WELFARE AND PENSION PLANS. In addition to Executive's Base Salary and any incentive compensation and bonuses awarded to Executive hereunder, he (and his family) shall be entitled to participate, to the extent that he is (and they are) eligible under the terms and conditions thereof, in any pension, retirement, hospitalization, insurance, disability or medical service plan generally available to the executive officers of the Company that may be in effect from time to time during the Employment Period. The Company shall be under no obligation to institute or continue the existence of any such employee benefit plan.
WELFARE AND PENSION PLANS. The Corporation and each of its Subsidiaries has adopted all Welfare Plans required by applicable law and each of such plans has been maintained in compliance with such laws in all material respects including, without limitation, all requirements relating to employee participation, funding, investment of funds, benefits and transactions with the Corporation and its Subsidiaries and persons related to them. Neither the Corporation nor any Subsidiary has a material contingent liability with respect to any post-retirement benefit under a Welfare Plan. Neither the Corporation nor any Subsidiary maintains a Pension Plan.
WELFARE AND PENSION PLANS. 17.1 For each of his employees working within the territorial jurisdiction of Locals 700, 721, 736, 765, 786, and 759 the Employer agrees to pay welfare contributions on his behalf to the Ironworkers' Central Welfare Fund.
WELFARE AND PENSION PLANS. 11.01 On behalf of a full-time seniority employee absent for reasons of sickness or accident or personal leave of absence, the Company will continue to contribute the monthly cost for the benefits. However, no contribution will be made for those employees on a personal leave of absence of more than a one (1) month duration.
WELFARE AND PENSION PLANS. Not applicable. Article 17 - Ironworkers' Trade Improvement Plan Not applicable.
WELFARE AND PENSION PLANS. 23.1 The parties hereto have agreements on the subjects of Welfare and Pensions for longshoremen and clerks covered by this Agreement as set forth in the ILWU-PMA Welfare Agreement as amended, and the ILWU-PMA Welfare Fund-Declaration of Trust as amended, the ILWU-PMA Pension Agreement as amended, and the ILWU-PMA Pension Fund-Declaration of Trust as amended.
WELFARE AND PENSION PLANS. 16.01 On behalf of a seniority employee absent by reasons of sickness or accident or personal leave of absence, the company will continue to contribute the contributions for Group Insurance and Registered Retirement Savings Plan for up to 2 years from the date the last day of worked.
WELFARE AND PENSION PLANS. All current language shall be replaced with the following:
WELFARE AND PENSION PLANS. (Article 19.01 – 19.05 is applicable to full-time employees only)
WELFARE AND PENSION PLANS a) Effective May 1, 2022, Employers shall contribute in total: Eight Dollars and Forty-One Cents ($8.41) per hour to the International Union of Operating Engineers, Local 793 Members Life and Health Benefit Trust of Ontario (the “Health Plan”) and to the International Union of Operating Engineers, Local 793 Members Pension Benefit Trust of Ontario (the “Pension Plan”) for each hour earned by each employee in their employ. Effective May 1, 2023, the Employers shall contribute Eight Dollars and Forty-One Cents ($8.41) per hour. Effective May 1, 2024, the Employers shall contribute Eight Dollars and Fifty-One Cents ($8.51) per hour.
