BENEFITS – COMPENSATION AND INSURANCE Sample Clauses

BENEFITS – COMPENSATION AND INSURANCE. A. FINANCIAL PACKAGE 2020-21 i) Beginning pay in Column I (Bachelor’s Degree) is increased by $1,150 to $40,500. ii) Beginning pay in Column II (Bachelor’s plus 12 credit hours) is increased by $400 to $40,500. iii) Beginning pay in Column III (Master’s Degree) is increased by $725 to $42,000. iv) Employees in Colum IV-VI on Step 25 who submit to AFT a short video with “Tips for New Teachers” will receive a $500 stipend. Videos must be received by KCPS no later than October 1 in order to receive the stipend. KCPS will edit and produce final video by December 1. Payment will be received on or before December 15.
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BENEFITS – COMPENSATION AND INSURANCE. A. FINANCIAL PACKAGE FY 2015 1) For FY 2015, the salary schedule for the Teacher Unit will be adjusted upward by 1.0%.
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BENEFITS – COMPENSATION AND INSURANCE. A. FINANCIAL PACKAGE FY 2018 & 2019 1. For FY 2018, the new salary schedule for the Teachers’ Unit will be adjusted upward by one percent (1%). 2. For FY 2019, the new salary schedule for the Teachers’ Unit will be adjusted upward by on half percent. (.5%).
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BENEFITS – COMPENSATION AND INSURANCE. A. FINANCIAL PACKAGE 2020-21 1. For 2020-21, the following changes and improvements will be made to the salary schedule for the Teachers’ Unit i) Beginning pay in Column I (Bachelor’s Degree) is increased by $1,150 to $40,500. ii) Beginning pay in Column II (Bachelor’s plus 12 credit hours) is increased by $400 to $40,500. iii) Beginning pay in Column III (Master’s Degree) is increased by $725 to $42,000. iv) Employees in Column IV-VI on Step 25 who submit to AFT a short video with “Tips for New Teachers” will receive a $500 stipend. Videos must be received by KCPS no later than October 1 in order to receive the stipend. KCPS will edit and produce final video by December 1. Payment will be received on or before December 15.
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BENEFITS – COMPENSATION AND INSURANCE. A. FINANCIAL PACKAGE 2011 - 2014 1) The Union and Administration will meet regularly (at least twice annually) to evaluate and review the financial condition of district and discuss increased compensation. 2) Teachers/Counselors/Librarians who successfully obtain National Board Certification will receive a payment of $3,500.00 Payment will be made within 45 days of when receipt of certification is submitted to the Division of Human Resources. In addition, there will be a $3,500.00 adjustment to the salary schedule for any teacher or counselor who achieves National Board certification. The salary increase will be effective within fifteen (15) working days of submission by the employee of the official National Board certificate to the Division of Human Resources verifying successful completion. Participants shall be required to work in the district 3 years following their national board certification. Participants who do not fulfill the three year obligation will pay back the adjustment based on a pro-rated basis. B. SALARY SCHEDULES 2010-11 1) Contract Teachers, Counselors* and Librarians** Document A*** 2) Contract Teachers, Counselors* and Librarians** Document B***
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BENEFITS – COMPENSATION AND INSURANCE. A. FINANCIAL PACKAGE FY 2018-19 1) For 2018-19, the salary schedules for the Classified Units will include corrective adjustments to indexes (value of experience steps) and increases in base pay where needed to meet an overall collective average increase of roughly 3.15%. All employees eligible for a step shall receive one unless their current rate of pay is beyond the maximum on the newly approved schedules. 2018-19 Salary Schedules are attached to this agreement as Exhibit A. 2) For 2019-20, all eligible employees shall receive a step on the 2018-19 salary schedules. 3) Insurance Products a) Hospitalization, Dental and Life Benefits – i) KCPS shall cover the cost of any premium increase necessary in 2018-19If an employee selects a plan that costs less than the District’s fully funded base plan, the difference between the cost of the employee plan and the fully funded plan will be contribute to a Health Savings Account in the employee’s name. The employee shall select an insurance plan from options provided by the District. Should the amount of money provided by the District not cover the current premium of the plan selected by the employee, the employee will be required to pay the premium difference. Payment of the premium difference will be through payroll deduction b) Life Insurance i) The District shall provide $20,000 life insurance coverage to eligible employees in the Teachers’ Unit to the employee with an option for employees to purchase additional life insurance. ii) The Employees’ Insurance Committee shall participate in discussions concerning life insurance. 4) Accumulated Days – Payout Formula a) Upon separation from KCPS, employees in the Units shall be issued payment for all earned, but unused PTO time computed at their current rate of compensation according to the following formula, provided the same is permitted by applicable law: b) Accumulated PTO shall not exceed two hundred (200) days when computing final payments upon separation from KCPS. c) Employees shall receive three percent (3%) credit for each year of service, from their most recent employment date at KCPS up to a maximum of twenty-five (25) years or seventy-five percent (75%). d) The employee’s current daily rates of pay shall be used to compute the accumulated payout. e) Accumulated pay shall be computed using this formula: i) Years of service, from the most recent appointment date at KCPS (maximum of 25), times three percent (3%) (maximum of 75%), times the number of accumul...
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BENEFITS – COMPENSATION AND INSURANCE. 1) Financial package FY 2015 a) For FY 2015, the salary schedule for the Classified Units will be adjusted upward by
Sample 1
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Related to BENEFITS – COMPENSATION AND INSURANCE

