Deferred income plan Sample Clauses

Deferred income plan. 6. Short- term disability for the employee. Each eligible employee is required to participate in the core plan. Any contribution by the employee shall be by payroll deduction. County contribution to the core plan per month per eligible participant for 2017 is $1045.00 County contribution to the core plan per month per eligible participant for the year 2018 shall be maintained at the year 2017 level plus 50% of any cost increase or decrease to the total plan (i.e., core, electives, administration, reinsurance) per year. County contribution to the core plan per month per eligible participant for the year 2019 shall be maintained at the year 2018 level plus 50% of any cost increase or decrease to the total plan (i.e., core, electives, administration, reinsurance) per year. County, unions, non-union, and retirees will continue to meet and confer through an established insurance committee to make recommendations to the County Board for core or elective plan benefit changes, (Study issue -- retiree health plans). County contributions will not be made to any plan other than the Cass County cafeteria plan or the Cass County retiree plan. All employees meeting the Cass County cafeteria plan enrollment criteria are members of the plan and shall receive the core benefits. Any county contribution in excess of the core plan cost may be applied to the Cass County plan electives. New employees shall be eligible for coverage in the insurance programs the first day of the month following initial employment, or as otherwise provided by the Cass County cafeteria, or Cass County retiree plan rules, and the Employer contribution toward the cost of such insurance shall commence the first day of the month following initial employment in a permanent position.
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Deferred income plan. The parties agree to put into place a plan for all Employees that will provide Employees the option of deferring a portion of their income for a continuous three (3) year period and in the fourth (4th) year to take six (6) continuous months off, or three (3) consecutive months for the purpose of education. The terms of the Plan are set out as follows: The parties agree as follows:
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Deferred income plan. In the event of (a) a Qualified Termination following a Change in Control, (b) an involuntary termination of the Executive by the Company without Cause or (c) a termination by the Executive for Good Reason, any otherwise unvested premium payable by the Company with respect to any deferred income under the Deferred Income Plan shall be fully vested as of such date.
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Deferred income plan. 6. Short term disability for the Employee. Each eligible Employee is required to participate in the core plan. Any contribution by the Employee shall be by payroll deduction. County contribution to the core plan per month per eligible participation for 2020 is $1,045.00. County contribution to the core plan per month per eligible participant for the year 2021 shall be maintained at the year 2020 level plus 50% of any increase or decrease cost to the total plan (i.e., core, electives, administrations, reinsurance) per year. County, Unions, Non-Union, and retirees will continue to meet and confer through an established insurance committee to make recommendations to the County Board for core or elective plan benefit changes, (Study issue – retiree health plans). County contributions will not be made to any plan other than the Cass County cafeteria plan or the Cass County retiree plan. All Employees meeting the Cass County cafeteria plan enrollment criteria are members of the plan and shall receive the core benefits. Any county contribution in excess of the core plan cost may be applied to the Cass County plan electives. New Employees shall be eligible for coverage in the insurance programs the first day of the month following initial employments, or as otherwise provided by the Cass County cafeteria, or Cass County retiree plan rules, and the Employer contribution toward the cost of such insurance shall commence upon completion of thirty (30) days of employment in a permanent position. For the purposes of insurance coverage, an Employee shall be eligible unless employed in a permanent position an average of twenty (20) hours per week. Part-time permanent Employee insurance benefits, under this Appendix, will be provided on a pro-rata basis in accordance with Article III, Section 5. Any Employee who is temporarily laid off or who is on an unpaid leave of absence or more than thirty (30) working days may continue insurance coverages by paying the premium amount therefor, during the period of layoff or leave of absence without pay. Such Employee need not re-establish eligibility upon returning to work. For leaves of absence of less than thirty (30) calendar days the Employer contributions shall continue without change.
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Deferred income plan. The parties acknowledge that they have negotiated concerning retirement and deferred income plans and have agreed to modify that participation in a Section 401(k) plan offered by the Company will be made available in accordance with the following contribution schedule: Employees may contribute in accordance with Plan rules and regulations. The employer agrees to provide matching contributions in the total amount of 1% for 1996, 2% for 1997 and 3% for 1998 for employees who choose to contribute.
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Deferred income plan. The parties agree to put into place a plan for all employees that will provide employees the option of deferring a portion of their income for a continuous three
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Deferred income plan. All members of this unit shall have the option of participating in a deferred income plan as authorized by the Board of Education. It is understood by the parties of this Agreement that the Board of Education does not endorse, underwrite or sponsor and deferred income plan.
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Deferred income plan. The parties agree to put into place a plan for all employees that will provide employees the option of deferring a portion of their income for a continuous three (3) year period and in the fourth year to take six (6) continuous months off, or three consecutive months for the purpose of education. The terms of the plant are set out as follows: This Addendum applies to Union Representatives. The purpose of this addendum is to vary and clarify certain terms of the Collective Agreement in order to introduce the Deferred Income Plan. No employee will receive benefits superior to those negotiated in the collective agreement for his/her category and status because of enrolment into the Deferred Income Plan. All health and other benefits, including, but not limited to: sick leave, vacation leave, uniform allowance, quarterly allowance, evening allowance, leased or purchased vehicle, and transportation allowance shall be suspended for the period that the employee is off work pursuant to this plan: Pursuant to this plan an employee(s) shall maintain all benefits but not limited to their Medical, Dental, Extended Health and Long Term Disability benefits for the period off work by reimbursing to the Employer the full cost of the premium of these benefits. Time off under this plan shall be credited to the employee's continuous service. Employees wishing to enroll in the Deferred Income Plan will apply in writing in a minimum of two (2) months before enrolment stating the percentage of their wages they wish to have deferred and the percentage they wish to have paid. For three (3) years, the employees who have been granted enrollment shall be paid a percentage of their wages set out above. At the end of three (3) years, eligible employees shall be paid their entitlement of the monies in the Deferred Income Plan fund in three (3) or six (6) equal installments. While the fund shall be at no cost to the Employer, the Employer agrees that the plan can be administered and maintained in hours and that Employer will absorb the cost of its staff and overhead, but no bank charges or accounting fees incurred in providing this service. In the event that the administration of the plan is in dispute, the parties will hire a mutually agreed to outside consultant to maintain and administer the plan and the cost of such consultant will be borne by the plan. The fund shall be administer jointly by the United Food & Commercial Workers Union Local 1518 and a representative from the United ...
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Deferred income plan. 18 32. SALARIES..................................................................18 MINIMUM WEEKLY ENTRY LEVEL SALARIES FOR NEW EMPLOYEES (HIRED AFTER JANUARY 29, 1996)................................18
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Related to Deferred income plan

