JOB AND INCOME SECURITY Sample Clauses

JOB AND INCOME SECURITY. 1. Definitions
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JOB AND INCOME SECURITY. (a) The terms "plant closing" and "to close a plant" mean the announcement and carrying out of a plan to terminate and discontinue either all Company operations at the Evendale, Ohio plant or those Company operations at the Evendale, Ohio plant which would result in the termination of all employees represented by the Union when these employees do not have displacement rights. Such terms do not refer to the termination and discontinuance of only part of the Company's operations at the Evendale Plant, except as specifically provided in the paragraph above, nor the termination or discontinuance of all of its former operations coupled with the announced intention to commence there either larger or smaller other operations. Any employees released by such latter changes will be considered as out for lack of work and will be subject to provisions applicable to those on layoff. Also, such terms do not refer to the transfer or sale of such operations to a successor employer who offers continued employment to Company employees. Company employees who are not offered continued employment by the Company or by the successor employer will be considered as out for lack of work and will be subject to provisions applicable to those on layoff.
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JOB AND INCOME SECURITY. SERO job‐loss protection benefit renewed through the term of the contract • Protects employees age 55‐59 with at least 25 years Pension Qualification Service (PQS) who are affected by a permanent job‐loss event. SERO 30 protection renewed through the term of the contract • Protects UE members under age 55 with at least 30 years of PQS who are directly impacted by a permanent job‐loss event that results in a layoff or a pay rate reduction of 18% or more in a 12‐month period. Plant Closing Pension Option (PCPO) protection renewed through the term of the contract • Protects eligible UE members affected by plant closings, including those under age 50 with at least 30 years of PQS. Employees eligible for PCPO and direct impact SERO and SERO 30 receive: • Immediate unreduced pension with all negotiated pension improvements; • Enhanced Regular and Special Supplements; and • Other benefits available to similarly situated retirees, including life insurance and company‐subsidized pre‐65 health and dental coverage. Special Supplement Benefit Option (SSBO) • SSBO renewed for employees who are age 59 or younger who do not elect to take a SERO or PCPO and are affected by a permanent job‐loss event on or after June 30, 2015, and on or before July 1, 2019. • Benefit increased to $425 per month, from $400. Job Security Improvements • A Transfer of Work not completed within 18 months after the announced date of the transfer authorizes the Union to request a new 30‐day decision bargaining about completing the remaining work more cost‐effectively than at the other location(s). • The Job Preservation and Growth Committee will meet annually to discuss insourcing opportunities at sites with more than 25 employees for subcontracted jobs. • New Subcontracting Notice provision requires the company to give 14 days’ notice to UE prior to sub‐contracting or farm‐out of production work even though there is no job loss. The Union can request a 14‐day bargaining period in which local officers/stewards can make the case to keep the work in‐house. • The National Union, Local Union leaders, and GE Corporate representatives will hold an annual meeting to discuss the state of the business at each site. • Employees affected by a plant closing shall have the right to have their plant closing date advanced in order to assume Preferential Placement and accept placement if their original plant closing date has been exceeded by 12 months. Preferential Placement • Employees may designate up to 12 lo...
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JOB AND INCOME SECURITY. 11.1 In the event that the Company decides to:
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JOB AND INCOME SECURITY. Replace current with:
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JOB AND INCOME SECURITY. XXXXXX recognises that job security is essential to employees' well being and acknowledges that it has a responsibility, with the co- operation of the Union to provide long term stable employment and income security to its employees. The long-term achievement of job and income security is directly linked to XXXXXX'x ability to produce at industry competitive levels in relation to productivity and cost and to achieve levels of profitability commensurate with funds invested. The Union's commitments in this Agreement are a significant step towards the basis for such long-term stability. XXXXXX also recognises that the job and income security of employees is equally important in providing a stable and secure employment environment. XXXXXX has sought and will continue to pursue a policy to minimising the potential impact on employees created by market fluctuations and disruptions of supplier deliveries. XXXXXX will continue to take measures which may include the re-allocation of work, rescheduling of production and other measures, including specific purpose training or retraining where practicable, that may be available to minimise the loss of employee income. Additionally in seeking the application of Continuous Improvement within the organisation, any employee who is displaced by such improvements will be retained and/or offered re-allocation to other productive employment within XXXXXX which is appropriate and of a similar level. No redundancies will directly result from Continuous Improvement activities as defined in this Agreement and any excess labour that may occur will be handled by transfers and/or natural attrition.
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JOB AND INCOME SECURITY. A. SERO/SERO 30: Provide a Special Early Retirement Option for Employees Impacted by a “Permanent Job Loss Event”
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JOB AND INCOME SECURITY. Section 1
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JOB AND INCOME SECURITY 
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Related to JOB AND INCOME SECURITY

  • How Are Contributions to a Xxxxxxxxx Education Savings Account Reported for Federal Tax Purposes? Contributions to a Xxxxxxxxx Education Savings Account are reported on IRS Form 5498-ESA.

