Benefits Accrual Sample Clauses

Benefits Accrual. Benefits shall be accrued on hours worked on overtime or callback hours in addition to regularly scheduled hours to a maximum of 2080 hours in one anniversary year (twelve calendar months).
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Benefits Accrual. To induce the Executive to continue to serve Syntro and SyntroVet in his (her) present capacities, Syntro shall provide the Executive with severance benefits as set forth below, 4
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Benefits Accrual. To induce the Executive to continue to serve Syntro and SyntroVet in his present capacities, Syntro shall provide the Executive with severance benefits as set forth below, unless he is terminated for Executive Cause. The Executive shall be paid severance benefits as set forth in Section 12(c) ("Severance Benefits") upon the following conditions: (1) the termination of his employment with Syntro pursuant to Section 10(a)(1), (3) or (4); or (2) Within one (1) year after there has occurred a "change in control" (as hereinafter defined) the Executive has terminated his employment due to a Syntro Cause, or the Executive's employment is terminated by Syntro or its successor in interest for any reason other than Executive Cause. (b)
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Benefits Accrual. To induce the Executive to continue to serve Wave in his present capacities, Wave shall provide the Executive with severance benefits set forth in Section 11(c) below, if, within one (1) year after there has occurred a "change in control" (as hereinafter defined) the Executive has terminated his employment due to a Wave Cause, or the Executive's employment is terminated by Wave or its successor in interest for any reason other than Executive Cause.
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Benefits Accrual. During the leave, the employee shall not accrue employment benefits such as personal hours, vacation pay, or pension credit. Employment benefits accrued up to the day which the leave begins will not be lost. Upon return to work, service will be credited for the leave period for seniority purposes. Substitution of Paid Leave for Part of Unpaid Leave Employees are required to substitute accrued vacation, personal time, and sickness and accident benefits for any part of the twelve (12) week period. Once available paid leave is used up (except for forty (40) hours of vacation) the remainder of the twelve (12) weeks will be unpaid.
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Benefits Accrual. Seniority, vacation, holidays, and credit toward longevity steps, do not accrue while an employee is on unpaid leave, or leave reimbursed under the Grandfathered Short Term Disability plan.
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Related to Benefits Accrual

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Article 17.03.

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

  • Post-Employment Benefits A. If Employee's employment is terminated by ARAMARK for any reason other than Cause, Employee shall be entitled to the following post-employment benefits:

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • SERP Executive is a participant in the BB&T Corporation Non-Qualified Defined Benefit Plan (the “SERP”). The SERP was formerly known as the Branch Banking and Trust Company Supplemental Executive Retirement Plan. The SERP is a non-qualified, unfunded supplemental retirement plan which provides benefits to or on behalf of selected key management employees. The benefits provided under the SERP supplement the retirement and survivor benefits payable from the Pension Plan. Except in the event the employment of Executive is terminated by the Employer or BB&T for Just Cause and except in the event Executive terminates Executive’s employment for any reason other than Good Reason and such termination does not occur within twelve (12) months after a Change of Control (or, if later, within ninety (90) days after a MOE Revocation), the following special provisions shall apply for purposes of this Agreement:

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