Plan Established Sample Clauses
The "Plan Established" clause formally sets out the creation and adoption of a specific plan or policy within an agreement. Typically, this clause identifies the plan by name, outlines its effective date, and may reference attached documents or schedules that detail the plan's terms. By clearly establishing the existence and applicability of the plan, this clause ensures all parties are aware of the governing rules or benefits, thereby providing clarity and a foundation for subsequent rights and obligations under the agreement.
Plan Established. There is established a basic pay plan for all employees of the Employer now employed or who shall in the future be employed in any of the classifications of employment set forth in this Agreement.
Plan Established. A comprehensive employee sickness and disability benefit plan for the employees is hereby established.