  • Deductions from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days (exclusive of holidays) absent for sick leave.

  • How Are Distributions from a Xxxxxxxxx Education Savings Account Taxed For Federal Income Tax Purposes? Amounts distributed are generally excludable from gross income if they do not exceed the beneficiary’s “qualified higher education expenses” for the year or are rolled over to another Xxxxxxxxx Education Savings Account according to the requirements of Section (4). “Qualified higher education expenses” generally include the cost of tuition, fees, books, supplies, and equipment for enrollment at (i) accredited post-secondary educational institutions offering credit toward a bachelor’s degree, an associate’s degree, a graduate-level or professional degree or another recognized post-secondary credential and (ii) certain vocational schools. In addition, room and board may be covered if the beneficiary is at least a “half-time” student. This amount may be reduced or eliminated by certain scholarships, qualified state tuition programs, HOPE, Lifetime Learning tax credits, proceeds of certain savings bonds, and other amounts paid on the beneficiary’s behalf as well as by any other deductions or credits taken for the same expenses. The definition of “qualified education expenses” includes expenses more frequently and directly related to elementary and secondary school education, including the purchase of computer technology or equipment or Internet access and related services. To the extent payments during the year exceed such amounts, they are partially taxable and partially non-taxable similar to payments received from an annuity. Any taxable portion of a distribution is generally subject to a 10% penalty tax in addition to income tax unless the distribution is (i) due to the death or disability of the beneficiary, (ii) made on account of a scholarship received by the beneficiary, or (iii) is made in a year in which the beneficiary elects the HOPE or Lifetime Learning credit and waives the exclusion from income of the Xxxxxxxxx Education Savings Account distribution. You may be allowed to take both the HOPE or Lifetime Learning credits while simultaneously taking distributions from Xxxxxxxxx Education Savings Accounts. However, you cannot claim a credit for the same educational expenses paid for through Xxxxxxxxx Education Savings Account distributions. To the extent a distribution is taxable, capital gains treatment does not apply to amounts distributed from the account. Similarly, the special five- and ten-year averaging rules for lump-sum distributions do not apply to distributions from a Xxxxxxxxx Education Savings Account. The taxable portion of any distribution is taxed as ordinary income. The IRS does not require withholding on distributions from Xxxxxxxxx Education Savings Accounts.

  • Deduction from Sick Leave A deduction shall be made from accumulated sick leave of all normal working days absent for sick leave.

  • When Must Distributions from a Xxxxxxxxx Education Savings Account Begin? Distribution of a Xxxxxxxxx Education Savings Account must be made (or otherwise will be deemed made) no later than 30 days from the earlier of the beneficiary’s death or attainment of age 30. A distribution from a Xxxxxxxxx Education Savings Account may be rolled over to another beneficiary’s Xxxxxxxxx Education Savings Account according to the requirements of Section (4). Note that the Economic Growth and Tax Relief Reconciliation Act of 2001 waives the distribution age limitation if the beneficiary of the Xxxxxxxxx Education Savings Account is a “Special Needs” student.

  • Pay for Unused Sick Leave Unused sick leave not to exceed 70 days will be paid at the rate of $50 per day when the teacher retires or leaves U.S.D. 506 employment, provided the teacher has a minimum of 10 years of service in U.S.D. 506. Article VI: Activity Ticket Each teacher of U.S.D. 506 shall be issued an activity ticket, which shall be honored at all regular school functions held within the district. Said ticket shall not be honored at basketball tournaments and special events. Said ticket shall be honored for employee, spouse, and children who have not yet graduated from high school. The Board of Education will have an expectation that those teachers in attendance at school functions will assume a reasonable amount of general supervision as needed.

  • Disclosure Statement for Xxxxxxxxx Education Savings Accounts 1. Who is Eligible for a Xxxxxxxxx Education Savings Account? Anyone may contribute to a Xxxxxxxxx Education Savings Account regardless of his or her relationship to the beneficiary. The beneficiary of a Xxxxxxxxx Education Savings Account

  • CONTRIBUTIONS WHILE ON UNPAID LEAVE As set forth in Administrative Code section 16.701(b), covered employees who are not in active service for more than twelve (12) weeks, shall be required to pay the Health Service System for the full premium cost of membership in the Health Service System, unless the employee shall be on sick leave, workers’ compensation, mandatory administrative leave, approved personal leave following family care leave, disciplinary suspensions or on a layoff holdover list where the employee verifies they have no alternative coverage.

  • Pension Contributions While on Short Term Disability Contributions for OMERS Plan Members When an employee/plan member is on short-term sick leave and receiving less than 100% of regular salary, the Board will continue to deduct and remit OMERS contributions based on 100% of the employee/plan member’s regular pay.

  • Payment for Unused Sick Leave a. An employee with less than ten (10) years of continuous University service, as defined herein, who separates from the University shall not be paid for any unused sick leave. For employees appointed on or before 1/7/03 University service includes continuous employment by the University or the State of Florida.

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