Plan Members Sample Clauses

Plan Members. Termination Plan members who terminate membership in the Plan shall have vesting rights and shall be entitled to withdraw their employee contribution balances (required and voluntary) including interest plus the vested portion of their employer contribution balance in accordance with the vesting requirements under the British Columbia Pension Benefits Standards Act as set out under Article 32.10.
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Plan Members. This Letter of Agreement applies to the following FSAs in the Defined Benefit Pension Plan who are entitled to benefits as a result of the June 2018 arbitration award: Xxxxxxx Xxxxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxx Xxxxxx Xxxxx Xxxxx Xxxxxx Xxxxxx Xxxx Xxxx Xxxxx Xxxx Xxxxxxxx Xxxx Xxxxxxx Xxxxxxx Xxxx Xxxxxx Xxxxxxx Xxxxxxxx Xxxxxx Xxxxx McLaren Xxxxxxxx Xxxxxx Xxxx Xxxxxxxx Xxxxx X. Xxxxxx For FSAs who work more than five years from January 1 2018 (the date upon which pension contributions were adjusted and remitted based on the higher rate of pay), there would be no negative impact to pension income because pension income is based on the best five of 10 years’ income. As a result, FSAs will not be required to pay increased pension contributions for the retroactive period, nor will the Employer contributions be retroactively adjusted. For FSAs (age 55 and up) in the DB plan who have retired or who choose to retire between January 1 2018 and December 31 2022, the Employer will work with Morneau Shepell to determine the impact to that individual’s pension income, and the Employer will provide the equivalent amount in an RRSP. This amount will be actuarially calculated to ensure accuracy and to keep those employees whole. Employees who are now retired under the DB Plan are; Xxxxxx Xxxxx Xxxxxxx Xxxxxxxxx Xxxxxx Xxxxxxxx Treatment of Pension for Employees in Money Purchase (MP) Plan This Letter of Agreement applies to the following FSAs in the Money Purchase Pension Plan who are entitled to benefits as a result of the June 2018 arbitration award: Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxxxxx Great West Life will calculate the amount of additional contributions/premiums that the Employer will need to make to compensate for market gains that these employees’ MP plans would have made from October 20 2014 to December 31 2017. The Employer will provide this amount in an RRSP upon retirement. This amount will be actuarially calculated to ensure accuracy and to keep those employees whole. SIGNED THIS DAY OF 2020 ON BEHALF OF KOOTENAY SAVINGS CREDIT UNION SIGNED THIS DAY OF 2020 ON BEHALF OF UNITED STEELWORKERS, LOCALS 9705 & 1 – 405 Xxxxxx Xxxxxx Xxxx Xxxx Xxxxx Xxxxxxx Xxx XxXxxxxx Xxxxx X. Xxxxxx Xxxxx Xxxxxxxx Xxxxxx Xxxxxxxxxx Xxxx Xxxxxxxx Xxxxx Xxxxxx Xxxxxx Xxxx LETTER OF UNDERSTANDING #15 Between KOOTENAY SAVINGS CREDIT UNION And UNITED STEELWORKERS Locals 9705 & 1-405 MEMBER SERVICE CENTRE REMOTE AGENTS This Letter of Understanding replaces the agreemen...
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Plan Members. Payer represents to Synetic that, as of November 30, 1998, Payer provides medical health insurance benefits to at least 1,640,000 plan members.
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Plan Members. The individuals covered by the terms of an OPEB plan. The plan membership generally includes employees in active service, terminated employees who have accumulated benefits but are not yet receiving them, and retired employees and beneficiaries currently receiving benefits. Post-employment: The period between termination of employment and retirement as well as the period after retirement. Post-employment Healthcare Benefits: Medical, dental, vision, and other health-related benefits provided to terminated or retired employees and their dependents and beneficiaries. Select and Ultimate Rates: Actuarial assumptions that contemplate different rates for successive years. Instead of a single assumed rate with respect to, for example, the investment return assumption, the actuary may apply different rates for the early years of a projection and a single rate for all subsequent years. For example, if an actuary applies an assumed investment return of 8 percent for year 2000, 7.5 percent for 2001, and 7 percent for 2002 and thereafter, then 8 percent and 7.5 percent are select rates, and 7 percent is the ultimate rate. Appendix 1 The Actuarial Valuation Process
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Plan Members. Payer represents to Synetic that, as of the Effective Date, Payer provides health insurance benefits or administrative services to at least ______ plan members (including duplicative member coverage).
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Related to Plan Members

  • New Members No person may be admitted as a member of the Company without the approval of the Member.

