Banking Benefits Clause Samples

Banking Benefits. Itau will make available, beginning within thirty (30) days of the MOA Effective Date, exclusively to all AOLB/Itau Subscribers, at no cost to the AOLB/Itau Subscribers, at least two banking benefits, as well as additional benefits that shall be developed by Itau, the type of which will be at Itau's discretion, but which benefit shall be subject to AOLB's approval (not to be unreasonably withheld) before being made available to the AOLB/Itau Subscribers. Such benefits shall begin with the following two benefits: (i) special Itau e-mail services, including the provision of certain account information (excluding account statement information) sent via AOLB's e-mail system and (ii) AOLB/Itau Subscribers will be able to conduct higher value transactions online than do other Itau Customers. Itau may provide these banking benefits to customers other than the AOLB/Itau Subscribers so long as it (x) charges such other customers for these banking benefits or (y) provides an additional benefit exclusively to AOLB/Itau Subscribers in accordance with the foregoing. Itau may discontinue any benefit in its discretion, provided that (i) it continues to offer at least two (2) other banking benefits exclusively to all AOLB/Itau Subscribers in accordance with the foregoing, and (ii) AOLB/Itau Subscribers will be able to conduct higher value transactions online (which benefit will count toward the number in clause (i)) until such time as Itau reasonably concludes that the Co-Branded Service does not provide better security for Itau online banking services than does another ISP Product. In connection with Itau's marketing obligations hereunder, the Co-Branded Service shall be marketed and promoted as the premier and the principal means of accessing Itau's interactive Financial Services and related Content by means of ISP Products. Until such time as Itau reasonably concludes that the Co-Branded Service does not provide better security for Itau online banking services than does another ISP Product, Itau shall include in such communication a statement that Itau will allow AOLB/ Itau Subscribers to conduct higher value transactions online than do other Itau Customers because of the higher level of security offered by the direct access through the Co-Branded Service. Notwithstanding anything in the foregoing to the contrary, Itau shall be entitled to provide to Private Banking customers, free of charge, any benefits described above as being exclusive to AOLB/Itau Subscribers.
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Banking Benefits. Subject to the thirty-day grace period provided for in Section 1(d), in the event that Itaú fails to provide, for more than an aggregate of five days, whether or not consecutive, during the relevant Quarter, the banking benefits to the AOLB/Itaú Subscribers or fails to promote the banking benefits in each case as required pursuant to Section 1(▇), ▇▇▇▇ shall pay to AOLB US$ [**] (the “Banking Benefits Payment”) (with a maximum of one such payment for the Quarter in which such failure occurs). For the avoidance of doubt, any failure to provide or promote the banking benefits as a result of any Force Majeure Event as defined in the SMA shall be excluded from the five-day calculation specified herein. The determination as to whether Itaú has failed to provide the required banking benefits to AOLB/Itaú Subscribers shall be made at the end of every Quarter and at the end of the 100 Days, and any payment due therefor shall be made within ten (10) days of the calculation thereof.
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Banking Benefits. For the avoidance of doubt, Section 1(d) of Exhibit A of the MOA shall apply to the Broadband accessible versions of the Co-Branded Service and the Web-based Service, however, any determination by Itaú concerning the security of a Co-Branded Service made pursuant to Section 1(d) of Exhibit A of the MOA shall be made individually with respect to each specific type of Co-Branded Service (i.e., the Broadband accessible versions of the Co-Branded Service, the Web-based Service and the Client-based Service).
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Banking Benefits. Banking benefits are provided to employees of the respective offices as per the current practice at the time of signing: Trail Employees – Kootenay Savings Credit Union Cranbrook Employees – East Kootenay Community Credit Union ▇▇▇▇▇▇ Employees – ▇▇▇▇▇▇ & District Credit Union
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Related to Banking Benefits

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.

  • Public Benefits ‌ 5.1 Developer to provide Public Benefits‌ The Developer must, at its cost and risk, provide the Public Benefits to the City in accordance with this document.

  • Health Benefits For the eighteen (18) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

  • Certain Benefits Executive will be eligible to participate in all employee benefit programs established by Employer that are applicable to management personnel such as medical, pension, disability and life insurance plans on a basis commensurate with Executive’s position and in accordance with Employer’s policies from time to time, but nothing herein shall require the adoption or maintenance of any such plan.

  • Retiree Health Benefits 1. There is currently in effect a retiree health benefit program for retired members of LACERS under LAAC Division 4, Chapter 11. All covered employees who are members of LACERS, regardless of retirement tier, shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits as provided by this program. The retiree health benefit available under this program is a vested benefit for all covered employees who make this contribution, including employees enrolled in LACERS Tier 3. 2. With regard to LACERS Tier 1, as provided by LAAC Section 4.1111, the monthly Maximum Medical Plan Premium Subsidy, which represents the Kaiser 2-party non-Medicare Part A and Part B premium, is vested for all members who made the additional contributions authorized by LAAC Section 4.1003(c). 3. Additionally, with regard to Tier 1 members who made the additional contribution authorized by LAAC Section 4.1003(c), the maximum amount of the annual increase authorized in LAAC Section 4.1111(b) is a vested benefit that shall be granted by the LACERS Board. 4. With regard to LACERS Tier 3, the Implementing Ordinance shall provide that all Tier 3 members shall contribute to LACERS four percent (4%) of their pre-tax compensation earnable toward vested retiree health benefits, and shall amend LAAC Division 4, Chapter 11 to provide the same vested benefits to all Tier 3 members as currently are provided to Tier 1 members who make the same four percent (4%) contribution to LACERS under the retiree health benefit program. 5. The entitlement to retiree health benefits under this provision shall be subject to the rules under LAAC Division 4, Chapter 11 in effect as of the effective date of this provision, and the rules that shall be placed into LAAC Division 4, Chapters 10 and 11, with regard to Tier 3, by the Implementing Ordinance. 6. As further provided herein, the amount of employee contributions is subject to bargaining in future MOU negotiations. 7. The vesting schedule for the Maximum Medical Plan Premium Subsidy for employees enrolled in LACERS Tier 1 and LACERS Tier 3 shall be the same. 8. Employees whose Health Service Credit, as defined in LAAC Division 4, Chapter 11, is based on periods of part-time and less than full-time employment, shall receive full, rather than prorated, Health Service Credit for periods of service. The monthly retiree medical subsidy amount to which these employees are entitled shall be prorated based on the extent to which their service credit is prorated due to their less than full time status.