Change in benefit Sample Clauses
Change in benefit. In the event that subsequent legislative action at the federal or state level creates an obligation of the Employer to provide paid family or medical leave, the Employer shall have the right to renegotiate mid- contract the sick leave benefit set forth in Article 13. In the event that agreement is not reached through such renegotiation, the process set forth in subparagraph
Change in benefit. The Union agrees that the University can change the benefit plans and/or carriers for the benefits in Schedule to “I” on prior notice to and discussion with the Union and provided the level of benefits coverage is not diminished. SCHEDULE I: Severance Pay Schedule of Severance Pay on Layoff Continuous Years Of Service At Date of Layoff Enhanced Severance Pay Effective Date of Layoff (weeks) SCHEDULE Holidays The parties agree to the following days of observance for the stated holidays: Monday, December Tuesday, December Wednesday, December Thursday, December Friday, December Monday, December Tuesday, December Wednesday, December Thursday, January Friday, January Monday, December Tuesday, December Wednesday, December Thursday, December Friday, December Monday, December Tuesday, December Wednesday, December Thursday, December Friday, January Wednesday, December Thursday, December Friday, December Monday, December Tuesday, December Wednesday, December Thursday, December Friday, December Presidential Day Presidential Day Day Before Christmas Day Christmas Day Boxing Day Day of Closure Day of Closure Day Before New Year’s Day New Year’s Day Day of Closure Presidential Holiday Presidential Holiday Day of Closure Day Before Christmas Day Christmas Day Day in Lieu of Boxing Day Day of Closure Day of Closure Day Before New Year’s Day New Year’s Day Day of Closure Day in Lieu of Christmas Day Day before Christmas Day Day in Lieu of Boxing day Day of Closure Day of Closure Day in Lieu of New Year’s Day Day Before New Year’s Day Early Retirement Bridge Benefit outside of the Pension Plan Available to members who retire an Unreduced Early Retirement Pension under the Plan for retirements January up to and including June Member can elect, prior to retirement, to take the Bridge Benefit in form of; - A monthlypayment on the 28thof each month date of Retirement up to and including the month to member's 65th OR - A lump sum retiring allowance at the date of early retirement, tax shelteredto the extent possible under the provisions of the Income TaxAct Monthly Completeyears of payments to age Lump Sum Amount will be interpolated for partialyears. Furthermore, if under Actuarial Valuation as of July there is no Going Concern Unfunded Liability and no Solvency Deficiency, the provisions of the early retirement window in effect up to and including June (i.e. age 55/75 point provision and bridge benefit) will be implemented for the period July to December In conjunction with th...
Change in benefit. The Union agrees that the University can change the benefit plans and/or carriers for the benefits in Schedules to on prior notice to and discussion with the Union and provided the of benefits coverage is not diminished.