Sickness benefit fund Sample Clauses

Sickness benefit fund. 10.1.1. Employers shall pay into their respective labour union’s sickness benefit fund an amount constituting 1% of wages paid to employees in order to cover sickness and medical expenses.
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Sickness benefit fund. The employer shall have a duty to pay sick pay in accordance with this section to an employee who is a member of a sickness benefit fund financed by the employer, on condition that the sickness benefit fund is discharged from payment of sickness allowance thereto for the period for which the employer has paid wages in accordance with this section. In the event that the incapacity to work due to illness or accident continues for longer than the period for which the em- ployer has a duty to pay wages, then the sickness ben- efit fund shall be liable for payment of any continuing allowance in accordance with its regulations.
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Related to Sickness benefit fund

  • Retirement Plans 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 (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, JHSS shall provide the following administrative services:

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • 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.

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