  • Union Membership Every employee who is now or hereafter becomes a member of the Union shall maintain membership in the Union as a condition of employment, and every new employee whose employment commences hereafter shall, within thirty (30) days after the commencement of employment, apply for and maintain membership in the Union, as a condition of employment, provided that any employee in the appropriate bargaining unit, who is not required to maintain membership or apply for and maintain membership in the Union, shall, as a condition of employment, tender to the Union the periodic dues uniformly required to be paid by the members of the Union.

  • Committee Membership 1. Local representatives on committees specifically established by this Collective Agreement shall be appointed by the local.

  • Initial Members The initial Members of the LLC, their initial capital contributions, and their percentage interest in the LLC are as follows: Members Percentage Interest in LLC Capital Contribution (If any)

  • Single Member The Member (including, for purposes of this Section, any estate, heir, personal representative, receiver, trustee, successor, assignee and/or transferee of the Member) shall not be liable, responsible or accountable, in damages or otherwise, to the Company or any other person for: (i) any act performed, or the omission to perform any act, within the scope of the power and authority conferred on the Member by this agreement and/or by the Statutes except by reason of acts or omissions found by a court of competent jurisdiction upon entry of a final judgment rendered and un-appealable or not timely appealed (“Judicially Determined”) to constitute fraud, gross negligence, recklessness or intentional misconduct; (ii) the termination of the Company and this Agreement pursuant to the terms hereof; (iii) the performance by the Member of, or the omission by the Member to perform, any act which the Member reasonably believed to be consistent with the advice of attorneys, accountants or other professional advisers to the Company with respect to matters relating to the Company, including actions or omissions determined to constitute violations of law but which were not undertaken in bad faith; or (iv) the conduct of any person selected or engaged by the Member. The Company, its receivers, trustees, successors, assignees and/or transferees shall indemnify, defend and hold the Member harmless from and against any and all liabilities, damages, losses, costs and expenses of any nature whatsoever, known or unknown, liquidated or unliquidated, that are incurred by the Member (including amounts paid in satisfaction of judgments, in settlement of any action, suit, demand, investigation, claim or proceeding (“Claim”), as fines or penalties) and from and against all legal or other such costs as well as the expenses of investigating or defending against any Claim or threatened or anticipated Claim arising out of, connected with or relating to this Agreement, the Company or its business affairs in any way; provided, that the conduct of the Member which gave rise to the action against the Member is indemnifiable under the standards set forth herein. Upon application, the Member shall be entitled to receive advances to cover the costs of defending or settling any Claim or any threatened or anticipated Claim against the Member that may be subject to indemnification hereunder upon receipt by the Company of any undertaking by or on behalf of the Member to repay such advances to the Company, without interest, if the Member is Judicially Determined not to be entitled to indemnification as set forth herein. All rights of the Member to indemnification under this Agreement shall (i) be cumulative of, and in addition to, any right to which the Member may be entitled to by contract or as a matter of law or equity, and (ii) survive the dissolution, liquidation or termination of the Company as well as the death, removal, incompetency or insolvency of the Member. The termination of any Claim or threatened Claim against the Member by judgment, order, settlement or upon a plea of nolo contendere or its equivalent shall not, of itself, cause the Member not to be entitled to indemnification as provided herein unless and until Judicially Determined to not be so entitled.

  • VOTES OF MEMBERS 36. On the show of hands every Member present in person shall have one vote. On a poll every Member present in person or by proxy shall have one vote.

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