Other Participating Employer Benefits definition

Other Participating Employer Benefits means any benefit paid on retirement, disability, or termination of service (other than Social Security Amounts), which is provided by a Participating Employer by reason of law or otherwise, or is attributable in whole or in part to contributions made or premiums paid by a Participating Employer directly or indirectly, or by reason of taxes paid by a Participating Employer. Other Participating Employer Benefits will also include indemnity payments funded by a Participating Employer, which are payable or paid upon a Participant’s transfer, termination of services or retirement, actuarially adjusted, as appropriate.
Sample 1

Examples of Other Participating Employer Benefits in a sentence

  • For purposes of computing the reductions in Retirement Income required under clauses (A), (B) and (C) of Section 4.01(b)(i) above, any Social Security Amounts and Other Participating Employer Benefits payable to a Regional Pension Participant in a currency other than United States dollars will be converted by the Committee to equivalent United States dollars using such conversion or exchange rate determined in accordance with Section 3.02.

Related to Other Participating Employer Benefits

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Participating Employer means any trade or business (whether or not incorporated) which adopts this Plan with the consent of the Company identified in the Adoption Agreement.

  • Eligible employer means any municipality with a municipal

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Employment benefits means all benefits provided or made

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Qualifying Employee means any employee of Managing Agent or Parent or any of their respective subsidiaries who is and has been an employee of Managing Agent or Parent or any of their respective subsidiaries for at least thirty-six (36) months.

  • Eligible Employees means each employee of the Company or an Affiliate.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • The Employer or “The Purchaser” means the "Registrar General, High Court of Madhya Pradesh, Jabalpur" and the "District Judge" of the District Courts.

  • Termination Benefit means the benefit set forth in Article 7.

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.

  • Eligible Executive means an employee of the Company selected as being eligible to participate in this Plan under Section C.1.a.

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Termination Benefits means the benefits described in Section 4.1(b).