Pensions and Life Assurance Sample Clauses

Pensions and Life Assurance. 5.1 The Director shall be entitled to participate in the Company's pension scheme in accordance with the rules laid down by the Company from time to time. Alternatively, the Company will pay contributions to a recognised pension plan of 7% of the Director s annual fee. 5.2 The Director shall be entitled to be a member of the Company's Death In Service Benefit scheme subject to the trust deed and rules of that scheme as in force from time to time, a copy of which is available for inspection at the Company Secretary's office at any time upon reasonable notice. No contributions to the scheme will be deducted from the Director's fee.
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Pensions and Life Assurance. 6.1 The Executive will be eligible to become a member of the LIFFE Retirement Benefits Plan subject to the terms of the trust deed and rules in force from time to time (“the Pension Scheme”). 6.2 A contracting-out certificate is not currently in force in respect of the employment of the Executive. 6.3 The Company shall on or about the 25th day of each calendar month make a pension contribution in arrears in respect of that calendar month into either the Pension Scheme (or if more appropriate in the Company’s view and at the discretion of the Company) into a personal pension scheme or schemes approved under Chapter IV of the Income and Corporation Taxes Act 1988 (“ICTA”) (“the Personal Pension Arrangement”). The contribution shall be: (a) if the payment is made into the Pension Scheme, a sum equal to the lesser of: • 1/12 of the Executive’s Pension Payment; and • such amount as the actuary to the Pension Scheme advises the Company is likely not to produce a sum available to provide benefits to be paid to the Executive at his normal retirement date which would be in excess of those permitted by the Inland Revenue; or (b) if the payment is made into the Personal Pension Arrangement, a sum equal to the lesser of: • 1/12 of the Executive’s Pension Payment; and • 1/12 of the Relevant Percentage of the Permitted Maximum for the tax year in question. 6.4 The Company shall (if there is a balance as defined in Clause 6.4(a)) on or about the 25th day of each calendar month make a pension contribution in arrears in respect of that calendar month into a funded unapproved retirement benefits scheme (“FURBS”) of either: (a) the difference (if any) between: • 1/12 of the Executive’s Pension Payment, and • the payment made into the Pension Scheme or the Personal Pension Plan (as relevant) for that month by the Company in accordance with Clause 6.3, (such payment being “the Balance” for the purposes of this Clause 6); or (b) if the Executive so elects by written notice to the Company at least 10 working days in advance of the first relevant Balance being paid into the FURBS an amount which is (100-(X/100)) of the Balance, free of tax, until such a time as the Executive notifies the Company in writing at least 10 working days in advance of the first relevant balance being paid into the FURBS that he has withdrawn his election under this Clause 6.4 (b), 6.5 Subject to the Executive fulfilling his obligations under Clause 6.6, the Company shall determine the Executive’s Pensio...
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Pensions and Life Assurance. 5.1 The Executive is eligible to participate in Section 2 of the Coors Brewers Pension Plan and Coors Brewers Executive Top Scheme subject to the trust deeds and rules of those schemes as are in force from time to time. In addition to pension provision, four times salary life assurance is provided under these plans. The Executive will make contributions to those schemes in accordance with their rules and these contributions will be deducted from salary. The Company reserves the right, in its absolute discretion, to close or amend any such plans and schemes and shall not be obliged to provide a replacement scheme or to compensate the Executive for any loss in benefits incurred as a result of such closure or amendment. 5.2 A contracting out certificate is in force in respect of the pension provision under the Coors Brewers Pension Plan in relation to the Appointment.
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Pensions and Life Assurance. 5.1 The executive shall be entitled to participate in the Company's pension scheme in accordance with the rules laid down by the Company from time to time. Alternatively, the Company will pay contributions equal to those paid by the Executive to a recognised UK pension plan, up to a limit of 7% of the Executive's annual salary. 5.2 With effect from 1st July, 2000, the Executive is a member of the Company's Death In Service Benefit scheme operated by the American Life Insurance Company subject to the trust deed and rules of that scheme as in force from time to time, a copy of which is available for inspection at the Company Secretary's office at any time upon reasonable notice. No contributions to the scheme will be deducted from the Executive's salary.
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Pensions and Life Assurance. 10.1 The Company will reimburse the Employee on an annual basis for his private health insurance. The current premium from BUPA Insurance is PST 1640.00. The Company has also agreed to reimburse the employee for his standard life policy and permanent health insurance policy. The annual premium for the standard life policy is currently PST 1583.22 and the permanent life policy is PST 581. 10.2 The Company will make a pension premium contribution to the Employee’s personal pension scheme. The total annual contribution being 9% of your total base year salary of PST. 60.000, the Company contribution will equal 6% and the Employee’s contribution equals 3%.
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Pensions and Life Assurance. 5.1 The Executive is eligible to participate in the Group Personal Pension Plan for Molson Coors subject to the Rules of that Plan. In addition to pension provision, four times salary life assurance is provided under the plan. The Executive will make contributions to that plan in accordance with its rules and those contributions will be deducted from salary. The Company reserves the right, in its absolute discretion, to close or amend any such plans and schemes and shall not be obliged to provide a replacement scheme or to compensate the Executive for any loss in benefits incurred as a result of such closure or amendment.
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Pensions and Life Assurance. 5.1 The Executive may participate in the Howden Group Stakeholder Scheme subject to the rules of that scheme as in force from time to time, a copy of which is available for inspection at the Global Human Resources Director's office at any time upon reasonable notice. The Executive’s normal retirement age will be at 65. 5.2 In addition, the Executive will be eligible for Life Assurance of 4 times basic salary. This benefit will be provided by an Insurer and the Executive’s rights are subject to the terms of this policy which may vary from time to time. Details of the policy are available from the Global Human Resources Director’s office at any time upon reasonable notice. The Company shall not be liable to the Executive for any decision, action or omission of the Insurer in relation to such benefit.
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Pensions and Life Assurance. 5.1 The Executive is eligible to participate in the Group Personal Pension Plan for Molson Coors Beverage Company subject to the Rules of that plan. As a legacy Defined Benefit pension member, the Executive is currently entitled to an enhanced pension contribution of 27.7% of base salary from the Company, any change to this would be subject to consultation. In addition to pension provision, four times salary life assurance is provided under the plan. The Executive will make contributions to that plan in accordance with its rules and those contributions will be deducted from salary. The Company reserves the right, in its absolute discretion, to close or amend any such plans and schemes and shall not be obliged to provide a replacement scheme or to compensate the Executive for any loss in benefits incurred as a result of such closure or amendment (save as may be required by law).
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Pensions and Life Assurance. 5.1 The Executive may continue to participate in the Bass Brewers Pension Plan subject to the trust deed and rules of that scheme as in force from time to time His contributions to the scheme will be deducted from salary. 5.2 A contracting out certificate is in force in respect of the employment under this Agreement.
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Related to Pensions and Life Assurance

