Benefits for Employees Only Sample Clauses

Benefits for Employees Only. (i) Life Insurance - $40,000.00 for all employees. (ii) Dependant Life Insurance Spouse – Life Insurance - $10,000.00 Child – Life Insurance - $5, 000.00 (iii) Accidental Death and Dismemberment - $40,000.00 for all employees. (iv) Weekly Indemnity – payable 1st day of accident or hospitalization; payable after seven (7) days of sickness, 66 2/3% of regular wages up to a maximum payable under the Employment Insurance Act as may be amended from time to time, for twenty-six (26) weeks. Surgery currently performed in a hospital on an out patient basis which previously required at least one (1) overnight stay in hospital shall be deemed to be hospitalization under the weekly indemnity plan. An employee entitled to weekly indemnity and requiring outpatient surgery will be allowed once each contract year to treat the outpatient surgery as hospitalization, provided the employee's medical doctor confirms in writing that the employee was unable to perform his/her regular duties and such conclusion is verified by the insurance carrier as being reasonable. As long as the insuring company will accept faxed transmissions of the weekly indemnity claim forms, the Company will send the claim forms by fax. (v) When payments cease from Weekly Indemnity, Sickness benefits, available through Employment Insurance, will be collected. The last two (2) weeks of payment received from Weekly Indemnity will serve the two (2) week waiting period for EI Sickness Benefits. The basic benefit rate is fifty-five percent (55%) of the employee’s average insured earnings up to a maximum based on the Employment Insurance Guidelines. This benefit is payable for a maximum of fifteen (15) weeks. Fees that are requested by the doctor, for forms/notes regarding your application for EI Benefits, will be reimbursed by the Company. A paid receipt will need to be provided for reimbursement. If required bridge financing will be provided to the employee if there is a delay in receiving EI benefits. The employee is responsible for reimbursing the Company for any bridge financing. This pertains to the fifteen (15) week payable after the Short Term Disability claim has been exhausted. NOTE: The Company’s payments towards all group insurance benefits shall continue during the period that the employee is collecting EI Sickness Benefits. In the case of the Benefit Plan, the employee must continue to pay his/her share of the premiums on a timely monthly basis. Failure to do so, will result in the cancellation ...
Sample 1
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Benefits for Employees Only. (i) Life Insurance - $40,000.00 for all employees. (ii) Accidental Death and Dismemberment - $40,000.00 for all employees. (iii) Weekly Indemnity – payable 1st day of accident or hospitalization; payable after seven (7) days of sickness, 66 2/3% of regular wages up to a maximum payable under the Employment Insurance Act as may be amended from time to time, for twenty-six (26) weeks. Surgery currently performed in a hospital on an out patient basis which previously required at least one (1) overnight stay in hospital shall be deemed to be hospitalization under the weekly indemnity plan. As long as the insuring company will accept faxed transmissions of the weekly indemnity claim forms, the Company will send the claim forms by fax. (iv) When payments cease from Weekly Indemnity, Sickness benefits, available through Employment Insurance, will be collected. The last two (2) weeks of payment received from Weekly Indemnity will serve the two (2) week waiting period for EI Sickness Benefits. The basic benefit rate is fifty-five percent (55%) of the employee’s average insured