Other Post Sample Clauses

Other Post. Closing Liabilities. Any and all Liabilities arising out of DataNet'S operation and ownership of the Assets on or after the Closing Date.

Other Post retirement Employee LIPA recognizes that these costs should be recovered from the rate Benefits payers. If LILCO funds this obligation with the proceeds of assumable, callable debt, and if in LIPA's sole judgment the future costs/risks to the rate payers can be reduced by assuming this debt in lieu of paying the avoided annual charge, LIPA will assume such debt.

Other Post. Employment Benefits Employee Contribution Trust Account - Each employee shall pay the equivalent of 0.5% of their annual pay into an OPEB Trust Fund established to receive employee contributions. Payments shall be payable, in equal installments for each payroll period, in the amount equal to 0.5% of the employee’s pay rate for that pay period.

Other Post. Signing Actions and Undertakings

Other Post. Employment Benefits ("OPEB") 1. Other Post-Employment Benefits (OPEB) means group insurance benefits provided by the University to retirees and their beneficiaries in respect of coverage under life insurance and supplementary health and dental plans. 2. Consistent with past practice, former employees who are deferred pensioners within the meaning of the Memorial University Pension Plan are not entitled to OPEB. 3. Current employees as of the date of signing of the collective agreement who retire with an immediate pension not later than March 31, 2024, with a minimum of five (5) years' pensionable service shall qualify for OPEB. 4. Current employees as of the date of signing of the collective agreement who retire after March 31, 2024, and who have a minimum of 10 years pensionable service shall be eligible for OPEB upon immediate retirement. 5. As per clauses 3 and 4, current employees must retire and commence receipt of a pension immediately on ceasing active employment at the University to qualify for OPEB. Such employees shall pay 50% of the premium applicable to the group insurance plans they elect to continue, and the University shall pay 50%. 6. Employees who are hired subsequent to the date of signing of the collective agreement ("Newly Hired Employees"), shall qualify for OPEB only where such employees have a minimum of fifteen (15) years' pensionable service and commence receipt of a pension immediately on ceasing active employment. 7. Former employees who are rehired following loss of seniority subsequent to the date of signing of the collective agreement shall be considered to be Newly Hired Employees for the purpose of OPEB eligibility. 8. Notwithstanding clause 7 above, employees with service prior to the date of signing of the Collective Agreement who are employed outside the bargaining unit and are re-employed in a CUPE bargaining unit position subsequent to the date of signing of the Collective Agreement without a break in service at the University shall not be considered to be Newly Hired Employees for the purpose of OPEB eligibility. 9. Employees who do not meet the criteria noted in clauses 3, 4 or 6 above shall not be entitled to OPEB on ceasing active employment at the University.

Other Post. CLOSING COVENANTS 16.1. GFI's Employees.....................................................43 16.2.