Retirement Adjustment Sample Clauses

Retirement Adjustment. The Member’s retirement income benefit shall be increased on each date as set forth below: Date of the Post-Retirement Adjustment January 1, 2005 January 1, 2007 January 1, 2009 January 1, 2011 January 1, 2013. The pension subject to the increase is the Member’s pension which is payable from the Plan on and after the Date of the Post-Retirement Adjustment. The pension increase shall exclude any temporary bridging supplement. The Pension Increases will be payable on the same form of payment that applies to the member's pension already in the course of payment. For purposes of this section, "Consumer Price Index" means the Canada all-items Consumer Price Index (1992 = 100) as published by Statistics Canada. If, by reason of law or guideline established by a Government Body, the Company is required to provide increases in pension for retired employees, the Company will only be required to increase pensions under this section such that the resulting pension equals the greater of:
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Retirement Adjustment. Effective January 1, 2005, the Pension Plan will be amended to provide a post- retirement adjustment on January 1, 2005 and on January 1, 2007. Effective January 1, 2009, the Pension Plan will be amended to provide a post-retirement adjustment on January 1, 2009, January 1, 2011 and January 1, 2013. Participants eligible for these adjustments are those who were eligible for the post-retirement adjustment provided by the collective agreement that expired on April 30, 2004, as well as all active participants who will retire on or after May 1, 2004. The post-retirement adjustment is equal to the amount of the minimum pension of the participant, excluding the bridging benefit, multiplied by 50% of the increase of the Consumer Price Index for the 12-month period ending in October of the preceding year (rounded to the nearest tenth of one per cent), subject to a maximum 5% adjustment. For calculation purposes, the Consumer Price Index means the all-items index (1992=100) published by Statistics Canada. The calculation of the adjustment is prorated based on the number of months since the commencement of pension payments if the commencement occurred in the twelve (12) months preceding the date of the adjustment.
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Retirement Adjustment. The Member’s retirement income benefit shall be increased on each date as set forth below:
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Retirement Adjustment. Effective January 1, 2005 and for the duration of the collective agreement, active members who retired on or after June 1, 1998 will have their pensions increased on January 1, 2005, 2007, 2009, 2011 and 2013. (last adjustment on January 1, 2013), by fifty percent (50%) of the increase in the Consumer Price Index, if any, subject to a maximum increase of five percent (5%). This increase in the CPI is calculated over the twelve (12) month period ending in October of the preceding year. The first adjustment for a newly retired participant will be multiplied by the ratio of the number of months between his retirement date and the effective date of the first adjustment (maximum 12 months) divided by twelve (12).
Sample 1
Retirement Adjustment. The Member’s retirement income benefit shall be increased on each date as set forth below: Date of the Post-Retirement Adjustment January 1, 2005 January 1, 2007 January 1, 2009 January 1, 2011 January 1, 2013. The pension subject to the increase is the Member’s pension which is payable from the Plan on and after the Date of the Post-Retirement Adjustment. The pension increase shall exclude any temporary bridging supplement. The Pension Increases will be payable on the same form of payment that applies to the member's pension already in the course of payment. For purposes of this section, "Consumer Price Index" means the Canada all-items Consumer Price Index (1992 = 100) as published by Statistics Canada. All retirees retiring on or before September 1, 2021 will receive a one-time adjustment to their lifetime pension. Bridge benefits are not subject to indexation. The pension increase (indexation) would be fixed at 0.2% for all retirees. All retirees will receive the same increase in percentage for the life of their pensions as per plan text. If, by reason of law or guideline established by a Government Body, the Company is required to provide increases in pension for retired employees, the Company will only be required to increase pensions under this section such that the resulting pension equals the greater of:
Sample 1
Retirement Adjustment. 8 ARTICLE 5 LEAV1.N OF ABSENCE 4 Section 5.1 Bereavement Leave 9 Section .5 2 Peisonal Leave................ 4 Section 5 5 Paid Vacation (Annual Leave)................................................. 9 Section 5.4 Jury Duty.................. 10 Section 5.5 All-Purpose Leave (Pair-TimeEmployees) 11 Xxxx ion 5.6 All-Purpose Day (Part-Time Employees Working Less than Twenty (20) Hours Per W'eek) 11 Section 5.7 Atlendance Review II
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Retirement Adjustment. (For members who retired after May 2,1982)No special adjustment will be made to pensions in payment between May and May Between May and May pensions in payment (excluding the bridging supplement) will be increased each year on the anniversary of the pensioner’s retirement date by of the increase in the Consumer Price Index, subject to a maximum increase of No further such adjustment will be made after May Should the introduce a compulsory system this area of private pension plans and which is applicable to Eddy Forest, this pension will be reduced proportionately to the degree it is replaced by the government requirements.
Sample 1
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Related to Retirement Adjustment

