Pension Plan Provisions Sample Clauses

Pension Plan Provisions. (College Pension Act)
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Pension Plan Provisions. Every employee receives a Company contribution of 2% of base salary* towards their pension and retirement savings. Each employee will make a mandatory contribution of 2% of base salary towards their pension and retirement savings and the Company will match the contribution at .75% per each % contributed for a total of 1.5%. (*Base salary for all pension is defined as the employee’s hourly rate to a maximum allowable limit of 2080 hours worked. Base salary does not include overtime.) Each employee can choose whether they would like to make additional voluntary contributions towards their retirement savings. Employees will have the option to contribute 0%, 1% or 2% of their base salary and the Company will match the contribution at 125%. Employees can change their contribution level and the change will be effective the 1st of the following month of the next available payroll cycle (based on payroll cut- off dates) and notice to the employer, in accordance with the plan. This means that if an employee contributes the maximum 4% of base salary (mandatory plus voluntary contributions), the Company will match and contribute 6% of base salary to their retirement savings, for a total of 10%. (See chart below.) New Hire DC Plan Mandatory Employer: 2.00% Employee: 2.00% Employer (75% of ee 2% mand): 1.50% Voluntary Employee: 2.00% Employer (125% of ee 2% vol): 2.50% 10.00%
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Pension Plan Provisions. (College Pension Act) Faculty must contribute unless exempted by the Superannuation Commissioner following a resolution of the College Board made within thirty (30) days of beginning employment. The Act should be consulted for details.
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Pension Plan Provisions. (College Pension Plan) 10.1 of the 2014 – 2019 Common Agreement. Exceptions are as described in the 2014 –
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Pension Plan Provisions. The following outlines the Pension Plan for those temporary employees (that qualify according to pension legislation) hired after January 1, 2007: Defined contribution plan for all temporary employees hired after January 1, 2007 Company will match at 50% of employee contribution Contributions will be made on hours worked at base hourly rate up to a maximum of 2080 hours per year. This will confirm the understanding reached during the 2012 Negotiations in the matter of the implementation of the Guaranteed Wage Plan. The Plan will become effective on the date it receives EI Registration approval and will continue for a period of seven (7) years from that date. Notwithstanding the above, employees hired after January 2012 won’t be eligible for participation in the plan.
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Pension Plan Provisions. Every employee receives a Company contribution of 2% of base salary* towards their pension and retirement savings. Each employee will make a mandatory contribution of 2% of base salary towards their pension and retirement savings and the Company will match the contribution at .75% per each % contributed for a total of 1.5%. (*Base salary for all pension is defined as the employee’s hourly rate to a maximum allowable limit of 2080 hours worked. Base salary does not include overtime.) Each employee can choose whether they would like to make additional voluntary contributions towards their retirement savings. Employees will have the option to contribute 0%, 1% or 2% of their base salary and the Company will match the contribution at 125%. Employees can change their contribution level and the change will be effective the 1st of the following month of the next available payroll cycle (based on payroll cut- off dates) and notice to the employer, in accordance with the plan. This means that if an employee contributes the maximum 4% of base salary (mandatory plus voluntary contributions), the Company will match and contribute 6% of base salary to their retirement savings, for a total of 10%. (See chart below.) New Hire DC Plan Mandatory Employer: 2.00% Employee: 2.00% Employer (75% of ee 2% mand): 1.50% Voluntary Employee: 2.00% Employer (125% of ee 2% vol): 2.50% 10.00% The Nestlé Canada Bonus Plan will be replaced with the Nestlé Sterling Road Bonus Program for the life of this collective agreement. The specifics of the Sterling Road Plan will be forwarded to the Union on an annual basis. Asgar Xxxx Xxxxxx Orofiamma In respect to Article 63, Schedule “B”, there shall be no COLA payout during the term of this Collective Agreement. Should the Plan be discontinued or should the bonus payable drop below 4%, the Union has the option of giving up their Bonus involvement and moving to the COLA clause at the next quarterly payout from the date of withdrawal from the Plan. The bonus language will then be considered as withdrawn from the Collective Agreement. Asgar Xxxx Xxxxxx Orofiamma
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Pension Plan Provisions. The following outlines the Pension Plan for those temporary employees (that qualify according to pension legislation) hired after January 1, 2007: Defined contribution plan for all temporary employees hired after January 1, 2007 Company will match at 50% of employee contribution Contributions will be made on hours worked at base hourly rate up to a maximum of 2080 hours per year If the Company determines a need that an employee, group of employees from can line, keg line or forklift operates a ten (10) hour – 4 day work week shift rotation, the following schedule will apply. The company will provide two (2) weeks notice to move in or out of this structure or to change week start dates. Employees that are working 10 hour shifts, Monday to Friday. The following shift will outline the operator work week:
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Related to Pension Plan Provisions

  • Plan Provisions In addition to the terms and conditions set forth herein, the Award is subject to and governed by the terms and conditions set forth in the Plan, as may be amended from time to time, which are hereby incorporated by reference. Any terms used herein with an initial capital letter shall have the same meaning as provided in the Plan, unless otherwise specified herein. In the event of any conflict between the provisions of the Agreement and the Plan, the Plan shall control.

