PENSION AND INSURANCES. 12.1 The Company will, to an occupational pension insurance designated by the Employee, pay a monthly premium equaling 30 % (thirty percent) of the Salary in section 5, Bonus from section 6 and vacation pay from section 14, Annual Leave. The Company’s commitment is at all times limited to contributing this premium. To the extent the premium to the occupational pension exceeds what is fully deductible for tax purposes for the Company, the exceeding amount shall instead be paid to the Employee as direct pension (Sw. direktpension) upon retirement. The pension commitment shall be secured through an endowment insurance (Sw. kapitalforsakring) pledged in favour of the Employee.
12.2 In addition to the pension contributions the employee is entitled to a waiver of premium insurance. This may require the employee to take a medical examination to ensure full insurance cover.
12.3 Further, the Company shall ensure that the Employee is covered by a Directors and Officers Personal Liability Insurance and an international private medical insurance (IPMI) including dental and medical coverage and compensate the Employee for any net payment shortfall due to the benefit being taxable. Further, the Company shall reimburse the Employee for insurance premiums paid to his private medical insurance with Skandia. For clarity it is noted that the Employee is responsible for potential benefit taxation on the private Skandia insurance.
PENSION AND INSURANCES. The City of Madison shall make such contribution as may be required by the Group Insurance Board and/or Department of Employee Trust Funds rules towards premium costs of eligible employees. Any dispute regarding eligibility and contribution level shall be determined by the Group Insurance Board or Department of Employee Trust Funds. Effective January 1, 2001, the City shall make contributions to the Fund as provided in Article 15 (C) of the contract.
PENSION AND INSURANCES. 32.01 The Company will make available to eligible employees covered by this Agreement and their dependents as described in the booklets referred to in 32.02, the following benefit programs and plans. Effective July 1, 2005, the Company agrees that there will be no discrimination based on sexual orientation for the eligibility of spousal benefits within this agreement.
a. The PPG CANADA INC., Hawkesbury Plant Salaried Bargaining Unit Pension Plan.
b. The PPG CANADA INC., Hawkesbury Plant Salaried Bargaining Unit Insurance Program including:
(i) Group Life Insurance Plan.
(ii) Accidental Death and Dismemberment Benefit.
(iii) Long Term Disability Insurance Plan (including the Salary Continuance provisions set out in the Insurance Program booklet).
(iv) Hospital and Medical Expenses Benefits (including Provincial Health Insurance, Semi-Private Hospital Care Plan, and Extended Health Insurance Plan).
c. The PPG CANADA INC., Hawkesbury Plant Salaried Bargaining Unit Dental Plan.
d. The PPG CANADA INC., Hawkesbury Plant Salaried Bargaining Unit Vision Care Plan.
32.02 Descriptions of these programs and plans (including provisions for eligibility and enrollment for payment of the cost of the plans and for employee contributions where required) are provided in booklets or other memoranda that may be published by the Company from time to time. Such booklets will be made available to all employees covered by this Agreement.
32.03 No matter respecting the provisions of these programs or plans shall be subject to the grievance procedure established in this Agreement. However, if an employee has any question or complaint regarding the administration of the programs or plans, he may have the assistance of the Chairman or member of the Office Union and Negotiating Committee in discussing such question or complaint with the Director, Human Resources.
PENSION AND INSURANCES. 21.01 The following benefit plans will be provided consistent with their terms and conditions. The Company will provide the Union with copies of the benefit plan contracts and such plans will not be amended without mutual consent. The Company will pay one hundred percent (100%) of the cost of:
(a) A Weekly Indemnity Plan having a benefit of sixty (60) percent of weekly earnings calculated on the employee’s straight time hourly rate to the unemployment insurance maximum amount, with benefits payable on the first day of accident, first day of sickness, if hospitalized or the fourth day of sickness if not hospitalized, and to a maximum period of fifty-two (52) weeks.
(b) Group Life Insurance with coverage of $52,000 per employee effective upon ratification. Additional life insurance is available to employees and spouses at the employee’s expense.
(c) A Dental Plan, Blue Cross No. 7 or equivalent with riders providing for Endondontic and Periodontic coverage. The benefits payable under this plan shall be those specified in the O.D.A. Schedule of fees one year prior to the month in which the benefit claim is incurred. The following additional benefits are subject to the same rules that apply to the existing Dental Plan:
(i) Orthodontics coverage for employees under the age of 21 and employees’ children under the age of 21 on the following basis: 50% of charges up to $1,500 per year ($750 maximum annual benefit) to a life-time maximum benefit of $2,000 per person.
(ii) Denture coverage for dentures only on the following basis: 50% of charges up to $1500 in any 36 months ($750 maximum benefit in any 36 months).
(d) A Drug Plan paying the full cost of prescription drugs after a deductible of ten (10) dollars for single employees and twenty-five (25) dollars for family employees.