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Nonqualified Deferred Compensation Plans Effective on or before the Distribution Date, Columbia shall adopt, establish and maintain nonqualified deferred compensation plans for the benefit of employees of the Columbia Parties (the “Columbia Deferred Compensation Plans”) and shall establish one or more grantor trusts to be a source of providing benefits thereunder (the “Columbia Rabbi Trusts”) that in each case shall be substantially similar to the NiSource Deferred Compensation Plans and the grantor trusts maintained by NiSource with respect to the NiSource Deferred Compensation Plans (the “NiSource Rabbi Trusts”). As of the Distribution Date, the Columbia Parties shall assume and thereafter be solely responsible for all existing and future liabilities relating to Business Employees’ (and Deceased Business Employee survivors’ and beneficiaries’) (a) benefits accrued under the NiSource Deferred Compensation Plans prior to the Distribution Date and (b) benefits that accrue under the Columbia Deferred Compensation Plans on and after the Distribution Date. All beneficiary designations made by Business Employees and by survivors and beneficiaries of Deceased Business Employees under the NiSource Deferred Compensation Plans shall, to the extent applicable, be transferred to, and be in full force and effect under, the Columbia Deferred Compensation Plans until such beneficiary designations are replaced or revoked by the Business Employee (or the survivor or beneficiary of the Deceased Business Employee) who made the beneficiary designation. Following the Distribution Date, the NiSource Parties shall have no liability or obligation with respect to the benefits accrued by such Business Employees or by such survivors or beneficiaries of Deceased Business Employees under any of the NiSource Deferred Compensation Plans or with respect to any benefits accrued under the Columbia Deferred Compensation Plans. As soon as administratively practicable after the Distribution Date, NiSource shall cause the NiSource Rabbi Trusts to transfer to the Columbia Rabbi Trusts cash, life insurance policies or other assets having an aggregate fair market value equal to (i) the aggregate fair market value of all assets held in the NiSource Rabbi Trusts as of the Distribution Date multiplied by (ii) a percentage, the numerator of which shall be the lump sum present value of the benefits assumed by the Columbia Deferred Compensation Plans pursuant to this Section 3.03 and the denominator of which shall be the lump sum present value of all benefits accrued under the NiSource Deferred Compensation Plans immediately prior to the Distribution Date.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Nonqualified Deferred Compensation (a) It is intended that any payment or benefit which is provided pursuant to or in connection with this Agreement which is considered to be deferred compensation subject to Section 409A of the Code shall be paid and provided in a manner, and at such time and form, as complies with the applicable requirements of Section 409A of the Code to avoid the unfavorable tax consequences provided therein for non-compliance.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

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