Eligibility for Other Group Benefits Sample Clauses

Eligibility for Other Group Benefits. Stodxxxx xxxll be eligible as an "employee" of the Company through August 31, 2000 for group benefits under the Company's employee benefit plans. Stodxxxx xxxll be eligible to participate in and shall receive pro rata contributions to the SAFECO Employees' Profit Sharing Retirement Plan, Savings Plan, and Cash Balance Plan, and for a Profit Sharing Bonus (based on an assumed annual salary of $335,000) as the same may be available to other employees of the Company.
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Eligibility for Other Group Benefits. As an employee of the Company through the Retirement Date, the Executive (a) shall be entitled to participate in any group benefit under the Company's employee benefit plans and (b) shall be entitled to participate in, and shall be the beneficiary of pro rata Company contributions to, the SAFECO Employees' Profit Sharing Retirement Plan, Savings Plan, and Cash Balance Plan, as well as any "supplemental" or "excess benefit" plans that relate to such plans and (c) shall be entitled to receive a Profit Sharing Bonus for the period through the Retirement Date (based on the Executive's annual salary of $625,000) on no less favorable a basis (except for the proration) than that applying to senior-level executives who continue to be employed by the Company.
Eligibility for Other Group Benefits. Eigsxx xxxll continue to be eligible as an "employee" of the Company through December 31, 2000 for group benefits under the Company's employee benefit plans. Eigsxx xxxll be eligible to participate in and shall receive contributions to the SAFECO Employees' Profit Sharing Retirement Plan, Savings Plan, and Cash Balance Plan, and for a Profit Sharing Bonus (based on an assumed annual salary of $900,000) as the same may be available to other employees of the Company
Eligibility for Other Group Benefits. As an employee of the Company through the Retirement Date, the Executive (a) shall be entitled to participate in any group benefit under the Company's employee benefit plans and (b) shall be entitled to participate in, and shall be the beneficiary of pro rata Company contributions to, the SAFECO Employees' Profit Sharing Retirement Plan, Savings Plan, and Cash Balance Plan, as well as any "supplemental" or "excess benefit" plans that relate to such plans.

Related to Eligibility for Other Group Benefits

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Eligibility for Benefits A member will not be eligible to receive Long Term Disability benefits until their Income Protection benefits have expired.

  • 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.

  • Eligibility for Group Participation This section describes eligibility to participate in the Group Insurance Program.

  • Eligibility for Sick Leave with Pay Employees shall be eligible for sick leave with pay immediately upon accrual.

  • Eligibility for Severance Benefits The Corporation or its successor shall pay or provide to the Executive the Severance Benefits if the Executive’s employment is terminated voluntarily or involuntarily during the term of this Agreement, either:

  • Accrued Benefits The term "Accrued Benefits" shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

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