Purchase of Contributory Time Sample Clauses

Purchase of Contributory Time. Employees shall be allowed to purchase past contributory time with the following provisos: ▪ the entire cost (including the Board’s share) of purchasing past service be borne by the employee; ▪ the past service requested be pre-approved by the Pension Commission; - ▪ employees may request the Board to have the payment for past service deducted from their pay cheque with the understanding that all payments must be made within the fiscal year (July 1 – June 30) application is made. The Board may consider an extension to re-payment in special situations. Note: Eligibility for Medical, Group Life, Dental, Extended Health and Long-Term Disability is as per Clause 15.10 - Benefit Summary.
Sample 1
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Purchase of Contributory Time. Employees shall be allowed to purchase past contributory time with the following provisos: the entire cost (including the Board’s share) of purchasing past service be borne by the employee; the past service requested be by the Pension Commission; employees may request the Board to have the payment for past service deducted from their pay cheque with the understanding that all payments must be made within the fiscal year (July June 30) application is made. The Board may consider an extension to re-payment in special situations. Note: Eligibility for Medical, Group Life, Dental, Extended Health and Long-Term Disability is as per Clause Benefit Summary. Medical Regular employees who have completed one (1) calendar months service within the previous twelve (12) calendar months may participate in the mutually approved Medical Plan. The Board will pay one hundred percent (100%) of the premium. Group Life Insurance Regular employees who have completed sixty-five (65) working shifts service within the previous twelve (12) calendar months shall participate in the Group Life Insurance Policy Payroll Deduction Plan. The Board will pay one hundred percent (100%) of the premium. This Group Life Insurance will provide coverage calculated at three times the annual basic earnings rounded to the next higher one thousand dollars if not already a multiple of one thousand dollars ($1,000). Maximum two hundred thousand dollars ($200,000). Collective Agreement between School District No. Lake) And Page Local January to June
Sample 1

Related to Purchase of Contributory Time

  • TIME OF CONTRACT This Contract shall commence on , and shall terminate on . Certificate(s) of Insurance must be current on day Contract commences and if scheduled to lapse prior to termination date, must be automatically updated before final payment may be made to Contractor. The final invoice must be submitted within 30 days of completion of the stated scope of services.

  • Purchase of Note On the Closing Date (as defined below), the Company shall issue and sell to the Buyer and the Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer’s name on the signature pages hereto.

  • PURCHASE OF RELEASE The Parties agree that the Recipient: (check one) ☐ - Cannot Purchase a Release. The Recipient has no option, during the Term or any period thereafter, to purchase the rights of this Agreement from the Owner for the purposes of waiving any liability or releasing themselves under this Agreement.

  • Re-Purchase of Note If we decide that you provided us with inaccurate information or have otherwise violated your obligations, or if required by any applicable law or regulation related to terrorism, money laundering, and similar activities, we may (but shall not be required to) repurchase your Note for an amount equal to the principal amount outstanding.

  • Purchase and Sale Agreement The Participating Investors and the selling Key Holder agree that the terms and conditions of any Proposed Key Holder Transfer in accordance with this Section 2.2 will be memorialized in, and governed by, a written purchase and sale agreement with the Prospective Transferee (the “Purchase and Sale Agreement”) with customary terms and provisions for such a transaction, and the Participating Investors and the selling Key Holder further covenant and agree to enter into such Purchase and Sale Agreement as a condition precedent to any sale or other transfer in accordance with this Section 2.2.

  • Purchase of Assets 11 3.1 Assets Purchased by Assuming Institution 11

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