Benefit Increases Sample Clauses

Benefit Increases. Benefit payments may be increased as provided in Section 2.1.3.
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Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company's Board of Directors, in its sole discretion, may increase the benefit.
Benefit Increases. Commencing on the first anniversary of the first benefit payment and continuing on each subsequent anniversary of that date, this annual benefit shall increase by three percent (3%) from the immediately preceding anniversary date.
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the benefit shall be increased by the percentage increase in the Consumer Price Index for the calendar year ending immediately prior to said anniversary date for the same period with a minimum annual increase of 3% and a maximum annual increase of 5%.
Benefit Increases. Effective for the Plan Year commencing February 2, 2018, and for each subsequent Plan Year during the term of this Agreement:
Benefit Increases. The Company's Board of Directors reserves the right to increase the lump sum Disability Benefit or to authorize additional Disability Benefit payments.
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Bank’s Board of Directors, at its sole and absolute discretion, may increase the benefit; however, any increase in such benefit due hereunder shall require the recalculation of all the amounts on Schedule A attached hereto.
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Benefit Increases. If a Participant leaves the jurisdiction of one of the signatory Plans and the benefit level in that Plan is later increased, benefits from that Plan shall be computed at the benefit level in effect at the time the Participant last earned Pension Credit under that Plan.
Benefit Increases. During negotiations in 2022 the Employer advised that as of October 31, 2021 there was a surplus of $18759.58 in the benefits account. As a result of that surplus benefit costs were not increased for the following year. The parties agreed during negotiations to defer the discussion on benefit increase until the later in 2022 when the new potential surplus costs are reported. The parties have agreed to meet in late 2022 to discuss the re-allocation of potential surplus funds should they exist in effort to increase different areas of the benefit plan. Any increases to benefits will be mutually agreed between the parties however Dental benefits have been tagged as a priority.
Benefit Increases. Benefit payments may be increased as provided in Section 2.1.3. Monterey Bay Bank Salary Continuation Agreement
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