Benefit Coverage and Premium Payments Sample Clauses

Benefit Coverage and Premium Payments. The cost of benefit premiums for MSP, Extended Health, Dental, Short term disability, Long term disability, and life insurance will be paid by the Employer.
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Benefit Coverage and Premium Payments. The cost of the MSP Premiums will be shared seventy-five percent (75%) by the Company and twenty-five percent (25%) by the eligible employees. The cost of Premiums paid by the Company for the Unifor Benefit Trust (UBT) to provide Extended Health, Dental, Short Term Disability, Long Term Disability, Life Insurance and Accidental Death and Dismemberment, shall be one hundred percent (100%) paid by the Company for eligible employees. It is agreed that upon request, the Union will provide the Company premium breakdown costing per benefit and benefit experience history of the plan. Any annual increase in the cost of premiums shall be paid by the Company. Employees eligible for benefits absent from work due to a WCB injury for a continuous period of twelve (12) months shall have their benefits maintained and the cost shall be borne by the employee and Employer as herein provided. Upon the completion of twelve (12) months all benefits shall terminate unless the employee wishes to continue same at one hundred percent (100%) employee cost. Casual employees shall be eligible for coverage under the Dental, Extended Health and MSP Plans provided they have worked an average of thirty (30) hours per week in the previous six (6) month period. For these employees the Company will be responsible sixty percent (60%) and the employee will be responsible for forty percent (40%) of the premiums. In addition to the above and subject to the above qualification a maximum of ten (10) of these casual employees shall be eligible by seniority for one hundred percent (100%) of Company paid premium for the dental and extended health benefits. The Union shall be responsible for any problems with the Carrier. The Union and the Company shall co-administer the forms.

Related to Benefit Coverage and Premium Payments

  • Benefit Coverage The Company agrees to provide pension and welfare benefits as described in the Company Booklets, benefit plan documents or policies of insurance for the duration of the Agreement.

  • Overtime and Premium Pay A nurse shall be paid at the rate of one and one- half (1½) times the nurse’s regular hourly rate of pay for all hours worked in any one category listed below, including statutory overtime pay under 9.4.1 or premium pay under 9.4.2 through

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated. 1. PPO medical coverage 2. Prescription drug coverage

  • COMPENSATION COVERAGE Workers’ Compensation insurance for all of its employees in an amount and with coverage to meet all requirements of the laws of the State of Florida.

  • Premium Pay “Premium Pay” is a special pay rate for working during times that are less desirable, such as weekends, holidays or late shifts. The City will not pay the Consultant Premium Pay.

  • Health insurance premiums If you are unemployed and have received unemployment compensation for 12 consecutive weeks under a federal or state program, you may take payments from your IRA to pay for health insurance premiums without incurring the 10 percent early distribution penalty tax.

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • Holiday Premium Pay A Nurse working on a recognized Holiday is entitled to the following compensation for any hours worked on the calendar date of the recognized Holiday: A. A Full-Time or Part-Time Nurse who is regularly scheduled to work on a recognized Holiday shall be paid at the rate of one and one-half times (1.5 x) the Nurse’s regular rate of pay; or B. A Nurse who works overtime (as defined in Article 7.07) on a recognized Holiday shall be paid at the rate of two times (2 x) the Nurse’s regular rate of pay for the overtime worked.

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