Supplementary Plan Sample Clauses

Supplementary Plan. The following language will be included in the supplementary plan: “Society members of the OPG Pension Plan, whose pension income as a pensioner will exceed the limits prescribed by the Income Tax Act (ITA) for pension paid from a registered pension plan, are eligible for the Supplementary Payment Schedule (SPS). The SPS tops up the amount one receives from the OPG registered pension plan to the amount one would receive if there were no ITA limits.”
Sample 1Sample 2Sample 3See All (21)
AutoNDA by SimpleDocs
Supplementary Plan. Pension Benefits, based on the benefit formula regardless of the maximum imposed by the Income Tax Act or regulations thereto, are to continue to be paid as supplementary pension benefits to the extent that those benefits exceed the aforementioned income tax maximums.
Sample 1Sample 2Sample 3See All (5)
Supplementary Plan. That an immediate provision of a supplementary pension payable in full at sixty-five (65) years of age, be implemented to provide that the total pension payable from the OMERS and any former pension plan is equal to two (2%) percent of the employee's highest average sixty
Sample 1Sample 2Sample 3See All (5)
Supplementary Plan. The following language will be included in the supplementary plan: “Society members of the Kinectrics Pension Plan, whose pension income as a pensioner will exceed the limits prescribed by the Income Tax Act (ITA) for pension paid from a registered pension plan, are eligible for the supplementary pension payment. The supplementary pension payments top up the amount one receives from the Kinectrics registered pension plan to the amount one would receive if there were no ITA limits.”
Sample 1Sample 2Sample 3See All (4)
Supplementary Plan. Employees with twenty-five (25) years or more of continuous service shall receive the following additional vacation in the calendar year in which they attain: Age 58 - additional one (1) week Age 59 - additional two (2) weeks Age 60 - additional three (3) weeks Age 61 - additional four (4) weeks Age 62 - additional five (5) weeks Age 63 - additional five (5) weeks Age 64 - additional five (5) weeks Age 65 - additional five (5) weeks This clause will cease to apply to any Full-Time Employee hired after the date of ratification Dec 7th, 2020.
Sample 1
Supplementary Plan. Employees with twenty-five years or more of continuous service shall receive the following additional vacation in the calendar year in which they attain: Age Additional one week’s vacation Age Additional two weeks’ vacation Age Additional three weeks’ vacation Age Additional four weeks’ vacation Age Additional five weeks’ vacation three, four, five and/or six weeks are taken at one time they must be taken within the period from September to June Vacations taken during the summer months, June to September will be limited to two weeks, with the third, fourth, and/or sixth weeks to be taken in the period September to June as agreed between the employee and the Necessities of operation must be given full consideration. Each week of vacation pay will be calculated at earnings in the previous calendar year, or forty hours’ pay at the employee’s . regular rate, whichever is the greater. An employee shall receive an additional four regular rate for each week of vacation entitlement taken during the period January 1 to April The Unions agree to cooperate with Management in scheduling vacations in such a manner that maximum production may be maintained. Vacations with pay are intended to enable each employee to enjoy a respite from routine duty with no financial worry to distract from their benefits. Vacations are in no way considered a bonus. The privilege of taking vacations must be confined to permanent employees employed upon standard payroll positions, In drawing up the vacation schedule, the management will endeavour to meet the wishes of the individual employee. It must be understood, however, that the necessities of operation must be given full consideration. In cases where vacation periods requested conflict, preference will be given to the older employees in point of service and within departments. Working on long shifts while men are away on vacation is to be avoided whenever possible. Not later than February of each year, each employee entitled or expected to become entitled to have vacation time off in that vacation year, will be requested to specify in writing, on a form provided by the Company, the vacation period he desires. These forms must be completed and returned to the employee’s xxxxxxx no later than March of each year. Taking vacations is to be compulsory. Vacations cannot be accumulated but must be taken in the year when they are due.
Sample 1
Supplementary Plan. Employees with twenty-five (25) years or more of continuous service shall receive the following additional vacation in the calendar year in which they attain: Age 60 - Additional one weeks’ vacation Age 61 - Additional two weeks' vacation Age 62 - Additional three weeks' vacation Age 63 - Additional four weeks' vacation Age 64 - Additional five weeks' vacation (a) If three, four, five and/or six weeks are taken at one time they must be taken within the period from September 15th to June 15th. (b) Vacations taken during the summer months, June 16th to September 14th, will be limited to two (2) weeks, with the third, forth, fifth and/or sixth weeks to be taken in the period September 15th to June 15th as agreed between the employee and the Company. (c) During the period of September 15th to June 15th the number of consecutive weeks of vacation that an employee may take shall be limited to four (4). (d) Necessities of operation must be given full consideration. Every effort will be made to maintain existing vacation schedules. (a) Each week of vacation pay will be calculated at 2.4% of gross earnings in the previous calender year, or forty (40) hours’ pay at the employee’s regular rate, whichever is greater. (b) An employee shall receive an additional four (4) hours' pay at his regular rate for each week of vacation entitlement taken during the period January 1 to April 30. (a) The Union agrees to cooperate with Management in scheduling vacations in such a manner that maximum production may be maintained. (b) Vacations will be booked in the department in which the employee holds a posted spare. (c) Unposted employees and employees holding a posted spare position will take their vacation entitlement by calendar week. However where permitted by operational needs such emplo yees will continue in their present schedule through their vacation period.
Sample 1
AutoNDA by SimpleDocs
Supplementary Plan. The following language will be included in the supplementary plan: “Society members of the Bruce Power Pension Plan, whose pension income as a pensioner will exceed the limits prescribed by the Income Tax Act (ITA) for pension paid from a registered pension plan, are eligible for the Supplementary Payment Schedule (SPS). The SPS tops up the amount one receives from the Bruce Power registered pension plan to the amount one would receive if there were no ITA limits.”
Sample 1
Supplementary Plan. Employees with twenty-five (25) years or more of continuous service shall receive the following additional vacation in the calendar year in which they attain: Age 60 Additional one (1) week vacation Age 61 Additional two (2) weeks’ vacation Age 62 Additional three (3) weeks’ vacation Age 63 Additional four (4) weeks’ vacation Age 64 Additional five (5) weeks’ vacation (a) There will be three (3) Prime Time periods for holidays: i. First Sunday of June to the second Saturday of September; ii. Moose Hunting Season (rifle for zones 24, 27 and 30); iii. Week of December 25th and week of January 1st floaters and holidays from the current year will apply for the January 1st week. (b) The senior employee will have choice of two (2) out of three (3) Prime Time periods. (c) Power Generation Station seniority applies for booking of floaters and vacations up to and including March 31st.
Sample 1

