Common use of Pension Plan Committee Clause in Contracts

Pension Plan Committee. (a) There shall be a Pension Plan Committee consisting of three members appointed by the Union from Themis employees and three members appointed by the Employer from management. The Committee shall meet at least once per year, at the Employer's expense, (except that no overtime or compensatory time off shall be paid where meeting hours and/or travel extend the normal workday), or more frequently by mutual agreement. Resource people may be assigned to the Committee by either party. (b) The mandate of the Committee is as follows: (1) to ensure the scope, features and cost of the pension plan are maximized within available resources; (2) to review the performance of the existing pension plan and all aspects of plan administration; (3) to amend the plan if the Committee believes it is in the interest of the plan participants and the company; (4) to ensure the plan provider provides adequate information on performance and plan details; and (5) to deal with other pension plan issues as they arise. (c) Decisions will be made on the basis of mutual agreement.

Pension Plan Committee. ‌ (a) There shall be a Pension Plan Committee consisting of three members appointed by the Union from Themis employees and three members appointed by the Employer from management. The Committee shall meet at least once per year, at the Employer's expense, (except that no overtime or compensatory time off shall be paid where meeting hours and/or travel extend the normal workday), or more frequently by mutual agreement. Resource people may be assigned to the Committee by either party. (b) The mandate of the Committee is as follows: (1) to ensure the scope, features and cost of the pension plan are maximized within available resources; (2) to review the performance of the existing pension plan and all aspects of plan administration; (3) to amend the plan if the Committee believes it is in the interest of the plan participants and the company; (4) to ensure the plan provider provides adequate information on performance and plan details; and (5) to deal with other pension plan issues as they arise. . (c) Decisions will be made on the basis of mutual agreement.

Pension Plan Committee. (a) There shall be a Pension Plan Committee consisting of three members appointed by the Union from Themis employees and three members appointed by the Employer from management. The Committee shall meet at least once per year, at the Employer's expense, (except that no overtime or compensatory time off shall be paid where meeting hours and/or travel extend the normal workday), or more frequently by mutual agreement. Resource people may be assigned to the Committee by either party. (b) The mandate of the Committee is as follows: (1) to ensure the scope, features and cost of the pension plan are maximized within available resources; (2) to review the performance of the existing pension plan and all aspects of plan administration; (3) to amend the plan if the Committee believes it is in the interest of the plan participants and the company; (4) to ensure the plan provider provides adequate information on performance and plan details; and (5) to deal with other pension plan issues as they arise. . (c) Decisions will be made on the basis of mutual agreement.