Employee Benefit Scheme definition

Employee Benefit Scheme means any compensation or incentive given to the directors or employees of any entity which gives such directors or employees ownership interest in an overseas entity through ESOP or any similar scheme.
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Employee Benefit Scheme means any agreement, commitment, arrangement, scheme, custom or practice (in each case whether or not (a) enforceable, (b) a registered pension scheme under the Finance Xxx 0000 and/or (c) funded for in advance) for the payment of any pension, allowance, lump sum or other benefit on or after death, accident, retirement or termination of employment (whether voluntary or not) or during any period of sickness or disablement;
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Employee Benefit Scheme means an arrangement, fund or scheme set up solely for the purpose of providing any benefit to employees, former employees, directors or former directors of an entity or entities through the acquisition and management of assets, where the participants do not have control over —
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Examples of Employee Benefit Scheme in a sentence

  • If more than one Employee Benefit Scheme of a Company is being managed by Kotak Life under this product, the total fund value across all schemes of that Company for each day shall be used to determine the appropriate Fund Slab and applicable Loyalty Addition percentage of the Fund.

  • Verification:The Company has implemented Tide Water Oil Company (India) Limited Employee Benefit Scheme (hereinafter referred to as ‘the Scheme’) including inter-alia provisions relating to Retirement Benefit Scheme (RBS) for the specified employees of the Company in accordance with the Special Resolution passed by the members of the Company through Postal Ballot on 7th January, 2020.

  • To whom/ where do impacts apply?– Engaging corridor leadership at the appropriate levels to define the level of study – what levels of outcome are supportable at the local, regional, corridor-wide, and statewide levels?– Identifying implementing bodies: agencies, state, regional, and local governments– Identifying implementing mechanisms: legislation, comprehensive plans, state-sponsored planning documents, agency strategic plans, funding plans, etc.

  • Stock Option: As per Employee Benefit Scheme, as framed and upto such limit as may be declared and implemented from time to time.

  • Special Resolution to adopt the Share Based Employee Benefit Scheme of the Bank under the name and style of ‘Kotak Mahindra Stock Appreciation Rights Scheme 2015’ and to grant Stock Appreciation Rights to the employees of the Bank under the said Scheme not exceeding in aggregate 91,00,000 SARs for cash being not more than 1% of the issued equity shares of the Bank.

  • On free look cancellation of the policy Suicide Exclusion The nominee of the member shall be entitled for Sum Assured, if applicable under the Employee Benefit Scheme along with the benefits as per Scheme / Trust Rules.

  • As such following three questions are very relevant under Income tax Act, 1961 in connection with Key man insurance policy.Q. 1 Whether premium paid by employer under Employer Employee Benefit Scheme is deductible as an expenditure to the employer under the Income tax Act, 1961?Q.

  • EMPLOYEE BENEFIT SCHEME The Key Employee Benefit Scheme (the "2009 Scheme") was adopted by the Board on 31 July 2009 ("Adoption Date").

  • For the insurance premium in respect of the life insurance premium on account of the policy of the employee or the insurance premium on account of insurance taken for the policy under the concept of Employer Employee Benefit Scheme, the tax implication would be the same.

  • ChargesThe following charges apply:• Fund Management Charge• Mortality Charge• Surrender Charge These charges are set out in Annexure C.PART IV1.1 The Master Policyholder can make contributions into the Scheme Account to fund the Employee Benefit Scheme liability.


More Definitions of Employee Benefit Scheme

Employee Benefit Scheme means the employee benefit scheme of the Company (Regeling variabele salarissen xxxxx termijn) attached as Schedule 4;
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Employee Benefit Scheme means any scheme, arrangement or agreement providing Employee Benefits for any employee, director or self-employed contractors of any of the companies within the Nubiola Group;
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Employee Benefit Scheme means a trust, scheme or other arrangement for the benefit of persons who are, or include, 40
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Related to Employee Benefit Scheme

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Employee Benefit Plans shall have the meaning set forth in Section 3.20(a).

  • Employee Benefit Plan means any "employee benefit plan" as defined in Section 3(3) of ERISA which is or was maintained or contributed to by Company, any of its Subsidiaries or any of their respective ERISA Affiliates.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Foreign Employee Benefit Plan means any employee benefit plan as defined in Section 3(3) of ERISA which is maintained or contributed to for the benefit of the employees of the Borrower, any of its Subsidiaries or any of its ERISA Affiliates, but which is not covered by ERISA pursuant to Section 4(b)(4) of ERISA.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Employee Benefits means the provision of any benefit other than pension and retirement benefits provided to spouses of employees or provided to an employee on account of the employee's having a spouse, including but not limited to bereavement leave; disability, life, and other types of insurance; family medical leave; health benefits; membership or membership discounts; moving expenses; vacation; travel benefits; and any other benefits given to employees, provided that it does not include benefits to the extent that the application of the requirements of this chapter to such benefits may be preempted by federal or state law.

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Benefit Schedule means a schedule of benefits attached to these Terms and Benefits which sets out, among others, the benefit items and maximum benefits covered.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Health benefits plan means a benefits plan which pays or

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Parent Benefit Plan means any Employee Benefit Plan maintained by, sponsored by or contributed to by, or obligated to be contributed to by any Parent Group Entity.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Benefit Plan means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Seller Benefit Plan means each Employee Benefit Plan sponsored, maintained or contributed to by a Seller or any of its Affiliates or with respect to which a Seller or any of its Affiliates has, or could reasonably be expected to have, any direct or indirect Liability.

  • School employee means (1) a teacher, substitute teacher, school administrator, school superintendent, guidance counselor, psychologist, social worker, nurse, physician, school paraprofessional or coach employed by a local or regional board of education or working in a public elementary, middle or high school; or (2) any other individual who, in the performance of his or her duties, has regular contact with students and who provides services to or on behalf of students enrolled in a public elementary, middle or high school, pursuant to a contract with the local or regional board of education.

  • Casual Employee means an employee who has no set hours or days of work and who is normally asked to work as and when required.

  • Public school employer means a public employer that is the board of a school district, intermediate school district, or public school academy; is the chief executive officer of a school district in which a school reform board is in place under part 5A of the revised school code, 1976 PA 451, MCL 380.371 to 380.376; or is the governing board of a joint endeavor or consortium consisting of any combination of school districts,

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

  • Salaried Employee means an employee who is not covered by the Fair Labor Standards Act who regularly receives each pay period a predetermined amount constituting all or part of compensation. This base salary cannot be reduced because of variations in the quality or quantity of work performed.