Retirement Enhancements Sample Clauses

Retirement Enhancements. The sum of: (A) an amount equal to the sum of the value of the unvested portion of Executive’s accounts or accrued benefits under any defined contribution plan qualified under Section 401(a) of the Code maintained by the Xxxxxxxx Parties as of the Termination Date and forfeited by Executive due to Separation from Service; and (B) an amount equal to three (3) times the total of the allocations made by Xxxxxxxx for Executive under The Xxxxxxxx Companies Retirement Restoration Plan (or any successor plan) during the calendar year preceding the calendar year in which the Change Date occurs.
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Retirement Enhancements. Effective July 7, 2002: 3% @ 55 retirement formula for current bargaining unit employees. The parties agree to utilize 7.28% as the present actuarial value of the increased cost for the 3% at 55 retirement enhancement. The parties further agree that eligible bargaining unit employees will share in that cost increase by contributing 50% of the 7.28% increase or 3.64%. The parties are implementing this section in accordance with Section 31678.2 of the California Government Code. In accordance with this Section, members shall pay the 3.64% as part of the contribution by the employer that would have been required if Section 31664.2 (3% at 55 enabling legislation) had been in effect during the period of time for which this benefit is effective, i.e., going forward and backward. This Agreement shall only be applicable to members who retire on or after the effective date of the resolution implementing this section of the Agreement, or July 7, 2002. Effective July 3, 2005: 3% @ 50 retirement formula for current bargaining unit employees. The parties agree to utilize 5.2% as the actuarial value of the increased cost for the 3% at 50 retirement enhancement. The parties further agree that eligible bargaining unit employees will share in that cost increase by contributing 50% of the 5.2% increase or 2.6%. The parties are implementing this section in accordance with Section 31678.2 of the California Government Code. In accordance with this Section, members shall pay the 2.6% as part of the contribution by the employer that would have been required if Section 31664.1 (3% at 50 enabling legislation) had been in effect during the period of time for which this benefit is effective, i.e., going forward and backward. This agreement shall only be applicable to members who retire on or after the effective date of the resolution implementing this section of the Agreement, or July 3, 2005.
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Retirement Enhancements. With respect to a Participant who shall become entitled to a retirement enhancement in accordance with this Program Schedule 4, such retirement enhancement shall include the following benefits from the Plan: (A) UNREDUCED REGULAR PENSION. The Participant shall receive an unreduced regular pension of $40 per month multiplied by years of continuous service through July 31, 2003.
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Related to Retirement Enhancements

  • Additional Benefits/Card Enhancements The Credit Union may from time to time offer additional services to your account, such as travel accident insurance, at no additional cost to you. You understand that the Credit Union is not obligated to offer such services and may withdraw or change them at any time.

  • System Enhancements State Street will provide to the Fund any enhancements to the System developed by State Street and made a part of the System; provided that State Street offer the Fund reasonable training on the enhancement. Charges for system enhancements shall be as provided in the Fee Schedule. State Street retains the right to charge for related systems or products that may be developed and separately made available for use other than through the System.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Credit Enhancement 55 SECTION 12.

  • Retirement Program Any employee employed prior to October 1, 1977, working at least seventy (70) hours per month shall by law be a member of the Washington Public Employees Retirement system (PERS) Plan One. Any employee working at least seventy (70) hours per month, entering employment on or after October 1, 1977, shall by law be a member of the School Employees Retirement System, Plan Two or Three. The District shall provide each new employee information concerning PERS or SERS membership benefits.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation is payable as follows.

  • Retirement Gratuity Those employees who, on August 31, 2012, were eligible for a retirement gratuity shall have their accumulated sick days vested as of that date, up to the maximum eligible under the retirement gratuity plan.

  • Retirement Retirement" shall mean voluntary termination by the Executive in accordance with the Employers' retirement policies, including early retirement, generally applicable to their salaried employees.

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • Retirement Credit Retirement credit for such periods of leave without pay shall be governed by the rules and regulations of the Division of Retirement and the provisions of Chapter 121, Florida Statutes.

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