FERP definition

FERP means the Franklin Electric Co., Inc. Retirement Program, as amended and restated effective January 1, 2012, and as further amended from time to time.
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Examples of FERP in a sentence

  • Executive shall be entitled to participate in the ▇▇▇▇▇▇▇▇ Enterprises Retirement Plan ("FERP"), the Supplemental Executive Retirement Plan (“SERP”), 401(k) retirement savings plan, and any life insurance program offered to FELLC’s senior executives.

  • Participants in the Faculty Early Retirement Program (FERP) shall not be required to undergo evaluation unless an evaluation is requested by either the FERP participant or the appropriate administrator (Department Chair or equivalent, as per Academic Senate policy #S14-122).

  • This DPA shall govern the treatment of student data in order to comply with privacy protections, including those found in FERP A and all applicable privacy statutes identified in this DPA.

  • Any FERP participant may request, and shall be granted, a leave of absence without pay for any academic term or terms beginning between July 1, 2009 and June 30, 2010.

  • In aggregate, the employer contribution for the FERP, SERP and 401(k) plans will be 16% of Base Salary each year.

  • Such leave of absence without pay shall not adversely affect future participation in the FERP; specifically, any FERP participant taking such a leave of absence without pay shall be entitled actively to participate in the FERP for a total period of no more than five (5) academic or fiscal years.

  • Participants in the Faculty Early Retirement Program (FERP) shall not be required to undergo evaluation unless an evaluation is requested by either the FERP participant or the appropriate administrator.

  • Employee understands and agrees that participating or planning to participate in the Faculty Early Retirement Program (FERP) or the Pre-Retirement Reduction in Time Base (PRTB) voids their eligibility to participate in the VSIP.

  • Tenured faculty and tenured Librarian faculty who have reached the age of 55 and are eligible for service retirement (five years of full-time service) with CalPERS and/or STRS are eligible to participate in FERP with approval of the President or designee.

  • Such a reduction in time base shall continue for the duration of the FERP appointment.

Related to FERP

  • FERPA means the Family Educational Rights and Privacy Act and its implementing regulations, 20 USC Section 1232g and 34 CFR Part 99, respectively.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Asset Management Plan means a strategic document that states how a group of assets are to be managed over a period of time. The plan describes the characteristics and condition of infrastructure assets, the levels of service expected from them, planned actions to ensure the assets are providing the expected level of service, and financing strategies to implement the planned actions. The plan may use any appropriate format, as long as it includes the information and analysis required to be in a plan as described in Ontario’s Building Together: Guide for Asset Management Plans.