  • Health and Life Insurance In the event Employee’s employment is terminated hereunder, the Company shall provide the following health and life insurance benefits: (a) Upon Employee’s termination of employment under this Agreement other than upon Employee’s termination for Cause or upon Employee’s death, the Company shall be responsible for a one-year period following Employee’s Termination Date, the scheduled premium payments (on or before their due dates) on any universal life insurance policy covering Employee’s life which is in force immediately prior to the Termination Date; provided, however, that the Company shall be obligated to pay any such premiums only to the extent that, and on the same basis as, payments are made by the Company on the universal life insurance policies covering officers of the Company with same or similar coverage and further provided that during the period of six months immediately following the Employee’s Termination Date, the Employee shall be obligated to pay the Company the full cost for any such premium payments, and the Company shall reimburse the Employee for any such payments on the first business day that is more than six months after the Employee’s Termination Date, together with interest on such amount from the Termination Date through the date of payment at the Interest Rate. (b) Upon Employee’s termination of employment under this Agreement other than upon a Change of Control (which shall be governed by the COC Severance Plan), Employee’s termination for Cause, or upon Employee’s death, the Company shall, at its expense, provide such medical and dental coverage as in effect immediately prior to the Termination Date for Employee and Employee’s then covered dependents until the end of the period designated for payments to be made hereunder. Thereafter, Employee and his qualified beneficiaries shall be entitled to continue health insurance benefits, under and through the terms of the applicable COBRA law and regulations, at Employee’s own expense until the expiration of COBRA coverage. (c) In the event of Employee’s death during the Term of Employment for a twelve-month period after his death the Company shall make available at its expense medical and dental insurance covering Employee’s spouse and his dependents (collectively, “Employee’s Beneficiaries”) who would have been covered (if the Term of Employment had continued) by the Company’s medical and dental insurance policies as then in effect, and (ii) thereafter for an additional six-month period, such medical and dental insurance in effect from time to time shall be provided to Employee’s Beneficiaries, with Employee’s Beneficiaries (or estate if applicable) to reimburse the Company for the cost of comparable coverage under the provisions of this clause (ii), unless otherwise prohibited by applicable law Thereafter, Employee and his qualified beneficiaries shall be entitled to continue health insurance benefits, under and through the terms of the applicable COBRA law and regulations, at Employee’s own expense until the expiration of COBRA coverage. (d) Any taxable welfare benefits provided pursuant to this Section 13 that are not “disability pay” or “death benefits” within the meaning of Treasury Regulation Section 1.409A-1(a)(5) (collectively, the “Applicable Benefits”) shall be subject to the following requirements in order to comply with Section 409A of the Code. The amount of any Applicable Benefit provided during one taxable year shall not affect the amount of the Applicable Benefit provided in any other taxable year, except that with respect to any Applicable Benefit that consists of the reimbursement of expenses referred to in Section 105(b) of the Code, a limitation may be imposed on the amount of such reimbursements over some or all of the applicable severance period, as described in Treasury Regulation Section 1.409A-3(i)(iv)(B). To the extent that any Applicable Benefit consists of the reimbursement of eligible expenses, such reimbursement must be made on or before the last day of the calendar year following the calendar year in which the expense was incurred. No Applicable Benefit may be liquidated or exchanged for another benefit.

