Bargaining Unit Employees who are not eligible to participate in CTPF Sample Clauses

Bargaining Unit Employees who are not eligible to participate in CTPF. All bargaining unit members who do not contribute to CTPF shall be eligible to enroll the Employer’s voluntary 403(b) retirement savings program, in accordance with federal benefits laws, on their first day of employment. The Employer shall make matching contributions to 403(b) account on behalf of all eligible, participating bargaining unit members of up to 3% prior to the completion of the 403(b) plan change effective date; upon completion of the 403(b) Plan Amendment effective date bargaining unit members who do not participate in CTPF shall be eligible for a matching contribution of up to 3% beginning at 1000 hour of service. An employee shall be vested 20% annually, and an additional 20% each year thereafter employee upon completion of sixty (60) months of service. Employees shall further have the option to direct additional contributions deducted from their wages or salary up to the legal maximum.
Sample 1
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Bargaining Unit Employees who are not eligible to participate in CTPF. All bargaining unit members who do not contribute to CTPF shall be allowed to enroll in the Employer’s voluntary 401(k) or 403(b) retirement savings program as outlined in the plan summary. The Employer shall make matching contributions to a 401(k) or 403(b) account on behalf of bargaining unit members who do not participate in CTPF up to 7% according to the terms of the plan. An employee shall vest in accordance with the plan. The Employer shall annually provide bargaining unit members who are not eligible to participate in CTPF a $500 bonus at the beginning of second semester. These funds are eligible for contribution to the 401(k) or 403(b).
Sample 1

Related to Bargaining Unit Employees who are not eligible to participate in CTPF

  • All Employees The Company shall not include the shift differential in any employee’s wage rate for the calculation of overtime.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Public Employees Retirement System “PERS”) Members.

  • Newly Hired Employees All employees hired to an insurance eligible position must make their benefit elections by their initial effective date of coverage as defined in this Article, Section 5C. Insurance eligible employees will automatically be enrolled in basic life coverage. If employees eligible for a full Employer Contribution do not choose a health plan administrator and a primary care clinic by their initial effective date, and do not waive medical coverage, they will be enrolled in a Benefit Level Two clinic (or Level One, if available) that meets established access standards in the health plan with the largest number of Benefit Level One and Two clinics in the county of the employee’s residence at the beginning of the insurance year. If an employee does not choose a health plan administrator and primary care clinic by their initial effective date, but was previously covered as a dependent immediately prior to their initial effective date, they will be defaulted to the plan administrator and primary care clinic in which they were previously enrolled.

  • Probation for Newly Hired Employees (a) The Employer may reject a probationary employee for just cause. A rejection during probation shall not be considered a dismissal for the purpose of Article 11.2

  • Supplemental Executive Retirement Plan The Executive shall participate in the Company's Unfunded Pension Plan for Selected Executives (the "SERP").

  • Exempt Employees In conjunction with Section 1 above, employees declared to be exempt by the Employer or the United States Department of Labor shall be governed by this section.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • SALARY DETERMINATION FOR EMPLOYEES IN ADULT EDUCATION [Not applicable in School District No. 62 (Sooke)]

  • Fixed Term Employees The only terms of this Agreement that apply to employees who are not regular employees are those that are set out in Articles 31A, 32, 33 and 34. 31A.1 Articles 31A.2 to 31A.16 apply only to fixed-term employees other than seasonal, student and GO Temp employees.

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