Related to Supplementary Plan

  • Implementation Plan The Authority shall cause to be prepared an Implementation Plan meeting the requirements of Public Utilities Code Section 366.2 and any applicable Public Utilities Commission regulations as soon after the Effective Date as reasonably practicable. The Implementation Plan shall not be filed with the Public Utilities Commission until it is approved by the Board in the manner provided by Section 4.9.

  • Training Plan 19.6.1 An apprentice shall be a party to an individual Training Plan. 19.6.2 The Training Plan sets out the training that the apprentice will do both on – the – job and off – the – job. The Training Plan also sets out how the Registered Training Organisation (RTO) will ensure the apprentice will receive quality training – both on – the – job and off – the – job. 19.6.3 The Training Plan reflects the choices made by the employer and the apprentice in relation to:-

  • Annual Plan On or before November 1 of each calendar year during the Term, Manager shall prepare and submit to Owner for its approval a proposed annual plan for the promotion, operation, leasing, repair and maintenance of the Project for each calendar year (the "Proposed Annual Plan"). For purposes of this Agreement, a "Fiscal Year" shall mean a calendar year beginning on the first day of January and ending on the last day of December. The Annual Plan for the remaining portion of Fiscal Year 2003 is attached hereto as Exhibit "A".

  • Safety Plan Developer’s safety plan specifically adapted for the Project. Developer's Safety Plan shall comply with all provisions regarding Project safety, including all applicable provisions in these Construction Provisions.

  • Meal Plan 18. Residents are required to purchase a meal plan for both semesters. Refer to xxx.xxxxxxxx.xx/xxxx for details on meal plan rates. Residents may contract for a meal plan of a higher value than stipulated in the fee schedule. 19. The meal plan may only be used to purchase food and beverages at Food Service outlets designated by the University. Meal plans cannot be used to purchase alcohol or gift certificates from any of our Off Campus Partners or to pay any other fees owed to the University of Windsor. 20. Selling of unused meal plan money is not permitted. 21. The University accepts no liability for lost, misplaced or stolen student cards and reserves the right to confiscate without recourse, any student card which bears evidence of alterations. 22. Any unused balance remaining in the meal plan accounts of the Resident on the termination date of this Agreement, will be subject to the University of Windsor Meal Plan Carry-Forward Policy. 23. Residents may add money to their meal plan at the Food Services office, J01 in Vanier Hall or the UwinCard Office in the CAW Student Centre (lower level). 24. The meal plan account is HST exempt on most purchases made at Food Service outlets on campus, except on taxable items at the Bru in Alumni Hall or with our Off Campus Partners. This is a current meal plan tax policy and is subject to change in accordance with provincial or federal legislation. 25. Meal plan fees or hours of operation are subject to change as deemed necessary or when due to circumstances beyond Food Services' control. The University reserves the right to increase or otherwise change the prices of items available for purchase in its Food Service outlets. Residents will be given reasonable notice of changes to the plan and such changes will be made fairly and in due consultation with student representatives.

  • Staffing Plan The Board and the Association agree that optimum class size is an important aspect of the effective educational program. The Polk County School Staffing Plan shall be constructed each year according to the procedures set forth in Board Policy and, upon adoption, shall become Board Policy.

  • Prescription Plan The PPO plan will include a comprehensive prescription 29 program:

  • Compensation Plan 1. Subject to any applicable regulation and the Company's/its contractor approval, the applicant shall choose a Compensation Plan on the Affiliate Participation Form. An Affiliate may not change the elected Compensation Plan. 2. The Company/its contractor may change an Affiliate's Compensation Plan, at any time and at its sole and absolute discretion, by sending such Affiliate a notice to such effect by e-mail. In the event Affiliate does not agree to such change, it shall notify the Company by return e-mail within three (3) days of receiving such notice from the Company, and the Agreement shall terminate immediately. In the event Affiliate does not notify the Company within three (3) days from the notice, it shall be deemed as an approval by the Affiliate to such change in the Compensation Plan. It is hereby clarified that Affiliate will continue to receive payment with respect to Traders identified by a Tracker ID prior to the date of any such change in the Compensation Plan, in accordance with the applicable Compensation Plan at the date such Traders registered to the Site(s).

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Compensation Program Amendments Each of the Company’s compensation, bonus, incentive and other benefit plans, arrangements and agreements (including golden parachute, severance and employment agreements) (collectively, “Benefit Plans”) with respect to you is hereby amended to the extent necessary to give effect to provisions (1) and (2). For reference, certain affected Benefit Plans are set forth in Appendix A to this letter. In addition, the Company is required to review its Benefit Plans to ensure that they do not encourage senior executive officers to take unnecessary and excessive risks that threaten the value of the Company. To the extent any such review requires revisions to any Benefit Plan with respect to you, you and the Company agree to negotiate such changes promptly and in good faith.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!