Pension Plan Benefits. On retirement the Salaried Plan provides a continuing monthly income, for the balance of your lifetime, which is the sum of:
(a) a non-contributory pension based on your earnings and service, and
(b) a contributory pension based on your voluntary decision to contribute to the plan and your earnings. (The ability to contribute was discontinued on January 1, 1988).
Pension Plan Benefits. During any period of paid leave, the City will pay the employer and employee contributions to CalPERS. Additionally, employees returning from military leave are entitled to pension benefits that accrued during military service and to any CalPERS contributions that would have been made if the employee had not been absent due to military leave. Military leave is not considered a break in service for purposes of pension benefits.
Pension Plan Benefits. On retirement, the DB Hourly Plan provides a continuing monthly income, for the balance of your lifetime, which is a non-contributory pension based on your earnings and service. If you have service under The Essar Steel Algoma Inc. DB Hourly Plan for Salaried Employees, you will receive the benefit you accrued under that plan, in addition to the benefit you earned under the DB Hourly Plan.
Pension Plan Benefits. (1) The pension benefits accrued by Executive under the Pension Plan, the Excess Plan and the SERP (the "Company Pension Plans") shall be paid to Executive in accordance with the terms of such plans.
(2) In the event that any amendments are made to the Company Pension Plans during the Coverage Period that adversely affect in any manner the amount of pension benefits payable to Executive under the Company Pension Plans, then the Company shall also pay to Executive a lump sum amount, in cash, equal to the difference between (A) the amount that would have been payable on a lump sum basis as of the Date of Termination without giving effect to such amendments and (B) the amount actually paid or payable on a lump sum basis as of the Date of Termination."
Pension Plan Benefits. The pension benefits accrued by the Executive under the Pension Plan shall be paid to the Executive in accordance with the terms of such plan.
Pension Plan Benefits. For purposes of this Appendix, the term "Pension Plan Benefits" generally means the benefits actually payable to a Participant, spouse, beneficiary or contingent annuitant under a Pension Plan. However, this Program is only intended to remedy pension reductions caused by the operation of section 401(a)
Pension Plan Benefits. Article 3 1 Plant Holidays ................................................................ Article Skilled .................................................. ............. Article Job Evaluation ................................................................
Pension Plan Benefits. The Parties agree to work towards the goal where “All members of each Bargaining Unit represented by the Nova Scotia Nurses' Union shall be members of the NSHEPP Pension Plan, subject to the eligibility provisions of the NSHEPP Pension Plan.”
Pension Plan Benefits. (a) No assets or liabilities with respect to the Transferred Employees shall be transferred as a result of this Agreement from the defined benefit pension plan maintained by the Company or any of its Subsidiaries for Business Employees and identified as such in Section 7.05(a) of the Company Disclosure Letter (each, a “Company DB Plan”) to any plan or arrangement established by Buyer or any Subsidiary of Buyer, and, as of the Closing, no Transferred Employees shall accrue additional benefits under the applicable Company DB Plan (to the extent such accruals have not already ceased). Benefits accrued by the Transferred Employees under the applicable Company DB Plan through the Closing shall be fully vested as of the Closing and shall be payable to such Transferred Employees pursuant to the terms of, and at the time and in the amounts provided under, the applicable Company DB Plan, as may be amended from time to time.
(b) For the avoidance of doubt, any Liability associated with any defined benefit or post-employment payment or benefit made available to or provided to any Transferred Employee pursuant to any statutory or governmental mandate that would qualify as an Employee Plan (notwithstanding that such benefits are excluded from the definition of “Employee Plans” for purposes of this Agreement) under any Company DB Plan set forth on Section 7.05(b) of the Company Disclosure Letter shall become a Liability of Buyer following the Closing and Buyer shall provide or make available such benefits to Transferred Employees following the Closing in accordance with applicable Law.
(c) From and after the Closing, the Company shall indemnify and hold harmless each Buyer Indemnified Party from any and all Liabilities or Losses imposed on or incurred by any Buyer Indemnified Party (whether by court order, an order of the UK Pensions Regulator or otherwise) to or in respect of any one or both of the UK defined benefit occupational pension plans known as the SPX UK Pension Plan (including any such Liabilities or Losses which arise in the SPX UK Pension Scheme as a result of the bulk transfer from the SPX UK Pension Plan to the SPX UK Pension Scheme) or the Xxxxxxx International - Stanplan F.
Pension Plan Benefits. The Executive may avail himself of the benefits of a Pension Plan and/or Medical and Dental benefits as are available in the Company or in a subsidiary of Company. 4 - 4 -
