Supplementary Employment Insurance Benefit Plan Sample Clauses

Supplementary Employment Insurance Benefit Plan. An employee who has completed at least twelve (12) months of full- time continuous service and who is entitled to maternity leave under this Article, who provides the Employer with proof that she has applied for and is in receipt of unemployment insurance benefits pursuant to Section 18 of the Employment Insurance Act, shall be paid an allowance in accordance with the Supplementary Unemployment Benefit Plan. Upon receipt by the employer of proof that the employee is in receipt of benefits under the Employment Insurance Act, the employee shall receive from the Employer Supplementary Unemployment Benefits as outlined below:
Sample 1
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Supplementary Employment Insurance Benefit Plan. An employee who has completed at least twelve (12) months of full- time continuous service and who is entitled to maternity leave under this Article, who provides the Employer with proof that she has applied for and is in receipt of unemployment insurance benefits pursuant to Section 18 of the Employment Insurance Act, shall be paid an allowance in accordance with the Supplementary Unemployment Benefit Plan. Upon receipt by the employer of proof that the employee is in receipt of benefits under the Employment Insurance Act, the employee shall receive from the Employer Supplementary Unemployment Benefits as outlined below: (i) up to a maximum of fifteen (15) weeks’ payments equivalent to the difference between the sum of the weekly Unemployment Insurance benefits the employee is in receipt of, and any other earnings received by the employee, and ninety-two percent (92%) of the actual weekly rate of pay for her classification, which she was receiving on the last day worked prior to the commencement of the maternity leave; and (ii) the Supplementary Unemployment Benefit shall be based on the salary the employee was receiving on the last day worked prior to commencement of maternity leave; and (iii) the percentage of ninety-two percent (92%) referred to above is the difference between the actual weekly rate of pay and the percentage of required employee contribution to the OMERS Pension Plan, which may be adjusted in accordance with OMERS Pension Plan provisions. An employee receiving the maternity leave allowance under the Supplementary Unemployment Benefit Plan shall have her benefits coverage continued during the period she receives the maternity leave allowance. Normal employee deductions will be made from employee’s supplementary benefit payment for C.P.P., income tax, dependent life and supplementary life coverage including any other “normal” deductions.‌ An employee has no right to SUB payments except for supplementation of Unemployment Insurance benefits for the unemployment period as specified in the plan. Payments in respect of guaranteed annual remuneration or in respect of deferred remuneration or severance pay benefits will not be reduced or increased by payments received under the plan.
Sample 1
Supplementary Employment Insurance Benefit Plan. The Employer agrees to enter into the Supplementary Employment Insurance Benefit Plan Agreement required by the Employment Insurance Act in respect of such pregnancy payment. When a pregnant employee takes the pregnancy leave to which she is entitled in Article 20.03 (a), the Employer shall pay the employee: (i) Ninety-five percent (95%) of her current salary for the first week of the leave, and (ii) Where the employee is not in receipt of Employment Insurance benefits, ninety-five percent (95%) of her current salary for the second (2nd) week of the leave, or (iii) Where the employee is in receipt of Employment Insurance benefits, the difference between ninety-five percent (95%) of her current salary and the amount of EI benefits received by the employee for one (1) more week, and (iv) Where the employee is in receipt of Employment Insurance benefits, the difference between eighty percent (80%) of her current salary and the amount of EI benefits received by the employee for a further fifteen (15) weeks.
Sample 1
Supplementary Employment Insurance Benefit Plan. An employee who has completed at least twelve (12) months of full- time continuous service and who is entitled to maternity leave under this Article, who provides the Employer with proof that she has applied for and is in receipt of employment insurance benefits pursuant to the Employment Insurance Act, shall be paid an allowance in accordance with the Supplementary Employment Insurance Benefit Plan. Upon receipt by the Employer of proof that the employee is in receipt of benefits under the Employment Insurance Act, the employee shall receive from the Employer Supplementary Employment Insurance Benefits as outlined below: (i) The Supplementary Employment Insurance Benefits will not exceed twenty-five (25%) percent of the employee’s salary as identified below in (ii), and the Employment Insurance benefit combined with the Supplementary Employment Insurance Benefit will not exceed one hundred (100%) percent of the employee’s salary; and, (ii) The Supplementary Employment Insurance Benefit shall be based on the salary the employee was receiving on the last day worked prior to commencement of maternity leave.. An employee receiving the maternity leave allowance under the Supplementary Employment Insurance Benefit Plan shall have her benefits coverage continued during the period she receives the maternity leave allowance. Normal employee deductions will be made from employee’s supplementary benefit payment for C.P.P., income tax, dependent life and supplementary life coverage including any other “normal” deductions.
Sample 1
Supplementary Employment Insurance Benefit Plan. The Employer agrees to enter into the Supplementary Employment Insurance Benefit Plan Agreement required by the Employment Insurance Act in respect of such pregnancy payment. When a pregnant employee takes the pregnancy leave to which she is entitled in Article 20.03 (a), the Employer shall pay the employee: (i) Ninety-five percent (95%) of her current salary for the first two (2) weeks of the leave, and (ii) Where the employee is in receipt of Employment Insurance benefits, the difference between eighty percent (80%) of her current salary and the amount of EI benefits received by the employee for a further fifteen (15) weeks.
Sample 1

Related to Supplementary Employment Insurance Benefit Plan

  • Employment Insurance ‌ Employment insurance coverage will be provided during the life of this agreement for regular and auxiliary employees who would, if employed by a private employer, be eligible for such coverage under the provisions of the Employment Insurance Act.

