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 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.
Sample 1
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.
Sample 1
Benefits Accrued. 42 19.06 Expiration of Credits . . . . . . . . . . . . . . . . . . . . . . . . . . 42 19.07 Enforceable Legal Claims . . . . . . . . . . . . . . . . . . . . . . 42 19.08 Additional Leave . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 19.09 Appointments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
Sample 1
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.
Sample 1
Benefits Accrued prior to being granted temporary disability leave shall be retained, but additional benefits shall not be accrued while on leave.
Sample 1

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.

  • 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:

  • Compensation Benefits and Expenses During the Term, Company shall compensate Employee for his services as follows:

  • 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. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Article 17.03.

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