Pro-Rating of Benefits Clause Samples

Pro-Rating of Benefits. The following benefits will be prorated in accordance with this Article: (a) Holidays - Each employee will be entitled to one-half (1/2) the paid holidays provided for under Article 17 of the Agreement.
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Pro-Rating of Benefits. The benefits provided under this agreement apply to employees who work the normal hours of work. Except where a benefit is specifically based on hours worked, such as vacation and sick leave, benefits shall be pro-rated where employees work less than full-time hours.
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Pro-Rating of Benefits. C.1.9.1 Teachers who have been assigned a teaching assignment of half time or more will have their benefits determined as though they were full-time. C.1.9.2 Teachers who have been assigned a teaching assignment of less than half time will have their benefits determined on a pro-rated basis. C.1.9.3 Teachers who have been assigned a teaching assignment in only one semester shall have their benefits determined by the above two articles on an annualized basis.
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Pro-Rating of Benefits. Part-time teachers teaching half-time or more will have their benefits determined as though they were full-time. Part-time teachers teaching less than half-time will participate on a pro-rated basis commencing September 1, 1999.
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Related to Pro-Rating of Benefits

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • Form and Timing of Severance Benefits The Severance Benefits described in Sections 2.3(a), 2.3(b), and 2.3

  • Calculation of Benefits Immediately following delivery of any Notice of Termination, the Company shall notify the Executive of the aggregate present value of all termination benefits to which he would be entitled under this Agreement and any other plan, program or arrangement as of the projected Date of Termination, together with the projected maximum payments, determined as of such projected Date of Termination that could be paid without the Executive being subject to the Excise Tax.

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Payment of Benefits All or part of the contract benefits may be paid under one or more of the following: - a variable payment plan; - a fixed payment plan; or - in cash. The provisions and rate for variable and fixed payment plans are described in Section 11. Contract benefits may not be placed under a payment plan unless the plan would provide to each beneficiary a monthly income the initial amount of which is at least the minimum payment amount shown on page 4. A Withdrawal Charge will be deducted from contract benefits before their payment under certain conditions described in Section 7.3.