Retirement and Disability Benefits Sample Clauses

Retirement and Disability Benefits. [204] Upon the issuance of the award in case number 2010-MBA-116, the following changes shall apply to the current pension benefits. Unless specifically amended by the terms cited below, all other pension provisions shall remain in effect for all employees.
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Retirement and Disability Benefits. 5.01 Events Entitling Participant to Distribution 5.02 Methods of Benefit Payment 5.03 Cash Out Payment 5.04 Payment if Vested Account Balance exceeds $3,500 5.05 Nonforfeitability of Benefits
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Retirement and Disability Benefits. 6.1 VESTING. A Participant shall at all times have a nonforfeitable (vested) right to his Account derived from elective deferrals, "after-tax" contributions, Employer "fail-safe" contributions under Section 10.2, and rollovers or transfers from other plans, as adjusted for investment experience. Except as otherwise provided with respect to Normal Retirement, Disability, or death, a Participant shall have a nonforfeitable (vested) right to a percentage of the value of his Account derived from Employer contributions under Section 4.2(a) as follows:
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Retirement and Disability Benefits. (a) Unless the Executive elects otherwise pursuant to Section 2(b), the benefit payable to the Executive upon his Retirement or Disability will be a single life annuity of $1,966.00 per month.
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Retirement and Disability Benefits. Upon the issuance of the award in case number 2010-MBA-116, the following changes shall apply to the current pension benefits. Unless specifically amended by the terms cited below, all other pension provisions shall remain in effect for all employees. Years of Service Change to Plan Design 20 or more years 1. Employee contribution increased to 9% in two 1.5% increments as discussed; and 2. Voluntary buyout of future COLA’s at 40% of actuarial value; 10 but less than 20 years 1. Employee contribution increased to 9% in two 1.5% increments as discussed; and 2. COLA reduced to 2% annual maximum increase in addition to a lifetime increase capped at 10% and 3. Voluntary buyout of future COLA’s at 40% of actuarial value.
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Related to Retirement and Disability Benefits

  • Death and Disability Benefits (a) In the event the Executive’s employment with the Bank terminates during the Employment Period because of the Executive’s death, then the Bank shall pay to the Executive’s estate the benefits listed in sections 9(b)(i) and 9(b)(ii) of this Agreement.

  • Disability Benefits Technology Errors and Omissions Not less than $1,000,000 each claim Not less than $2,000,000 in aggregate At the time of the first transaction with an Authorized User and updated in accordance with Contract Crime Insurance Not less than $50,000 Lot 3 Insurance Type Proof of Coverage is Due Commercial General Liability Not less than $5,000,000 each occurrence Updated in accordance with Contract General Aggregate $2,000,000 Products – Completed Operations Aggregate $2,000,000 Personal and Advertising Injury $1,000,000 Business Automobile Liability Insurance Not less than $5,000,000 each occurrence Workers’ Compensation

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Death and Disability (a) The Employment Term shall terminate on the date of Employee's death, in which event Employee's Salary, reimbursable expenses and benefits owing to Employee through the date of Employee's death shall be paid to his estate. Employee's estate will not be entitled to any other compensation upon termination of this Agreement pursuant to this subparagraph 8(a).

  • Termination of Employment and Severance Benefits The Executive’s employment hereunder shall terminate under the following circumstances:

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Disability; Retirement If, as a result of your incapacity due to physical or mental illness, You shall have been absent from the full-time performance of your duties with the Company for 6 consecutive months, and within 30 days after written notice of termination is given You shall not have returned to the full-time performance of your duties, your employment may be terminated for "Disability." Termination of your employment by the Company or You due to your "Retirement" shall mean termination in accordance with the Company's retirement policy, including early retirement, generally applicable to its salaried employees or in accordance with any retirement arrangement established with your consent with respect to You.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Supplemental Retirement Benefits The terms and conditions for the payment of supplemental retirement benefits are set forth in a separate written agreement between the parties.

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