Sick Benefit Bank Sample Clauses

Sick Benefit Bank. A Sick Benefit Bank shall be established to assist employees on continuing employment who have exhausted their sick leave credits and remain on sick leave of absence due to prolonged serious illness or disability, with the following criteria: (a) Two (2) members from the Board and two (2) members from the Union will form a Sick Benefit Bank Committee to review and make recommendations to the Board for disbursement from the sick benefit bank. (b) If the Committee cannot agree then the application shall be forwarded to a mutually agreed upon mediator whose decision shall be final and binding. Any costs incurred shall be shared equally. (c) The Board shall maintain the Sick Benefit Bank in such amount as to ensure payments can be made to meet its liabilities pursuant to Article 23.06.
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Sick Benefit Bank. 23.09 A Sick Benefit Bank is established to assist in absences due to extended illness or disability. 23.10 A Sick Benefit Bank Committee will be appointed by the Union to establish the validity of claims and to make recommendations to the University regarding disbursements from the Sick Benefit Bank. 23.11 On January 1 of the first and second full calendar years of employment, each employee will contribute a number of non-returnable sick leave days equal to 1/4 day for each month of employment in that year. In each succeeding year a further number of non-returnable sick leave days up to a maximum of 3 will be contributed in order to achieve and/or maintain the Bank at a level of 500 working days. 23.12 Payments from the Sick Benefit Bank will be made by the University upon receipt of written recommendation from the Sick Benefit Bank Committee that benefits be granted within the limits of the following allotment schedule. Benefits for employees working a regular schedule of less than 12 months annually will be prorated.
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Sick Benefit Bank. A Sick Benefit Bank is established to assist in absences due to extended sickness or disability. Sick Benefit Bank replenishment will be assisted by credits derived from lowered annual average individual usage of sick benefits. The following procedures shall apply:
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Related to Sick Benefit Bank

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time-to-time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time-to-time by the Company for the benefit of its senior executives, other than any annual cash incentive plan.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one)

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

  • 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.

  • Retirement and Welfare Benefits During the Term, the Executive shall be eligible to participate in the Company’s health, life insurance, long-term disability, retirement and welfare benefit plans, and programs available to similarly-situated employees of the Company, pursuant to their respective terms and conditions. Nothing in this Agreement shall preclude the Company or any Affiliate (as defined below) of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Benefit Period Following the Qualifying Period you will receive a monthly income until the earlier of: (i) Attainment of age 65 (ii) Cessation of total disability (iii) Attainment of date of retirement

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