Pension Plan Benefits definition
Examples of Pension Plan Benefits in a sentence
In lieu of Annual Vacation, Reduced Work Week Leave (RWWL), Paid Holidays, Sick Leave and Health and Welfare, (excluding Pension Plan Benefits), Casual Employees shall be paid 17.58% of gross earnings on a bi-weekly basis.
A member with less than twenty-five (25) years of Westshore service shall receive a prorated benefit based on the equivalent Old Age Security and Canada Pension Plan Benefits, divided by twenty-five, and multiplied by the number of years of Westshore service.
A one time payment in 2014 and 2015 shall be paid from the CUPE Pension Plan surplus to provide for a minimum annual CUPE Pension Plan Benefit of $15,000 to retirees whose annual CUPE Pension Plan Benefits are less than $15,000.
The Enhanced Pension Plan Benefits shall be determined without regard to any termination or amendment (including any amendment affecting actuarial factors) of such plan or of any other plan, which is adopted on or after a Change in Control or in contemplation of a Change in Control and shall be paid in accordance with the terms of that plan and the Executive’s elections under that plan.
A one time payment in 2010, 2011, 2012 and 2013 shall be paid from the CUPE Pension Plan surplus to provide for a minimum annual CUPE Pension Plan Benefit of $15,000 to retirees whose annual CUPE Pension Plan Benefits are less than $15,000.
The Company shall print the Pension Plan Benefits and distribute copies to all employees.
Medford acknowledges and agrees that his receipt of the Non-Qualified Pension Plan Benefits, are subject to his compliance with the non-compete provisions of The ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇▇ Company Supplemental Retirement Plan effective October 1, 1978, as amended and restated, as such plan has been combined with the Officer's Salary Continuation Plan on October 1, 2002 (collectively, the "Plan").
Executive and the Company agree to execute any documents required to provide for Executive’s forfeiture of the Pension Plan Benefits in the event Executive fails to comply with the non-competition requirements under Sections 7(b)(i) and 7(b)(ii) of this Agreement.
For purposes of this Appendix, the term "Pension Plan Benefits" generally means the benefits actually payable to a Participant, spouse, beneficiary or contingent annuitant under a Pension Plan.
With regard to that portion of the Severance Benefits listed on Exhibit A which are lump sum payments listed under the heading, "Non-Qualified Pension Plan Benefits" (including Part I, Part II and Part III thereof) (collectively, the "Non-Qualified Pension Plan Benefits") and Item 3 on page 2 of Exhibit A, however, such lump sum payments shall be made by ▇▇▇▇▇▇▇▇ to Medford on December 1, 2005, OR SUCH LATER DATE AS REASONABLY REQUESTED BY MEDFORD IN ORDER TO COMPLY WITH APPLICABLE LAWS.