Pension Insurance definition
Examples of Pension Insurance in a sentence
Fund Participation Agreement among Lincoln National Pension Insurance Company, Separate Account E of Lincoln National Pension Insurance Company and American Pathway Fund dated February 18, 1987.
Indemnification Agreement by and between Lincoln National Pension Insurance Company, Lincoln National Pension Variable Annuity Account E and Capital Research and Management Company.
It is clarified that the Employee shall bear any and all taxes, which may apply with respect to any contribution, which exceeds the recognized tax ceilings with respect to the Pension Insurance.
However, it is hereby agreed that if the Employee is dismissed under the circumstances defined in Section 16 and/or Section 17 of the Severance Pay Law or in the event that the Employee withdraws monies from the Pension Insurance in circumstances other than an “Entitling Event”, (i.e., death, disablement or retirement at the age of 60 or over) - the Employee shall not be entitled to any Severance Pay.
If the securities purchased by means of Fund Assets by the Investment Manager are registered securities, such securities shall be registered in name of the Bureau of Labor Funds-National Pension Insurance Fund or the Bureau.
In the event that the Pension Insurance is a Pension Fund: The Company shall contribute 14.833% of the Monthly Salary (of which 8.33% will be towards severance - “Company Contribution”) and the Employee shall contribute 6% of the Monthly Salary payment (“Employee’s Contribution”) toward the premiums payable in respect of such fund (the "Pension Insurance Policy”).
The contribution to the Pension Insurance shall be as follows: (i) the Company shall contribute an amount equal to 6.5% of the Monthly Salary payment for premium payments (the “Company Contribution”) and an additional 8.33% of the Monthly Salary payment for severance payments; and (ii) the Employee shall contribute 6% of the Monthly Salary payment toward the premiums payable in respect of a Pension Insurance.
For clarity’s sake, the abovementioned contributions to the Employee’s Pension Insurance may be changed from time to time according to applicable law.
LNC believes that it is in its best interests to agree to make the words "Lincoln National" available for use by the Fund so long as the Fund has in effect an investment advisory contract with Lincoln National Pension Insurance Company.
The Company and the Employee will obtain and maintain Managers Insurance and/or a comprehensive Pension Fund according to the Employee's choice ("Pension Insurance").