Other Non-Pension Benefits Sample Clauses

Other Non-Pension Benefits. The Parties will continue to use all reasonable efforts and will cooperate to identify, on or before March 15, 2003, all outstanding Employee perquisites, benefits or arrangements not otherwise addressed in this Article 5 (“Outstanding Perquisites”) that may, by agreement of the Parties, be accounted for, assumed by or transferred to ABS, effective as of the time of Closing on the Closing Date or the Transfer of Employment Date, as applicable. To the extent that the Outstanding Perquisites are reasonably similar or comparable to the BCH Benefit Plans listed in Schedule A or the BCH Employment Agreements listed in Schedule C, such Outstanding Perquisites may, by agreement of the Parties, be accounted for, assumed by or transferred to ABS, in a manner that is generally consistent with the terms and conditions set forth in this Agreement or that is otherwise generally consistent with transactions of this nature. The provisions of this Section 5.8 shall not modify or affect, in any respect, the representations and warranties of BCH and Westech set forth in Section 9.1 or any rights or remedies available to ABS arising out of any breach thereof. By way of illustration, the Parties have agreed that BCH loans (secured by mortgages) made to a limited number of the Transferred Employees will continue to be owned and held by BCH after the Transfer of Employment Date. To the extent permitted by applicable Law, ABS will continue the practice of deducting the mortgage payments payable to BCH from the Transferred Employees’ pay cheque on behalf of BCH and will set off such mortgage payments against charges to BCH set forth in invoices issued under the Master Services Agreement. The amount of the mortgage payment set off shall be recorded as such on each invoice.
Sample 1
AutoNDA by SimpleDocs

Related to Other Non-Pension Benefits

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • ' COMPENSATION BENEFITS In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Vision Benefits The County provides vision benefits to full-time active employees and their dependent(s), and computer vision care benefits to full-time active employees, with no employee contribution. Part-time employees will be enrolled automatically in the vision benefit and the County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Article 5.2.6. Benefit provisions, co-payments and deductibles are outlined in the Summary Plan Description or Evidence of Coverage.

  • 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.

  • Superannuation Benefits (a) An employer may make an application to the Commission for relief from the obligation to make severance payments in circumstances where:

  • Short Term Disability Benefits Paragraph 1: The Board shall provide short term disability benefits as set forth in the Short Term Disability Summary Plan Description. Short term disa- bility benefits for disabilities resulting from non-occupational illness or injury, shall be paid at the rate of 70% of the teacher’s regular daily rate, subject to all applicable deductions. A teacher may choose to save up to five (5) accumulat- ed temporary leave days. Following the exhaustion of temporary leave, there is a five day waiting period before short term disability benefits begin. The five day waiting period will be waived for absences greater than 30 calendar days and short term disability payments shall be paid retroactively.

Time is Money Join Law Insider Premium to draft better contracts faster.