New Benefits Clause Samples
The "New Benefits" clause defines the rights and obligations related to any additional benefits, perks, or advantages that may be introduced during the term of an agreement. Typically, this clause outlines whether such new benefits automatically extend to all parties or if they require separate negotiation or approval. For example, if an employer introduces a new health plan or bonus structure after a contract is signed, this clause would clarify if those benefits apply to existing employees under the agreement. Its core function is to ensure clarity and prevent disputes over entitlement to newly introduced benefits, thereby managing expectations and reducing the risk of misunderstandings.
New Benefits. Upon a decision of the Trustees of UNITE HERE Local 75 Health and Welfare Plan to change or improve benefits the employer will cooperate with the Plan Administrator in the introduction of any new benefit to eligible members, or in the change of any benefits.
New Benefits. Upon a decision of the Trustees of the Millworkers Health & Welfare Plan (Unifor) Fund to change or improve benefits, the employer will cooperate with the Plan Administrator in the introduction of any new benefit to eligible members, or in the change of any benefits.
New Benefits. Upon a decision of the Trustees of the Unifor Millworkers Health and Wellness Plan to change or improve benefits, the Employer will cooperate with the Plan Administrator in the introduction of any new benefits to eligible member, or in the change of any benefits.
New Benefits. For those purposes, Employer is willing to grant to Executive, as of the Effective Date, new benefits to which Executive is not otherwise entitled, consisting of: (1) certain new restricted shares of Employer Stock (as described in Article 4), pursuant to the Restricted Stock Agreement attached hereto as Exhibit A and the Employer's 1998 Stock Option and Compensation Plan; and (2) the right to receive certain severance compensation and outplacement benefits (as described in Articles 5 and 6), if Executive's employment with Employer terminates under certain circumstances described therein, including without limitation in connection with a Change in Control (as defined in Article 6).
New Benefits. Any new benefits introduced by the Company shall be discussed and agreed with the Union before implementation.
New Benefits. Upon a decision of the Trustees of the UNITE HERE Health and Welfare Plan to change or improve benefits, the Employer will cooperate with the Plan Administrator in the introduction of any new benefit to eligible members, or change in benefits. Employees currently receiving Long Term Disability benefits at the time of implementation of the UNITE HERE Health & Welfare Plan shall remain on the existing claim until the coverage is ended, as per the rules and regulations of the plan.
New Benefits. The Company is not obligated to pay Employee the Severance Payment as stated in paragraph 2, or continue the insurance benefits at the employee rate after termination as stated in paragraph 4. Rather, the Company agrees to provide this additional pay and these additional benefits only in return for Employee’s acceptance of this Agreement and release of legal rights.
New Benefits. For those purposes, Employer is willing to grant to Executive benefits to which Executive is not otherwise entitled, including the right to receive certain restricted stock benefits as described in Article 4.
New Benefits. Upon a decision of the Trustees of the HERE Union Local 75 Health & Welfare Plan to change or improve benefits, the Employer will cooperate with the Plan Administrator in the introduction of any new benefits to eligible members, or in the change of any benefits.
a) All cases of sickness must be reported to the respective Department Head or the Manager on Duty on the first day, three (3) hours prior to the scheduled reporting time of the employee concerned.
b) The sick leave allowance will not be granted to employees in cases of illness or accident, which are compensated under the laws of the Province of Ontario.
c) Sick leave will not be paid for illnesses, which occur within the vacation period of the employee.
d) If the Employer finds the first (1st) day’s illness to be doubtful, disciplinary action may be taken and a Doctor’s Certificate may be requested. For further eligibility of entitlements, request a copy of Soben Management’s Health and Welfare Booklet from the Human Resources Department.
New Benefits. The Company is not obligated to pay Employee the Settlement Payment as stated in paragraph 2 or continue insurance benefits as stated in paragraph 3. Rather, the Company agrees to provide this additional pay and benefits only in return for Employee’s acceptance of this Agreement and release of legal rights.