Company Pension Plan. “Company Pension Plan” shall mean each Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA.
Company Pension Plan. Section 3.01(l) Company Preferred Stock....................................................................Section 3.01(c) Company SEC Documents......................................................................Section 3.01(e) Company Stock-Based Awards.................................................................Section 3.01(c) Company Stock Options......................................................................Section 3.01(c) Company Stock Plans........................................................................Section 3.01(c) Confidentiality Agreement..................................................................Section 5.02
Company Pension Plan. Employees hired June 1, 1999 or later will become members of the defined contribution provisions of the pension plan on the first of the month following the completion of two years of service. Part time employees hired after June 1, 1999 or later may become members of the defined contribution provisions of the pension plan on the first of the month following the completion of two years of accumulated service. Normal retirement age will be 65 but employees may elect to retire on the first of the month following the attainment of age 55. Employee hired prior to June 1, 1999 will continue to be members of the defined benefit provisions of the pension plan.
Company Pension Plan. 28.01 The Company agrees to provide a pension plan. The pension plan shall not be amended without agreement between the Company and the Union. Details of the pension plan will be available to all employees and to the Union. If during the life of this Collective Agreement the Company decides to either review or replace the existing pension plan then the Union will be consulted and will be permitted to make representations. The pension plan will be non-contributory by the employees. Effective January 1, 2002, the monthly pension accrued to December 31, 2001 for active plan members will be updated based on the plan member's average annual earnings for the preceding five years (1997 through 2001). Ongoing pension credits will be calculated on the average of the plan member's career earnings from January 1, 1997 until retirement. Effective April 1, 2005, the pension benefit payable to an employee retiring on or after his sixtieth (60th) birthday shall be reduced by 0.25%for each month the retirement precedes his sixty-fifth (65th) birthday, prorated for part months.
Company Pension Plan. The Company commits to the following Employer contributions of six percent (6%) to the Company Pension Plan.
Company Pension Plan. 3.10(c) Confidentiality Agreement.................................................1.2(c) control..............................................................9.3(a)(iii) Effective Time............................................................1.5(b) Encumbrance.................................................................3.16
Company Pension Plan. The Company shall have contributed to the Company Pension Plan an amount equal to five million dollars ($5,000,000).
Company Pension Plan. (a) Any agreement entered into between Buyer and/or the Company, on the one hand, and the PBGC on the other hand, shall not require any obligation of any Seller beyond the obligation to provide a capital contribution equal to five million dollars ($5,000,000).
Company Pension Plan. (a) Prior to the Closing Date, the Company shall take or cause to be taken any and all actions, and adopt such necessary resolutions, to terminate the Company’s participation in the Pentegra Defined Benefit Plan for Financial Institutions (the “Company Pension Plan”), effective as of a date no later than the date immediately preceding the Closing Date, and adopt such amendments to the Company Pension Plan to terminate the Company Pension Plan and effectuate the provisions of this Section 5.9.
Company Pension Plan. Employees hired June or later will become members of the defined contribution provisions of the pension plan on the first of the month following the completion of two years of service. Part time employees hired after June or later may become members of the defined contribution provisions of the pension plan on the first of the month following the completion of two years of accumulated service. Normal retirement age will be but employees may elect to retire on the first of the month following the attainment of age Employee hired prior to June will continue to be members of the defined benefit provisions of the pension plan but may elect to transfer their membership effective January to the defined contribution provisions of the pension plan for future service only provided such election is made prior to December and such election is irrevocable.
