YOUR BENEFIT Sample Clauses

YOUR BENEFIT. 2 Benefit Increases and Decreases................................................................................................. 3 Rehire.......................................................................................................................................... 3
Sample 1
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YOUR BENEFIT. The Software Support purchased by You is intended for use by You and only for Your benefit and only for properly licensed Software. Any unauthorized use of the Software or Software Support will be deemed to be a material breach of this Agreement.
Sample 1
YOUR BENEFIT. 2 Benefit Increases....................................................................................................................... 3 Rehire........................................................................................................................................ 3 VESTING...................................................................................................................................... 3 General Rule............................................................................................................................. 3
Sample 1
YOUR BENEFIT. Your benefit under the Plan is expressed as an annual benefit, payable when you attain age 60, after your employment has terminated. Your Participation Agreement sets forth the benefit amount. The annual benefit is subject to forfeiture until it becomes fully vested. The vesting rules are described beginning on page 3. Unless you elect a different form of payment (as described under "Form of Benefit," beginning on page 7), you will receive monthly payments, equal to 1/12 of the vested portion of your annual benefit, for 15 years.
Sample 1
YOUR BENEFIT. 2 Benefit Increases........................................................................................................................ 3 VESTING..................................................................................................................................... 3 General Rule............................................................................................................................... 3 Forfeiture.................................................................................................................................... 3 Payments from the Plan.............................................................................................. 3 Timing of Distributions.............................................................................................................. 3 Form of Payment........................................................................................................................ 3 Commencing Distribution and Making an Election................................................................... 4 Disability............................................................................................................................... 5
Sample 1
YOUR BENEFIT. If your device shuts down - you are on the safe side with the Repair service contract. Stand-by services during our business hours are included, meaning that repairs can be done quickly. Production downtime can be reduced thanks to quick assistance provided by our remote support service – without technician lead time and travel time. Additionally benefit from time savings. Another advantage you can expect from the Repair service contract is the use of Bizerba spare parts. The use of high- quality and tested original Bizerba spare parts increases the life span and working life of the devices, providing more reliable availability and greater economic viability. The desire for a simple payment method, predictable costs, cost control and transparency is provided with this type of contract as internal costs and time are saved if you take advantage of the repair contract. Bizerba Service is a competent partner, who knows the ins and outs of your situation and your requirements and can respond to them individually and personally. With the Repair service contract from Bizerba you gain a reliable and proactive partner and solution provider as the central body to register your requirements. Get the maximum benefit from Bizerba technicians' professional process and industry know-how. Thanks to the Bizerba principle "Everything from a single source" you will be in good hands and can focus on your core competence. Special features By using original Bizerba spare parts you meet the warranty claim for devices and systems. The provision of rental equipment, in as far as available, included in the scope of services quickly bridges any downtime. Standstill periods and sales losses are reduced to a minimum. Our in-house established information management makes sure our service technicians are always informed and up to date on all the hygiene and security regulations. Options – Wear and tear parts included – Service Level Agreement (SLA): Extended availability means that the stand-by service adjusts their availability by up to 24 hours, seven days a week to your individual production times. And the reaction time that you define to ensure quick and competent maintenance guarantees and ensures for shorter production downtime. – Runtime between 12 and 60 months Bizerba SE & Co. KG Xxxxxxx-Xxxxx-Xxxxxx 00 72336 Balingen T +00 0000 00-0 fax: +00 0000 00-0000 xxxxxxxxx@xxxxxxx.xxx
Sample 1
YOUR BENEFIT. Your benefit under the Plan is expressed as an annual benefit, payable for 15 years starting at age 65. Your Participation Agreement sets forth the benefit amount.* However, as explained under “Reduction for Starting Payments Before Age 65,” below, the amount of your annual benefit is subject to reduction if payments start before you reach age 65. Your benefit is subject to forfeiture until it becomes fully vested. The vesting rules are described under “Vesting and Forfeiture,” below. Also, special rules apply after a Change of Control. (See “Change of Control,” below.) *If your participation in the Plan was approved before August 1, 2014, your benefit is expressed as annual benefit payable starting at age 60, and your Participation Agreement may provide for payment over 10 years. SENIOR EXECUTIVE RETIREMENT INCOME PLAN SENIOR EXECUTIVE RETIREMENT INCOME PLAN BENEFIT INCREASES AND DECREASES The amount of your benefit may be increased or decreased from time to time. Any change in your benefit will be set forth in an amendment to your Participation Agreement or in a new Participation Agreement. Any increase in your benefit will be prospective and will be subject to special vesting rules (described under “Vesting and Forfeiture,” below). If it becomes fully vested, your annual benefit under the Plan will be the sum of — • the benefit stated in your initial Participation Agreement; plus • each subsequent increase. Each benefit increase vests separately. For more information, see “Vesting and Forfeiture,” below.
Sample 1
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Related to YOUR BENEFIT

  • Survivor Benefits 1. A surviving dependent of a retiree who was eligible to receive a Retiree Medical Grant, as stated above in A through C, and who qualifies for a monthly allowance shall be eligible for fifty (50) percent of the Grant authorized for the retiree.

  • Disability Benefit If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement.

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Severance Benefit If the Employee’s employment is terminated by the Company for any reason other than Cause (as defined below) or if the Employee terminates his/her employment for Good Reason (as defined below), the Company shall provide Employee with the following:

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Regular Benefits The Executive shall also be entitled to participate in any and all employee benefit plans, medical insurance plans, life insurance plans, disability income plans, retirement plans, bonus incentive plans and other benefit plans from time to time in effect for senior executives of the Employer. Such participation shall be subject to (i) the terms of the applicable plan documents, (ii) generally applicable policies of the Employer and (iii) the discretion of the Board of Directors of the Employer or any administrative or other committee provided for in or contemplated by such plan.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one) ☐ - DO NOT have retirement plans. ☐ - HAVE retirement plans. The Couple has the following retirement plans: (“Retirement Plans”). Upon signing this Agreement, the Retirement Plans shall be owned by: (check one) ☐ - Husband ☐ - Wife ☐ - Both Spouses ☐ - Other. .

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • Death Benefit Should Employee die during the term of employment, the Company shall pay to Employee's estate any compensation due through the end of the month in which death occurred.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

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