Special Early Allowance Sample Clauses

Special Early Allowance. The special early allowance shall be payable for employees age 55 with 30 or more years of service as follows: February 1, 2016 $2000.00 per month February 1, 2017 $2000.00 per month February 1, 2018 $2000.00 per month The calculation of this benefit shall be deemed to include the supplementary benefit without regard to any statutory benefits and is payable to age 60.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Special Early Allowance. The special early allowance shall be payable for employees age with or more years of service as follows: February per month February per month February per month The calculation of this benefit shall be deemed to include the supplementary benefit without regard to any statutory benefits and is payable to age The Company agrees to delete words "prior to reduction by pension" from the second paragraph of section The Company agrees to increase such earnings limitation under section (111) of the pension plan text to the Years Maximum Pensionable Earnings MPE). The Company agrees to delete the double penalty in section of the pension plan text for earn- ings over the specified earnings limitation.
Sample 1
Special Early Allowance. The special early allowance shall be payable for employees age with or more years of service as follows: February per month February per month month The calculation of this benefit shall be deemed to the supplementary benefit without regard to any statutory benefits and is payable to age The Surviving Spouse benefit will be payable at of the basic benefits. The definition of spouse will include common-law relationships of one year. The Plan provisions will comply with current legal requirements. During the term of this agreement, a Pension Plan Board of Administration will be established for the purpose of affording the Union the opportunity to review information regarding employees who may retire before the expiration date. The Union function in regard will consist of receiving specific Pension benefit data pertaining to these individuals including verification of monthly pension calculations and the providing of basic actuarial data on an annual basis. The Company agrees to provide member’s contributory account balances to the bargaining committee annually, including the effective rate of return over the previous year.
Sample 1
Special Early Allowance. The special early allowance shall be payable for employees age 55 with 30 or more years of service as follows: February 1, 2007 $1900.00 per month February 1, 2008 $1950.00 per month February 1, 2009 $2000.00 per month The calculation of this benefit shall be deemed to include the supplementary benefit without regard to any statutory benefits and is payable to age 60. The Company agrees to delete words "prior to reduction by Canada/Quebec pension" from the second paragraph of section 3.04. The Company agrees to increase such earnings limitation under section 3.02 (III) of the pension plan text to the Years Maximum Pensionable Earnings (YMPE). The Company agrees to delete the double penalty in section 3.02 (III) of the pension plan text for earnings over the specified earnings limitation.
Sample 1

Related to Special Early Allowance

  • Holiday allowance A full-time Pharmacist who does not work on a holiday shall be paid eight (8) hours holiday allowance. A part-time Pharmacist shall receive holiday allowance as provided in Section D, below.

  • Laundry Allowance A laundry and dry cleaning allowance of $20.00 per week is to be paid to Appraisers assigned to work outside the County of Los Angeles for periods in excess of 14 calendar days.

  • INJURY ALLOWANCE 34.01 An employee injured on the job shall be paid for the balance of his or her shift on which the injury occurred if, as a result of such an injury, the employee is sent home by the Employer or is sent to an outside hospital and doctor at such hospital or the employee’s own doctor certifies that the employee should not return to work. The Employer will make available transportation for such injured employee.

  • Retirement Allowance Prior to issuing notice of layoff pursuant to article 9.08(a)(ii) in any classification(s), the Hospital will offer early-retirement allowance to a sufficient number of employees eligible for early retirement under HOOPP within the classification(s) in order of seniority, to the extent that the maximum number of employees within a classification who elect early retirement is equivalent to the number of employees within the classification(s) who would otherwise receive notice of layoff under article 9.08(a)(ii). An employee who elects an early retirement option shall receive, following completion of the last day of work, a retirement allowance of two (2) weeks' salary for each year of service, plus a prorated amount for any additional partial year of service, to a maximum ceiling of fifty-two (52) weeks' salary.

  • Maternity Allowance (a) An employee who has been granted maternity leave without pay shall be paid a maternity allowance in accordance with the terms of the Supplemental Unemployment Benefit (SUB) Plan described in paragraph (c) to (i), provided that she:

  • TERMINATION ALLOWANCE In the event of closure of all or part of the Employer’s retail store, which results in the permanent lay-off of any employees, the employer agrees to pay each employee so affected, in accordance with Company policy, the following: • Less than one (1) completed year of service: according to Employment Standards (if any). • A year or more but less than five (5) completed years of service: one (1) week’s pay for each completed year of service. • More than five (5) completed years of service: five (5) weeks for the first five (5) years of service plus one and a half (1.5) weeks per completed year of service for each subsequent year up to a maximum of thirty (30) weeks in total.

  • Motor allowance Employees who in the service of their employer use their own vehicles at the request of their employer shall be paid per kilometre at the rate detailed in Appendix A.

  • Productivity Allowance A productivity allowance per hour worked will be paid to employees engaged upon construction work from the date of agreement. This allowance will not be subject to penalty addition and shall be in lieu of all or any Parent Award disability allowances, with the exception of the multi-storey allowance. Site/Project Allowances will be paid in addition to the productivity allowance where such an addition is either:

  • On Call Allowance (a) An employee who agrees to be on call, that is, the employee agrees to make themselves ready and available to return to work at short notice whilst off duty, shall be paid the allowance, for each period of 24 hours or part thereof, set out in Item 17 of Table 2 of Schedule B to this Agreement.

  • Vacation Allowance Employees in permanent positions are entitled to vacation with pay. Accrual is based upon straight time hours of working time per calendar month of service and begins on the date of appointment to a permanent position. Increased accruals begin on the first of the month following the month in which the employee qualifies. Accrual for portions of a month shall be in minimum amounts of one (1) hour calculated on the same basis as for partial month compensation pursuant to Section 5.6 of this MOU. Vacation credits may be taken in one (1) minute increments but may not be taken during the first six (6) months of employment (not necessarily synonymous with probationary status) except where sick leave has been exhausted; and none shall be allowed in excess of actual accrual at the time vacation is taken.

Time is Money Join Law Insider Premium to draft better contracts faster.