PENSION AGREEMENT. The Company has adopted the Embarq Pension Component of the CenturyLink Combined Pension Plan (the “Retirement Pension Plan”) and except as provided in Section 3 below, agrees to include Eligible Employees covered by this Agreement as Members of such Retirement Pension Plan in accordance with the Pension Agreement below. Said Pension Agreement shall be continued without modification for the life of this Agreement; provided, however, the Company (and for this purpose only “Company” shall include Embarq Corporation) retains the right to make such changes in the Retirement Pension Plan, in its sole discretion, as may be required to obtain a ruling from the Commissioner of Internal Revenue that the Retirement Pension Plan qualifies under Section 401(a) of the Internal Revenue Code of 1986, as amended from time to time, and that the Trust implementing the Retirement Pension Plan is exempt from taxation under Section 501(a) of said Code, to satisfy any applicable state or federal statute, regulation, ruling, court decision or other law applicable to said Retirement Pension Plan, or to administer said Retirement Pension Plan in an orderly and efficient manner. Except as provided in Section 3 below, any such action taken by the Company in its sole discretion with respect to the Retirement Pension Plan shall apply to all similarly situated employees of the Company in a uniform manner. The Company pays all contributions to the Retirement Pension Plan. Nothing within this Agreement shall constitute an amendment to the Retirement Pension Plan, which is subject to its terms and conditions. In the event of an inconsistency between this Agreement and the Retirement Pension Plan document, the terms of the Retirement Pension Plan document shall govern. Administration of the Embarq Pension Component of the CenturyLink Combined Pension Plan and benefit disputes are not subject to the grievance or arbitration procedure set forth in this Agreement.
PENSION AGREEMENT. Consistent with the provisions of the preceding Agreement in this reward, and in order to enable compliance with the law, the Company is authorized to make required changes in the Pension Plan now in effect to comply with current law.
PENSION AGREEMENT. The Pension Agreement between VARTA Gerảtebatterie GMBH and the Executive dated May 17, 1989 including the supplement of July 1, 1999, which was assumed by the Company, shall continue and remain in full force and effect.
PENSION AGREEMENT. In accordance with the provisions of of the September Memorandum of Understanding between Air Canada and CALDA Councils and the Parties agreed to the following Pension related changes:
PENSION AGREEMENT. The Pension Agreement shall have been executed by the parties thereto and be in full force and effect.
PENSION AGREEMENT. The term Pension Agreement as used herein shall mean a written agreement between any Union and any association, individual, partnership or corporation which, among other things, requires payments to the Trust Fund on behalf of employees of such association, individual, partnership or corporation and which complies with the rules, regulations and policies of the Trustees governing acceptance of payments from Employers. The term Pension Agreement shall also mean any written agreement providing for payments to the Trust Fund for the employ- ees of the following: Any Union, any Western Region Joint Council, any other subordinate body of the International Brotherhood of Teamsters that is located in the 13 western states and primarily services one or more Western Region Unions or their members, any administrative agency serving the Trustees, or the Trust Fund with respect to its employees. The Trustees from time to time may establish uniform rules setting forth additional conditions and requirements that must be met for acceptance of an agreement as a Pension Agreement if the agreement covers employees represented by a Non-Western Region Union or is an agreement between the Trustees and a Non-Western Region Union covering the employees of that Union. The Trustees may decline to accept a collective bargaining agreement as a Pension Agreement if acceptance might require a transfer of liabilities from another multiemployer pension plan to the Trust pursuant to section 4235 of ERISA, or they may con- dition acceptance of the agreement on satisfaction of such additional terms and conditions as they may deem appropriate. The terms Western Region Joint Council, Western Region Union and Non-Western Region Union are defined in the Plan. The term Pension Agreement shall include any extension, renewal or replacement thereof. A Pension Agreement shall be considered as being in effect on any date if it provides for Employer Contributions to be made to the Trust Fund with respect to employment on such date. Notwithstanding the foregoing, a written agreement will not be considered a Pension Agreement and an association, indi- vidual, partnership, or corporation shall not be considered as an Employer maintaining the Plan with respect to his employees covered by the written agreement unless and until such agreement is accepted in writing by the Trustees. Such acceptance will be effective retroactive to the effective date of payments to the Trust Fund specified in the agreement u...
PENSION AGREEMENT. MEMORANDUM OF UNDERSTANDING: Between Long Beach Public Transportation Company and Amalgamated Transit Union Local 1277, AFL-CIO: It is hereby understood and agreed that those portions of the Agreement between the parties specifically enumerated under Article 17 entitled "Pension Agreement", are hereby amended as follows:
PENSION AGREEMENT. Employer is a Participating Employer of the UNITE HERE Workers Pension Fund, National Plan, (hereinafter called the “Fund”). The Employer agrees to become a party to the Agreement and Declaration of Trust dated January 14, 1949, as amended, which established the Fund as a jointly administered Union- Management trust fund to provide benefits (in accordance with a written pension plan incorporated herein by reference) for employees of Participating Employers, which term may include the Fund, the Union or subordinate organizations. The Employer further agrees and consents to the Employer-designated Trustees of said Fund to serve as such in accordance with the aforesaid Agreement and Declaration of Trust. The Employer shall contribute to the Fund, on or before the tenth (10th) of each month, an amount per employee, covered by the collective bargaining agreement, as indicated below: 6/1/2013: $0.47 6/1/2014: $0.50 6/1/2015: $0.54 6/1/2016: $0.57 for each hour worked during all payroll weeks ending in the prior calendar month. The Employer shall be required to contribute for new employees beginning the first of the month following the employee’s sixtieth (60th) day of employment. All contributions shall be payable to the UNITE HERE Workers Pension Fund and shall be remitted to the office of the Fund. The Employer shall submit monthly, a list showing the names and Social Security numbers of all employees who are compensated by the Employer during the period covered, the number of hours worked or compensated, and the resulting contributions due (the “Contribution Report”). The Trustees may at any time have an audit made by a duly authorized representative of the payroll and wage and other relevant financial records of an Employer in connection with the said contributions and/or reports. In addition to any other remedies to which the Union or the Fund may be entitled, if the Employer (a) is in default in its contributions for one (1) or more months; (b) is delinquent in submitting a Contribution Report to the Fund for one (1) or more months;
PENSION AGREEMENT. The agreement for a supplementary retirement and/or survival pension, retirement lump sum and/or lump sum death benefit, granted by a pension provider to one or more company managers and/or their rightful claimants. Personal contribution agreement: The agreement which is financed by personal contributions. Premiums: The company's contributions and/or the personals contribution. They may include the risk premiums and the single premiums.
PENSION AGREEMENT. 6.5.1 Pension scheme at the bank The bank has a pension scheme for its employees, former employees and other people with pension rights and entitlements.
