Supplemental Income definition
Examples of Supplemental Income in a sentence
Supplemental Income Security Plan and the MDU Resources Group, Inc.
No employee shall be required to retire in order to receive Supplemental Income Protection Plan payments.
In the event of the death of a recipient of Supplemental Income Protection payments before all of the monthly payments to which he/she is entitled have been made, the remaining amount shall be paid to the individual’s estate.
The Company will continue group medical care and dental insurance for three (3) months after layoff or termination under the provisions of the Supplemental Income Protection Plan, on the same basis as the employee had immediately prior to such layoff or termination unless the employee obtains other medical and dental coverage at an earlier date.
Supplemental Income Protection payments for employees who so elect to leave the service of the Company in accordance with this section begin within one month after such employee has left the service of the Company.
An employee's election to leave the service of the Company and receive Supplemental Income Protection benefits must be in writing and transmitted to the Company within fourteen (14) calendar) days from the date the Company makes notification of any such change or surplus in order to be effective and such election may only be revoked within such fourteen (14) calendar day period.
Schedule E – Supplemental Income and Loss................................................................................
Pursuant to the Provisions of my Director Supplemental Income Agreement with Osage Federal Savings and Loan Association of Pawhuska, I hereby elect to have any distribution of the balance in my Deferral Account paid to me in installments as designated below: _____ Lump sum.
In addition to the Supplemental Income Protection payments described above, the employee will receive a compensation payment for any vacation to which they are entitled at the time of leaving Company service.
An employee's election to leave the service of the Company and receive Supplemental Income Protection benefits must be in writing and transmitted to the Company within fourteen (14) calendar days from the date the Company makes the formal offer notification in order to be effective and such election may only be revoked within such fourteen (14) day period.