earnings up to a maximum amount of $413 per week. This benefit is payable for a maximum of fifteen (15) weeks. Fees that are requested by the doctor, for forms/notes regarding your application for EI Benefits, will be reimbursed by the Company. A paid receipt will need to be provided for reimbursement. If required bridge financing will be provided to the employee if there is a delay in receiving EI benefits. The employee is responsible for reimbursing the Company for any bridge financing. NOTE: The Company’s payments towards all group insurance benefits shall continue during the period that the employee is collecting EI Sickness Benefits.
Sample 1
Benefits for Employees Only. (i) Life Insurance - $40,000.00 for all employees. (ii) Accidental Death and Dismemberment - $40,000.00 for all employees. (iii) Weekly Indemnity – Effective June 1, 1998, payable 1st day of accident or hospitalization; payable after seven (7) days of sickness, 66-2/3% of regular wages up to the maximum payable under the Employment Insurance Act as may be amended from time to time, for twenty-six (26) weeks. Surgery currently performed in a hospital on an out patient basis which previously required at least one (1) overnight stay in hospital shall be deemed to be hospitalization under the weekly indemnity plan. As long as the insuring company will accept faxed transmissions of the weekly indemnity claim forms, the Company will send the claim forms by fax. (iv) Long Term Disability – Effective June 1, 1998, payable immediately after an elimination period of twenty-six (26) weeks of weekly indemnity, in the amount of sixty percent (60%) of regular monthly wages, just prior to the disability covered by the long term disability plan, to a maximum monthly benefit of five thousand dollars ($5,000) and subject to such other terms of the CCL Long Term Disability Plan which may be applicable. This benefit is payable until recovery as outlined by the Plan, age sixty-five (65), or death, whichever occurs first.
Sample 1
Benefits for Employees Only. Life Insurance for all employees. Accidental Death and Dismemberment for all employees. Weekly Indemnity Effective June payable 1st day of accident or hospitalization; payable after seven (7) days of sickness, of regular wages up to the maximum payable under the Employment Insurance Act as may be amended time to time, for twenty-six (26) weeks. Surgery currently performed in a hospital on an out patient basis which previously required at least one overnight stay in hospital shall be deemed to be hospitalization under the weekly indemnity plan. NOTE: Weekly Indemnity is payable for non-occupational accident, hospitalization or sickness only. Long Term Disability Effective June payable immediately after an elimination period of twenty-six (26) weeks of weekly indemnity, in the amount of sixty percent (60%) of regular monthly wages, just prior to the disability covered by the long term disability plan, to a maximum monthly benefit of five thousand dollars ($5,000) and subject to such other terms of the Long Term Disability Plan which may be applicable. This benefit is payable until recovery as outlined by the Plan, age sixty-five or death, whichever occurs first.
Sample 1
Benefits for Employees Only. (a) Life Insurance: - three (3) times regular annual earnings. - Maximum Benefit - $250,000.00 (b) Accidental Death and Dismemberment: - Non-Occupational - three (3) times regular annual earnings. - Maximum Benefit - $150,000.00 (c) Weekly Indemnity Plan- Short Term Disability (STD) - 66 2/3% of regular weekly earnings. Maximum of two weeks (10 work days) This weekly Indemnity Plan is to be integrated with benefits provided under the
Sample 1
Benefits for Employees Only 
Sample 1

