Benefits Accrued Sample Clauses

Benefits Accrued. When an employee is on paid sick leave all benefits of the Agreement shall continue to accrue.
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Benefits Accrued. When an employee is on paid sick leave all benefits of the Agreement shall continue to accrue. Expiration of Credits The Employer may approve an advance of leave credits for an employee for up to fifteen (15) days where the employee has not accumulated enough leave credits for the leave requires. In determining whether to grant an advance of leave credits, the Employer shall consider the length of service of the employee and the Employer's capacity to secure reimbursement from the employee. leave credits or, where the employee's service is terminated before the advance is repaid, by deduction from compensation otherwise owed to the employee. Where employment is terminated by death, the employee is deemed to have earned the amount of any leave with pay advanced to Enforceable Legal Claims If an employee has received sick leave with pay and has a legally enforceable claim to compensation or damages for earnings lost during the said period from any third party other than the employee's own insurer under a contract of insurance, the employee shall at the request and expense of the Employer, take all steps reasonably necessary to enforce the said claim. If the employee receives any payment on account of earnings as a result of such claim, the employee shall pay to the Employer so much of the sick payment as relates to the sick leave pay received for the said period and upon so doing, shall receive sick leave credit for the number of days represented by such payment. The employee shall have the option of declining to enforce any legal claim by foregoing any claim they may have against the Employer for paid sick leave the period which gave rise to the enforceable legal claim. Additional Leave Employees who continue to be off work following the expiration of their paid sick leave, shall be placed on leave of absence without pay for up to twenty-eight (28) calendar days. If the employee requires additional unpaid leave this must be requested in writing prior to the expiration of the aforementioned twenty-eight (28) calendar days and such additional unpaid leave shall not be unreasonably denied. Employees on leave must maintain contact with their Employer and indicate their expected date of return at least one week in advance. Appointments Where it is not possible to arrange medical, dental or paramedical appointments outside normal working hours, time off work will be granted by the Employer and such shall be paid for from accumulated sick leave credits for up to t...
Sample 1See All (4)
Benefits Accrued up to the Closing Date to each Transferred Bargaining Unit Employee under the Henkxx Xxxporation Consolidated Union Retirement Plan shall be fully vested, and Seller shall provide to Buyer a schedule listing such accrued benefits for each Transferred Bargaining Unit Employee within ninety (90) days after the Closing Date. Seller shall pay or cause to be paid to the Transferred Bargaining Unit Employees the benefits accrued under the Henkxx Xxxporation Consolidated Union Retirement Plan when the same shall be payable pursuant to the terms thereof, provided that any benefit enhancements to the Henkxx Xxxporation Consolidated Union Retirement Plan effective after the Closing Date shall not apply to such accrued benefits.
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Benefits Accrued. Benefits such as insurance, vacation, and sick leave shall not accrue, continue, or be paid during any leave of absence in excess of thirty (30) calendar days unless otherwise specifically provided for in this Agreement. There shall be no duplication or pyramiding of leave benefits or types of absence.
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Benefits Accrued but not used to the maximum extent allowed in Section 11.1, shall be pooled 29 and equally apportioned consistent with present District practice.
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Benefits Accrued. When an employee is on paid sick leave all benefits of the Agree- Expiration of Credits Absence due to sickness in excess of accumulated leave credits shall be treated as unpaid leave of absence in accordance with Article
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Benefits Accrued up to the Closing Date to each Transferred Non-Represented Employee under Seller's Pension Plans (including any early retirement benefit or special retirement benefit for which the Transferred Employee has satisfied the eligibility conditions) shall be fully vested, regardless of the Transferred Employee's years of service with Seller, and Seller shall provide to Buyer a schedule listing such accrued benefits for each Transferred Employee within ninety (90) days after the Closing Date. Seller shall pay or cause to be paid to the Transferred Employees the benefits accrued under Seller's Pension Plans when the same shall be payable pursuant to the terms thereof, provided that any benefit enhancements to Seller's Pension Plans effective after the Closing Date shall not apply to such accrued benefits. A Transferred Employee who had not satisfied the eligibility conditions for any early retirement benefit or special retirement benefit as of the Closing Date but who subsequently completes sufficient service with Buyer to satisfy such eligibility conditions and takes early retirement within ten (10) years from the Closing Date shall receive from Seller a pro rata portion of such benefit based on the number of years of service with Seller compared to the total number of years of service required for such benefit.
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Benefits Accrued. When an employee is on paid sick leave all benefits of the Agreement shall continue to accrue. Expiration of Credits to for The Employer may approve an advance of sick/special leave credits for an employee for up fifteen days where the employee has not accumulated enough sick/special leave credits the sick/special leave she/he requires. In determining whether to grant an advance of leave credits, the Employer shall consider the length of service of the employee and the Employer’s capacity to secure reimbursement from the employee. An advance of sick/special leave credits shall be reimbursed to the Employer by deduction from future sick/special leave credits or, where the employee’s service is terminated before the advance is repaid, by deduction from compensation otherwise owed to the employee. Where employment is terminated by death, the employee is deemed to have earned the amount of any leave with pay advanced to her/him.
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Benefits Accrued prior to being granted temporary disability leave shall be retained, but additional benefits shall not be accrued while on leave.
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Related to Benefits Accrued

