Occupational Retirement Schemes Ordinance Notification Sample Clauses

The Occupational Retirement Schemes Ordinance Notification clause requires parties to comply with notification obligations under the Occupational Retirement Schemes Ordinance (ORSO). In practice, this means that employers must inform relevant authorities or scheme members about the establishment, amendment, or termination of occupational retirement schemes as mandated by the ORSO. This clause ensures legal compliance and transparency, helping to protect the interests of scheme members and avoid regulatory penalties.
Occupational Retirement Schemes Ordinance Notification. The Company specifically intends that the Plan will not be an occupational retirement scheme for purposes of the Occupational Retirement Schemes Ordinance.
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Related to Occupational Retirement Schemes Ordinance Notification

  • Normal Retirement Normal Retirement Age under the Plan is: (Choose (a) or (b)) [X] (a) 65 [State age, but may not exceed age 65].

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Public Employees Retirement System “PERS”) Members.

  • Pre-Retirement Counseling Leave Each employee within four (4) years of chosen retirement age or date shall be granted, on a one-time basis, up to three and one-half (3-1/2) days leave with pay to pursue bona fide pre-retirement programs. Employees shall request the use of leave provided in this Section at least five (5) days prior to the intended day of use.

  • Early Retirement Incentive The Employer may offer to any faculty member or a faculty member may apply for one of the early retirement incentive alternatives described herein, provided the faculty member meets the following criteria. The Union shall be advised in writing of any offer of early retirement made to a faculty member.