Common use of WELFARE Clause in Contracts

WELFARE. The Company will continue to provide the same degree of hospital and medical coverage. Pension Plan - CC3387 - As a part of the Agreement, the Company will provide and maintain a pension plan under which the employees shall be required to contribute and for employees hired after September 1, 1978, participation in the pension plan shall be compulsory. The provisions are described in the pension booklet. The parties agree to endorse the pension funding relief measure as permitted under the Ontario Pension Benefits Act of amortizing the solvency deficit for the defined benefit plan over a 10 year period. Group Benefits Plan - The employee group benefits program includes life insurance, accidental death and dismemberment insurance, weekly disability, supplemental health care, prescription drug, vision care, dental and safety and health benefits as detailed in the document entitled: “Group Benefits Program” effective June 01, 2006. Retiree Benefits Plan - The retiree group benefits package for eligible employees under age 65, who retire from the Company on or after April 1, 1991, includes the supplemental health care, prescription drug and vision care program for themselves and their eligible dependents on a retiree-paid basis at Company rates. Employees who retire from the employ of the Company on a normal retirement date, or on an applicable early or disability retirement date, on or after April 1, 1988, are eligible for a $2,000 post-retirement death benefit, payable upon the death of the retiree.

Appears in 2 contracts

Samples: Production and Maintenance Agreement, Production and Maintenance Agreement

AutoNDA by SimpleDocs

WELFARE. The Company will continue to provide the same degree of hospital and medical coverage. Pension Plan - CC3387 - As a part of the Agreement, the Company will provide and maintain a pension plan under which the employees shall be required to contribute and for employees hired after September 1, 1978, participation in the pension plan shall be compulsory. The provisions are described in the pension booklet. The parties agree to endorse the pension funding relief measure as permitted under the Ontario Pension Benefits Act of amortizing the solvency deficit for the defined benefit plan over a 10 year period. Group Benefits Plan - The employee group benefits program includes life insurance, accidental death and dismemberment insurance, weekly disability, supplemental health care, prescription drug, vision care, dental and safety and health benefits as detailed in the document entitled: "Group Benefits Program" effective June 01, 2006ratification date May 24th 2011. Retiree Benefits Plan - The retiree group benefits package for eligible employees under age 65, who retire from the Company on or after April 1, 1991, includes the supplemental health care, prescription drug and vision care program for themselves and their eligible dependents on a retiree-paid basis at Company rates. Employees who retire from the employ of the Company on a normal retirement date, or on an applicable early or disability retirement date, on or after April 1, 1988, are eligible for a $2,000 post-post- retirement death benefit, payable upon the death of the retiree.

Appears in 2 contracts

Samples: Office and Technical Agreement, Office and Technical Agreement

WELFARE. The Company will continue to provide the same degree of hospital and medical coverage. Pension Plan - CC3387 - As a part of the Agreement, the Company will provide and maintain a pension plan under which the employees shall be required to contribute and for employees hired after September 1, 1978, participation in the pension plan shall be compulsory. The provisions are described in the pension booklet. The parties agree to endorse the pension funding relief measure as permitted under the Ontario Pension Benefits Act of amortizing the solvency deficit for the defined benefit plan over a 10 year period. Group Benefits Plan - The employee group benefits program includes life insurance, accidental death and dismemberment insurance, weekly disability, supplemental health care, prescription drug, vision care, dental and safety and health benefits as detailed in the document entitled: "Group Benefits Program" effective June 01, 2006ratification date May 24th 2011. Retiree Benefits Plan - The retiree group benefits package for eligible employees under age 65, who retire from the Company on or after April 1, 1991, includes the supplemental health care, prescription drug and vision care program for themselves and their eligible dependents on a retiree-paid basis at Company rates. Employees who retire from the employ of the Company on a normal retirement date, or on an applicable early or disability retirement date, on or after April 1, 1988, are eligible for a $2,000 post-retirement death benefit, payable upon the death of the retiree.

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

WELFARE. The Company will continue to provide the same degree of hospital and medical coverage. Pension Plan - CC3387 - As a part of the Agreement, the Company will provide and maintain a pension plan under which the employees shall be required to contribute and for employees hired after September 1, 1978, participation in the pension plan shall be compulsory. The provisions are described in the pension booklet. The parties agree to endorse the pension funding relief measure as permitted under the Ontario Pension Benefits Act of amortizing the solvency deficit for the defined benefit plan over a 10 year period. Group Benefits Plan - The employee group benefits program includes life insurance, accidental death and dismemberment insurance, weekly disability, supplemental health care, prescription drug, vision care, dental and safety and health benefits as detailed in the document entitled: "Group Benefits Program" effective June 01, 2006. Retiree Benefits Plan - The retiree group benefits package for eligible employees under age 65, who retire from the Company on or after April 1, 1991, includes the supplemental health care, prescription drug and vision care program for themselves and their eligible dependents on a retiree-paid basis at Company rates. Employees who retire from the employ of the Company on a normal retirement date, or on an applicable early or disability retirement date, on or after April 1, 1988, are eligible for a $2,000 post-retirement death benefit, payable upon the death of the retiree.

Appears in 1 contract

Samples: Production and Maintenance Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.