Supplemental Benefit. The Trustees are to continue one hundred dollar ($100) bonus program as a general obligation of the Pension Trust for the term of this Agreement.
Supplemental Benefit. (a) Subject to the following provisions of this Article III and Section 7.1, if the Officer remains a full-time employee, remains an Eligible Officer until his or her Normal Retirement Date, and subsequently Retires, the Officer shall receive a Supplemental Benefit equal to 60% of the Officer’s Final Average Earnings, reduced by the sum of the monthly benefits payable to the Officer from all of the Pension Plans.
Supplemental Benefit. If the Officer retires at or after age 55 but prior to his or her Normal Retirement Date with ten or more years of Continuous Employment, the Officer shall receive the Supplemental Benefit described in Article III commencing on the first day of the month following the Officer’s retirement from the Company as both an officer and an employee. If the Officer’s Supplemental Benefit begins prior to age 62, the monthly amount shall be reduced by one-quarter of one percent (.25%) for each month by which the date on which the Officer retires precedes his or her Normal Retirement Date. The reduction factors will be applied to the Officer’s Supplemental Benefit prior to any offsets described in Paragraphs 3.1(a)(i), 3.1(a)(ii) and 3.1(a)(iii).
Supplemental Benefit. An employee who is otherwise eligible for sick leave accumulations and who is injured on the job shall be paid to the extent of sixty (60) working days for and within one (1) calendar year following each new and separate injury, in addition to, and prior to, the use of sick leave accumulations, and as a supplement to any minimum benefits due under the State Industrial Insurance Act, except as provided hereafter in this section.
Supplemental Benefit. (a) An employee who commences pregnancy and/or parental or adoption leave pursuant to this agreement and who provides the Employer with proof they have applied for and are eligible to receive employment insurance (EI) benefits, is entitled to supplemental benefits (salary top-up) as follows:
Supplemental Benefit. Employees hired on or after July 1, 2005, are not eligible to receive the “13th Check” supplemental benefit set forth in Municipal Code Sections 24.1502(c) and 24.1503.
Supplemental Benefit. There is no Benefit Amount payable under this Section in respect of Insured Persons described in Categories C & D (School Governors, Volunteers, Helpers / Assistants). If an Insured Person described in Category A (Pupil) or Category B (Employee) sustains Bodily Injury resulting in a Permanent Disability insured under Items 1 to 14 of Section 1 (Serious Injury) and/or Section 3 (Disfigurement or scarring of the Face and Body) and the total Benefit Amount payable reaches the amount stated in the Schedule of Benefits, the Supplemental Benefit stated in the Schedule of Benefits is also payable.
Supplemental Benefit. If the Executive shall continue in the employment of the Corporation until he attains the age of sixty-five (65), the date of such occurrence is hereby established to be June 26, 2010 for purposes hereof (the "Benefit Date"), and he retires from active daily employment with the Corporation not later than the first day of the calendar month coinciding with or next following the Benefit Date, or such later date as may be determined by the Board of Directors of Elco Industries, Inc., in its sole discretion ("Retirement Date"), then the Corporation agrees that it will pay to the Executive an amount equal to the Annual Amount on the first day of the second calendar month following the Executive's Retirement Date (the "Retirement Payment Commencement Date") and on each of the successive fourteen anniversary dates of that date, until he has received a total of fifteen (15) equal payments of the Annual Amount. The aggregate amount of such fifteen (15) equal payments of the Annual Amount is hereinafter referred to as the "Supplemental Benefit". With respect to the Supplemental Benefit:
Supplemental Benefit. If the Officer becomes Disabled prior to his or her termination of employment with the Company and continues to be Disabled until he or she would have been entitled to a Supplemental Benefit under Articles III or IV, the Officer shall be eligible to receive a Supplemental Benefit commencing on the first day of the month following the date on which the Officer ceases to be entitled to disability benefits under the Company’s long-term disability plan (such date hereinafter referred to as the “Cessation Date”). The amount payable under this Article V shall be calculated and paid in the same manner, and shall be subject to the same conditions and limitations, as the benefit described in Article III (if the Cessation Date occurs on or after the Officer’s Normal Retirement Date) or in Article IV (if the Cessation Date occurs prior to the Officer’s Normal Retirement Date but after the Officer’s eligibility for a Supplemental Benefit under Article IV).
Supplemental Benefit. For purposes of this Agreement, “Supplemental Benefit” means an amount calculated as follows: (A) the average annual compensation (excluding bonuses and incentive compensation) received by the Executive from the Bank during the three years of employment affording the highest such average; as reduced by (B) the annual amount paid under the Bank’s qualified defined benefit pension plan or any disability insurance benefits purchased by the Bank; and (C) multiplying such amount by 50% to determine the benefit payable hereunder as a Supplemental Benefit.
