Company Pension Sample Clauses

Company Pension. All employees who have completed one (1) full year of service with the Company shall be entitled to participate in the Group Registered Retirement Saving Plan established on January 01, 1998. The Company’s contribution to the Plan will be thirty (30) cents per hour. These contributions will be paid on all hours worked or paid, including overtime hours, but shall not be computed on a premium basis. The Company’s contribution to the Plan will be for employees on the active payroll of the Company only and employees on Workers Compensation, Weekly Indemnity, Long Term Disability or any type of Leave of Absence will be excluded. The employees’ contribution to the Plan will be by Payroll deductions and must match the Company’s contribution. Employees may exceed the minimum to the limit allowed under Federal Legislation. The Plan will provide:
Sample 1
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Company Pension. You will be covered under the Amcor White Cap Company pension scheme for managers, which foresees currently a pension of 1,2% of final base salary per year of service (up to a maximum of 36%). Details will be confirmed in a separate contract. Alternatively, you can elect a private pension arrangement. The Company will pay up to Euro 12.000 per year into such an arrangement. By December 31, 2004 you have to advise us which company pension arrangement you choose.
Sample 1
Company Pension. You will receive a statement of your accrued pension benefits under the Company's Group Personal Pension Plan and the options available to you for dealing with the accrued sums.
Sample 1
Company Pension. The company will continue to pay 15% of the employee’s base salary into the external pension plan with Allianz insurance until December 31, 2021. The Allianz insurance will pay directly to the employee either a lumpsum or a monthly rent after he reaches the retirement age.
Sample 1
Company Pension. The Managing Director will be eligible to an operational pension scheme in its current version.
Sample 1
Company Pension. (1) The parties mutually agree to amend and rephrase Article 4.6 para 2 of the MDEA as follows: “The Annual Pension shall be in the amount of €33.500, and shall be paid in twelve (12) equal monthly installments commencing the month following the month during which the last one of the following conditions has been satisfied:
Sample 1
Company Pension. The Purchasers shall cause the Swiss Company to maintain, for a period of two years following the Closing Date, a pension plan for the Swiss Transferred Employees (including the U.S. Transferred Employees and the UK Transferred Employees who are beneficiaries under the Swiss Pension Plans) which is in the aggregate not less favorable than the plan(s) carried and/or funded by the Swiss Company immediately prior to the Closing Date (the "Swiss Pension Plans"). In any event and for an unlimited period of time, the Purchasers shall cause the Swiss Company to maintain a pension plan for the employees of the Swiss Company in accordance with the statutory minimum requirements under Swiss law. In particular, the Purchasers shall cause the Swiss Company to pay any such contributions and make any such deductions for the payment of such contributions as are required under such pension plans and under the law.
Sample 1
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Related to Company Pension

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, the Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time to time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, the Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time to time by the Company for the benefit of its senior executives.

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • No Pension Plans Neither the Company nor any current or past ERISA Affiliate has ever maintained, established, sponsored, participated in, or contributed to, any Pension Plans subject to Title IV of ERISA or Section 412 of the Code.

  • Employees; Benefit Plans (a) Following the Closing Date, BHB may choose to maintain any or all of the LSBG Benefit Plans in its sole discretion. Effective no later than the day immediately preceding the Closing Date, LSBG shall terminate any LSBG Benefit Plans for which participant consent is not required and that BHB has requested to be terminated by providing written notice to LSBG at least fifteen (15) days prior to the Closing Date. No later than the day immediately preceding the Closing Date, LSBG shall provide BHB with evidence that such LSBG Benefit Plans have been terminated. However, for any LSBG Benefit Plan terminated for which there is a comparable BHB Benefit Plan of general applicability (other than the defined benefit pension plan or any nonqualified deferred compensation plans or arrangements maintained by BHB), BHB shall take all reasonable action so that employees of LSBG shall be entitled to participate in such BHB Benefit Plan to the same extent as similarly-situated employees of BHB (it being understood that inclusion of the employees of LSBG in the BHB Benefit Plans may occur at different times with respect to different plans). BHB shall cause each BHB Benefit Plan in which employees of LSBG are eligible to participate to take into account for purposes of eligibility and vesting under the BHB Benefit Plans (but not for purposes of benefit accrual) the service of such employees with LSBG and its Subsidiaries to the same extent as such service was credited for such purpose by LSBG (other than for the defined benefit pension plan or any nonqualified deferred compensation plans or arrangements maintained by BHB); provided, however, that such service shall not be recognized to the extent that such recognition would result in a duplication of benefits. Nothing herein shall limit the ability of BHB to amend or terminate any of the LSBG Benefit Plans or BHB Benefit Plans in accordance with their terms at any time; provided, however, that BHB shall continue to maintain the LSBG Benefit Plans (other than stock-based or incentive plans and the defined benefit pension plan and any nonqualified deferred compensation plans or arrangements) for which there is a comparable BHB Benefit Plan until the LSBG Employees are permitted to participate in the BHB Benefit Plans, unless such BHB Benefit Plan has been frozen or terminated with respect to similarly-situated employees of BHB or any Subsidiary of BHB.

  • Employment Benefit Plans Employee may participate in employee benefit plans in which other similarly situated employees may participate, according to the terms of applicable policies and as stated in the Employee Handbook. Employee acknowledges receipt of the Employee Handbook available on the intercompany website and will review and abide by its terms.

  • Normal Retirement Benefits A Participant shall be entitled to receive the balance held in his or her account upon attaining his or her Normal Retirement Age or at such earlier dates as the provisions of this Article VI may permit. If a Participant elects to continue working past his or her Normal Retirement Age, he or she will continue as an active Participant. Unless the Employer elects otherwise in the Adoption Agreement, distribution shall be made to such Participant at his or her request prior to his or her actual retirement. Distribution shall be made in the normal form, or if elected, in one of the optional forms of payment provided below.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

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