Benefit Amount. An employee’s supplemental parental leave benefit is calculated based on the employee’s accrued leave balances at the time of the birth, adoption, or xxxxxx-to- adopt placement (“qualifying event”). In cases of adoption or xxxxxx-to-adopt placement, leave must be taken within one year of the child’s birth or placement in the home. The employee will receive the equivalent of their full salary for up to a total of 12 weeks, when combined with the employee’s accrued leave (except for one week of sick leave and one week of vacation leave, or the equivalent for Benefit Time). The employee is permitted to use the supplemental leave first. Additionally, the employee may choose to take less than 12 weeks of leave. PPL is not subject to
Benefit Amount a) Each employee whose total base compensation in a given calendar year is $45,000 or less shall be eligible for reimbursement of up to $1,800 of actual child care expenses incurred in that calendar year to be paid in the following calendar year.
b) Each employee whose total base compensation in a given calendar year is above $45,000 to $55,000 shall be eligible for reimbursement of up to $1,500 of actual child care expenses incurred in that calendar year to be paid in the following calendar year. The benefit amount for employees eligible under 1.A(2) and 1.B is a pro-rated amount of the benefit amount that would be payable if the employee were eligible under 1.A(1).
Benefit Amount. The Executive's Account will be credited with an amount representing one year's current Base Salary. The Executive's Account will be credited with additional amounts to reflect any increase in the Executive's Base Salary occurring during the term of this Agreement. The Executive's Account will be invested in accordance with the terms hereof.
Benefit Amount. Subject to the provisions of Article VI below, in the event that Executive becomes Disabled prior to Separating From Service, then upon such Disability, Executive shall be entitled to receive one (1) of the following amounts, depending on circumstances:
(1) In the event Executive becomes Disabled prior to attaining the Normal Retirement Age, then Executive shall be entitled to be paid a lump sum amount equal to the Actuarial Equivalent value of the following: a lifetime benefit with annual payments equal to the Applicable Percentage that Executive would have achieved had he remained employed until the Normal Retirement Age, multiplied by the Target Benefit Amount, and assuming a payment commencement date of the Normal Retirement Age, and factoring in a two percent (2%) annual increase in Executive Benefit amounts. In addition, for the purposes of this provision, the Target Benefit Amount shall be determined based on the following assumptions: it shall be assumed that for each year following Executive becoming Disabled, Executive’s Base Salary will increase annually at a rate of three percent (3%) each year on anniversary of Executive’s date of hire until such time as Executive attains the Normal Retirement Age.
(2) In the event Executive becomes Disabled after attaining the Normal Retirement Age, then the Executive shall be entitled to be paid a lump sum amount equal to the Actuarial Equivalent value of the following: a lifetime benefit with annual payments equal to the Applicable Percentage (as of the date of Separation from Service) of the Target Benefit Amount, assuming a payment commencement date of the date of Disability, and factoring in a two percent (2%) annual increase in Executive Benefit amounts.
Benefit Amount. Benefits under this Article shall be paid at the rate of one-half (1/2) day for each day of illness or injury. Payments shall begin on the fifteenth (15th) calendar day after the exhaustion of leave or Workers' Compensation as outlined above. No employee shall be eligible to draw from the bank more than once per contract year; more than two hundred (200) one-half (1/2) days per year of illness or injury; or if the fund is depleted. Employees receiving benefits under this Article shall not accrue vacation or sick leave during the period of eligibility or be eligible for holiday or other paid leave benefits.
Benefit Amount. Payment or reimbursement under this article is limited to $3,000 per year for full-time employees, and $1,500 per year for part-time employees.
Benefit Amount. A. If Disability Occurs on or Before December 31, 2026. In the event Executive becomes Disabled on or before December 31, 2026, then Executive shall be entitled to receive an amount equal to the ALB as of the date of Disability, plus the amount of all projected Annual Contribution Amounts expected to be included in the ALB had Executive not become Disabled until December 31, 2026. This calculation shall be made assuming that remaining Annual Contribution Amounts through December 31, 2026 are equal to the amounts the Bank would have made assuming a performance level for each remaining Service Period equal to the average performance level for the three (3) year period preceding Executive’s Disability. In addition, this ALB amount shall be credited with interest as though the Annual Contributions had been made on the same annual schedule they would have been made had there been no Disability until December 31,2026 and applying the Accrued Liability Balance Interest Rate from the date of Disability through December 31, 2026.
B. If Disability Occurs After December 31, 2026. In the event Executive becomes Disabled after December 31, 2026, then Executive shall receive the ALB.
Benefit Amount. Employees will receive a percentage equal to 66 2/3rds of their regular weekly earnings according to their regular work schedule, which includes overtime that is regularly scheduled as part of the regular shifts.
Benefit Amount. An employee’s supplemental leave benefit is calculated based on the employee’s accrued leave balances at the time of the birth, adoption, or xxxxxx-to-adopt placement (“qualifying event”). The employee will receive the equivalent of his or her full salary for up to a total of twelve weeks, when combined with the employee’s accrued leave (except for one week of sick leave and one week of vacation leave, or the equivalent for Benefit Time). The employee is permitted to use the supplemental leave first. Additionally, the employee may choose to take less than twelve weeks of leave. Supplemental Paid Parental Leave is not subject to cash out. An employee who does not return to work for at least 6 months of continuous service following the leave, will be required to reimburse King County for the supplemental leave funds received.
Benefit Amount. Principle sum is Flat as follows: Benefit Reduction Waiver of Premiums Qualifying Period for Waiver of Premiums Termination Age Overall Plan Maximum Deductibles Benefit Percentage (Co-insurance) Termination Age Professional Services Medical Service & Supplies Deductible Maximums Dental Fee Guide Termination Age
