The Benefits Sample Clauses

The Benefits. For Employees hired after April 26, 2007, and once they become eligible for Non- occupational Accident and Sickness benefits, the amount of weekly benefits will be computed by multiplying 18 hours times the current wage rate. For Employees hired prior to April 26, 2007, and once they become eligible for Non- occupational Accident and Sickness benefits, the amount of weekly benefits will be the greater of 18 hours times the current wage rate or the following schedule: Average Hourly Earnings Weekly Benefit Amount Up to $15.99 $320 $16.00 to $18.50 $350 $18.51 to $20.99 $390 $21.00 or more $420 An Employee who is receiving benefits under this Article IV on a date when new maximum benefits become effective, as shown above, will be eligible to receive the new maximum benefits if his or her average hourly earnings qualify for the maximum benefits. The term "average hourly earnings" as used above shall mean the straight time average hourly earnings (shall include available PBP) for the Employee during the most recent pay period in which he or she worked on his or her regular classification and is to be computed by dividing the total hours worked into the total straight time earnings. The amount of weekly accident and sickness benefits otherwise payable will be reduced for each week in excess of 21 weeks of benefits during any one continuous period of disability by:
The Benefits. Administration Manager of Valero shall retain all certificates representing Restricted Stock issued to Employee under the Plan, together with stock powers executed by the Employee pertaining to such Restricted Stock, until the restrictions on such Restricted Stock described in the Plan and this Agreement lapse. The Transfer Agent for the Common Stock of Valero shall be instructed to like effect in respect of such shares.
The Benefits. 1. Any premium cost, for benefits selected by the employee, which are beyond the health medical, the employee will pay via payroll deductions.
The Benefits. The full benefit amount is payable as the result of accidental: • Loss of lifeLoss of speech and loss of hearing • Loss of speech and one of loss of hand, foot, or sight of one eye • Loss of hearing and one of loss of hand, foot, or sight of one eye • Loss of both hands, both feet, loss of sight or any combination thereof Fifty percent (50%) of the Principal Sum is payable for accidental: • Loss of hand, foot, or sight on one (1) eye (any one (1) of each) • Loss of speech or loss of hearing Twenty-five percent (25%) of the Principal Sum is payable for accidental: • Loss of thumb and index finger of the same hand The Company will consider it a loss of hand or foot even if they are later reattached. The Company will pay the single largest applicable Benefit Amount.

Related to The Benefits

  • Examination of the benefit suspension level 1. If the Party complained against considers that the level of benefits suspended is excessive, it may request in writing the original Panel to examine the level of suspension of benefits. If this is not possible, the procedure established in Article 179 (Panel Selection) shall be followed, in which event the periods set out thereof shall be reduced by half (23). 2. This Panel shall issue its ruling within 60 days following the date of the referral of the matter to it. When the Panel considers that it cannot provide its report within this timeframe, it shall inform the Parties in writing of the reasons for the delay together with an estimate of the period within which it will submit its report. Any delay shall not exceed a further period of 30 days unless the Parties otherwise agree. The ruling of the Panel shall be final and binding. It shall be delivered to the Parties and be made publicly available. 3. If the Panel finds that the level of benefits which the complaining Party has suspended is excessive, it shall determine the appropriate level of benefits it considers to be of equivalent effect.

  • Exclusive Benefits Except as expressly provided in this Section 4 and subject to Section 5 hereof, the Executive shall not be entitled to any additional payments or benefits upon or in connection with the Executive’s termination of employment.

  • One Benefit Only Despite anything to the contrary in this Agreement, the Executive and Beneficiary are entitled to one benefit only under this Agreement, which shall be determined by the first event to occur that is dealt with by this Agreement. Except as provided in section 2.5 or Article 3, subsequent occurrence of events dealt with by this Agreement shall not entitle the Executive or Beneficiary to other or additional benefits under this Agreement.

  • Leave Benefits Paid leave is available to the Superintendent when the following specific conditions are met: (1) the Superintendent is currently employed by the District and (2) the paid leave day is taken on a day Superintendent would otherwise be expected to be at work.

  • Voluntary Part-time Benefits Process for payment The Employer agrees to provide part-time nurses with the option of voluntary participation in the extended health care and dental group benefit programs set out in Article 17 provided they meet the threshold number of hours of work for acceptance by the carrier. It is understood and agreed that the part-time nurses who participate will assume the monthly premiums. Any part time nurse who wishes to participate will provide payment of the benefits either through post-dated cheques provided on a yearly basis or through a preauthorized withdrawal process. It is understood that any transaction would be dated the first of each and every month. The Employer will notify the Association of the benefit costs to part time nurses in January of each year, and each time the benefit costs are renegotiated by the Employer.

  • Pregnancy Leave Benefits Definitions

  • Retiree Benefits Employees retiring on or after January 1, 2006 will be eligible for retiree benefits as presented to the Union Negotiation Committee during discussions for renewal of the Collective Agreements that expired December 31, 2002.

  • Part-Time Benefits A part-time employee shall receive in lieu of all fringe benefits (being those benefits to an employee, paid in whole or in part by the hospitals, as part of direct compensation or otherwise, including holiday pay, save and except salary, vacation pay, standby pay, call-in pay, responsibility pay, jury and witness duty, bereavement leave, and pregnancy and parental supplemental unemployment benefits) an amount equal to 14% of his regular straight time hourly rate for all straight time hours paid. For part-time employees who are members of the Hospital's pension plan the percentage in lieu of fringe benefits is twelve percent (12%).

  • General Benefits During the Term of Employment, the Executive shall be entitled to participate in such employee pension and welfare benefit plans and programs of the Company as are made available to the Company's senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, health, medical, dental, long-term disability, travel accident and life insurance plans.

  • Executive Benefits The Executive shall be entitled to participate in all executive benefit or incentive compensation plans now maintained or hereafter established by the Company for the purpose of providing compensation and/or benefits to executives of the Company and any supplemental retirement, salary continuation, stock option, deferred compensation, supplemental medical or life insurance or other bonus or incentive compensation plans. Unless otherwise provided herein, the Executive’s participation in such plans shall be on the same basis and terms as other similarly situated executives of the Company. No additional compensation provided under any of such plans shall be deemed to modify or otherwise affect the terms of this Agreement or any of the Executive’s entitlements hereunder.