Reporting of Accrued Benefits Clause Samples

The "Reporting of Accrued Benefits" clause requires a party, typically an employer or plan administrator, to provide regular and accurate reports detailing the benefits that have accumulated for participants under a specific plan or agreement. This reporting may include information such as the amount of pension, vacation, or other entitlements earned to date, and is often delivered on a periodic basis or upon request. The core function of this clause is to ensure transparency and allow participants to track their entitlements, thereby preventing misunderstandings or disputes regarding the status and value of accrued benefits.
Reporting of Accrued Benefits. NWIRP shall provide a report on each employee’s payroll stub of the employee’s total health-related and vacation leave accrued and available at the time each payroll.
View SourceView Similar (4)
Reporting of Accrued Benefits. NJP shall provide a report on each employee’s payroll stub of the employee’s total sick and vacation leave accrued and available at the time each payroll.
View SourceView Similar (2)

Related to Reporting of Accrued Benefits

  • Accrued Benefits For purposes of this Agreement, the Executive’s “Accrued Benefits” shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company for the time period ending with the Termination Date; (iii) any and all other cash earned though the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) subject to any irrevocable deferral election then in effect, a lump sum payment of the bonus, incentive compensation and other compensation reportable on Form W-2 otherwise payable to the Executive with respect to the year in which termination occurs under all bonus or incentive compensation plan or plans of the Company in which the Executive is a participant; and (v) all other payments and benefits to which the Executive may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Company, including severance payments under the Company’s severance policies and practices as in effect immediately prior to the Change in Control of the Company. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to Subsections (i) and (ii) (provided that reimbursements due under clause (ii) must be completed no later than the end of the second calendar year following the year in which the Executive’s Separation from Service occurs) or, with respect to Subsections (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Continued Benefits For a 36 month period after the Date of Termination (the "Benefits Period"), the Company shall provide the Executive with group term life, accident, long-term disability, medical, and health insurance coverage and benefits (collectively, "Welfare Benefits") that (a) subject to clause (b) hereof, are substantially similar in all respects to those which the Executive was receiving immediately prior to the Notice of Termination (without giving effect to any reduction in such benefits subsequent to a Change in Control that would constitute Good Reason); provided, however, (b) if a Change in Control involving National City Corporation occurs within 18 months of the date of this Agreement, in lieu of clause (a) hereof for portion of the Benefits Period commencing on and after the January 1 of the calendar year immediately following the calendar year in which the Change in Control occurred, are not less favorable in all respects to those being provided to actively employed senior executives of the Company from time-to-time after such January 1. During the Benefits Period, the Executive shall be entitled to elect to change his level of coverage and/or his choice of coverage options (such as the Executive only or family medical coverage) with respect to the Welfare Benefits to be provided by the Company to the Executive to the same extent that actively employed senior executives of the Company are permitted to make such changes; provided, however, that in the event of any such changes, the Executive shall pay the amount of any cost increase that would actually be paid by an actively employed senior executive of the Company by reason of making the same changes in his level of coverage or coverage options. In the event that the Executive becomes employed by a new employer and is eligible to receive health insurance and/or other welfare benefits ("New Coverage"), the Welfare Benefits coverage provided under this Section 3.2 shall be secondary to such New Coverage.

  • Accrued Compensation and Benefits Notwithstanding anything to the contrary in Section 2 and 3 above, in connection with any termination of employment (whether or not a Qualifying Termination or CIC Qualifying Termination), the Company shall pay Executive’s earned but unpaid base salary and other vested but unpaid cash entitlements for the period through and including the termination of employment, including unused earned vacation pay and unreimbursed documented business expenses incurred by Executive through and including the date of termination (collectively “Accrued Compensation and Expenses”), as required by law and the applicable Company plan or policy. In addition, Executive shall be entitled to any other vested benefits earned by Executive for the period through and including the termination date of Executive’s employment under any other employee benefit plans and arrangements maintained by the Company, in accordance with the terms of such plans and arrangements, except as modified herein (collectively “Accrued Benefits”). Any Accrued Compensation and Expenses to which the Executive is entitled shall be paid to the Executive in cash as soon as administratively practicable after the termination and, in any event, no later than two and one-half (2-1/2) months after the end of the taxable year of the Executive in which the termination occurs or at such earlier time as may be required by Section 10 below or to such lesser extent as may be mandated by Section 9 below. Any Accrued Benefits to which the Executive is entitled shall be paid to the Executive as provided in the relevant plans and arrangements.

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • 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.