Supplemental Benefit. The Trustees are to continue one hundred dollar ($100) bonus program as a general obligation of the Pension Trust for the term of this Agreement.
Supplemental Benefit. If the Officer Retires at or after age 55 but prior to his or her Normal Retirement Date with ten or more years of Continuous Employment and five or more years of Continuous SRP Employment, the Officer shall receive the Supplemental Benefit described in Article III commencing on the first day of the month following the Officer’s Separation from Service (but subject to the 6-month delay pursuant to Section 3.1(c)(ii)). If the Officer’s Separation from Service occurs more than one month prior to age 62, the monthly amount shall be reduced by five-twelfths of one percent (.4167%) for each month by which the Separation from Service precedes his or her Normal Retirement Date. The reduction factors will be applied to the Officer’s Supplemental Benefit prior to any offset described in Section 3.1.
Supplemental Benefit. An employee who is otherwise eligible for sick leave accumulations and who is injured on the job shall be paid to the extent of sixty (60) working days for and within one (1) calendar year following each new and separate injury, in addition to, and prior to, the use of sick leave accumulations, and as a supplement to any minimum benefits due under the State Industrial Insurance Act, except as provided hereafter in this section.
Supplemental Benefit. (a) An employee who commences pregnancy and/or parental or adoption leave pursuant to this agreement and who provides the Employer with proof they have applied for and are eligible to receive employment insurance (EI) benefits, is entitled to supplemental benefits (salary top-up) as follows:
Supplemental Benefit. (a) Subject to the following provisions of this Article III and Section 7.1, if the Officer has five or more years of Continuous SRP Employment, remains a full-time employee, remains an Eligible Officer until his or her Normal Retirement Date, and subsequently Retires, the Officer shall receive a Supplemental Benefit equal to 50% of the Officer’s Final Average Earnings, reduced by the sum of the monthly benefits payable to the Officer from all of the Pension Plans.
(b) For the purposes of Section 3.1(a), the amount of the Officer’s monthly benefit from each applicable Pension Plan shall be determined as follows:
(i) If the Officer receives a joint and survivor annuity from the Alliant Energy Cash Balance Pension Plan and the Officer’s Surviving Spouse is the joint annuitant, the Officer’s monthly benefit from that Pension Plan shall be the monthly amount payable to the Officer under such joint and survivor annuity.
(ii) If the Officer receives a single life annuity from the Alliant Energy Cash Balance Pension Plan, the Officer’s monthly benefit from that Pension Plan shall be the monthly amount payable to the Officer under such single life annuity.
(iii) If the Officer receives any other form of payment from a Pension Plan, such other form of payment shall be converted to an actuarially equivalent single life annuity, using the actuarial assumptions under the Alliant Energy Cash Balance Pension Plan that would apply as of the Officer’s Separation from Service if the payment were from that Pension Plan, and the Officer’s monthly benefit from the Pension Plan shall be the monthly amount that would be payable to the Officer under such single life annuity.
(iv) If a portion of the Officer’s benefits under any Pension Plan has been awarded to an Alternate Payee pursuant to a qualified domestic relations order, as defined in Code Section 414(p), the Officer’s monthly benefit from that Pension Plan shall be deemed to be the amount that would have been payable to the Officer if no such order had been entered.
(v) The Officer’s monthly benefit from each Pension Plan shall be determined as though it had commenced on the first day of the month following the Officer’s Separation from Service, regardless of when the Officer’s Pension Plan benefit actually commences. If the Officer has not selected a form of payment from the Alliant Energy Cash Balance Pension Plan by that time, the form of payment shall be assumed to be a single life annuity.
(vi) For the portion of an...
Supplemental Benefit. Employees hired on or after July 1, 2005, are not eligible to receive the “13th Check” supplemental benefit set forth in Municipal Code Sections 24.1502(c) and 24.1503.
