Spouse Pension Sample Clauses

Spouse Pension. If the insured dies, the surviving spouse has the right to a pension of 55% of the supplementary retirement pension after 67. The spouse pension will, according to this agreement, be paid from the time the wages/pension cease according to this agreement and as long as the spouse is alive. The pension payment ceases at the end of the month of death of the spouse.
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Spouse Pension. If the Annuitant is a Former Pension Plan Member, the insurer guarantees that if the Annuitant dies, the Annuitant's Spouse will receive a Pension (the “Spouse Pension”) equal to at least 60% of the amount of the Pension that the Annuitant was receiving during his/her lifetime, including during any replacement period, the amount of any temporary pension payable thereunder, as the case may be. The Annuitant's Spouse may waive his/her right to a Spouse Pension by means of a written notice addressed to CIBC Investor Services on behalf of the Trustee. Such waiver may itself be revoked by the Annuitant's Spouse by way of a written notice addressed to CIBC Investor Services on behalf of the Trustee or the insurer before the date of conversion, in whole or in part, of the LIF. The Annuitant's Spouse's right to a Spouse Pension is subject to paragraph 5(d) below.
Sample 1
Spouse Pension. If the Annuitant is a former member of the Pension plan from which the funds held in this LIRA originated, the insurer guarantees that if the Annuitant dies, the Annuitant’s Spouse will receive a Pension (the “Spouse Pension” ) equal to at least 60% of the amount of the Pension that the Annuitant was receiving during his/her lifetime, including during any replacement period, the amount of any temporary pension payable thereunder, as the case may be. The Annuitant’s Spouse may waive his/her right to a Spouse Pension by means of a written notice addressed to the Issuer. Such waiver may itself be revoked by the Annuitant’s Spouse by way of a written notice addressed to the Issuer before the date of conversion, in whole or in part, of the LIRA. The Annuitant’s Spouse’s right to a Spouse Pension is subject to section 7 below. In addition, the balance of the LIRA may only be converted into a Pension guaranteed by an insurer and established for the duration of the life of the Annuitant alone or for the duration of the life of the Annuitant and his/her spouse, if the following conditions, where applicable, are met:
Sample 1
Spouse Pension. If the Annuitant is a former member of the Pension plan from which the funds held in this LIRA originated, the insurer guarantees that if the Annuitant dies, the Annuitant’s Spouse will receive a Pension (the “Spouse Pension”) equal to at least 60% of the amount of the Pension that the Annuitant was receiving during his/her lifetime, including during any replacement period, the amount of any temporary pension payable thereunder, as the case may be. The Annuitant’s Spouse may waive his/her right to a Spouse Pension by means of a written notice addressed to CIBC Asset Management Inc., on behalf of the Trustee. Such waiver may itself be revoked by the Annuitant’s Spouse by way of a written notice addressed to CIBC Asset Management Inc., on behalf of the Trustee or the insurer, before the date of conversion, in whole or in part, of the LIRA. The Annuitant’s Spouse’s right to a Spouse Pension is subject to section 7 below. Renaissance Investments Locked-In Retirement Account Amending Agreement (Québec) Supplemental Pension Plans Act of Québec
Sample 1
Spouse Pension. If the Annuitant is a former member of the Pension plan from which the funds held in this LIRA originated, the insurer guarantees that if the Annuitant dies, the Annuitant’s Spouse will receive a Pension (the "Spouse Pension") equal to at least 60% of the amount of the Pension that the Annuitant was receiving during his/her lifetime, including during any replacement period, the amount of any temporary pension payable thereunder, as the case may be. The Annuitant’s Spouse may waive his/her right to a Spouse Pension by means of a written notice addressed to CIBC Investor Services on behalf of the Trustee. Such waiver may itself be revoked by the Annuitant’s Spouse by way of a written notice addressed to CIBC Investor Services on behalf of the Trustee or the insurer before the date of conversion, in whole or in part, of the LIRA. The Annuitant’s Spouse’s right to a Spouse Pension is subject to section 7 below.
Sample 1

Related to Spouse Pension

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, the 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, the 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.

  • Employee Pension Benefit Plans Except as disclosed in ------------------------------ Schedule 3.14, the Company does not maintain or contribute to any arrangement ------------- that is or may be an "employee pension benefit plan" relating to employees, as such term is defined in Section 3(2) of ERISA. With respect to each such plan: (i) the plan is qualified under Section 401(a) of the Code, and any trust through which the plan is funded meets the requirements to be exempt from federal income tax under Section 501(a) of the Code; (ii) the plan is in material compliance with ERISA; (iii) the plan has been administered in accordance with its governing documents as modified by applicable law; (iv) the plan has not suffered an "accumulated funding deficiency" as defined in Section 412(a) of the Code; (v) the plan has not engaged in, nor has any fiduciary with respect to the plan engaged in, any "prohibited transaction" as defined in Section 406 of ERISA or Section 4975 of the Code other than a transaction subject to statutory or administrative exemption; (vi) the plan has not been subject to a "reportable event" (as defined in Section 4043(b) of ERISA), the reporting of which has not been waived by regulation of the Pension Benefit Guaranty Corporation; (vii) no termination or partial termination of the plan has occurred within the meaning of Section 411(d)(3) of the Code; (viii) all contributions required to be made to the plan or under any applicable collective bargaining agreement have been made to or on behalf of the plan; (ix) there is no material litigation, arbitration or disputed claim outstanding; and (x) all applicable premiums due to the Pension Benefit Guaranty Corporation for plan termination insurance have been paid in full on a timely basis.

  • 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.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • UK Pensions (a) Each Loan Party shall ensure that:

  • 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.

  • No Pension Plans Neither the Company nor any current or past ERISA Affiliate has ever maintained, established, sponsored, participated in, or contributed to, any Pension Plans subject to Title IV of ERISA or Section 412 of the Code.

  • Canadian Pension Plans The Loan Parties shall not (a) contribute to or assume an obligation to contribute to any Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent, or (b) acquire an interest in any Person if such Person sponsors, administers, maintains or contributes to or has any liability in respect of any Canadian Defined Benefit Plan, or at any time in the five-year period preceding such acquisition has sponsored, administered, maintained, or contributed to a Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent.

  • 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.

  • 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.

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