Pension entitlements Clause Samples

The 'Pension entitlements' clause defines the rights and obligations of parties regarding pension benefits accrued during employment. It typically outlines how pension contributions are handled, whether the employee remains eligible for benefits after leaving the company, and how any accrued entitlements are calculated or transferred. This clause ensures that both employer and employee have a clear understanding of pension arrangements, helping to prevent disputes over retirement benefits and providing financial security for employees.
Pension entitlements. The pension entitlements that we administer under this Execution Agreement are: - a defined contribution for Pension; - a partner’s and orphan’s pension; - an ANW shortfall pension. You can find the conditions that apply to the pension entitlements in this Execution Agreement, the Pension Regulations, and the annexes. We use the defined contribution for the Investment pension or the Guaranteed pension. More information about the Investment pension and the Guaranteed pension can be found in Sections 4 (‘Accrual of pension’) and 8 (‘Death’) of the Pension Regulations. Insurance will be taken out for the partner’s and orphan’s pension and the ANW shortfall pension. More information about these pensions can be found in Section 8 (‘Death’) of the Pension Regulations. If the participant becomes disabled, we take over the payment of premiums for the entitlements from you, either in full or in part. You can read more about this in Section 9 (‘Disability’) of the Pension Regulations and in the annex on ‘Conditions for insurance of disability’.
View SourceView Similar (6)
Pension entitlements. These ill health retirement benefits will not reduce or affect any of the other members’ pensionable benefits due under the pension schemes.
View SourceView Similar (4)
Pension entitlements. The pension entitlements that we administer under this Execution Agreement are: - retirement pension; - partner’s and orphan’s pension; - ANW shortfall pension if that is part of your pension scheme and if it is insured for the participant. We take out insurance for these pension entitlements. The conditions that apply to the insurances are given in this Execution Agreement. If the participant becomes disabled, we take over the payment of premiums for the entitlements. You can read more about this in the ‘Disability’ section of the Pension Regulations and in the annex on ‘Conditions of insurance of disability’.
View SourceView Similar (3)
Pension entitlements. Section 1. The Employer shall pay into the OPERS for all employees the percentage of the Employer’s contribution as required by law.
View SourceView Similar (2)
Pension entitlements. Section 1. The Employer shall pay into the Police and Fire Disability and Pension Fund of Ohio for all employees the percentage of the Employer's contribution as required by law. Section 2. The Employer shall submit for approval and pay the "user fee" to the Internal Revenue Service and State Pension Board, the salary reduction method for the employee's contribution to the Police and Fire Disability and Pension Fund of Ohio. The employee's salary shall be reduced the full amount of said contribution. However, this amount shall be treated as compensation for the purpose of retirement calculations and will be included in such. This Section shall be effective after approval by the Internal Revenue Service and State Pension Board, which will be sought jointly by the parties.
View SourceView Similar (2)
Pension entitlements. ‌ The (former) participant is, with observation of the conditions in these regulations, entitled to the following pensions:
View SourceView Similar (2)
Pension entitlements. 11.1 The company will take out a pension insurance on the terms and conditions specified in the copy of the pension letter from the company to Mr. Gramaxo.
View Source
Pension entitlements 
View Source

Related to Pension entitlements

  • Benefit Entitlement When an employee is on a WCB claim all benefits of the Agreement will continue to accrue. However, an employee off work on WCB claim shall receive net wages as defined by (A) above, and benefits equalling but not to exceed their normal entitlement had they not suffered a compensable injury. For the first twenty (20) work days on claim, an employee will accrue paid holidays and vacation credits. Once the claim exceeds twenty (20) work days, paid holidays and vacation credits will not accrue. However, unused vacation credits accrued prior to the claim shall not be lost as a result of this clause.

  • Holiday Entitlement Employees who are laid off within seven (7) working days (except employees subject to dismissal through cause) prior to a Statutory Holiday occurring shall be entitled to such Statutory Holiday with pay. Also, employees who are absent either the day before or the day after a Statutory Holiday or both shall be entitled to such Statutory Holiday with pay provided they are absent for a reason of illness or accident.

  • Leave Entitlements (a) A sessional practitioner will be entitled to pro rata leave entitlements in the same ratio as the number of sessions allocated bears to 10. If during any qualifying period the number of sessions allocated to a sessional practitioner varies, the number will be averaged over the qualifying period. (b) A sessional practitioner will be entitled to paid public holidays in accordance with Clause 35 – Public Holidays if the public holidays occur on a day on which a session is normally worked. If a sessional practitioner is required to work on a public holiday the provisions of Clause 32 – Shift, Weekend and Public Holiday Penalties subclause (5) will apply.

  • No Entitlements (1) Neither the Plan nor the Award Agreement confer on the Participant any right or entitlement to receive compensation, including, without limitation, any base salary or incentive compensation, in any specific amount for any future fiscal year (including, without limitation, any grants of future Awards under the Plan), nor impact in any way the Company Group’s determination of the amount, if any, of the Participant’s base salary or incentive compensation. This Award of RSUs made under this Award Agreement is completely independent of any other Awards or grants and is made at the sole discretion of the Company. The RSUs do not constitute salary, wages, regular compensation, recurrent compensation, pensionable compensation or contractual compensation for the year of grant or any prior or later years and shall not be included in, nor have any effect on or be deemed earned in any respect, in connection with the determination of employment-related rights or benefits under law or any employee benefit plan or similar arrangement provided by the Company Group (including, without limitation, severance, termination of employment and pension benefits), unless otherwise specifically provided for under the terms of such plan or arrangement or by the Company Group. The benefits provided pursuant to the RSUs are in no way secured, guaranteed or warranted by the Company Group. (2) The RSUs are awarded to the Participant by virtue of the Participant’s employment with, and services performed for, the Company Group. The Plan or the Award Agreement does not constitute an employment agreement. Nothing in the Plan or the Award Agreement shall modify the terms of the Participant’s employment, including, without limitation, the Participant’s status as an “at will” employee of the Company Group, if applicable. (3) Subject to any applicable employment agreement, the Company reserves the right to change the terms and conditions of the Participant’s employment, including the division, subsidiary or department in which the Participant is employed. None of the Plan or the Award Agreement, the grant of RSUs, nor any action taken or omitted to be taken under the Plan or the Award Agreement shall be deemed to create or confer on the Participant any right to be retained in the employ of the Company Group, or to interfere with or to limit in any way the right of the Company Group to terminate the Participant’s employment at any time. Moreover, the Separation from Service provisions set forth in Section (C) or (D), as applicable, only apply to the treatment of the RSUs in the specified circumstances and shall not otherwise affect the Participant’s employment relationship. By accepting this Award Agreement, the Participant waives any and all rights to compensation or damages in consequence of the termination of the Participant’s office or employment for any reason whatsoever to the extent such rights arise or may arise from the Participant’s ceasing to have rights under, or be entitled to receive payment in respect of, any unvested RSUs that are cancelled or forfeited as a result of such termination, or from the loss or diminution in value of such rights or entitlements, including by reason of the operation of the terms of the Plan, this Award Agreement or the provisions of any statute or law to taxation. This waiver applies whether or not such termination amounts to a wrongful discharge or unfair dismissal.

  • Basic entitlement 7.4.2(a) After twelve months continuous service, parents are entitled to a combined total of 52 weeks unpaid parental leave on a shared basis in relation to the birth or adoption of their child. For females, maternity leave may be taken and for males, paternity leave may be taken. Adoption leave may be taken in the case of adoption.