Time and Duration of Payments Under the Plan Sample Clauses

Time and Duration of Payments Under the Plan. Benefits under the Plan shall be paid on each Payment Date, provided the Participant is alive on such Payment Date, beginning with the Payment Date immediately following the date a Participant reaches Retirement Age and shall continue until the Participant's Retirement Account Balance equals zero (0). In no event shall any benefits be paid under the Plan after the death of a Participant other than benefits due and payable under the Plan at the time of the death of the Participant. Notwithstanding any other provision of this Plan to the contrary, the Compensation Committee may, in its sole discretion by majority approval of its members, direct that payments be made before such payments are otherwise due if, for any reason (including, but not limited to, a change in the tax or revenue laws of the United States of America, a published ruling or similar announcement issued by the Internal Revenue Service, a regulation issued by the Secretary of the Treasury or his delegate, or a decision by a court of competent jurisdiction involving a Participant or beneficiary) it believes that a Participant or beneficiary has recognized or will recognize and will be required to pay federal income taxes in respect of amounts that are or will be payable to him or her under the Plan before they are paid. In making this determination, the Compensation Committee shall take into account the hardship that would be imposed on the Participant or beneficiary by the payment of federal income taxes under such circumstances.
Sample 1
AutoNDA by SimpleDocs

Related to Time and Duration of Payments Under the Plan

  • Entry into force and duration of the agreement 1. Each Contracting Party shall notify the other Contracting Party of the completion of internal procedures necessary for the entry into force of this Agreement. This Agreement shall enter into force on the date of the last of the two notifications.

  • For Awardees Added During On Ramp Competitions 1800 OPTION CLIN (service) Noun: NETCENTS-2 POST AWARD CONFERENCE PSC: D316 Descriptive Data:

  • EFFECTIVE DATE AND DURATION OF AGREEMENT Subject to ratification by the parties: This Agreement shall be effective from the 1st day of January, 2020 November, 2015 and shall be valid until the 31st day of December, 2024, and thereafter from year to year unless a written notice is given by either party within the period of four months immediately preceding the date of expiration of the term of the Collective Agreement, of their desire to terminate this Agreement or negotiate a revision thereof, in which case this Agreement shall remain in effect without prejudice to any retroactive clause of a new Agreement until negotiations for revision or amendments hereto have been concluded and a new Agreement superseding this Agreement has been duly executed. The amendments to the Collective Agreement, unless otherwise agreed, are effective upon the date of ratification by the parties. SCHEDULE A Employees shall be paid in the following salary ranges according to the salary grade. An employee’s pay level within the range for the employee’s salary grade will be determined based on the employee’s demonstrated performance. The parties recognize the salary ranges and the salary paid to individual employees are minimums. In the event of job reclassification, employees will be moved into the appropriate salary grade and be paid in accordance with the corresponding salary range. In cases where employees are being paid a wage/salary below that of the new salary range, they shall be brought up to the minimum of the new salary range. In cases where employees are being paid a wage/salary above that of the new salary range, their salary shall be red circled until such time as their wage/salary is within the salary range, however, they will be provided with a lump sum payment in lieu of their annual wage/salary increase. Those employees who have been trained pursuant to the Company’s “Train the Trainer” Program, shall receive an additional one hundred dollars ($100.00) per day, when facilitating scheduled Divisional Operational Training. The Company reserves the right to implement employee retention programs, share purchase programs, incentive plans and market supplement programs in its sole and absolute discretion. Salary Grades and Ranges Grad e Minimum Annual Mid-Annual Maximum Annual 1 $36,192 $51,607 $67,022 2 $41,682 $59,414 $77,145 3 $48,341 $68,968 $89,595 4 $56,156 $80,042 $103,927 5 $68,791 $98,115 $127,439 Job Positions In-Scope: Job Title Le Area Administrator, Retail Credit Canada 1 Regina Office Clerk Seed Plant/Lab 1 Country Ops Customer Service Representative 1 Country Ops Operations Support 1 Country Ops Technician I 1 Country Ops Warehouse Worker 1 Country Ops Seed Analyst II 2 Country Ops Technician II 2 Country Ops Agronomist 3 Country Ops Crop Production Advisor Trainee 3 Country Ops Operations Lead 3 Country Ops Technician III 3 Country Ops Assistant Manager 4 Country Ops Crop Production Advisor 4 Country Ops Seed Quality Assurance Coordinator Advisor, Canada Seed Regulatory 4 Country Ops Branch Manager 5 Country Ops Leasing Administrator 1 Regina Office Collections Coordinator 3 Regina Office Credit Analyst /Trainer 3 Regina Office The following adjustments will be made to compensation:

  • COMMENCEMENT AND DURATION OF AGREEMENT 9. This Agreement shall commence on the [insert date] and shall remain in force for [2] years (“Initial Contract Period”).

  • Actions under the Program The actions taken by the Recipient under the Program include the following:

  • ENTRY INTO FORCE AND DURATION OF MOBILITY 2.1 The agreement shall enter into force on the date when the last of the two parties signs.

  • Continuation of Optional Coverages During Unpaid Leave or Layoff An employee who takes an unpaid leave of absence or who is laid off may discontinue premium payments on optional policies during the period of leave or layoff. If the employee returns within one (1) year, the employee shall be permitted to pick up all optionals held prior to the leave or layoff. For purposes of reinstating such optional coverages, the following limitations shall be applicable. For the first twenty-four (24) months of long-term disability coverage after such a period of leave or layoff during which long-term disability coverage was discontinued, any such disability coverage shall exclude coverage for pre-existing conditions. For disability purposes, a pre-existing condition is defined as any disability which is caused by, or results from, any injury, sickness or pregnancy which occurred, was diagnosed, or for which medical care was received during the period of leave or layoff. In addition, any pre-existing condition limitations that would have been in effect under the policy but for the discontinuance of coverage shall continue to apply as provided in the policy. The limitations set forth above do not apply to leaves that qualify under the Family Medical Leave Act (FMLA).

  • TERM AND DURATION 4.1 The Company shall commence upon the filing of the Certificate of Formation, and shall continue in full force and effect until May 1, 2024, provided, however, that the Company shall be dissolved prior to such date upon the happening of any of the following events:

  • Area, Incidence and Duration (a) This agreement applies to all employees of the employer, whether employed on a permanent, casual, part-time, temporary or fixed-term basis, performing work that falls within the coverage of the awards specified in clause 2 of this agreement, within the state of New South Wales.

  • Entry into force and duration 1. This Agreement shall enter into force one month after the date of exchange of the instruments of ratification by the Contracting Parties. The Agreement shall remain in force for a period of ten years. Unless notice of termination is given by either Contracting Party at least six months before the expiry of its period of validity, this Agreement shall be tacitly extended each time for a further period of ten years, it being understood that each Contracting Party reserves the right to terminate the Agreement by notification given at least six months before the date of expiry of the current period of validity.

Time is Money Join Law Insider Premium to draft better contracts faster.