Related to Benefits for Employees Only

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

  • Benefits for Part-Time Employees ‌ A part-time employee shall receive in lieu of all fringe benefits (being those benefits to an employee, paid in whole or part by the Hospital, as part of direct compensation or otherwise, including holiday pay, save and except salary, vacation pay, standby pay, call back pay, reporting pay, responsibility allowance, jury and witness duty, bereavement pay, and maternity supplemental unemployment benefits) an amount equal to 14% of his/her regular straight time hourly rate for all straight time hours paid.

  • Application for Employment Employee understands and agrees that, as a condition of this Agreement, Employee shall not be entitled to any employment with the Company, and Employee hereby waives any right, or alleged right, of employment or re-employment with the Company. Employee further agrees not to apply for employment with the Company and not otherwise pursue an independent contractor or vendor relationship with the Company.

  • 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.

  • Benefits to Executive Subject to and conditional upon Executive executing this Agreement and not revoking his acceptance hereof within the timeframes specified below, Company agrees to provide Executive with the following benefits:

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Other Employment Benefits During the Employment Term, the Executive shall be entitled to the following employment benefits: (a) four (4) weeks of paid vacation in each fiscal year of EDGEN while the Executive is employed hereunder (one week of which, if not used by the Executive in any given fiscal year, may be carried over to the next fiscal year; provided, that the Executive shall not have more than five (5) weeks of paid vacation in any given fiscal year as a result of such carry over), and sick leave in accordance with EDGEN’s policies from time to time in effect for executive officers of EDGEN; provided, that, except as provided herein, vacation and/or sick leave time not used in any year may not be carried over or transferred from one year to another or converted to cash, except in a year in which there is a Change of Control (as hereinafter defined) where the Executive is no longer employed; (b) participation, subject to qualification requirements, in medical, life or other insurance or hospitalization plans and long-term disability policies which are presently in effect or hereinafter instituted by EDGEN and applicable to its executive officers generally; (c) participation, subject to classification requirements and continued maintenance thereof by EDGEN in other Executive benefit plans, such as pension and profit sharing plans, which are from time to time applicable to EDGEN’s executive officers generally; (d) an automobile allowance of $1,200 per month, which shall be used by the Executive to cover all lease and insurance payments with respect to one automobile of the Executive’s choice for business purposes, which automobile’s retail value shall not exceed $75,000. The Executive shall provide proof of insurance in limits and with a company approved by EDGEN. EDGEN shall also be listed as a “named insured” under the policy. EDGEN shall reimburse the Executive, upon the presentation of appropriate receipts, for all reasonable and necessary maintenance, repair and gasoline costs incurred by the Executive in connection with the use of such automobile; provided, that such costs are directly related to the performance by the Executive of his obligations to EDGEN and/or to Parent hereunder; (e) EDGEN shall purchase (subject to the insurability of the Executive at standard rates) a life insurance policy in the amount of $1,000,000 on the life of the Executive to provide benefits under Section 5.2 (b) hereof; and (f) a supplemental payment of $9500 per annum (the “Supplemental Payment”), which shall be paid in accordance with EDGEN’s customary payroll practices which are in effect from time to time during the Employment Term.

  • Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2. (a) All wages, salaries and other compensation paid to employees of the Project, including, but not be limited to, unemployment insurance, social security, worker's compensation, employee benefit packages and other charges imposed by a governmental authority or provided for in a union agreement, shall (a) as to employees of Manager or any Subcontractor, be reimbursed by Owner to Manager (or directly to the applicable Subcontractor, if requested by Manager) without profit or mark-up, and (b) as to employees of Owner, be paid directly by Owner. Xxnager shall coordinate all disbursements and deposits for all compensation and other amounts payable with respect to persons employed in connection with the operation of the Project from an appropriate Project Account. Manager shall maintain complete payroll records for all employees. (b) In addition to the employment of employees set forth on Schedule 3, Manager may, in its discretion, from time to time employ personnel of its general operations to perform direct special services for the benefit of the Project; provided, however, that Manager shall obtain the prior approval of Owner for the employment of such special personnel, except in emergency situations or when timing requirements do not allow for such prior approval. Owner shall reimburse Manager for such direct services rendered by special personnel in an amount commensurate with normal and customary charges for such services by similarly qualified persons. Persons whose compensation may not be charged to Owner for services rendered to the Project includes the general asset management personnel of Manager who are not on-site of the Project.

  • Benefits; Vacation Employee shall be eligible to receive all benefits as are available to similarly situated employees of Employer generally, and any other benefits that Employer may, in its sole discretion, elect to grant to Employee from time to time. In addition, Employee shall be entitled to four (4) weeks paid vacation per year, which shall be pro-rated for the first partial year of employment and shall accrue in accordance with Employer’s policies applicable to similarly situated employees of Employer.

  • EMPLOYMENT TERM AND COMPENSATION A. The Board hereby employs the Employee for a salary of $6,769 per bi-weekly pay period ($175,997/Annualized), payable in installments less any legally authorized deductions as the D71, Director, Application Development. B. The term of this contract shall commence on 7/1/2024 and terminate on 6/30/2025. C. The Board shall designate eight and one-half (8.5) percent of Employee’s SURS-eligible earnings as the Board contribution on behalf of the Employee in satisfaction of the Employee's required contribution to the Illinois State Universities Retirement System. The purpose of this section is to allow such Board contribution for retirement to be tax sheltered after the qualifying period of time has been met and to the extent allowed by the appropriate statutes and regulations. Both parties acknowledge that the Employee did not have the option of choosing to receive the contributed amounts directly, instead of having such contributions paid by the Board to the State Retirement System, and that such contributions are made as a condition of employment to secure the Employee's future services, knowledge and experience.

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