Common use of Eligible Members Clause in Contracts

Eligible Members. All permanent full-time Bargaining Unit Employees of Molycop Canada, who are past their probationary period are eligible to participate in the Plan provided the Employee is employed by Molycop Canada at the time the Variable Compensation is paid to Employees. Employees commencing employment after January 1 of the year the Variable Compensation is earned, payment will be made on a pro-rated basis for time an Employee is employed with the company. Employees who were employed with Molycop Canada at the time the Variable Compensation was earned but had retired prior to the date that the Variable Compensation is paid will be paid the Variable Compensation on a pro-rated basis.

Eligible Members. All permanent full-time Bargaining Unit Employees of Molycop MOLY-COP Canada, who are past their probationary period are eligible to participate in the Plan provided the Employee is employed by Molycop MOLY-COP Canada at the time the Variable Compensation is paid to Employees. Employees commencing employment after January 1 of the year the Variable Compensation is earned, payment will be made on a pro-rated basis for time an Employee is employed with the company. Employees who were employed with Molycop MOLY-COP Canada at the time the Variable Compensation was earned but had retired prior to the date that the Variable Compensation is paid will be paid the Variable Compensation on a pro-rated basis.