Supplementary Benefit to Parental Leave Sample Clauses

Supplementary Benefit to Parental Leave. The Company shall provide a supplement to the EI parental benefit up to a maximum period of four (4) weeks to those employees who are eligible for parental leave under the provisions of the Company’s program and who qualify for EI parental benefits. An employee on approved parental leave that was not preceded by a period of maternity leave must submit the first EI stub as proof of eligibility to receive the EI benefit. In order to be eligible to receive and retain the Supplementary Benefit, the employee must return to work for a period of at least six (6) continuous months following the approved leave period. If the employee terminates prior to completing the full six (6) months, the Supplementary Benefit shall be paid back on a pro-rated basis. For employees who are required to satisfy a waiting period immediately prior to receiving EI parental benefits, the Supplementary Benefit payment shall consist of the following: • For each week of the waiting period (maximum of two (2) weeks period), the Company shall pay an amount equal to ninety-three percent (93%) of the employee’s normal weekly salary; and • For the two (2) week period following the waiting period, the Company shall pay an amount equal to the difference between the EI weekly parental benefit and ninety-three percent (93%) of the employee’s normal weekly salary. For employees who are not required to satisfy a two (2) week waiting period prior to receiving EI parental benefits, the Supplementary Benefit payment shall be an amount equal to the difference between the EI weekly parental benefit and ninety- three percent (93%) of the employee’s normal weekly salary for up to four (4) weeks. The normal weekly salary is defined as the salary that was in effect on the date the parental leave commenced or in the case of an employee whose parental leave was immediately preceded by maternity leave, the normal weekly salary shall be the salary that was in effect on the date the maternity leave commenced. For clarity, the maximum total supplementary benefit for Maternity and Parental Leave is twenty (20) weeks, if applicable. Note: If the two week waiting period is reduced to one week, the maternity and parental leave provisions will be applied such that the total number of weeks under which the employee receives 93% of salary will remain the same
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Supplementary Benefit to Parental Leave. The Company shall provide a supplement to the EI parental benefit up to a maximum period of four (4) weeks to those employees who are eligible for parental leave under the provisions of the Company’s program and who qualify for EI parental benefits. An employee on approved parental leave that was not preceded by a period of maternity leave must submit the first EI stub as proof of eligibility to receive the EI benefit. In order to be eligible to receive and retain the Supplementary Benefit, the employee must return to work for a period of at least six (6) continuous months following the approved leave period. If the employee terminates prior to completing the full six
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Supplementary Benefit to Parental Leave. The Company will provide a supplement to the EI parental benefit up to a maximum period of thirty-seven (37) weeks to those employees who are eligible for parental leave under the provisions of CW-510300-PRO-213 dated August 16, 2005 and who qualify for EI parental benefits. An employee on approved parental leave that was not preceded by a period of maternity leave must submit the first EI stub as proof of eligibility to receive the EI benefit. In order to be eligible to receive and retain the Supplementary Benefit, the employee must return to work for a period of at least six continuous months following the approved leave period. If the employee terminates prior to completing the full six months, the Supplementary Benefit must be paid back on a pro-rated basis. For employees who are required to satisfy a two-week waiting period immediately prior to receiving EI parental benefits, the Supplementary Benefit payment will consist of the following: (a) For each week of the two-week waiting period, the Company will pay an amount equal to 93% of the employee’s normal weekly salary; and (b) For the period following the waiting period, the Company will pay an amount equal to the difference between the EI weekly parental benefit and 75% of the employee’s normal weekly salary. (c) For employees who are not required to satisfy a two-week waiting period prior to receiving EI parental benefits, the Supplementary Benefit payment will be an amount equal to the difference between the EI weekly parental benefit and 75% of the employee’s normal weekly salary. The normal weekly salary is defined as the salary that was in effect on the date the parental leave commenced or in the case of an employee whose parental leave was immediately preceded by maternity leave, the normal weekly salary will be the salary that was in effect on the date the maternity leave commenced.
Sample 1
Supplementary Benefit to Parental Leave. The Company will provide a supplement to the EI parental benefit to those employees who are eligible for parental leave under the provisions of the Company procedure (see Appendix A) and who qualify for EI parental benefits while they are receiving parental benefits. An employee on approved parental leave that was not preceded by a period of maternity leave must submit the first EI stub as proof of eligibility to receive the EI benefit. In order to be eligible to receive and retain the Supplementary Benefit, the employee must return to work for a period of at least six continuous months following the approved leave period. If the employee terminates prior to completing the full six months, the Supplementary Benefit must be paid back on a pro-rated basis. Three options are available for receiving parental benefits: shortened, standard or extended. Employees must select their option prior to commencing their leave. (i) For the standard option, the Company will pay an amount equal to the difference between the EI weekly parental benefit and 75% of the employee’s normal weekly salary, for a period up to 35 weeks. This option requires the selection of the standard EI parental benefit. (ii) For the extended option, the Company will pay the equivalent of the amount calculated under the standard option, but spread over the 61 week period. This option requires the selection of the extended EI parental benefit.
Sample 1

Related to Supplementary Benefit to Parental Leave

  • 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.

  • Maternity Adoption and Parental Leave For the purposes of granting Maternity, Adoption and Parental Leave, the provisions of the Canada Labour Code and of its Regulations shall apply.

  • Vacation Leave on Retirement ‌ An employee scheduled to retire and to receive pension benefits under the Public Service Pension Plan Rules or who has reached the mandatory retiring age, shall be granted full vacation entitlement for the final calendar year of service.

  • Parental Leave Allowance ‌ (a) An employee who qualifies for parental leave pursuant to Article 35.03, shall be paid a parental leave allowance in accordance with the Supplemental Employment Benefit (SEB) Plan. In order to receive this allowance, the employee must provide to the Employer proof of application and eligibility to receive employment insurance benefits pursuant to the Employment Insurance Act. An employee disentitled or disqualified from receiving employment insurance benefits is not eligible for parental leave allowance. (b) Pursuant to the Supplemental Employment Benefit (SEB) Plan and subject to leave apportionment pursuant to Article 35.03(b), the parental leave allowance will consist of a maximum of ten (10) weekly payments, equivalent to the difference between the employment insurance gross benefits and any other earnings received by the employee, and seventy-five (75) percent of the employee’s basic pay.

  • Retirement Plans (a) 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 (“Qualified 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, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Sick Leave Benefit Plan The Sick Leave Benefit Plan will provide sick leave days and short term disability days for reasons of personal illness, personal injury, including personal medical appointments and personal dental appointments.

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

  • Executive Benefit Plans The Executive shall be entitled to participate in all plans or programs sponsored by the Company for employees in general, including without limitation, participation in any group health, medical reimbursement, or life insurance plans.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

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