Pension Plan Improvements Sample Clauses

Pension Plan Improvements. A summary of the Pension Plan benefits are below: 1. The minimum 1,800 hour requirement for determining credited years for service prior to 1987 will be amended such that actual credited hours of less than 1,800 will be recognized for purposes of calculating credited years on a pro-rata basis, but only for employees who were full-time or part-time employees when such hours were worked and only to the extent that such hours have not previously been credited under this or any other pension plan sponsored by the company or its predecessor. 2. The percentages that will apply in the benefit formula will increase from 1.0% to 1.3% for service up to December 31, 1989 and the formula for service after December 31, 1989 will increase from 1.25% to 1.4% for earnings up to the YMPE and will increase from 1.5% to 1.8% for earnings above the YMPE. The parties agree that active Pension Plan members retiring from active employment with the Company will be eligible for an unreduced pension on reaching any of the following milestones: * Age 60 with 10 years pensionable service * Age plus pensionable service reaching 85 points * 30 years of pensionable service regardless of age Those active members who have reached age 55 with 10 years of pensionable service, and are retiring from active employment with the Company, will have their pension reduced by 1/4 of 1% per month short of age 64 (currently reduced by 1/3% per month). Those active members who do not meet the above conditions but have reached age 55, and are retiring from active employment with the Company, will have a pension reduction of 1/2% per month short of age 65 (currently reduced by 5/9% per month). 3. The Plan will provide that under the 60% Optional Spousal pension, the initial amount of pension payable to the members shall be determined by apply a 5% reduction in the initial pension. The plan will be amended to state that a spouse is a person of the opposite or same sex. 4. The accrual of pension credits will be expanded such that Membership and Pensionable Service will continue to be credited: * while on any disability plan where the Company is required to make any financial contribution or pay premiums, i.e. Weekly Indemnity, Long Term Disability, Workers’ Compensation, CPP Disability Benefits; and * for approved Union Leave; Except that this provision will only apply for periods of disability or union Leave that commences after the effective date of ratification of this agreement. 5. The parties agree to...
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Pension Plan Improvements. Effective May 1, 1997 the Company will establish and add to the Company Pension Plan established for members of the collective bargaining unit an Alternative Pension Plan with the following retirement benefits for employees retiring from the Company at age 62 or thereafter: a monthly benefit determined by multiplying the number of years of credited service on the retirement date times "55". Each employee electing to retire from the Company on or after May 1, 1997 shall have the right to elect, by written notice to the Company made 30 days prior to such employee's date of retirement, between the Present Company Pension Plan and the new Alternate Pension Plan.
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Pension Plan Improvements. A summary of the Pension Plan benefits are below:
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Pension Plan Improvements. A summary of the Pension Plan benefits are below: The minimum hour requirement for determining credited years for service prior to will be amended such that actual credited hours of less than will be recognized for purposes of calculating credited years on a pro-rata basis, but only for employees who were full-time or part-time employees when such hours were worked and only to the extent that such hours have not previously been credited under this or any other pension plan sponsored by the company or its predecessor. The percentages that will apply in the benefit formula will increase from to for service up to December and the formula for service after December will increase from to for earnings up to the and will increase from to for earnings above the The parties agree that active Pension Plan members retiring from active employment with the Company, will be eligible for an unreduced pension on reaching any of the following milestones: Age with years pensionable service Victoria and CAW Local * years of pensionable service regardless of age Those active members who have reached age with years of pensionable service, and are retiring from active employment with the Company, will have their pension reduced by of per month short of age (currently reduced by per month). Those active members who do not meet the above conditions but have reached age and are retiring from active employment with the Company, will have a pension reduction of per month short of age (currently reduced by per month). The Plan will provide that under the Optional Spousal pension, the initial amount of pension payable to the members shall be determined by apply a reduction in the initial pension. The plan will be amended to state that a spouse is a person of the opposite or same sex. The accrual of pension credits will be expanded such that Membership and Pensionable Service will continue to be credited: * while on any disability plan where the Company is required to make any financial contribution or pay premiums, Weekly Indemnity, Long Term Disability, Workers’ Compensation, Disability Benefits; and * for approved Union Leave; Except that this provision will only apply for periods of disability or union Leave that commences the effective date of ratification of this agreement.
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Related to Pension Plan Improvements

  • Improvement Plans A professional improvement plan is a clearly articulated assistance program for a teacher whose student growth measure dimension of the evaluation is below the expected level of student growth. For the purposes of this agreement, improvement plans shall be based on the individual student growth measure level, and not for overall subjects or classes taught.

