Plan One Sample Clauses

Plan One. Severance pay shall be available to teachers electing termination of services in the district and withdrawing from active teaching service who have been employed by regular contract and performed services prior to July 1, 1986 and who meet one of the following set of conditions: (1) have ten years of contracted teaching service in the district, have not less than 15 total years of full-time teaching service or 15 years of allowable service as defined in M.S. 122A.48 and have attained the age of 55 years at the time of retirement is effected; (2) have 25 years or more of service in this district; (3) have not less than 30 years of full-time teaching or 30 years of allowable service as defined in M. S. 122A.48. Teachers with less than 15 years' full-time experience and part-time teachers should refer to subd. 7
Sample 1Sample 2Sample 3See All (7)
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Plan One. A member may elect to maintain his/her current sick leave accumulation, which shall be unlimited as provided under section 42.4(c).
Sample 1Sample 2Sample 3See All (5)
Plan One. For properties with a central heating gas boiler NOT covered by a manufacturer’s warranty. “Plan One” includes all the benefits in the “What is covered?” section of this policy on page 5 including repairs to the gas boiler.
Sample 1
Plan One. In this case Landlord and Tenant shall jointly and co-operatively apply to the City of San Mateo for approval to place two exterior building-mounted lighted signs on Building One (1825, locations V & VI). In the event the City of San Mateo approves this plan, then Landlord shall grant Tenant the right to place two exterior building- mounted lighted signs, one on Building One (1825) and one on Building Two (1875). One of Tenant's additional signs shall be east-facing (in locations V or III) and one of Tenant's additional signs shall be west-facing (in locations VI or IV). Landlord's exterior building-mounted lighted signs shall be in the reciprocal locations from Tenant's signs and shall require the relocation of one of Landlord's two existing signs. The following table outlines the alternatives: TENANT SIGN LOCATION LANDLORD SIGN LOCATION III & VI V & IV V & IV III & VI It shall be at Tenant's preference which of the above alternatives is implemented. In addition, at such time as Tenant places Tenant's signs on Buildings One (1825) and Two (1875), Tenant agrees to remove Tenant's west-facing sign on Building Three (1855, location II) . Tenant shall pay all costs associated with this sign removal including the cost to repair any damage to the Premises and any costs to repaint the area of the building from which the sign was removed so as to render the area uniform in appearance.
Sample 1

Related to Plan One

  • Compensation Plan 1. Subject to any applicable regulation and the Company's/its contractor approval, the applicant shall choose a Compensation Plan on the Affiliate Participation Form. An Affiliate may not change the elected Compensation Plan.

  • Plan The Award and all rights of the Participant under this Agreement are subject to the terms and conditions of the provisions of the Plan, incorporated herein by reference. The Participant agrees to be bound by the terms of the Plan and this Agreement. The Participant acknowledges having read and understanding the Plan, the Prospectus for the Plan, and this Agreement. Unless otherwise expressly provided in other sections of this Agreement, provisions of the Plan that confer discretionary authority on the Board or the Administrator do not (and shall not be deemed to) create any rights in the Participant unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board or the Administrator so conferred by appropriate action of the Board or the Administrator under the Plan after the date hereof.

  • Incentive Plan 23:01 Effective January 1, 2003, the basis on which any Incentive Plan payment is calculated will be modified. The modified plan will be based upon a 100% target payout of 2.5%, comprised of 1.75% District / Departmental targets and 0.75% Spectra Energy Earnings Per Share (EPS). Any Incentive Plan payout will be based upon the employee’s incentive eligible earnings which includes straight-time earnings, STD, vacation pay, holiday pay, flex days, overtime pay, and shift premiums. For clarity, any other forms of payment will not be included in the employee’s incentive eligible earnings. The rules and administration and payout formula of the Company’s Short Term Incentive Plan will apply to this Incentive Plan. The Incentive Plan for employees will be calculated on: ⮚ Operations District/Departmental targets - a sliding scale based on the achievement of the targets. The sliding scale starts at an achievement level of fifty (50%) percent each calendar year. Achievement below fifty percent (50%) in any calendar year results in no payout under this component of the Incentive Plan. At one hundred percent (100%) achievement level in a calendar year, the District / Department component of the Incentive Plan payment will be: • One and three-quarters percent (1.75%) of the employee’s incentive eligible earnings in each calendar year, or At the achievement level of two hundred percent (200%) or more in a calendar year, the maximum District / Department component of the Incentive Plan payment will be: • Three and one-half percent (3.5%) of the employee’s incentive eligible earnings in each calendar year. ⮚ Spectra Energy Earnings Per Share (EPS) - a sliding scale based on the achievement of the target EPS. The sliding scale starts at an achievement level of fifty (50%) percent each calendar year. Achievement below fifty percent (50%) in any calendar year results in no payout under this component of the Incentive Plan. At one hundred percent (100%) achievement level in a calendar year, the EPS component of the Incentive Plan payment will be: • Three-quarters percent (0.75%) of the employee’s incentive eligible earnings in each calendar year, or At the achievement level of two hundred percent (200%) or more in a calendar year, the maximum EPS component of the Incentive Plan payment will be: • One and one-half percent (1.50%) of the employee’s incentive eligible earnings in each calendar year. The District / Department and Spectra Energy Earnings Per Share targets will be established annually by the Company. Any applicable payment under this Incentive Plan will be paid by March 31, of the following calendar year.

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