Other Post Clause Samples

Other Post. Closing Liabilities. Any and all Liabilities arising out of DataNet'S operation and ownership of the Assets on or after the Closing Date.

Other Post. Employment Benefits (a) Basic Group medical and life insurance coverages shall continue under then prevailing terms during the Severance Pay Period; provided, however, that if Employee becomes employed by a new employer during that period, continuing coverage from Vestis will become secondary to any coverage afforded by the new employer. Employee’s share of the premiums will be deducted from Employee’s severance payments. Basic Group medical coverage provided during such period shall be applied against Vestis’s obligation to continue group medical coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). Upon termination of basic group medical and life coverages, Employee may convert such coverages to individual policies to the extent allowable under the terms of the plans providing such coverages. (b) If, at the time of termination, Vestis is providing Employee with a leased vehicle, then Vestis will continue to provide the leased vehicle through the Severance Pay Period under the same terms and conditions as in effect at the time of the Employee’s termination. At the expiration of the Severance Pay Period, Employee must return the leased vehicle to Vestis unless the Employee elects to purchase the vehicle in accordance with the applicable Vestis policy then in effect. If Employee is receiving a car allowance at the time of the Employee’s termination, such car allowance will continue to be paid through the Severance Pay Period. At the expiration of the Severance Pay Period, the Employee will cease being paid a car allowance. (c) For the avoidance of doubt, Employee shall be entitled to be reimbursed for all unused and unexpired vacation days that have accrued under the applicable Vestis vacation policy through the date of termination. (d) Employee’s eligibility to participate in all other benefit and compensation plans, including, but not limited to the Management Incentive Bonus, Long Term Disability, any nonqualified plans and any stock option or ownership plans, shall terminate as of the effective date of Employee’s termination unless provided otherwise under the terms of a particular plan or otherwise specifically provided in the terms of any employment agreement or other service agreement between Employee and Vestis, provided, however, that participation in supplemental plans and programs made available solely to Executive Leadership Council members shall cease as of the effective date of termination. B. Termination for “Ca...

Other Post. Employment Benefits ("OPEB") 1. Other Post-Employment Benefits (OPEB) means group insurance benefits provided by the University to retirees and their beneficiaries in respect of coverage under life insurance and supplementary health and dental plans. 2. Consistent with past practice, former employees who are deferred pensioners within the meaning of the Memorial University Pension Plan are not entitled to OPEB. 3. Current employees as of the date of signing of the collective agreement who retire with an immediate pension not later than March 31, 2024, with a minimum of five (5) years' pensionable service shall qualify for OPEB. 4. Current employees as of the date of signing of the collective agreement who retire after March 31, 2024, and who have a minimum of 10 years pensionable service shall be eligible for OPEB upon immediate retirement. 5. As per clauses 3 and 4, current employees must retire and commence receipt of a pension immediately on ceasing active employment at the University to qualify for OPEB. Such employees shall pay 50% of the premium applicable to the group insurance plans they elect to continue, and the University shall pay 50%. 6. Employees who are hired subsequent to the date of signing of the collective agreement ("Newly Hired Employees"), shall qualify for OPEB only where such employees have a minimum of fifteen (15) years' pensionable service and commence receipt of a pension immediately on ceasing active employment. 7. Former employees who are rehired following loss of seniority subsequent to the date of signing of the collective agreement shall be considered to be Newly Hired Employees for the purpose of OPEB eligibility. 8. Notwithstanding clause 7 above, employees with service prior to the date of signing of the Collective Agreement who are employed outside the bargaining unit and are re-employed in a CUPE bargaining unit position subsequent to the date of signing of the Collective Agreement without a break in service at the University shall not be considered to be Newly Hired Employees for the purpose of OPEB eligibility. 9. Employees who do not meet the criteria noted in clauses 3, 4 or 6 above shall not be entitled to OPEB on ceasing active employment at the University.

Other Post. Employment Benefits Employee Contribution Trust Account - Each employee shall pay the equivalent of 0.75% of their annual pay into an OPEB Trust Fund established to receive employee contributions in FY 2026 and 1% in FY 2027. Payments shall be payable, in equal installments for each payroll period. 3.50% COLA There are no step increases in FY 2026 FY 2026 B B+15* B+30* / M B+45* / M+15 B+60* / M+30 B+75* / M+45 B+90* / M+60 M+75 3.00% COLA FY 2027 B B+15* B+30* / M B+45* / M+15 B+60* / M+30 B+75* / M+45 B+90* / M+60 M+75 3.00% COLA FY 2028 B B+15* B+30* / M B+45* / M+15 B+60* / M+30 B+75* / M+45 B+90* / M+60 M+75 FALL SPORTS 2025-2026 2026-2027 2027-2028 Head Football 6,435 6,628 6,827 Assistant Football 3,949 4,068 4,190 Jr. High Head Football 3,511 3,616 3,725 Jr. High Asst. Football 2,587 2,665 2,745 Boys/Girls Varsity Soccer 4,497 4,632 4,771 Boys/Girls J.V. Soccer 3,415 3,518 3,624 Middle School Boys/Girls Soccer 2,196 2,261 2,329 Boys/Girls Cross Country 4,339 4,470 4,604 Asst. Cross Country 1,844 1,899 1,956 Varsity Volleyball 4,148 4,273 4,401 J.V. Volleyball 3,192 3,288 3,387 Freshman Volleyball 1,973 2,032 2,093 Varsity Cheerleading 2,902 2,989 3,079 Golf 3,176 3,271 3,369 Fall Weight Room Coordinator 1,334 1,374 1,415 WINTER SPORTS 2025-2026 2026-2027 2027-2028 Boys/Girls Unfied Basketball 3,349 3,450 3,553 Boys/Girls Var. Basketball 5,426 5,589 5,756 Boys/Girls J.V. Basketball 4,021 4,141 4,266 Middle School B/G Basketball 2,874 2,960 3,049 Track 4,735 4,877 5,023 Asst. Track 2,574 2,652 2,731 Varsity Cheerleading 3,913 4,030 4,151 J.V. Cheerleading 1,924 1,982 2,042 Winter Weight Room Coordinator 1,334 1,374 1,415 SPRING SPORTS 2025-2026 2026-2027 2027-2028 Boys Varsity Baseball 4,709 4,850 4,996 Girls Varsity Softball 4,709 4,850 4,996 Boys J.V. Baseball 3,511 3,616 3,725 Girls J.V. Softball 3,511 3,616 3,725 Middle School Baseball 2,293 2,362 2,433 Middle School Softball 2,293 2,362 2,433 Middle School Track 2,293 2,293 2,293 Boys/Girls Unified Track 3,349 3,450 3,553 Boys/Girls Spring Track 4,709 4,850 4,996 Boys/Girls Asst. Track 3,320 3,420 3,522 Spring Weight Room Coordinator 1,334 1,374 1,415 E-Sports 3,511 3,616 3,724 Section 1. Department Heads and Team Leaders in a department or team with three teachers will be paid according to the following stipend schedule. For each additional teacher $75.00 will be paid to the department head or team leader, up to a maximum of seven (7) teachers. The above differential will be in addition to base...

Other Post. Employment Benefits Employee Contribution Trust Account - Each employee shall pay the equivalent of 0.5% of their annual pay into an OPEB Trust Fund established to receive employee contributions. Payments shall be payable, in equal installments for each payroll period, in the amount equal to 0.5% of the employee’s pay rate for that pay period.

Other Post. CLOSING COVENANTS 16.1. GFI's Employees.....................................................43 16.2.

Other Post. Signing Actions and Undertakings