Pay Benefits definition
Examples of Pay Benefits in a sentence
The present value of the future Retirement Severance Pay Benefits and Early Retirement Program Plan benefits will be reduced by the Social Security and Medicare taxes (FICA) that would have been payable if the Severance Benefits and Retirement Bridge had been paid directly to the employee.
The ISTA Financial Services Corporation has been selected to determine the present value of the unfunded Retirement Severance Pay Benefits and the Early Retirement Program benefits described in the Prior Agreement.
The purpose of this Agreement is to provide Executive with "Special Severance Pay Benefits" in the event of, or following, a Change In Control.
Bereavement Pay Benefits in an amount equivalent to the subsistence rate in effect at the work location on the date that the death occurred shall be paid to an employee for up to three (3) days of lost work incurred as a result of the employee’s attendance at a funeral or memorial service upon the death of an employee’s Spouse, Child, Parent, Parent-in-Law, Grandparent or Sibling.
The Educational Services Corporation has been selected to determine the present value of the unfunded Retirement Severance Pay Benefits and the Social Security and Medicare Bridge Benefits described in the Prior Agreement.
The purpose of this Agreement is to provide Executive with Special Severance Pay Benefits in the event of certain terminations of Executive's employment in connection with a Change in Control, as such terms are defined in this Agreement.
The maximum benefit is inclusive of any benefits paid under any pension plan, insurance plan, W.S.I.B., or any other plan to which the Board makes any contributions, such Long Term Disability Benefit to be payable after 6 continuous months (excluding lay-off) absence from scheduled work on account of illness or injury; provided that no member shall be eligible for Long Term Disability plan payments so long as he/she is in receipt of Sick Pay Benefits from the Service.
For the certified employees hired after July 1, 2001, the 401(a) Plan will replace the current Total Retirement Pay Benefits section.
Any previous contract or agreement between the Bluffton-▇▇▇▇▇▇▇▇ Metropolitan School District and the Bluffton-▇▇▇▇▇▇▇▇ Teachers Association with respect to Retirement Pay Benefits will be considered null and void following the ratification of this agreement.
This will also provide ample time to calculate Retirement Pay Benefits and to include those eligible benefits in a final paycheck.