  • Improvement Plan A detailed, written plan collaboratively developed between the teacher and evaluator, utilized when a teacher receives an Evaluation Rating of ineffective. The approved form for the Improvement Plan is attached to this agreement as Appendix .

  • Tenant Improvement Plans Any work proposed by Tenant (the “Tenant Improvements”) shall be subject to Landlord’s reasonable prior approval and shall be subject to the other terms and conditions of this Exhibit C; provided that it will be reasonable for Landlord to withhold its approval or consent (as and when applicable under this Exhibit C) if Landlord’s Mortgagee has not consented to the matter that is the subject of such approval or consent. All architectural, engineering and other design fees shall be paid by Tenant. Tenant shall use its architect, engineers and other design professionals, all of whom shall comply with any applicable licensing or governmental requirements of the City of Seattle and the State of Washington; Tenant’s architect shall be approved by Landlord (“Tenant’s Architect”), which approval shall not be unreasonably withheld, conditioned or delayed. Landlord shall also be entitled to receive a copy of the agreement between Tenant and Tenant’s Architect (the “Architect Agreement”). Tenant shall cause Tenant’s Architect to prepare a draft space plan (the “Space Plan”) for the Tenant Improvements and shall submit the proposed Space Plan to Landlord for the latter’s approval (not to be unreasonably withheld) in a time period to allow Tenant to timely complete its Tenant Improvements under this Lease. Landlord shall deliver to Tenant any written objections, questions or comments of Landlord with regard to the Space Plan within ten (10) business days of receipt; Landlord’s consent thereto shall be deemed given if not denied in writing within said ten (10) business day period. If Landlord denies its approval, it shall specify the reasons for doing so in detail. Tenant shall cause the Space Plan to be revised to address such written comments and shall resubmit said Space Plan to Landlord for approval. Such process shall continue until Landlord has approved the Space Plan. Tenant’s Architect shall then prepare working drawings and specifications for the Tenant Improvements, including architectural, structural, plumbing, mechanical, electrical, and fire protection drawings as required, suitable for permit application (the “Working Drawings”) and shall submit the proposed Working Drawings to Landlord for the latter’s approval in a time period to allow Tenant to timely complete its Tenant Improvements under this Lease. The Space Plan and Working Drawings shall be subject to Landlord’s approval, which Landlord agrees shall not be unreasonably withheld, conditioned, or delayed. Landlord shall not be deemed to have acted unreasonably if it withholds its approval thereof because, in Landlord’s reasonable opinion, the work, as described in any such item: (i) is likely to adversely affect Building Systems, the structure of the Building or the safety of the Building and/or their occupants; (ii) might impair Landlord’s ability to furnish services to Tenant or other tenants in the Building; (iii) would materially increase the cost of operating the Building; (iv) would violate any governmental laws, rules or ordinances (or interpretations thereof); (v) contains or uses hazardous or toxic materials or substances; (vi) would negatively affect the appearance of the Building; (vii) is reasonably likely to adversely affect another tenant’s premises; or (viii) is prohibited by any ground lease affecting the Building or any mortgage, trust deed or other instrument encumbering the Building. Landlord shall deliver to Tenant any written objections, questions or comments of Landlord with regard to the Working Drawings, within ten (10) business days of Landlord’s receipt of the Working Drawings; Landlord’s consent thereto shall be deemed given if not denied in writing within said ten (10) business day period. If Landlord denies its approval, it shall specify the reasons for doing so in detail. Tenant shall cause the Working Drawings to be revised to address such written comments and shall resubmit said Working Drawings to Landlord for approval. Landlord may, when approving the Tenant Improvement Plans, elect to require Tenant to remove any Non-Standard Improvements which are made to the Premises. If Landlord so elects, Tenant shall, at its own cost, restore the Premises to the condition designated by Landlord in its election, before the last day of the Term. Such process shall continue until both parties have approved the Working Drawings. Landlord’s approval of the Space Plan and/or the Working Drawings shall not be deemed any representation or warranty that the same comply with applicable codes.

  • Performance Improvement Plan timely and accurate completion of key actions due within the reporting period 100 percent The Supplier will design and develop an improvement plan and agree milestones and deliverables with the Authority 3.2 The Authority may from time to time make changes to the KPIs measured as set out in paragraph 3.1 above and shall issue a replacement version to the Supplier. The Authority shall give notice In Writing of any such change to the KPIs measured and shall specify the date from which the replacement KPIs must be used for future reports. Such date shall be at least thirty (30) calendar days following the date of the notice to the Supplier.