  • Benefits and Insurance The Executive shall, in accordance with Company policy and the terms of the applicable plan documents, be eligible to participate in benefits under any benefit plan or arrangement that may be in effect from time to time and made available to similarly situated Company executives (including, but not limited to, being named as an officer for purposes of the Company’s Directors & Officers insurance policy). The Company reserves the right in its sole discretion to modify, add or eliminate benefits at any time. All benefits shall be subject to the terms and conditions of the applicable plan documents, which may be amended or terminated at any time. The Executive shall be entitled to vacation each year, in addition to sick leave and observed holidays in accordance with the policies and practices of the Company. Vacation may be taken at such times and intervals as the Executive shall determine, subject to the business needs of the Company.

  • HEALTH AND INSURANCE BENEFITS 22.01 All health and insurance benefit premium costs paid by the Employer shall prorate in accordance with the proration formula under Article 22.12 of this Agreement. Same sex spouse is eligible to be a dependent for insured benefits.

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2. The Bank shall pay Executive as compensation a salary of not less than [$ ] per year (“Base Salary”). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive’s Base Salary shall be reviewed at least annually. Such review shall be conducted by a committee designated by the Board, and the Bank may increase, but not decrease (except a decrease that is generally applicable to all employees) Executive’s Base Salary (with any increase in Base Salary to become “Base Salary” for purposes of this Agreement). Base Salary shall not include any director’s fees that the Executive is entitled to receive as a director of the Bank or any affiliate of the Bank. Such director’s fees shall be separately paid to the Executive. (b) Executive will be entitled to participate in and receive benefits under any employee benefit plans including, but not limited to, retirement plans, supplemental retirement plans, pension plans, profit-sharing plans, health-and-accident insurance plans, medical coverage or any other employee benefit plan or arrangement made available by the Bank currently or in the future to its senior executives and key management employees. Executive will be entitled to participate in any incentive compensation and bonus plans offered by the Bank in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement. (c) In addition to the Base Salary provided for by paragraph (a) of this Section 3, the Bank shall pay or reimburse Executive for all reasonable travel and other reasonable expenses incurred by Executive performing his obligations under this Agreement and may provide such additional compensation in such form and such amounts as the Board may from time to time determine. The Bank shall reimburse Executive for his ordinary and necessary business expenses including, without limitation, fees for memberships in such clubs and organizations as Executive and the Board shall mutually agree are necessary and appropriate for business purposes, and travel and entertainment expenses, incurred in connection with the performance of his duties under this Agreement.

  • Other Compensation and Fringe Benefits In addition to any executive bonus, pension, deferred compensation and long-term incentive plans which the Company or an affiliate of the Company may from time to time make available to the Employee, the Employee shall be entitled to the following during the Employment Term: (a) the standard Company benefits enjoyed by the Company’s other top executives as a group; (b) medical and other insurance coverage (for the Employee and any covered dependents) provided by the Company to its other top executives as a group; (c) supplemental disability insurance sufficient to provide two-thirds of the Employee’s pre-disability Annual Base Salary; (d) an annual incentive bonus opportunity under the Company’s annual incentive plan (“Annual Bonus Plan”) for each calendar year included in the Employment Term, with such opportunity to be earned based upon attainment of performance objectives established by the Committee (“Annual Bonus”). The Employee’s target Annual Bonus under the Annual Bonus Plan shall be no less than 150% of the Employee’s Annual Base Salary (collectively, the target and maximum are referred to as the “Annual Bonus Opportunity”). The Employee’s Annual Bonus Opportunity may be periodically reviewed and increased (but not decreased without the Employee’s express written consent) at the discretion of the Committee. The Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Unless provided otherwise herein or the Board determines otherwise, no Annual Bonus shall be paid to the Employee unless the Employee is employed by the Company, or an affiliate thereof, on the Annual Bonus payment date; and (e) participation in the Company’s equity incentive plans.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period. (b) The Executive shall be enrolled and participate in any retirement, group insurance and other fringe benefit plans and arrangements which are applicable to the similarly situated personnel of the Company and in effect from time to time, if the Executive is eligible therefor, in each case in accordance with and subject to the provisions thereof.

  • Award and Insurance Benefits Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Awards or Insurance Proceeds lawfully or equitably payable in connection with the Property, and Lender shall be reimbursed for any expenses incurred in connection therewith (including attorneys’ fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of Casualty or Condemnation affecting the Property or any part thereof) out of such Insurance Proceeds.

  • WORKERS' COMPENSATION BENEFITS In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • COMPENSATION COVERAGE a) The Employer shall provide coverage to all employees for injury on the job under the Workers’ Compensation Act of the Province of Alberta, or under an Insured Plan which provides coverage of compensation equal thereto.

  • Workmen's Compensation Employee may be entitled to compensation for time loss and disability for injuries or illnesses occurring on-the-job according to the terms of a worker's compensation insurance policy held by Government. Employee is responsible for reporting to Employee's supervisor as soon as practical any on-the-job related injury or illness.

  • Section 607 Compensation and Reimbursement The Company agrees

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