ALTERNATE COMPENSATION PROGRAM Sample Clauses

ALTERNATE COMPENSATION PROGRAM. 1901 Section 1 - Participation 1902 Participation is open to full-time and part-time employees who are eligible for the Employer-paid health plan and other benefits under the labor agreement. Enrollment will be for a minimum of one (1) calendar year beginning with the first (1st) pay period of the year. Employees choosing to participate in the ACP will be required to enroll during the annual open enrollment period.
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ALTERNATE COMPENSATION PROGRAM. 236 A Benefit-eligible Employee scheduled to work twenty (20) or more hours per week who can verify that he/she has medical coverage from a source other than his/her benefited status with Xxxxxx Permanente shall have the option of voluntarily participating in the Alternate Compensation Program which includes a 20% differential in lieu of benefits (Statewide Appendix C).
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ALTERNATE COMPENSATION PROGRAM. 2301 ACP Eligibility 2302 A Registered Nurse who is regularly scheduled to work twenty (20) hours or more per week has the option to participate in the Alternate Compensation Program (ACP). 2303 ACP Coverage 2304 ACP is an optional benefit program, which provides an eligible Registered Nurse with a twenty percent (20%) wage rate differential in exchange for his or her choice to waive participation in certain benefit plans. However, compensated hours while in the ACP will count as pension Service and Credited Service for a Registered Nurse participating in the KPSCEPP. Final Average Monthly Compensation for pension calculations excludes differentials and will, therefore, be calculated solely on the base wage rate.
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Related to ALTERNATE COMPENSATION PROGRAM

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then

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