Right of Employee Sample Clauses

Right of Employee. 4.1 The Employee’s designated beneficiary shall receive a portion of the death benefits of the Insurance Policy (the “Employee Death Benefit”) and the Employee shall have the right to designate and change direct and contingent beneficiaries (collectively, the “Beneficiary”). The Beneficiary designation shall be made on forms provided by the Bank and in manner acceptable to the Bank, Employee’s written designation of Beneficiary shall be conclusive proof of the Employees Beneficiary designation and upon Bank’s payment to the designated Beneficiary the Bank shall have no further liability to the estate of the Employee or Beneficiary. 4.2 In the case of the Employee’s death before Termination of Employment, the Employee shall have the right to designate the beneficiary (ies) of death proceeds in the amount of the Employee’s annual salary at the time of death multiplied by three (to a maximum of $250,000.00), plus an additional $150,000.00. 4.3 The Bank and Employee agree to cooperate and execute any other further documents that may be required to effectuate this Agreement. 4.4 Employee Death Benefit defined in subsection 4.2 hereinabove shall be due and payable by the Insurance Company referred in Schedule 1 and Employee agrees to look solely to Insurance Company for payment. Employee agrees for himself/herself and his/her heirs, personal representatives, executors, administrators, beneficiaries, successors and assigns hereby Releases Bank completely and fully from any and all claims whatsoever whether known or unknown resulting from the Agreement. Payment as used herein shall be defined as presentment of an Insurance Company check to the designated Beneficiary.
Sample 1
Right of Employee. Nothing herein shall be construed as limiting the right of any employee having a grievance, to discuss the matter informally with any appropriate member of the administration and have the grievance adjusted without intervention of the Union, provided the adjustment is not inconsistent with terms of this Agreement and that the Union has been given the opportunity to be present at any adjustment.
Sample 1Sample 2
Right of Employee. 4.1. The Employee shall have the right to designate and change direct and contingent beneficiaries (collectively, the "Beneficiary") of the Employee death benefits of the Insurance Policy (the "Employee Death Benefit"). The Employee Death Benefit shall be the first $250,000 paid under the Insurance Policy following the death of the Employee. Employee's Beneficiary designation shall be made in writing delivered to the Human Resources Department at the Bank. Employee's Beneficiary may be amended by the Employee from time to time. 4.2. The Bank hereby endorses the Employee Death Benefit to the Employee, and agrees to execute any other or further documents that may be required in order to effectuate this Split Dollar Insurance Agreement.
Sample 1
Right of Employee is changed as follows:
Sample 1
Right of Employee. The unit member shall attend any hearing, unless excused by the Superintendent and shall be entitled to: 1. Be represented by a designated CSEA representative at such hearing; 2. Testify under oath; 3. Consistent with applicable law, compel the attendance of other Superintendent of Schools unit members to testify in his/her behalf; 4. Cross-examine all witnesses appearing against him/her; 5. Present such affidavits, exhibits or other evidence as the Superintendent deems pertinent to the inquiry; 6. The party attempting to substantiate the charges against the unit member shall be entitled to the same privileges.
Sample 1

Related to Right of Employee

  • No Right of Employment Nothing in this Agreement shall be construed as giving the Executive any right to be retained in the employ of the Company or shall interfere in any way with the right of the Company to terminate the Executive’s employment at any time, with or without Cause.

  • Employment of Employee (a) Except as provided in Sections 2(b), 2(c) and 2(d), nothing in this Agreement shall affect any right which Employee may otherwise have to terminate Employee's employment, nor shall anything in this Agreement affect any right which the Company may have to terminate Employee's employment at any time in any lawful manner. (b) In the event of a Potential Change in Control, to be entitled to receive the benefits provided by this Agreement, Employee will not voluntarily leave the employ of the Company, and will continue to perform Employee's regular duties and the services specified in the recitals of this Agreement until the Change in Control Date. Should Employee voluntarily terminate employment prior to the Change in Control Date, this Agreement shall lapse upon such termination and be of no further force or effect. (c) If Employee's employment terminates on or after the Change in Control Date, the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4. (d) If Employee's employment is terminated by the Company prior to the Change in Control Date but on or after a Potential Change in Control Date, then the Company will provide to Employee the payments and benefits as provided in Sections 3 and 4 unless the Company reasonably demonstrates that Employee's termination of employment neither (i) was at the request of a third party who has taken steps reasonably calculated to effect a Change in Control nor (ii) arose in connection with or in anticipation of a Change in Control. Solely for purposes of determining the timing of payments and the provision of benefits in Sections 3 and 4 under the circumstances described in this Section 2(d), Employee's date of termination shall be deemed to be the Change in Control Date.

  • End of Employment If the employment of an employee who is eligible for the bonus ends before annual payment of the bonus, then 1/12 of the sum that was last paid to the employee in seniority bonus shall be paid to the employee at the time of the final wage payment for each month for which the employee has earned annual holiday as of the start of the preceding December.

  • Reinstatement of Employee An employee who wishes to resume employment on the expiration of leave granted in accordance with this Article shall be reinstated in the position occupied at the time such leave commenced.

  • Death of Employee Any distribution or delivery to be made to the Employee under this Agreement will, if the Employee is then deceased, be made to the administrator or executor of the Employee’s estate. Any such administrator or executor must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.

  • Statement of Employment An employer shall, in the event of termination of employment, provide upon request to the employee who has been terminated a written statement specifying the period of employment and the classification or type of work performed by the employee.

  • Abandonment of Employment Where an employee absents him/herself from work for a continuous period exceeding three working days without the consent of the employer and without notification to the employer, and without good cause, he/she shall be deemed to have terminated his/her employment without notice.

  • Commencement of Employment 2.1 The Employment will start on 1 June 2009 (the “Commencement Date”). The Employment will continue until termination in accordance with the provisions of this agreement. 2.2 The Executive warrants that he is not prevented from taking up the Employment or from performing his duties in accordance with the terms of this agreement by any obligation or duty owed to any other party, whether contractual or otherwise.

  • Length of Employment Borrower The number of years of service with the borrower’s current employer as of the date of the loan. Borrower Qualification Numeric – Decimal 3.5 99.99 Always >=0 99 = Retired, None employment income soure (social security, trust income, dividends, etc.)

  • CONTRACT OF EMPLOYMENT 22.1 At the point of engagement of each Employee, the Employer must inform the person in writing whether the engagement is on a permanent, casual or job share basis, stating by whom the Employee is employed, the job performed, the classification level, office from which they are engaged and the relevant rate of pay. Employees may relocate and transfer their office of engagement provided that there has been consultation between the Parties and it is agreed in writing between the Employer and the Employee. Each new Employee shall upon commencement also be provided with a copy of this Agreement, or alternatively, access to the Agreement in electronic format at the discretion of the Employee. 22.2 The Employer may direct an Employee to carry out such duties as are reasonably within the limits of the Employee's skill, competence and training consistent with the Employee's classification provided that such duties do not promote deskilling. 22.3 If an Employee is absent from work for a period for which they have or will claim workers' compensation, the Employee's contract of employment shall remain intact during the period of absence. The Employer shall continue to make contributions (and where applicable, reports of service) on behalf of the Employee to BUSSQ, XXXX, BEWT, CIPQ and Qleave or NTBuild or other funds nominated herein. The Employee shall also continue to accrue all appropriate leave entitlements for the first twelve months of the Employee's absence due to the workers compensation claim.

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