Employee Benefit Scheme definition

Employee Benefit Scheme means any compensation or incentive given to the directors or employees of any entity which gives such directors or employees ownership interest in an overseas entity through ESOP or any similar scheme.
Employee Benefit Scheme means any agreement, commitment, arrangement, scheme, custom or practice (in each case whether or not (a) enforceable, (b) a registered pension scheme under the Finance Xxx 0000 and/or (c) funded for in advance) for the payment of any pension, allowance, lump sum or other benefit on or after death, accident, retirement or termination of employment (whether voluntary or not) or during any period of sickness or disablement;
Employee Benefit Scheme means any scheme, arrangement or agreement providing Employee Benefits for any employee, director or self-employed contractors of any of the companies within the Nubiola Group;

Examples of Employee Benefit Scheme in a sentence

  • Verification:The Company has implemented Tide Water Oil Company (India) Limited Employee Benefit Scheme (hereinafter referred to as ‘the Scheme’) including inter-alia provisions relating to Retirement Benefit Scheme (RBS) for the specified employees of the Company in accordance with the Special Resolution passed by the members of the Company through Postal Ballot on 7th January, 2020.

  • If more than one Employee Benefit Scheme of a Company is being managed by Kotak Life under this product, the total fund value across all schemes of that Company for each day shall be used to determine the appropriate Fund Slab and applicable Loyalty Addition percentage of the Fund.

  • Produced a short list of 4 which was discussed with advisers and reduced to 2.

  • EMPLOYEE BENEFIT SCHEME The Key Employee Benefit Scheme (the "2009 Scheme") was adopted by the Board on 31 July 2009 ("Adoption Date").

  • As such following three questions are very relevant under Income tax Act, 1961 in connection with Key man insurance policy.Q. 1 Whether premium paid by employer under Employer Employee Benefit Scheme is deductible as an expenditure to the employer under the Income tax Act, 1961?Q.

  • ChargesThe following charges apply:• Fund Management Charge• Mortality Charge• Surrender Charge These charges are set out in Annexure C.PART IV1.1 The Master Policyholder can make contributions into the Scheme Account to fund the Employee Benefit Scheme liability.

  • The Key Employee Benefit Scheme (the "Scheme") was adopted by the Board on 31 July 2009 ("Adoption Date").

  • Nature or outdoor experiences are only named twice in the curriculum for PE, and it is only mentioned that movement in nature is a central element in daily school activities and that PE teachers must consider the outdoor conditions when planning a lesson outdoors (Erziehungsdirektion des Kantons Bern, 2016).

  • Stock Option: As per Employee Benefit Scheme, as framed and upto such limit as may be declared and implemented from time to time.

  • The Group has no plans to adopt any further long-term incentive schemes in the future, although the Board will keep such schemes in mind in the light of changing legislation.The Group’s Unapproved Employee Benefit Scheme was established to incentivise full-time employees and directors of the Company’s subsidiary, City Group.


More Definitions of Employee Benefit Scheme

Employee Benefit Scheme means an arrangement, fund or scheme set up solely for the purpose of providing any benefit to employees, former employees, directors or former directors of an entity or entities through the acquisition and management of assets, where the participants do not have control over —
Employee Benefit Scheme means a trust, scheme or other arrangement for the benefit of persons who are, or include, 40
Employee Benefit Scheme means the employee benefit scheme of the Company (Regeling variabele salarissen xxxxx termijn) attached as Schedule 4;

Related to Employee Benefit Scheme

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Casual Employee means an employee who has no set hours or days of work and who is normally asked to work as and when required.