Withdrawal of Participating Employer Sample Clauses

Withdrawal of Participating Employer. No Participating Employer has the right to withdraw in whole or in part from participation in the Trust except on such terms as may be prescribed by the Trustees, which terms shall be in compliance with the Central Collective Agreement.‌
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Withdrawal of Participating Employer. No Participating Employer has the right to withdraw in whole or in part from participation in the Trust except on such terms as may be prescribed by the Trustees, provided that, if the Participating Employer is a School Board, such terms of withdrawal in respect of Participants and Retired Employees covered by the Memorandum of Settlement for PVPs shall comply with the Memorandum of Settlement for PVPs. The Trustees shall have no liability to pay any claims for Benefits incurred by Participants or Retired Employees, as applicable, employed or formerly employed by the withdrawing Participating Employer, after the termination date.
Sample 1Sample 2
Withdrawal of Participating Employer. If a Participating Employer has‌ determined to withdraw from its participation in the Plan and cease its obligations to make contributions to the Trust, such Participating Employer must comply fully with C.R.S. Section 24-54-106(2), as amended, as well as the Association’s Withdrawal Procedures, which are incorporated herein by reference. The Participating Employer shall initiate withdrawal from the Association by filing with the Governing Board a resolution adopted by the Participating Employer (and approved by no less than sixty-five percent (65%) of the Participating Employer’s active members who are Plan Participants at the time of the election) no less than ninety (90) days prior to the effective date of the withdrawal, unless a shorter period is approved by the Governing Board. Withdrawal shall then proceed as provided for in C.R.S. Section 24-54-106(2), as amended, and in accordance with the Association’s Withdrawal Procedures.
Sample 1
Withdrawal of Participating Employer 
Sample 1

Related to Withdrawal of Participating Employer

  • Participating Employers As of the Effective Date, the following Participating Employer(s) are parties to the Plan:

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Related Employers If any member of the Employer's related group (as defined in Section 1.30 of the Plan) executes a Participation Agreement to this Adoption Agreement, such member's Employees are eligible to participate in this Plan, unless excluded by reason of an exclusion classification elected under this Adoption Agreement Section

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

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