Supplemental Benefit. There is no Benefit Amount payable under this Section in respect of Insured Persons described in Categories C & D (School Governors, Volunteers, Helpers / Assistants). If an Insured Person described in Category A (Pupil) or Category B (Employee) sustains Bodily Injury resulting in a Permanent Disability insured under Items 1 to 14 of Section 1 (Serious Injury) and/or Section 3 (Disfigurement or scarring of the Face and Body) and the total Benefit Amount payable reaches the amount stated in the Schedule of Benefits, the Supplemental Benefit stated in the Schedule of Benefits is also payable.
Supplemental Benefit. If the Executive shall continue in the employment of the Corporation until he attains the age of sixty-five (65), the date of such occurrence is hereby established to be October 29, 2003 for purposes hereof (the "Benefit Date"), and he retires from active daily employment with the Corporation not later than the first day of the calendar month coinciding with or next following the Benefit Date, or such later date as may be determined by the Board of Directors of Elco Industries, Inc., in its sole discretion ("Retirement Date"), then the Corporation agrees that it will pay to the Executive an amount equal to the Annual Amount on the first day of the second calendar month following the Executive's Retirement Date (the "Retirement Payment Commencement Date") and on each of the successive fourteen anniversary dates of that date, until he has received a total of fifteen (15) equal payments of the Annual Amount. The aggregate amount of such fifteen (15) equal payments of the Annual Amount is hereinafter referred to as the "Supplemental Benefit". With respect to the Supplemental Benefit:
Supplemental Benefit. If the Officer becomes Disabled prior to his or her termination of employment with the Company and continues to be Disabled until he or she would have been entitled to a Supplemental Benefit under Articles III or IV, the Officer shall be eligible to receive a Supplemental Benefit commencing on the first day of the month following the date on which the Officer ceases to be entitled to disability benefits under the Company’s long-term disability plan (such date hereinafter referred to as the “Cessation Date”). The amount payable under this Article V shall be calculated and paid in the same manner, and shall be subject to the same conditions and limitations, as the benefit described in Article III (if the Cessation Date occurs on or after the Officer’s Normal Retirement Date) or in Article IV (if the Cessation Date occurs prior to the Officer’s Normal Retirement Date but after the Officer’s eligibility for a Supplemental Benefit under Article IV).
Supplemental Benefit. (a) Subject to the following provisions of this Article III, if the Officer remains a full-time employee and remains a Company officer until his or her Normal Retirement Date, the Officer shall receive a Supplemental Benefit equal to 60% of the Officer’s Final Average Earnings, reduced by the sum of:
(i) the monthly benefit payable to the Officer from the qualified Pension Plan; plus
(ii) the monthly benefit payable to the Officer from the nonqualified Pension Plan; plus
(iii) the monthly amount of the Officer’s Prior Employer Benefit. The Supplemental Benefit shall be paid in (A) equal monthly installments, commencing on the first day of the month following the Officer’s retirement from the Company as both an officer and an employee and ending when 216 monthly payments have been made to the Officer, (B) a single lump sum, or (C) an annual installment option with installment payments for up to a maximum of ten years. The Officer must indicate the desired form of payment by submitting a distribution election form to the Company at least 12 months before his or her retirement date (the most recent election on file 12 months prior to the retirement date being the “Valid Election”). As a transition exception, an election filed by August 31, 2003 will be a Valid Election with respect to a retirement date on or after January 1, 2004. If no Valid Election is on file, the default election is the monthly installment option described in (A) above. If the Officer elects an annual installment option as described in (C) above, the lump sum value determined under (B) above will be the initial account used to determine annual installment payments. This initial account will be credited interest in accordance with the Alliant Energy Key Employee Deferred Compensation Plan’s (“KEDCP”) Interest Account crediting rates and administrative procedures. The lump sum payment or the first annual installment payment shall be made within 60 days after the Officer’s retirement or within 60 days after the last day of the calendar year in which the Officer retires, as elected by the Officer in the Valid Election. Each annual installment after the first shall be paid within 31 days after the last day of the calendar year in which the previous installment was paid.
(b) For the purposes of Subparagraph (a), the amount of the Officer’s monthly benefit from the Pension Plan shall be determined as follows:
(i) If the Officer receives a joint and survivor annuity from the Pension Plan and the ...
