Pension Deductions Sample Clauses

Pension Deductions. In the event that Seattle recognizes a Tax Benefit in a Post-Distribution Period with respect to which a payment by Houston to Austin is required pursuant to Section 6.03 of the Austin TMA, Seattle shall make a payment to Houston of the amount of such recognized Tax Benefit within 30 Business Days.
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs
Pension Deductions. Based upon the above compensation amounts the Board shall pay and remit for each eligible employee an amount no greater than a nine percent (9%) contribution of the required pension contribution due to the Illinois Teachers’ Retirement System or an amount no greater than the District’s statutory obligation due the required pension contribution of Illinois Municipal Retirement Fund and any required employer health plan contribution due the Teachers Health Insurance Security Fund.
Sample 1Sample 2
Pension Deductions. In the event that Xxxxxxx actually recognizes a Tax Benefit in a Post-Distribution Tax Period arising from contributions made to the EDS Pension Plan with respect to which a payment by Houston to HP Inc. is required pursuant to Section 6.03 of the Tax Matters Agreement entered into by and between Houston and Hewlett-Packard Company on October 31, 2015 and the addendums thereto, as amended through the date hereof, Xxxxxxx shall make a payment to Houston of the amount of such actually recognized Tax Benefit within 30 Business Days. Tax-Free Status.
Sample 1Sample 2
Pension Deductions. (a) Within one hundred and twenty (120) Business Days after the due date (including extensions) of the Tax Return for any taxable year, if the Maximum Enterprise Pension Tax Benefit (as defined below) exceeds the amount of payments previously made under this Section 6.03(a) (such excess, the “Available Enterprise Pension Tax Benefit”), Enterprise shall make a payment to HP in an amount equal to the lesser of (i) the greater of (x) fifty million dollars ($50,000,000) and (y) the excess of Tax Benefits actually realized by the Enterprise Group for such taxable year and earlier post-Distribution taxable years arising as a result of one or more Pension Contributions made by one or more members of the HP Group following the Distribution, calculated on a “with and without” basis, over amounts previously paid pursuant to this Section 6.03(a), and (ii) the Available Enterprise Pension Tax Benefit. The “
Sample 1Sample 2
Pension Deductions. In the event that any member of the Enterprise Group may realize a Tax Benefit arising a result of a Pension Contribution made by a member of the HP Group following the Distribution, Enterprise shall make a payment to HP within one hundred and twenty (120) Business Days following the realization of such Tax Benefit, in an amount equal to such Tax Benefit, plus interest on such amount computed at the Prime Rate based on the number of days form the date of such actual realization of the Tax Benefit to the date of payment of such amount under this Section 6.04. In the event that any member of the HP Group may realize a Tax Benefit arising a result of a Pension Contribution made by a member of the Enterprise Group following the Distribution, HP shall make a payment to Enterprise within one hundred and twenty (120) Business Days following the realization of such Tax Benefit, in an amount equal to such Tax Benefit, plus interest on such amount computed at the Prime Rate based on the number of days form the date of such actual realization of the Tax Benefit to the date of payment of such amount under this Section 6.04.
Sample 1

Related to Pension Deductions

  • Union Deductions All employees who are covered by the certification with the Union shall, as a condition of continuing employment, authorize a deduction from their pay cheques of the amount of the dues, levies and assessments payable to the Union by a member of the Union. The Employer shall provide a copy of the authorization form, which has been forwarded by the Union, to each new employee. Upon receipt of written notice from the Union, the Employer shall terminate the services of any employee who does not authorize the deduction as above. The Employer agrees to deduct the amount of the Union dues, levies and assessments payable to the Union by an employee in the Union’s bargaining unit. The Union shall inform the Employer in writing of the amount to be deducted from each employee. The Union shall advise the Employer in writing sixty (60) calendar days in advance of any change in the amount to be deducted. The Employer shall remit such dues, levies and assessments to the Union within twenty-eight (28) calendar days from the date of deduction, together with a written statement containing the names of the employees for whom the deductions were made and the amount of each deduction. The Employer shall supply each employee, without charge, a receipt for income tax purposes shown on the T4 slip in the amount of the deductions paid to the Union by the employee in the previous year. Such receipts shall be provided to the employee prior to March 1 of the succeeding year. Deductions for levies and assessments shall be a percentage of wages.

  • Voluntary Deductions A. The Employer agrees to deduct from the wages of any employee who is a member of the Union a DRIVE and/or a Teamsters Legal Defense Fund deduction as provided for in a written authorization. Such authorization must be executed by the employee and may be revoked by the employee at any time by giving written notice to both the Employer and the Union. The beginning and/or termination of this deduction will coincide with the payroll cycle. The Employer agrees to remit any deductions made pursuant to this provision to the Union together with a report showing:

  • Union Dues Deductions It shall be a condition of employment for all Nurses in the Bargaining Unit, that dues be deducted from their bi-weekly salary in the amount determined by the Union. The deductions for newly employed Nurses shall be in the first pay period of employment. The dues shall be submitted monthly to the Union together with a list of the Nurses from whom the deductions were made.

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

  • Dues Deductions 47. Dues deductions, once initiated, shall continue until the authorization is revoked in writing by the employee. For the administrative convenience of the SFMTA and the Association, an employee may only revoke a dues authorization by delivering the notice of revocation to the Controller during the two week period prior to the expiration of this Agreement. The revocation notice shall be delivered to the Controller either in person at the Controller's office or by depositing it in the U.S. Mail addressed to the Payroll/Personnel Services Division, Office of the Controller, Xxx Xxxxx Xxx Xxxx Xxxxxx, 8th Floor, San Francisco, CA 94103; Attention: Dues Deduction. The SFMTA shall deliver a copy of the notices of revocation of dues deductions authorizations to the Association within two (2) weeks of receipt.

  • Salary Deductions Salaried employees (E-level classifications) who are permanently assigned to full-time job classifications are paid on a bi-weekly salary basis. Salaried employees are paid a bi-weekly salary based on a minimum of two (2) forty (40) hour workweeks. The bi-weekly salary received by salaried employees will not be reduced regardless of the number of hours the salaried employee actually works in any week in which the salaried employee performs any work except for the following deductions:

  • Union Dues Deduction The Company will deduct union dues from new employees who have worked a minimum of forty (40) hours.

  • Credit Union Deductions The Employer agrees to honor Credit Union deduction requests for members who have properly signed and executed the payroll deduction form. Such deduction shall remain in effect until the Employer is properly notified in writing by the employee of any change.

  • Employee Deductions A. Upon receipt of a written authorization voluntarily executed by an employee, the County will deduct monthly Association dues, if any, from the salary of an employee who so requests, and transmit said monies to the Association. The parties shall agree upon the form of the written authorization.

  • Withholdings; Deductions The Company may withhold and deduct from any benefits and payments made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling and (b) any deductions consented to in writing by Employee.

Time is Money Join Law Insider Premium to draft better contracts faster.