  • SAVINGS PROVISIONS If any provisions of this Agreement are held to be contrary to law by a court of competent jurisdiction, such provisions will not be deemed valid and subsisting except to the extent permitted by law, but all other provisions will continue in full force and effect.

  • Incorporation of Plan Provisions These Terms and Conditions and the Agreement are made pursuant to the Plan, the provisions of which are hereby incorporated by reference. Capitalized terms not otherwise defined herein shall have the meanings set forth for such terms in the Plan. In the event of a conflict between the terms of these Terms and Conditions and the Agreement and the Plan, the terms of the Plan shall govern.

  • ERISA PROVISIONS The following provisions are part of this Agreement and are intended to meet the requirements of the Employee Retirement Income Security Act of 1974 (“ERISA”):

  • COMMON PROVISIONS Article 16. Quantitative restrictions on imports and all measures having equivalent effect shall be prohibited between the Community and Israel. Article 17. Quantitative restrictions on exports and all measures having equivalent effect shall be prohibited between the Community and Israel. 1. Products originating in Israel shall not on importation into the Community be accorded a treatment more favourable than that which the Member States apply among themselves. 2. Application of the provisions of this Agreement shall be without prejudice to Council Regulation (EEC) No. 1911/91 of 26 June 1991 on the application of the provisions of Community law to the Canary Islands. 1. The Parties shall refrain from any measure or practice of an internal fiscal nature establishing, whether directly or indirectly, discrimination between the products of one Party and like products originating in the territory of the other Party. 2. Products exported to the territory of one of the Parties may not benefit from repayment of indirect internal taxation in excess of the amount of indirect taxation imposed on them directly or indirectly. 1. In the event of specific rules being established as a result of the implementation of its agricultural policy or of any alteration of the current rules or in the event of any alteration or extension of the provisions relating to the implementation of the agricultural policy, the Party in question may amend the arrangements resulting from the Agreement in respect of the products which are the subject of those rules or alterations. 2. In such cases the Party in question shall take due account of the interests of the other Party. To this end the Parties may consult each other within the Association Council. 1. The Agreement shall not preclude the maintenance or establishment of customs unions, free-trade areas or arrangements for frontier trade, except in so far as they alter the trade arrangements provided for in the Agreement. 2. Consultation between the Community and Israel shall take place within the Association Council concerning agreements establishing customs unions or free-trade areas and, where required, on other major issues related to their respective trade policy with third countries. In particular, in the event of a third country acceding to the European Union, such consultation shall take place so as to ensure that account can be taken of the mutual interests of the Community and Israel. Article 22. If one of the Parties finds that dumping is taking place in trade with the other Party within the meaning of Article VI of the GATT, it may take appropriate measures against this practice in accordance with the Agreement on implementation of Article VI of the GATT and with its relevant internal legislation, under the conditions and in accordance with the procedures laid down in Article 25. Article 23. Where any product is being imported in such increased quantities and under such conditions as to cause or threaten to cause: - serious injury to domestic producers of like or directly competitive products in the territory of one of the Parties, or - serious disturbances in any sector of the economy, or - difficulties which could bring about serious deterioration in the economic situation of a region, the Community or Israel may take appropriate measures under the conditions and in accordance with the procedures laid down in Article 25. Article 24. Where compliance with the provisions of Article 17 leads to: (i) re-export towards a third country against which the exporting Party maintains, for the product concerned, quantitative export restrictions, export duties, or measures having equivalent effect, or (ii) a serious shortage, or threat thereof, of a product essential to the exporting Party, and where the situations referred to above give rise, or are likely to give rise, to major difficulties for the exporting Party, that Party may take appropriate measures under the conditions and in accordance with the procedures laid down in Article

  • Transition Provisions Any person engaged as an apprentice at the date this award commenced operation shall be deemed to be an apprentice for all purposes of this award until the completion or cancellation of their apprenticeship contract.

  • Termination Provisions In this Agreement:

  • Loan Provisions [ ] A. Participant loans are not available from the Plan. [x] B. Participant loans are permitted in accordance with the Employer’s established loan procedures. [ ] C. Loan payments will be suspended under the Plan as permitted under Code Section 414(u) in compliance with the Uniformed Services Employment and Reemployment Rights Act of 1994.

  • Data Provisions Subject to the limitations contained in CA Government Code Section 3558, the City shall provide the Union with all required information on newly-hired employees to the extent it is made available to the City. In addition, within ten (10) business days of the conclusion of each NEO, the City agrees to provide the Union with a stand-alone report containing a list of employees, including classification code and division, who were scheduled to, but did not attend each NEO.

  • Supplemental Provisions All of the terms, conditions, representations, warranties, covenants and other provisions, if any, set forth in the supplemental provisions attached hereto as Schedule 2 (the “Supplemental Provisions”) are hereby incorporated into this Contract and shall be considered a part hereof. In the event of any conflict or inconsistency between the Supplemental Provisions and the other provisions of this Contract, the Supplemental Provisions shall control.

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