CDC scheme Sample Clauses

CDC scheme. A CDC scheme must at least have the following elements in addition to the other conditions in this chapter: – an accrual percentage of 1.75% per participation year; – a maximum state pension deductible of € 20,711.55 on 1 January 2023 and € 21,755.41 on 1 January 2024. The maximum state pension deductible will be adjusted in line with the general wage development of this CLA.
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CDC scheme. This Annex describes the characteristics of the CDC scheme as referred to in Article 5.2. It must be explicitly stated in the pension regulations that the annual accrual percentage can be reduced if necessary for this scheme. Members Members are employees aged 18 and over. Effective date Before an employee is included in the scheme, there is a waiting period of two months. After this period, the employee is included in the scheme with retroactive effect from the date of commencement of employment, but no earlier than the first day of the month in which the employee reaches the age of 18. During the waiting period, partner's pension and orphan's pension are covered on a risk basis. Retirement age The target retirement age is the first day of the month in which the member reaches the age of 68. Early retirement Members can choose to retire earlier than the retirement age. In that case, they must inform the employer at least six months before the retirement date selected by the member. If the member retires early, the amount of the pension is reduced by actuarially neutral calculations based on the probability systems and actuarial interest rates which are the basis for the financing of the pension scheme. End of employment contract on retirement date The employment contract with the employee ends by operation of law, without further notice being required, on the commencement date of the retirement pension chosen by the employee, but no later than on the day on which the employee reaches the age on which the employee becomes entitled to state pension (AOW). Part-time pension The member can choose to retire part-time. This is subject to the same provisions as early retirement. Pensionable income The pensionable income is 12 times the fixed monthly salary including holiday allowance. The maximum pensionable income is €88,199.62 (2020). This amount is indexed annually with the wage development of the Collective Agreement in the previous calendar year. The reference date for determining pensionable income is 1 January.
CDC scheme. A CDC scheme must at least have the following elements in addition to the other conditions in this chapter: – an accrual percentage of 1.75% per participation year; – a maximum state pension offset of 1 18,506.34 as of 1 January 2017, to be adjusted for the general wage development of this CLA.

Related to CDC scheme

  • Corporate Approval This Agreement has been approved by the Board, and has been duly executed and delivered by Employee and on behalf of the Company by its duly authorized representative.

  • Local Health Integration Networks and Restructuring In the event of a health service integration with another service provider the Employer and the Union agree to meet.

  • Employee and Family Assistance Plan The CODC PRO Care Plan is an industry-funded employee and family assistance plan for employees and their eligible family members according to the participation of sponsoring organizations and employers as well as Plan eligibility rules. Employees must be enrolled in the Plan by their employer to become eligible for Plan benefits, subject to the Plan eligibility rules. An individual employee cannot self-enroll in the Plan. Remittances and Reports

  • Equity Plan In the event the Company adopts an equity incentive plan or program (the "Equity Plan") for its key executives, the Executive shall be entitled to participate in the Equity Plan from and after the effective date thereof in accordance with the terms and conditions of such plan.

  • Transitional Arrangements Seller and Purchaser agree to cooperate and to proceed as follows to effect the transfer of account record responsibility for the Branches:

  • Foreign-Owned Companies in Connection with Critical Infrastructure If Texas Government Code, Section 2274.0102(a)(1) (relating to prohibition on contracts with certain foreign-owned companies in connection with critical infrastructure) is applicable to this Contract, pursuant to Government Code Section 2274.0102, Contractor certifies that neither it nor its parent company, nor any affiliate of Contractor or its parent company, is: (1) majority owned or controlled by citizens or governmental entities of China, Iran, North Korea, Russia, or any other country designated by the Governor under Government Code Section 2274.0103, or (2) headquartered in any of those countries.

  • Company Shareholder Approval The Company Shareholder Approval shall have been obtained.

  • Government Approval, Regulation, etc No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body or other Person is required for the due execution, delivery or performance by the Borrower of this Amendment.

  • EXIT PLAN The Supplier shall, within three (3) months after the Commencement Date, deliver to the Customer an Exit Plan which: sets out the Supplier's proposed methodology for achieving an orderly transition of the Ordered Panel Services from the Supplier to the Customer and/or its Replacement Supplier on the expiry or termination of this Contract ; complies with the requirements set out in paragraph 6.3 of this Contract Schedule 2; is otherwise reasonably satisfactory to the Customer. The Parties shall use reasonable endeavours to agree the contents of the Exit Plan. If the Parties are unable to agree the contents of the Exit Plan within twenty (20) Working Days of its submission, then such dispute shall be resolved in accordance with the Dispute Resolution Procedure. Unless otherwise specified by the Customer or Approved, the Exit Plan shall set out, as a minimum: how the Exit Information is obtained; the management structure to be employed during both transfer and cessation of the Ordered Panel Services; the management structure to be employed during the Termination Assistance Period; a detailed description of both the transfer and cessation processes, including a timetable; how the Ordered Panel Services will transfer to the Replacement Supplier and/or the Customer, including details of the processes, documentation, data transfer, systems migration, security and the segregation of the Customer's technology components from any technology components operated by the Supplier or its Sub-Contractors (where applicable); details of contracts (if any) which will be available for transfer to the Customer and/or the Replacement Supplier upon the Expiry Date together with any reasonable costs required to effect such transfer (and the Supplier agrees that all assets and contracts used by the Supplier in connection with the provision of the Ordered Panel Services will be available for such transfer); proposals for the training of key members of the Replacement Supplier’s personnel in connection with the continuation of the provision of the Ordered Panel Services following the Expiry Date charged at rates agreed between the Parties at that time; proposals for providing the Customer or a Replacement Supplier copies of all documentation: used in the provision of the Ordered Panel Services and necessarily required for the continued use thereof, in which the Intellectual Property Rights are owned by the Supplier; and relating to the use and operation of the Ordered Panel Services; proposals for the assignment or novation of the provision of all services, leases, maintenance agreements and support agreements utilised by the Supplier in connection with the performance of the supply of the Ordered Panel Services; proposals for the identification and return of all Customer Property in the possession of and/or control of the Supplier or any third party (including any Sub-Contractor); proposals for the disposal of any redundant Ordered Panel Services and materials; procedures to: deal with requests made by the Customer and/or a Replacement Supplier for Staffing Information pursuant to Contract Schedule 3 (Staff Transfer); determine which Supplier Personnel are or are likely to become Transferring Supplier Employees; and identify or develop any measures for the purpose of the Employment Regulations envisaged in respect of Transferring Supplier Employees; how each of the issues set out in this Contract Schedule 2 will be addressed to facilitate the transition of the Ordered Panel Services from the Supplier to the Replacement Supplier and/or the Customer with the aim of ensuring that there is no disruption to or degradation of the Ordered Panel Services during the Termination Assistance Period; and proposals for the supply of any other information or assistance reasonably required by the Customer or a Replacement Supplier in order to effect an orderly handover of the provision of the Ordered Panel Services.

  • Unbundled Copper Loop – Designed (UCL-D) 2.4.2.1 The UCL-D will be provisioned as a dry copper twisted pair (2- or 4-wire) Loop that is unencumbered by any intervening equipment (e.g., filters, load coils, range extenders, digital loop carrier, or repeaters).

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