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association. (b) The Association will provide Executive with employee benefit plans, arrangements and perquisites substantially equivalent to those in which Executive was participating or otherwise deriving benefit from immediately prior to the beginning of the term of this Agreement, and the Association will not, without Executive's prior written consent, make any changes in such plans, arrangements or perquisites which would adversely affect Executive's rights or benefits thereunder, except as to any changes that are applicable to all participating employees or as reasonably or customarily available. Without limiting the generality of the foregoing provisions of this Subsection (b), Executive will be entitled to participate in or receive benefits under any employee benefit plans including, but not limited to, retirement plans, supplemental retirement plans, pension plans, profit-sharing plans, health-and-accident insurance plans, medical coverage or any other employee benefit plan or arrangement made available by the Association or the Company in the future to its senior executives and key management employees, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements. Executive will be entitled to incentive compensation and bonuses as provided in any plan of the Association or the Company in which Executive is eligible to participate. Nothing paid to the Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which the Executive is entitled under this Agreement. (c) In addition to the Base Salary provided for by paragraph (a) of this Section 3, the Association or the Company shall pay or reimburse Executive for all reasonable travel and other reasonable expenses incurred by Executive performing his obligations under this Agreement and may provide such additional compensation in such form and such amounts as the Board may from time to time determine. The Association shall reimburse the Executive for his ordinary and necessary business expenses, including, without limitation, fees for memberships in such clubs and organizations as the Executive and the Board shall mutually agree are necessary and appropriate for business purposes, and travel and entertainment expenses, incurred in connection with the performance of his duties under this Agreement, upon presentation to the Association of an itemized account of such expenses in such form as the Association may reasonably require.

  • Salary Benefits and Bonus Compensation 3.1 BASE SALARY. Effective July 1, 2000, as payment for the services to be rendered by the Employee as provided in Section 1 and subject to the terms and conditions of Section 2, the Employer agrees to pay to the Employee a "Base Salary" at the rate of $180,000 per annum, payable in equal bi-weekly installments. The Base Salary for each calendar year (or proration thereof) beginning January 1, 2001 shall be determined by the Board of Directors of Avocent Corporation upon a recommendation of the Compensation Committee of Avocent Corporation (the "Compensation Committee"), which shall authorize an increase in the Employee's Base Salary in an amount which, at a minimum, shall be equal to the cumulative cost-of-living increment on the Base Salary as reported in the "Consumer Price Index, Huntsville, Alabama, All Items," published by the U.S. Department of Labor (using July 1, 2000, as the base date for computation prorated for any partial year). The Employee's Base Salary shall be reviewed annually by the Board of Directors and the Compensation Committee of Avocent Corporation.

