RETIREMENT LONGEVITY BENEFITS Sample Clauses

RETIREMENT LONGEVITY BENEFITS. Appendix F represents a negotiated restructuring of Retirement Longevity Benefits that was agreed to in 2019 for the 2019-2021 contract (but never enacted). This new language was a result of changes to Illinois General Assembly amendments of section 40 ILCS 5/16- 158. Before the 2019-2021 contract was approved, the proposed amendments to section 40 ILCS 5/16-158 were reverted. As a result, the Retirement Longevity Benefits from the 2016-2019 contract replaced the language below and were in effect for the 2019-2021 contract. Current Retirement Longevity Benefits for members are detailed in Article XV. The language in Appendix F below is retained as a negotiated model for restructuring retirement benefits should there be changes to section 40 ILCS 5/16-158, requiring both parties to convene negotiations regarding Retirement Longevity Benefits.
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RETIREMENT LONGEVITY BENEFITS. Appendix F represents a negotiated restructuring of Retirement Longevity Benefits that was agreed to in 2019 for the 2019-2021 contract (but never enacted). This new language was a result of changes to Illinois General Assembly amendments of section 40 ILCS 5/16-158. Before the 2019-2021 contract was approved, the proposed amendments to section 40 ILCS 5/16-158 were reverted. As a result, the Retirement Longevity Benefits from the 2016-2019 contract replaced the language below and were in effect for the 2019- 2021 contract. Current Retirement Longevity Benefits for members are detailed in Article
RETIREMENT LONGEVITY BENEFITS 

Related to RETIREMENT LONGEVITY BENEFITS

  • 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. .

  • Maternity Benefits (i) Subject to the provisions of this part of the Agreement a female contributor who-

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • 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.

  • Retirement Savings 5.6.1 Principals are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Sick Leave to Establish EI Maternity Benefits If the Employee will be able to establish a new EI Maternity Benefit claim in the six weeks immediately following the birth of her child through access to sick leave at 100% of her regular salary, she shall be eligible for up to six weeks leave at 100% of her regular salary without deduction from the sick days or short term disability leave days (remainder of six weeks topped-up as SEB).

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Early Retirement Benefits If elected in the Adoption Agreement, an Early Retirement benefit may be available to individuals who meet the age and Service requirements that are specified in the Adoption Agreement. A Participant who attains his or her Early Retirement Date will become fully vested, regardless of any vesting schedule which otherwise might apply. If a Participant separates from Service with a nonforfeitable benefit before satisfying the age requirements, but after having satisfied the Service requirement, the Participant will be entitled to elect an Early Retirement benefit upon satisfaction of the age requirement.

  • 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

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