Pension and Retirement Benefits Sample Clauses

Pension and Retirement Benefits. During Executive’s employment with the Corporation, Executive shall be entitled to participate in any pension, 401(k) and retirement plans of the Corporation now existing or established hereafter to the extent that Executive is eligible under the general provisions thereof. The Corporation may, in its sole discretion and from time to time, establish additional senior management benefit programs as it deems appropriate. Executive understands that any such plans may be modified or eliminated in the discretion of the Corporation in accordance with applicable law.

Pension and Retirement Benefits. 29.1 PENSION ENROLLMENT

Pension and Retirement Benefits. Changes in the pension plans and retirement benefits of school lunch employees who are members of the Board of Education Retirement System will be the subject of a supplemental agreement between the Board and the Union and made Appendix "A" of this Agreement.

Pension and Retirement Benefits. At any time during the Term of this Agreement, the Corporation may, and at the sole discretion of the Board, contribute an amount equal to ten percent (10%) of the Employee’s annual salary to a qualified retirement account either set up by the Corporation or by the Employee.

Pension and Retirement Benefits. During the term of this Agreement Employees will be entitled to retirement benefits in accordance with the terms of the Memorandum of Understanding Regarding the Police and Fire Retirement System of the City of Detroit, Michigan. The terms of the Memorandum of Understanding may be modified to conform with any plan of adjustment approved by the United States Bankruptcy Court.

Pension and Retirement Benefits. (1) The Managing Director participates in the Milacron Europe Retirement Plan. Details have been separately handed over to the Managing Director. (2) Managing Director shall participate in such other plans and pursuant to terms as determined by the Committee.

Pension and Retirement Benefits. During Executive’s employment with the Corporation, Executive shall be entitled to participate in any pension, 401(k) and retirement plans of the Corporation now existing or established hereafter to the extent that Executive is eligible under the general provisions thereof. The Corporation may, in its sole discretion and from time to time, establish additional senior management benefit programs as it deems appropriate. Executive understands that any such plans may be modified or eliminated in the discretion of the Corporation in accordance with applicable law. Notwithstanding the foregoing, Executive shall participate in the Corporation’s Supplemental Executive Retirement Plan (the “SERP”) and receive a benefit thereunder pursuant to the provisions set forth in Appendix A; provided, however, that Executive shall only become vested in such benefit so long as Executive remains employed with the Corporation through the third anniversary of the Effective Date or, to the extent provided in Appendix A, Executive’s employment is terminated without Cause, for Good Reason or due to death or Disability.

Pension and Retirement Benefits. Employees Participating in Seller’s Defined Benefit Pension Plan.

Pension and Retirement Benefits. A. The Pension Plan as outlined in the Agreement between the Company and the Union dated December 26, 1969, as amended, shall be considered part of this Agreement. B. If the plan’s surplus (unfunded actuarial accrued liability) based on the Actuary’s Annual Valuation Report is equal to or greater than $3,200,000 the parties will reopen negotiations for pension benefit changes for the contract. Upon reaching this amount, the parties may negotiate changes in pension benefits which may include use of the plan surplus. This provision, including the surplus amount contained herein, shall not preclude either party from seeking pension changes through negotiation for successor agreements. In their negotiations, the parties will take into account the actuary’s report(s) in considering the affordability and advisability of pension benefit changes.

Pension and Retirement Benefits. (a) Employee shall be entitled to participate in any pension, profit sharing, savings, cash balance, or other retirement plan, other than the Chicago Mercantile Exchange Supplemental Executive Retirement Plan, ("Plan") from time to time during the Agreement Term maintained by Employer in accordance with the terms and conditions provided therein. In the event Employee's employment with Employer, whether before, at, or after the expiration of the Agreement Term, terminates prior to Employee's full vesting of retirement benefits under any Plan, and provided Employee's employment is not terminated for "cause" as defined in paragraph (d) of Section 8 hereof, Employee's rights thereunder shall not be subject to any forfeiture but shall be treated as if fully vested under such Plan and Employee shall receive retirement benefits from either such Plan, Employer or both, based upon such Plan's then current benefit formula limited to Employee's actual service with Employer and his average earnings at the date of termination. Employee will be credited with his aggregate period of employment with Employer, both before his initial termination of employment in June, 1994, and from and after his date of reemployment in March, 1996, for all purposes of each Plan; provided that such employment shall not be credited in a manner that is inconsistent with the provisions of any Plan that is intended to meet the tax qualification requirements of Section 401(a) of the Internal Revenue Code of 1986, as amended ("Code"); and provided further that the amount of any benefit payable to Employee under any such Plan shall be reduced to reflect the amount of any benefit previously paid to him under such Plan to the extent necessary to prevent duplication of benefits. Notwithstanding the foregoing (except for the aforementioned protection from forfeiture and provision for credit of employment), Employee shall not be entitled to any greater benefit under any Plan than any other employee who has been employed for an equivalent period of service. (b) During the Agreement Term, Employee shall be eligible to participate in the Chicago Mercantile Exchange Senior Management Supplemental Deferred Savings Plan, or any amended or successor plan, in accordance with its terms, and any bonus payable to Employee pursuant to paragraph (b) of Section 3 of the Agreement shall be included as compensation for purposes of determining the "Deferral Elections" and the "Cash Balance Plan Make-Whole Credit" unde...