  • Construction Plans Tenant shall prepare final plans and specifications for the Tenant Improvements that (a) are consistent with and are logical evolutions of the Approved Schematic Plans and (b) incorporate any other Tenant-requested (and Landlord-approved) Changes (as defined below). As soon as such final plans and specifications ("Construction Plans") are completed, Tenant shall deliver the same to Landlord for Landlord's approval, which approval shall not be unreasonably withheld, conditioned or delayed. All such Construction Plans shall be submitted by Tenant to Landlord in electronic .pdf, CADD and full-size hard copy formats, and shall be approved or disapproved by Landlord within ten (10) business days after delivery to Landlord. Landlord's failure to respond within such ten (10) business day period shall be deemed approval by Landlord. If the Construction Plans are disapproved by Landlord, then Landlord shall notify Tenant in writing of its objections to such Construction Plans, and the parties shall confer and negotiate in good faith to reach agreement on the Construction Plans. Promptly after the Construction Plans are approved by Landlord and Tenant, two (2) copies of such Construction Plans shall be initialed and dated by Landlord and Tenant, and Tenant shall promptly submit such Construction Plans to all appropriate Governmental Authorities for approval. The Construction Plans so approved, and all change orders approved (to the extent required) by Landlord, are referred to herein as the "Approved Plans."

  • Existing Improvements All improvements located on the Site as of the date of execution of the Construction Contract, whether above or below the surface of the ground, including but not limited to existing buildings, utilities, infrastructure improvements and other facilities.

  • ALTERATIONS & IMPROVEMENTS Tenant shall not make any alterations, additions or improvements or do any type of construction to the Property without first obtaining Landlord's written consent. Unless prior written agreement is reached between Tenant and Landlord, any such alterations, additions, improvements or construction shall become part of the Property and shall remain at the expiration of Tenant's Lease term. If Landlord approves of alterations, additions, improvements or construction in writing and Tenant intends to use contractors to undertake such work, the contractors must first be approved in writing by Landlord. Tenant must also place any funds to cover the amount of any alterations, additions, improvements or construction in an escrow account approved by Landlord before the commencement of the work. Landlord shall designate the times and manner of the work being done, exclusively.

  • Improvements The buildings, structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements and improvements now or hereafter erected or located on the Land (collectively, the “Improvements”);

  • School Improvement 1. The Board and the Association agree that employee participation in decision making is effective in providing positive results for education. 2. The provisions contained in this section shall apply to all school improvement plans, programs or processes set forth by school improvement committees established in the Xxxxxxx-Xxxxxx School District as a result of Section 1277 of the Revised School Code. 3. It is understood that participation on school improvement committees is voluntary. Further, employees who participate, or are non-participants, in such activities shall not be negatively evaluated for any conduct relative to such committees. 4. In the event that any provision(s) of a school improvement plan, program or process or application thereof violates, contradicts, or is inconsistent with this Collective Bargaining Agreement, the Collective Bargaining Agreement shall prevail.

  • Initial Improvements Subtenant may, at its option and subject to the provisions of the Prime Lease, including, without limitation, Article 8 thereof, complete certain initial improvements to prepare the Demised Premises for Subtenant’s occupancy thereof as described in the Work Letter Agreement attached hereto and made a part hereof as Exhibit B (the “Initial Improvements”), at Subtenant’s sole cost and expense without any contribution or improvement allowance from Sublandlord described in the Work Letter Agreement attached hereto and made a part hereof as Exhibit B); provided, however, Subtenant shall not make or permit anyone to make any Initial Improvements without the prior written consent of Sublandlord, which shall not be unreasonably withheld or delayed, and of Prime Landlord in accordance with the Prime Lease. In connection with the foregoing, Subtenant shall submit to Sublandlord, for prior written approval by Sublandlord, which shall not be unreasonably withheld or delayed, and Prime Landlord, complete plans and specifications for any and all Initial Improvements; including, without limitation, schematic designs and work drawings. Any and all costs and expenses associated with the acquisition of cabling, equipment, furniture, security systems, or other personal property for Subtenant or the Demised Premises or the installation or placement of any of the foregoing within the Demised Premises or with the project management for the performance of the Initial Improvements (collectively, “Subtenant’s Personal Property and Services”), shall be paid for by and be the sole responsibility of Subtenant. Sublandlord acknowledges and agrees that Subtenant shall not be required to remove any Initial Improvements upon the expiration or earlier termination of this Sublease unless the removal is required by Prime Landlord or Sublandlord is otherwise obligated to pay Prime Landlord the costs of any removal of any Initial Improvements pursuant to Section 8(e) of the Prime Lease.

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