  • 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.

  • Employment Insurance Rebate The short-term sick leave plan shall be registered with the Employment Insurance Commission (EIC). The nurses' share of the employer's Employment Insurance premium reduction will be retained by the Hospital towards offsetting the cost of the benefit improvements contained in this agreement.

  • Employees; Benefit Plans (a) During the period commencing at the Effective Time and ending on the date which is FIVE (“5”) months from the Effective Time (or if earlier, the date of the employee's termination of employment with Parent and its Subsidiaries), Parent shall cause the Surviving Corporation and each of its Subsidiaries, as applicable, to provide the employees of the Company and its Subsidiaries who remain employed immediately after the Effective Time (collectively, the "Company Continuing Employees") with base salary, target bonus opportunities (excluding equity-based compensation), and employee benefits that are, in the aggregate, no less favorable than the base salary, target bonus opportunities (excluding equity-based compensation), and employee benefits provided by the Company and its Subsidiaries on the date of this Agreement. (b) With respect to any "employee benefit plan" as defined in Section 3(3) of ERISA maintained by Parent or any of its Subsidiaries, excluding both any retiree healthcare plans or programs maintained by Parent or any of its Subsidiaries and any equity compensation arrangements maintained by Parent or any of its Subsidiaries (collectively, "Parent Benefit Plans") in which any Company Continuing Employees will participate effective as of the Effective Time, Parent shall, or shall cause the Surviving Corporation to, recognize all service of the Company Continuing Employees with the Company or any of its Subsidiaries, as the case may be as if such service were with Parent, for vesting and eligibility purposes (but not for (i) purposes of early retirement subsidies under any Parent Benefit Plan that is a defined benefit pension plan or (ii) benefit accrual purposes, except for vacation, if applicable) in any Parent Benefit Plan in which such Company Continuing Employees may be eligible to participate after the Effective Time; (iii) Continuing Company shall honor all consulting or advisory agreement previously entered into, or employment pending equity awards stock options or warrants to purchase equity based upon performance. provided, that such service shall not be recognized to the extent that (A) such recognition would result in a duplication of benefits or (B) such service was not recognized under the corresponding Company Employee Plan. (c) This Section 5.07 shall be binding upon and inure solely to the benefit of each of the parties to this Agreement, and nothing in this Section 5.07, express or implied, shall confer upon any other Person any rights or remedies of any nature whatsoever under or by reason of this Section 5.07. Nothing contained herein, express or implied (i) shall be construed to establish, amend or modify any benefit plan, program, agreement or arrangement or (ii) shall alter or limit the ability of the Surviving Corporation, Parent or any of their respective Affiliates to amend, modify or terminate any benefit plan, program, agreement or arrangement at any time assumed, established, sponsored or maintained by any of them. The parties hereto acknowledge and agree that the terms set forth in this Section 5.07 shall not create any right in any Company Employee or any other Person to any continued employment with the Surviving Corporation, Parent or any of their respective Subsidiaries or compensation or benefits of any nature or kind whatsoever. (d) With respect to matters described in this Section 5.07, the Company will not send any written notices or other written communication materials to Company Employees without the prior written consent of Parent.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • 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.

  • Compensation and Benefit Plans During the period from the date of this Agreement and continuing until the Effective Time, XM agrees as to itself and its Subsidiaries that, except as set forth in Section 4.1(k) of the XM Disclosure Schedule, it will not: (i) other than in the ordinary course of business consistent with past practice, enter into, adopt, amend (except for such amendments as may be required by law) or terminate any XM Benefit Plan, (ii) except as required by any XM Benefit Plan as in effect as of the date hereof and except for normal payments, awards and increases in the ordinary course of business consistent with past practice, increase in any manner the compensation or fringe benefits of any director, officer, employee, independent contractor or consultant or pay any benefit not required by any XM Benefit Plan as in effect as of the date hereof or enter into any contract, agreement, commitment or arrangement to do any of the foregoing, (iii) enter into or renew any contract, agreement, commitment or arrangement (other than a renewal occurring in accordance with the terms of an XM Benefit Plan) providing for the payment to any director, officer, employee, independent contractor or consultant of compensation or benefits contingent, or the terms of which are materially altered, upon the occurrence of any of the transactions contemplated by this Agreement, or (iv) provide, with respect to the grant of any stock option, restricted stock, restricted stock unit or other equity-related award on or after the date hereof to the extent permitted by Section 4.1(c), that the vesting of any such stock option, restricted stock, restricted stock unit or other equity-related award shall accelerate or otherwise be affected by the occurrence of any of the transactions contemplated by this Agreement.

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Security or its subsidiaries, or grant any salary or wage increase or increase any employee benefit, (including incentive or bonus payments) except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, or (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions. B. Faculty members will be eligible to purchase the following supplemental coverage: 1. additional amounts of group term life insurance at a level of between one and three (3) times the Faculty member’s annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 2. group term life insurance for spouses and domestic partners at a level of between one (1) and three (3) times annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 3. group term life insurance for eligible dependent children at a level of $10,000.

  • Employee Benefit Plans and Compensation (a) For purposes of this Section 2.22, the following terms shall have the meanings set forth below:

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