(e) Vision Care Plan providing for the purchase of prescribed eye glasses or contact lenses up to two hundred and fifty dollars ($250) in any twenty-four (24) months.
(f) Chiropractor payments will be covered twenty dollars ($20) for the initial visit and twenty dollars ($20) per visit to a maximum of $240 per year for employees’ dependants and a maximum of $300 for employees only upon ratification.
(g) Physiotherapy payments will be covered twenty dollars ($20) for the initial visit and twenty dollars ($20) per visit to a maximum of $240 per year for employees’ dependants and a maximum of $300 for employees only upon ratification.
(h) Orthotics for employee only, will be covered up to $20...
PENSION AND INSURANCES. Eligible employees covered by this Agreement shall be provided with the same Health and Welfare benefits as are provided to the factory employees under Article of the factory collective agree- ment, for the life of this Agreement. Excep- tions to this provision are detailed in the attached Letter of Agreement “Short Term Disability Plans”.
PENSION AND INSURANCES. 6.1 Upon establishment by the Company, the Executive shall be entitled to participate in such of the pension, private health insurance, permanent health insurance and life assurance arrangements (up to the relevant HM Revenue & Customs maximum) as the Board may determine from time to time subject to the terms of such arrangements for the time being in force.
6.2 Upon establishment by the Company of its pension arrangements as described in clause 6.1 above, the Company shall, during the Executive’s employment hereunder, make a contribution of 1/12th of 6% of his basic annual salary each month into a pension scheme for the benefit of the Executive. Until such time as the Company’s pension arrangements are established, the Company shall make a payment to the Executive of 1/12th of 6% of the Executive’s basic annual salary each month in lieu of employer pension contributions.
6.3 The Company may at any time withdraw any private health insurance, permanent health insurance and life assurance arrangements without providing any replacement for them. The Executive acknowledges that as the benefits will be insured arrangements, the payment of any benefit is subject to the discretion of the insurers and subject to the terms and conditions of the respective scheme. The Company has no obligation to assist the Executive in the advancement of any claim he may make, nor any obligation to make any payment to the Executive should the insurer refuse to pay for whatever reason.
6.4 It is acknowledged by the parties that, at the date of this Agreement, the Company has not established a pension plan, private health insurance plan, permanent health insurance or life assurance arrangements for the benefit of its employees. Accordingly, the Executive shall be paid £2,000 per month (on an after-tax basis) to secure private medical insurance coverage for Executive and his family until such time as the Company shall provide the Executive access to private medical insurance arrangements offered by the Company to its employees.
6.5 The Company shall be entitled to perform any of its obligations under clause 6 either by itself or through any other Group Company.
PENSION AND INSURANCES. 7.1 The Executive has indicated to the Company that he has already reached his maximum lifetime allowance. The Executive therefore confirms that he does not intend to participate in the JELD-WEN UK Retirement Plan (the “Pension Scheme”). On this basis and because the Executive is, at the date of this Agreement, a statutory director of the Company, the Company is exercising its discretion not to automatically enrol the Executive in the Pension Scheme or any other pension scheme.
7.2 The Executive shall be entitled to participate in the following:
(a) the Company's private medical insurance scheme (for the benefit of the Executive, his spouse or civil partner and dependents);
(b) the Company's life assurance scheme; and
(c) the Company's permanent health insurance scheme, at such rates of benefits as may from time to time be determined by the Company in accordance with and subject always to the terms of the relevant scheme for the time being in force and as amended from time to time.
7.3 The Company may at any time withdraw any such private health insurance cover, permanent health insurance/disability or group life assurance arrangements or similar cover without providing any replacement for them. The Executive acknowledges that as the benefits are insured arrangements, the payment of any benefit is subject to the discretion of the insurers and subject to the terms and conditions of the respective scheme. The Company has no obligation to assist the Executive in the advancement of any claim he may make, nor any obligation to make any payment to the Executive should the insurer refuse to pay for whatever reason.
7.4 The Executive’s activities as a director of the Company, as an officer of JELD-WEN Holding and as an officer of any other Group Company will be covered by Directors' and Officers' Liability Insurance to the same level and extent as such cover is in force and available to other such directors.
7.5 The Executive’s eligibility to participate in or receive benefits from any insurance or other benefits scheme shall not prejudice the Company’s ability to terminate the Executive’s employment and/or this Agreement.
7.6 The Company shall be entitled to perform any of its obligations under this clause 7 either by itself or through any other Group Company.
PENSION AND INSURANCES. The Company will make available to eligible em- ployees covered by this Agreement and their dependents as described in the booklets referred to in the following benefit programs and plans.
PENSION AND INSURANCES. You will become a member in Höegh Pensjonskasse from the date of commencement of this contract. Likewise, you are from the same time covered by the company's insurance scheme as such is effective from time to time.
PENSION AND INSURANCES
