Pension Plan Benefits. (1) The pension benefits accrued by Executive under the Pension Plan and the Excess Plan (the “Company Pension Plans”) shall be paid to Executive in accordance with the terms of such plans.
Pension Plan Benefits. On retirement the Salaried Plan provides a continuing monthly income, for the balance of your lifetime, which is the sum of:
Pension Plan Benefits. During any period of paid leave, the City will pay the employer and employee contributions to CalPERS. Additionally, employees returning from military leave are entitled to pension benefits that accrued during military service and to any CalPERS contributions that would have been made if the employee had not been absent due to military leave. Military leave is not considered a break in service for purposes of pension benefits.
Pension Plan Benefits. On retirement, the DB Hourly Plan provides a continuing monthly income, for the balance of your lifetime, which is a non-contributory pension based on your earnings and service. If you have service under The Algoma Steel Inc. DB Hourly Plan for Salaried Employees, you will receive the benefit you accrued under that plan, in addition to the benefit you earned under the DB Hourly Plan.
Pension Plan Benefits. The Parties agree to work towards the goal where “All members of each Bargaining Unit represented by the Nova Scotia Nurses' Union shall be members of the NSHEPP Pension Plan, subject to the eligibility provisions of the NSHEPP Pension Plan.”
Pension Plan Benefits. Article 3 1 Plant Holidays ................................................................ Article Skilled .................................................. ............. Article Job Evaluation ................................................................
Pension Plan Benefits. The Executive may avail himself of the benefits of a Pension Plan and/or Medical and Dental benefits as are available in the Company or in a subsidiary of Company. 4 - 4 -
Pension Plan Benefits. (a) No assets or liabilities with respect to the Transferred Employees shall be transferred as a result of this Agreement from the defined benefit pension plan maintained by the Company or any of its Subsidiaries for Business Employees and identified as such in Section 7.05(a) of the Company Disclosure Letter (each, a “Company DB Plan”) to any plan or arrangement established by Buyer or any Subsidiary of Buyer, and, as of the Closing, no Transferred Employees shall accrue additional benefits under the applicable Company DB Plan (to the extent such accruals have not already ceased). Benefits accrued by the Transferred Employees under the applicable Company DB Plan through the Closing shall be fully vested as 104 of the Closing and shall be payable to such Transferred Employees pursuant to the terms of, and at the time and in the amounts provided under, the applicable Company DB Plan, as may be amended from time to time.
Pension Plan Benefits. For purposes of this Appendix, the term "Pension Plan Benefits" generally means the benefits actually payable to a Participant, spouse, beneficiary or contingent annuitant under a Pension Plan. However, this Program is only intended to remedy pension reductions caused by the operation of section 401(a)(17) and not reductions caused for any other reason. In those instances where pension benefits are reduced for some other reason, the term "Pension Plan Benefits" shall be deemed to mean the benefits that actually would have been payable but for such other reason. Examples of such other reasons include, but are not limited to, the following: (a) A reduction in pension benefits as a result of a distress termination (as described in ERISA 4041(c) or any comparable successor provision of law) of a Pension Plan. In such a case, the Pension Plan Benefits will be deemed to refer to the payments that would have been made from the Pension Plan had it terminated on a fully funded basis as a standard termination (as described in ERISA 4041(b) or any comparable successor provision of law). (b) A reduction of accrued benefits as permitted under Code section 412(c)(8), as amended, or any comparable successor provision of law. (c) A reduction of pension benefits as a result of payment of all or a portion of a Participant's benefits to a third party on behalf of or with respect to a Participant. APPENDIX C Arxxxx X. Xxxxx Xrogram
Pension Plan Benefits
