the Indenture Trustee or any Paying Agent to such Holder, that is different from the methods provided for in this Indenture for such payments or notices. The Issuer will furnish to the Indenture Trustee a copy of each such agreement and the Indenture Trustee will cause payments to be made and notices to be given in accordance with such agreements.

  • Payment of Salary and Receipt of All Benefits Employee acknowledges and represents that, other than the consideration set forth in this Agreement, the Company has paid or provided all salary, wages, bonuses, accrued vacation/paid time off, premiums, leaves, housing allowances, relocation costs, interest, severance, outplacement costs, fees, reimbursable expenses, commissions, stock, stock options, vesting, and any and all other benefits and compensation due to Employee.

  • Certain Benefits Executive will be eligible to participate in all employee benefit programs established by Employer that are applicable to management personnel such as medical, pension, disability and life insurance plans on a basis commensurate with Executive’s position and in accordance with Employer’s policies from time to time, but nothing herein shall require the adoption or maintenance of any such plan.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • TREATMENT OF FRINGE BENEFITS The fringe benefits are charged using the rate(s) listed in the Fringe Benefits Section of this Agreement. The fringe benefits included in the rate(s) are listed below. Vacation, holiday, sick leave pay and other paid absences are included in salaries and wages and are claimed on grants, contracts and other agreements as part of the normal cost for salaries and wages. Separate claims are not made for the cost of these paid absences.

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