  • Compensation Benefits Etc During the Employment Period, the Manager shall be compensated as follows: (a) The Manager shall (i) receive an annual cash base salary, payable not less frequently than semi-monthly, which is not less than the annualized cash base salary payable to Manager as of the Effective Date; (ii) be entitled to at least as favorable annual incentive award opportunity under the Company's annual incentive compensation plan as he did in the calendar year immediately prior to the year in which the Change of Control Event occurs; and (iii) be eligible to participate in all of the Company's long-term incentive compensation plans and programs on terms that are at least as favorable to the Manager as provided to the Manager in the four calendar years prior to the Effective Date. (b) The Manager shall be entitled to receive fringe benefits, employee benefits, and perquisites (including, but not limited to, vacation, medical, disability, dental, and life insurance benefits) which are at least as favorable to those made generally available as of the Effective Date to all of the Company's salaried managers as a group. In addition, the Manager shall be eligible to participate in the Company's Supplemental Retirement Income Program ("SRIP"). (c) Notwithstanding any other provision of this Agreement (whether in this Section 4, in Section 6, or elsewhere), (i) the Board of Directors may authorize an increase in the amount, duration, and nature of and/or the acceleration of any compensation or benefits payable under this Agreement, as well as waive or reduce the requirements for entitlement thereto and (ii) the Company may deduct from amounts otherwise payable to the Manager such amounts as it reasonably believes it is required to withhold for the payment of federal, state, and local taxes.

  • Compensation Benefits and Expenses (a) During the Employment Term, the Company shall pay the Employee a base annual salary of $250,000 (the “Base Salary”). Payment will be made on the regularly scheduled pay dates of the Company, subject to all appropriate withholdings or other deductions required by applicable law or by the Company’s established policies applicable to employees of the Company. The Board may increase the Base Salary in its sole discretion, but shall not reduce the Base Salary below the rate established by the Employment Agreement without the Employee’s written consent. (b) During the Employment Term, the Employee shall be entitled to participate in the Company’s annual incentive plan, under which the Employee shall be eligible to receive an annual target bonus equal to an amount between twenty percent (20%) and fifty percent (50%) of Base Salary if certain performance criteria and measures are satisfied, as determined by and within the sole discretion of the Board. (c) The Company shall promptly reimburse the Employee upon receipt of appropriate documentation in accordance with Company policies for all reasonable and customary relocation expenses that he may incur in relocating to Palm Beach Gardens, Florida in an amount not to exceed $7,500. (d) During the Employment Term, in addition to the compensation payable to the Employee as described above, the Employee shall be entitled to participate in all the employee benefit plans or programs of the Company that are available to senior executives of the Company generally and such other benefit plans or programs in accordance with the terms thereof, as may be specified by the Board (“Employee Benefits”). (e) As of the Effective Date, the Board shall grant the Employee options (the “Options”) to acquire 25,000 shares of common stock of the Company, with a per share exercise price equal to the closing price of such stock on the Effective Date, pursuant to the Company’s 2003 Long Term Incentive Plan (the “LTIP”). Such grant shall be subject to the terms and conditions of the award agreement for the Option Plan, attached hereto as Exhibit A. In addition, during the Employment Term, the Employee shall be eligible for subsequent annual option grants under the LTIP, or any such successor stock option plan, at the time such grants are made under the LTIP to senior executives of the Company generally, as determined by and within the sole discretion of the Board. (f) During the Employment Term, the Company shall reimburse the Employee for such reasonable out-of-pocket expenses as he may incur from time to time for and on behalf of the furtherance of the Company’s business, provided that the Employee submits to the Company satisfactory documentation or other support for such expenses in accordance with the Company’s expense reimbursement policy.

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

  • Compensation Benefits In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Dental Benefits The County offers dental and orthodontic benefits to full and part-time regular employees and their eligible dependent(s). Benefit provisions, co­ payments and deductibles are outlined in the Evidence of Coverage. The employee contribution is $13 per pay period ($28.26 per month). The County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Section 10.2.6.

  • Benefits   on In the event of a lay-off of a full-time employee, the Hospital shall pay its share of insured benefits premium up to three (3) months from the end of the month in which the lay-off occurs or until the laid off employee is employed elsewhere, whichever occurs first.

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations in regard to maternity, parental and adoption leave. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Articles 17.06, 17.07 or 17.08.