Sick Benefit Payout on Death Sample Clauses

Sick Benefit Payout on Death. Where a team member dies while in the employ of the Company, a special cash payment of an amount equivalent to the cash value of 50% of their accumulated sick leave credits shall be paid to the team member's beneficiary as defined by Superannuation records, or, where there is no beneficiary, to the team member's estate. Sick leave credits for the purpose of this article means credit accumulated prior to January 1, 1978, which has not been utilized prior to death. MEMORANDUM OF UNDERSTANDING #1 Modified Workweek The Company shall examine proposals for the introduction of modified workweek schedules on a trial basis and will implement any schedules, which can be shown to increase the productivity of the Company. The procedure for approval and implementation of a modified workweek schedule shall be as follows:
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Sick Benefit Payout on Death. Where a team member dies while in the employ of the Company, a special cash payment of an amount equivalent to the cash value of 50% of their accumulated sick leave credits shall be paid to the team member's beneficiary as defined by Superannuation records, or, where there is no beneficiary, to the team member's estate. Sick leave credits for the purpose of this article means credit accumulated prior to January 1, 1978, which has not been utilized prior to death. MEMORANDUM OF UNDERSTANDING #1
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Sick Benefit Payout on Death. Where a team member dies while in the employ of the Company, a special cash payment of an amount equivalent to the cash value of fifty percent (50%) of their accumulated sick leave credits shall be paid to the team member’s beneficiary as defined by Superannuation records, or, where there is no beneficiary, to the team member’s estate. Xxxx leave credits for the purpose of this article means credit accumulated prior to January 1, 1978, which has not been utilized prior to death. LETTER OF UNDERSTANDING #1 List of Single Arbitrators Further to our discussions at negotiations regarding Article 9.2 (a) or Article 9.10, the parties agree to use the following arbitrators for the term of the Collective Agreement: Xxxxxx Xxxxxxx Xxxxx Xxxxxxxx Xxxxx Xxxxxx These arbitrators are subject to change by mutual agreement. MEMORANDUM OF UNDERSTANDING #1
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Related to Sick Benefit Payout on Death

  • Public Benefit It is Tune Belt’s understanding that the commitments it has agreed to herein, and actions to be taken by Tune Belt under this Settlement Agreement, would confer a significant benefit to the general public, as set forth in Code of Civil Procedure § 1021.5 and Cal. Admin. Code tit. 11, § 3201. As such, it is the intent of Tune Belt that to the extent any other private party initiates an action alleging a violation of Proposition 65 with respect to Tune Belt failure to provide a warning concerning exposure to DINP prior to use of the Products it has manufactured, distributed, sold, or offered for sale in California, or will manufacture, distribute, sell, or offer for sale in California, such private party action would not confer a significant benefit on the general public as to those Products addressed in this Settlement Agreement, provided that Tune Belt is in material compliance with this Settlement Agreement.

  • 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.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Benefit Payments Benefit Payments, as referred to in this Agreement, means the sum of (i) Claims, as described in Xxxxxxxxx 0 xxxxx, (xx) Cash Surrender Values, as described in Paragraph 3 below, and (iii) Annuity Payments, as described in Paragraph 7 below.

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