Group Pension Plan Sample Clauses

Group Pension Plan. 32.01 Each employee participating in the Union managed Pension Plan will contribute eleven (11) cents per hour to a maximum of 1,800 hours per year and this amount shall be matched by the Company. Effective September 1, 2008 the Company will contribute eighteen (18) cents per hour. Additional voluntary contributions may be made by those members of the Plan who wish to do so, but not matched by the Company.
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Group Pension Plan. The pension contributions are to be cost shared, with the City to pay 50% and the employee to pay 50%.
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Group Pension Plan. (a) The primary purpose of the defined contribution plan (registered pension plan) is to provide employees with income after retirement. The Plan also provides for the payment of benefits in the event of the employee's death or termination of service before retirement.
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Group Pension Plan. Union employees are required to contribute 1% of their base wage to their pension plan. Wescast Industries Inc. will contribute 1% of the employees' base wage as a Company contribution. Effective July 1, 1998 the employees, at their option, may either:
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Group Pension Plan. 20.5 The Employer shall provide a group Pension plan.
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Group Pension Plan. 20.01 The Company has a Company Pension Plan for its Salaried Employees. The members of the Bargaining Unit are included in this Plan on the same basis as the Salaried Employees of the Company.
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Group Pension Plan. As of January 1st, 2016, the employee contributions to the pension plan are set at a maximum of six percent (6.0%) of gross income including overtime hours. The Company shall only be required to match contributions to a maximum 4%), regardless of the actual level of employee contributions. The contributions will be maintained at these levels unless a revision is warranted. There is no provision that the company contribution will always match the employee contribution; a revision of company contribution will be done, from time to time and reported to employee via pension representatives.
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Group Pension Plan. 18.01 The Employer agrees to continue, inclusive of amendments, the Group Pension Plan which came into effect on the first day of June 1976, and any protections provided thereunder flowing from the North American Plan which was in effect on the first day of April, 1958.
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Related to Group Pension Plan

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Municipal Pension Plan (i) All newly hired regular employees shall participate under the Municipal Pension Plan, subject to the terms and conditions of such Plan, from their initial date of hire as a regular employee.

  • Pension Plan 15.01 The CLAC Pension Plan (“the Plan”), a defined contribution pension plan, is registered with the Canada Revenue Agency. The Plan applies to all employees covered by this Agreement.

  • No Pension Plans There are no pension, profit sharing, group insurance or similar plans or other deferred compensation plans affecting the Company;

  • Canadian Pension Plans The Loan Parties shall not (a) contribute to or assume an obligation to contribute to any Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent, or (b) acquire an interest in any Person if such Person sponsors, administers, maintains or contributes to or has any liability in respect of any Canadian Defined Benefit Plan, or at any time in the five-year period preceding such acquisition has sponsored, administered, maintained, or contributed to a Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, the Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time to time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, the Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time to time by the Company for the benefit of its senior executives.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • 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.

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

  • 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.

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