Retirement Programs. The Company agrees to provide Employees with the benefits under the Magna Group of Companies Retirement Savings Program as set out in the Employee Retirement Savings Program Booklets.
Retirement Programs. 14.01 All employees will be eligible to participate in the Festival’s Group RRSP program (the “RRSP”) in accordance with the following:
Retirement Programs. A. Indiana Teacher Retirement Fund Contributions are discontinued at the time of termination. Contributions may be left on account or withdrawn after separation, based upon the individual vesting status of the teacher.
Retirement Programs. 497 1. Employees may participate in one (1) of the following retirement programs:
Retirement Programs. The Employer shall continue contributions to the several retirement programs available to employees at the rate authorized by law, and employees shall continue to be eligible for those retirement benefits and allowances permitted by law.
Retirement Programs. Defined contribution retirement plans will be provided, under the existing Magna Retirement Savings Program (including the Employee Equity and Profit Participation Program and the Group RRSP). Work rules: • Work rules shall provide for flexible and efficient operations that recognize that the success of the company is dependent on its ability to respond quickly to changing business requirements. • Provisions will focus on operating strategies that increase manufacturing capacity, reduce product cost, and enhance quality, while ensuring adequate predictability and safety for employees. Hours of work, vacation: • Hours of work will be determined to address both the operational requirements of Divisions and the needs of employees for adequate time off. • Employees shall receive access to paid vacation time and other opportunities for time off consistent with the principles of the Magna Employee’s Charter and the FFA. Seniority: • The contract will define rights to post for job openings and shall provide for other normal seniority rights. Layoffs and transfers: • As each Magna facility operates as a separate business unit, there is no automatic right to transfer or bump between facilities, whether CAW-represented or otherwise. • Any movement between facilities must meet the job-selection criteria of the accepting facility. • Any employee laid off at a CAW-represented facility shall have first opportunity to fill a vacant position at any other CAW-represented facility, on a seniority basis, provided that they possess adequate skills and meet minimum requirements for the job. No strike-no lockout • Neither party shall utilize any “economic sanctions” to force its position on the other party for any reason • No employee or group of employees shall individually or through concerted action, take part in any activity that impedes the operation of the business • Any employee or group of employees who participate in such unauthorized activity shall be subject to immediate dismissal, unless mitigating circumstance exist which are satisfactory to the ERRC • The parties shall negotiate the resolution of all issues in good faith • Any issue regarding the National Agreement unable to be resolved through negotiation shall be referred to the Neutral for binding arbitration on the basis of final offer selection Joint committees: • The parties shall establish such joint committees as the ERRC shall deem appropriate to deal with such matters as health and safety, environment, a...
Retirement Programs. In the event of a Termination as a result of a Change in Control, Executive shall continue to accumulate benefit service as an employee under the Company's Cash Balance Pension Plan, 401(k) Plan, and the Supplemental Executive Retirement Plan shall continue for a period of 12 months from the date of Termination as a result of Change in Control.
Retirement Programs. 44.1 Members of the Bargaining Unit shall participate in the State Teachers Retirement System of Ohio, R.C. Chapter 3307, or the Alternative Retirement Plan (ARP), R.C. Chapter 3305, with eligibility and contributions as determined by regulations of said retirement systems. The election of whether to participate in STRS or, in the alternative the ARP, is irrevocable and cannot be changed while the Bargaining Unit member is employed at Central State University.
Retirement Programs. No Reportable Event has occurred and is continuing with respect to any Plan.
Retirement Programs. 8.1 The Board will pay up to 9.4% of the employees’ contribution on behalf to the State of Illinois Teacher’s Retirement System.
