PENSION AGREEMENT. The Company has adopted the Embarq Pension Component of the CenturyLink Combined Pension Plan (the “Retirement Pension Plan”) and except as provided in Section 3 below, agrees to include Eligible Employees covered by this Agreement as Members of such Retirement Pension Plan in accordance with the Pension Agreement below. Said Pension Agreement shall be continued without modification for the life of this Agreement; provided, however, the Company (and for this purpose only “Company” shall include Embarq Corporation) retains the right to make such changes in the Retirement Pension Plan, in its sole discretion, as may be required to obtain a ruling from the Commissioner of Internal Revenue that the Retirement Pension Plan qualifies under Section 401(a) of the Internal Revenue Code of 1986, as amended from time to time, and that the Trust implementing the Retirement Pension Plan is exempt from taxation under Section 501(a) of said Code, to satisfy any applicable state or federal statute, regulation, ruling, court decision or other law applicable to said Retirement Pension Plan, or to administer said Retirement Pension Plan in an orderly and efficient manner. Except as provided in Section 3 below, any such action taken by the Company in its sole discretion with respect to the Retirement Pension Plan shall apply to all similarly situated employees of the Company in a uniform manner. The Company pays all contributions to the Retirement Pension Plan. Nothing within this Agreement shall constitute an amendment to the Retirement Pension Plan, which is subject to its terms and conditions. In the event of an inconsistency between this Agreement and the Retirement Pension Plan document, the terms of the Retirement Pension Plan document shall govern. Administration of the Embarq Pension Component of the CenturyLink Combined Pension Plan and benefit disputes are not subject to the grievance or arbitration procedure set forth in this Agreement.
PENSION AGREEMENT. Consistent with the provisions of the preceding Agreement in this reward, and in order to enable compliance with the law, the Company is authorized to make required changes in the Pension Plan now in effect to comply with current law.
PENSION AGREEMENT. 23.01 The Pension Agreement between the parties is supplemental to this Agreement. Effective January 1 2018 the normal retirement age shall be sixty-two (62) and the basic pension shall be forty-eight dollars and fifteen cents ($48.15) per month per year of service not exceeding forty (40) years. Early retirement will be a supplement of fifteen (15) dollars x years of credited service, not exceeding thirty (30) years, less Old Age Security payable and less CPP payable (subject to the provisions of early retirement).
PENSION AGREEMENT. In accordance with the provisions of Item 6 of the September 30, 2000 Memorandum of Understanding between Air Canada and CALDA Councils 1 and 2, the Parties agreed to the following Pension related changes:
PENSION AGREEMENT. The Pension Agreement between VARTA Gerätebatterie GMBH and the Executive dated May 17, 1989 including the supplement of July 1, 1999, which was assumed by the Company, shall continue and remain in full force and effect.
PENSION AGREEMENT. MEMORANDUM OF UNDERSTANDING: Between Long Beach Public Transportation Company and Amalgamated Transit Union Local 1277, AFL-CIO: It is hereby understood and agreed that those portions of the Agreement between the parties specifically enumerated under Article 17 entitled "Pension Agreement", are hereby amended as follows:
PENSION AGREEMENT. The Pension Agreement shall have been executed by the parties thereto and be in full force and effect.
PENSION AGREEMENT. The parties to this agreement have provided for a pension signed by the parties. No matter respecting the pension plan shall be subject to the grievance procedure established in the collective agreement. APPENDIX "G" RULES FOR ADMINISTRATION CONCERNING EQUALIZATION OF OVERTIME WORK SKILLED & UNSKILLED EMPLOYEES The following procedures will be applied in all departments for logging overtime hours.
PENSION AGREEMENT. The parties to this agreement have provided for a pension signed by the parties. No matter respecting the pension plan shall be subject to the grievance procedure established in the collective agreement. APPENDIX RULES FOR ADMINISTRATION
PENSION AGREEMENT. The agreement for a supplementary retirement and/or survival pension, retirement lump sum and/or lump sum death benefit, granted by a pension provider to one or more company managers and/or their rightful claimants. Personal contribution agreement: The agreement which is financed by personal contributions. Premiums: The company's contributions and/or the personals contribution. They may include the risk premiums and the single premiums.