  • PENSIONS AND ANNUITIES 1. Subject to the provisions of paragraph 2 of Article 19, pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment and any annuity paid to such a resident shall be taxable only in that State. 2. The term "annuity" means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • PENSIONS Subject to the provisions of paragraph 2 of Article 19, pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State.

  • Group Life Insurance Plan Eligibility

  • Pension All present employees enrolled in the Hospital's Pension Plan shall maintain their enrolment in the Plan subject to its terms and conditions. New employees and employees employed but not yet eligible for membership in the Plan shall, as a condition of employment, enrol in the Plan when eligible in accordance with its terms and conditions.

  • Benefit to Citizens of Xxxxxxx County The safety of the citizens of Xxxxxxx County is enhanced through this Agreement, which promotes safe boating conditions and reduces costs associated with patrols of recreational waterways.

  • Group Life Insurance The Hospital shall contribute one hundred percent (100%) toward the monthly premium of HOOGLIP or other equivalent group life insurance plan in effect for eligible full-time employees in the active employ of the Hospital on the eligibility conditions set out in the existing Agreements.

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Group Term Life Insurance The Welfare Plan will include Group Term Life Insurance in accordance with the following Table of Hourly Job Rate Brackets and corresponding coverages. Benefits will be payable as a result of death from any cause on a twenty-four (24) hour coverage basis.

  • Life Insurance No portion of your IRA may be invested in life insurance contracts.

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