PERS Contract definition

PERS Contract means the contract, as amended from time to time, entered into by the Borrower and PERS pursuant to the Retirement Law obligating the Borrower to make contributions to PERS in exchange for PERS providing retirement benefits to certain Borrower employees.
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PERS Contract has the meaning assigned that term in the Recitals to this Trust Agreement.
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PERS Contract means the contract dated April 5, 1960, between the Local Agency and the System, as heretofore and hereafter amended from time to time.
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Examples of PERS Contract in a sentence

  • The County will work with CalPERS to process a PERS Contract Amendment, which would credit this additional contribution towards the employee’s account.

  • From time to time, the City may enter into (i) one or more other trust agreements or indentures and/or (ii) one or more agreements supplementing and/or amending this Trust Agreement, for the purpose of providing for the issuance of Additional Bonds to refund the Bonds or to refund all or any portion of any Unfunded Liability under the PERS Contract arising subsequent to the issuance of the Bonds or any other obligations due to PERS.

  • The City participates in two retirement plans (with tiers within such plans) under the PERS Contract.

  • Full-time and Part-time employees of the District shall continue as members of the District’s current California Public Employees Retirement System (PERS) Contract to provide for 2% at 55 Supplemental or Modified Formula for Local Miscellaneous Members.

  • The City may exempt temporary employees from the PERS Contract and add a PERS payroll code to simplify payroll.

  • For all represented employees on the 3@50 pension formula, the City agrees to provide the employee retirement benefits based on the highest single year (12 highest paid consecutive months) per PERS Contract Section 20024.2.

  • ADOPTED(Amendment to PERS Contract: School Police Officers and Other Safety Members) IX.

  • The Bonds may be issued by the City under the terms of this Trust Agreement only to refund the PERS Contract and to pay the Costs of Issuance in connection with the issuance of the Bonds.

  • Bonds may be issued by the City under the terms of this Trust Agreement only to refund the City’s Unfunded Liability under the PERS Contract and the Retirement Law, to fund the City’s current liability with respect to pension benefits for Fiscal Year 2020-21 under the PERS Contract and the Retirement Law and to pay the Costs of Issuance in connection with the issuance of the Bonds.

  • M/S/C Ms. Tobin moved, with a second by Mr. Schubert, to approve the Resolution of Intention to Amend the SGA PERS Contract to Include Social Security Coverage.


More Definitions of PERS Contract

PERS Contract means the contract, as amended from time to time, entered into by the City and PERS pursuant to the Retirement Law obligating the City to make contributions to PERS in exchange for PERS providing retirement benefits to certain City employees.
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Related to PERS Contract

  • Project Contract means any contract between the District or the Corporation and any contractor or vendor regarding the construction, production or other acquisition or installation of any part of an Acquisition Project.

  • works contract means a contract for building, construction, fabrication, completion, erection, installation, fitting out, improvement, modification, repair, maintenance, renovation, alteration or commissioning of any immovable property wherein transfer of property in goods (whether as goods or in some other form) is involved in the execution of such contract;

  • Project Contracts means collectively this Agreement, the Land Lease Agreement, the Construction Contract, O&M Contracts (if any) and any other material contract (other than the Financing Documents) entered into or may hereafter be entered into by the Concessionaire in connection with the Project;

  • Assigned Contract has the meaning set forth in Section 2.2.

  • Seller Contract any Contract (a) under which Seller has or may acquire any rights or benefits; (b) under which Seller has or may become subject to any obligation or liability; or (c) by which Seller or any of the assets owned or used by Seller is or may become bound.

  • Service Contracts means contracts or agreements, such as maintenance, supply, service or utility contracts.

  • Assumed Contract means any Executory Contract or Unexpired Lease assumed by the Reorganized Debtors in accordance with Article V of the Plan.

  • New Contracts means binding new agreements or amendments to existing agreements with customers.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Specified Contract means any of the following Contracts (together with all exhibits and schedules thereto) to which the Company or any Subsidiary is a party:

  • Executory Contract means a contract to which one or more of the Debtors is a party that is subject to assumption or rejection under sections 365 or 1123 of the Bankruptcy Code.

  • Customer Contracts means any and all Contracts with customers of the Company, including professional services agreements, supply agreements, service agreements, license agreements, maintenance and development agreements and consulting agreements.

  • Executory Contracts means executory contracts and unexpired leases as such terms are used in 11 U.S.C. § 365, including all operating leases, capital leases, and contracts to which the Debtor is a party or beneficiary on the Confirmation Date.

  • Customer Contract means any contract or other agreement for the delivery of goods or performance of services by the Company or any of its Subsidiaries.

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • Assigned Contracts has the meaning set forth in Section 2.01(c).

  • Specified Contracts has the meaning set forth in Section 4.13(a).

  • Seller Contracts means all contracts or agreements to which Seller is a party or to which any of its material assets are bound.

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Services Contract means an agreement for the provision of Services entered into with a Provider by one or more of the Partners in accordance with the relevant Individual Scheme. Service Users means those individual for whom the Partners have a responsibility to commission the Services. SOSH means the Secretary of State for Health.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • Service Contract means, with respect to a Financed Vehicle, the agreement, if any, financed under the related Receivable that provides for the repair of such Financed Vehicle.

  • Scheduled Contracts has the meaning set forth in Section 4.16.

  • Assumed Contracts has the meaning set forth in Section 2.1(d).

  • Architect’s Contract means Lessee's contract with the Project Architect.

  • Business Contracts has the meaning ascribed to it in Section 1.01(a)(v).

Most Referenced Clauses

Most Referenced Definitions