  • Payment Adjustments Notwithstanding anything to the contrary in this Article 3, any payment pursuant to this Article: (a) shall be subject to (i) any delay in payment or reduction required by Section 5.2 hereof, and (b) shall be subject to a set-off equal to the gross amount of any current or deferred compensation, including wages, salary, fees, benefits, tangible or intangible property or ownership rights or interests or other property rights, received by Executive or which he becomes entitled to receive in the future as remuneration for services to any Person, business or other entity as a result of, or in exchange for, any work or services performed, or any intellectual property conveyed by Executive, during the Restricted Period (“Remuneration”), provided that the foregoing provision shall in no way limit or impair Executive’s obligations or the Bank’s rights under Article 3 or Article 4 of this Agreement. Executive understands and agrees that the Bank’s set-off rights will accrue, and any set-off pursuant to this provision will be applied to any non-compete payments due (or previously paid or accrued), after the earlier of Executive’s receipt or accrual of Remuneration (the Set-off Date), and if Executive is not entitled to further payments under this Agreement, Executive agrees to refund the setoff amount in full to the Bank within fourteen (14 days) of Executive’s Certification reporting such remuneration or the Set-off Date, whichever is later.

  • Salary Adjustment The salary of an employee returning from uncompensated leave shall be adjusted to reflect all non-discretionary increases distributed during the period of leave. While on such leave, an employee shall be eligible to participate in any special salary incentive programs.

  • Salary Adjustments At any time during the term of this Contract, the Board may, in its discretion, review and adjust the salary of the Superintendent, but in no event shall the Superintendent be paid less than the salary set forth in Section 3.1 of this Contract except by mutual agreement of the two parties. Such adjustments, if any, shall be made pursuant to a lawful Board resolution. In such event, the parties agree to provide their best efforts and reasonable cooperation to execute a new contract incorporating the adjusted salary.

  • Annual Adjustment At the end of each Fiscal Year and following receipt by Manager of the annual accounting referred to in Article 10, an adjustment will be made to such annual account, if necessary and if available, so that the appropriate amount shall have been deposited in the Reserve.

  • Base Rent Adjustment (a) The BASE RENT (subject to adjustment as set forth in Section 1.08(a) above) payable during the EXTENDED TERM, subject to the provisions of part (b) of this Section 3.03, shall be increased from the BASE RENT payable immediately prior to the first month of the EXTENDED TERM to the then fair market rental rate determined in connection with part (b) of this Section 3.03.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • CPI Adjustment In this Contract*, “CPI-Adjusted*” in reference to an amount means that amount is adjusted under the following formula: N = C × (1+ CPIn − CPIc ) CPIc where: ”N” is the new amount being calculated; and “C” is the current amount being adjusted; and

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.

  • Subsequent Adjustments In the event that the Assuming Institution or the Receiver discovers any errors or omissions as contemplated by Section 8.2 or any error with respect to the payment made under Section 8.3 after the Settlement Date, the Assuming Institution and the Receiver agree to promptly correct any such errors or omissions, make any payments and effect any transfers or assumptions as may be necessary to reflect any such correction plus interest as provided in Section 8.4.

  • Base Rent Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

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