The Pension Sample Clauses

The Pension. The Parties agree to continue the University Pension Plan, in effect and as revised and restated on January or as the same may be amended by the Board from time to time during the term of this Any amendment to the Plan during the term of this Agreement shall be subject to the agreement of the Association. For the of any dispute arising under Article the terms and conditions of the Pension Plan shall be described in the copy of the Plan filed with the Pension Commission. All full-time employees of the University eligible to become enrolled the Pension Plan on the first day of the month coinciding with or following their first day of employment with the University. Full-time employees who ate of age more are automatically Fall-timeemployeesunder years of age may postpone age at which time enrolment becomes automatic. Date: The Normal Retirement Date for a member of the Pension Plan shall be the first day of the month coincident with or next following the Member’s 65th birthday. A Member opt to defer retirement up to the first day of July next following the birthday. During period of deferment, the Member will continue to make contributions to the Pension Plan and, by so doing, will receive University contributions and additional pensionable service for the worked. Pension benefits are paid monthly commencing on the of the month following Postponed Date: With the consent of the University, a Member may postpone retirement on a year-to-year basis after the Normal Retirement Date (“Postponed Retirement Date”). Retirement may not be postponed beyond years fol- lowing the No d Retirement Date. Should retirement be postponed by mutual consent beyond the Retirement Date, the will be required to either:
Sample 1
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The Pension. Trust Fund shall provide for an equal number of Employer and Union Trustees. It is further agreed that the Pension Plan adopted by the Trustees of said Pension Trust Fund shall be such as will qualify for approval by the Internal Revenue Service of the United States Treasury Department, so as to enable the Employer to treat contributions to the Pension Fund as a business deduction for income tax purposes. It is also further agreed that the Pension Trust Agreement and Declaration of Trust and Plan shall be written in conformance with all applicable federal and state laws, so as to be eligible for tax exempt status under the rules and regulations of such Internal Revenue Service.
Sample 1
The Pension. Benefit Guaranty Corporation has not instituted proceedings to terminate any Benefit Plan that is subject to Section 412 of the Internal Revenue Code of 1986, as amended (the "Code"), or Section 302 or Title IV of ERISA (a "Title IV Plan") and no condition exists that presents a material risk that such proceedings will be instituted. To Seller's knowledge, the actuarial calculations provided to the Buyer with respect to each such Benefit Plan are based on correct and complete employee and former employee data.
Sample 1

Related to The 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.

  • 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.

  • 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.

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

  • 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.

  • Retirement and Welfare Benefits During the Term, the Executive shall be eligible to participate in the Company’s health, life insurance, long-term disability, retirement and welfare benefit plans, and programs available to similarly-situated employees of the Company, pursuant to their respective terms and conditions. Nothing in this Agreement shall preclude the Company or any Affiliate (as defined below) of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

  • 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.

  • Retirement and Welfare Plans Executive shall participate in employee retirement and welfare benefit plans made available to the Company’s senior level executives as a group or to its employees generally, as such retirement and welfare plans may be in effect from time to time and subject to the eligibility requirements of the plans. Nothing in this Agreement shall prevent the Company from amending or terminating any retirement, welfare or other employee benefit plans or programs from time to time as the Company deems appropriate.

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