Plan 3 Clause Samples

The 'Plan 3' clause defines the specific terms, coverage, and conditions associated with a particular plan or service option labeled as Plan 3 within an agreement. Typically, this clause outlines the benefits, limitations, pricing, and eligibility criteria that distinguish Plan 3 from other available plans, such as different levels of service, coverage amounts, or included features. By clearly specifying what Plan 3 entails, this clause ensures that both parties understand the scope and limitations of the selected plan, thereby reducing misunderstandings and helping parties choose the most appropriate option for their needs.
Plan 3. In addition to the eligibility requirements set forth in 19.2, an employee must meet the following requirements to receive a benefit under Plan 3: (1) The employee must be 58 years of age or older or must be eligible for pension under the “rule of 90” provisions of the Public Employees Retirement Association (PERA).
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Plan 3. The Term-Go Plan allows the Customer to commit to a certain amount of Miovision Platform usage at a discounted rate for the Term noted on the Sales Order Form. At the end of the Term, if the Customer has not used all of their Term-Go Plan, they will have two options: (i) purchase the remaining Miovision Platform usage under a Pre-Paid Plan, at the initial discounted rate, that will expire one year from the date of purchase or (ii) forfeit the discounted rate and pay for their Miovision Platform usage over the Term at the Pay-As-You-Go rate in place at the end of the Term (as determined by Miovision).
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Plan 3 
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Related to Plan 3

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • 125 Plan The Board will maintain a Section 125 plan for premiums only in addition to a flexible account that includes eligible medical expenses and dependent care expenses with participating employees paying whatever the administrative charge is to run the 125 Plan.

  • Plan The Award and all rights of the Participant under this Agreement are subject to the terms and conditions of the provisions of the Plan, incorporated herein by reference. The Participant agrees to be bound by the terms of the Plan and this Agreement. The Participant acknowledges having read and understanding the Plan, the Prospectus for the Plan, and this Agreement. Unless otherwise expressly provided in other sections of this Agreement, provisions of the Plan that confer discretionary authority on the Board or the Administrator do not (and shall not be deemed to) create any rights in the Participant unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board or the Administrator so conferred by appropriate action of the Board or the Administrator under the Plan after the date hereof.

  • Deferral Plan The deferral portion of the plan shall involve an employee spreading four (4) years' salary over a five (5) year period, or such other schedule as may be mutually agreed between the employee and the Hospital. In the case of the four (4) years' salary over a five (5) year schedule, during the four (4) years of salary deferral, 20% of the employee's gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately.

  • Plan Benefits Each year, prior to the annual enrollment period, EMPLOYEES will receive Enrollment information that will outline the benefits offered next calendar year. Information relative to specific health insurance benefits and limitations will be updated regularly and contained in the SPD. In the event there is a conflict between the provisions of the collective bargaining agreement and the SPD, the District's SPD shall control.