Benefits Programs. Members of the bargaining unit are eligible to participate in the College's benefits program including: • State Teachers Retirement System (STRS), or Alternate Retirement Plan (ARP) • Tuition Waiver • Tuition Reimbursement • Paid Holidays • Sick Leave/Personal Leave • Vacation • Health Insurance, Prescription Drug Plan, Dental Plan, and Vision Care Plan • Employee Assistance Plan • Short-Term Disability Plan • Group Life Insurance • Free Parking • Cash payment for Sick/Personal Leave • Payment for Unused Sick leave upon Retirement or other Leave Taking • Retirement and Residual Benefits • Family Leave • Health and Wellness Program
Benefits Programs. You will be eligible to participate in Stryker’s comprehensive package of benefits pursuant to the terms and conditions of the guiding benefits plans. As may be in effect from time to time, which currently includes the following: • Comprehensive health insurance plan including medical, dental, vision and prescription drug coverage; • Basic Term Life Insurance coverage, with supplemental coverage available at an additional cost; • Short-Term and Long-Term Disability coverage; • Opportunity to participate in discounted Stryker Stock Purchase Plan; • Stryker 401(k) Savings and Retirement Plan; • Stryker’s Supplemental Savings and Retirement Plan, in accordance with the terms of such plan subject to your start date and Stryker approval. • Company matching contributions – After the close of each year, Stryker currently matches all or a portion of your contributions according to Plan guidelines. Stryker currently contributes $.50 for every $1.00 you contribute, up to a maximum of 4% of your eligible earnings. Additionally, Stryker may contribute a percentage of your eligible earnings as a discretionary contribution. Historically, 7% of eligible earnings have been contributed. • More information about Xxxxxxx’x current benefits can be found in Stryker’s 2020 Benefits at a Glance at xxxxx://xxxxxxxxxxxx.xxxxxxx.xxx/- /media/Mercer/Stryker/Documents/2020_benefits_glance.ashx In addition, you will participate in Stryker benefits programs at the level of similarly situated Stryker executives, as determined by Stryker, subject to the terms and conditions of any applicable benefit policy, the applicable plan documents and the discretion of the Board or any administrative or other committee provided for under or contemplated by each plan. Please note that Stryker’s benefits are subject to change or modification, and may be discontinued, at the exclusive discretion of Stryker.
Benefits Programs. On the Merger Date, the Employee shall become fully vested in all awards theretofore granted to him and/or entitlements under the FHC 1990 Stock Option Plan and the FHC Supplemental Executive Retirement Plan (the "SERP"). If the Employee notifies the Company no later than the Merger Date that he elects to receive the SERP Amount (as defined below), on the later of the Merger Date or two business days after such notice is given, pursuant to and in full satisfaction of the Company's obligations to the Employee under the SERP, the Company shall pay to the Employee in a lump sum in cash $1,318,000 (the "SERP Amount"). The SERP Amount equals 90% of the actuarial equivalent of the Employee's Retirement Benefit (as defined in the SERP) as of December 31, 1996, as determined by FHC's independent actuarial firm, Millxxxx & Xobexxxxx, Xxc., using reasonable assumptions. If the SERP Amount is not paid, the terms of the SERP as in effect on the Merger Date shall remain in full force and effect; provided, however, that the actuarial equivalents for purposes of calculating lump sum payments under the SERP will be based on the 1983 group annuity mortality table blended 50% male and 50% female, and the average 30 year Treasury yield rate for the month prior to the month of the lump sum payment.
Benefits Programs. Buyer’s participation in Digital Angel’s health and other employee benefit plans and insurance programs, including medical, hospitalization, dental, vision, disability and life, as well as Buyer’s participation in the Digital Angel 401(k) Plan (the “DA Plan”), shall cease no later than January 1, 2009. Buyer and Digital Angel shall take all action necessary to spin-off the assets of the DA Plan attributable to employees of Buyer into a separate defined contribution plan (the “Spun-Off Plan”), the terms of which will be substantially identical to the DA Plan, as soon as practicable after Closing. No distribution of account balances shall be made to any employees of Buyer solely as a result of the transactions contemplated by this Agreement, including the cessation of Buyer’s status as a participating employer in the DA Plan.
Benefits Programs. The Laboratory presently has in effect group ben- efit plans covering:
a. Medical (including Retiree Medical) b. Dental
Benefits Programs. A. Employees covered by this MOU who are otherwise eligible may participate in the benefit programs (health and other insurance plans) offered by the State of Maryland and the University System of Maryland on the same basis and subject to the same terms and conditions including the payment of all applicable premiums, co-pays, deductibles, and other fees and expenses as established for other University and state employees. At the time this MOU was negotiated, these benefits included:
1. Medical Plans
2. Vision Plans
3. Term Life Insurance
4. Personal Accidental Death and Dismemberment
5. Law Enforcement Officers Pension System
Benefits Programs. The County shall provide a fixed elective contribution towards the cost of CalPERS health plans as follows: o $817 for employee only o $1,682 for employee plus one o $2,156 for employee plus family • For each month that the full County non-elective and elective contributions are not used by an employee to obtain benefit options under this plan (excluding optional post-tax benefits), the full amount of funds not utilized shall be forfeited. • In exchange for a defined elective County contribution towards the cost of CalPERS health plans, the County shall establish a Governmental 401(a) plan for each employee and contribute a total of $250 per month on behalf of the employee effective January 2022.
Benefits Programs. In addition, you will be entitled to participate in the Company’s comprehensive benefits programs at the level of similarly situated senior executive employees, subject to the terms and conditions of any applicable benefit policy or plan document. Subject to the terms of the plans and applicable law, such benefits currently include among other things: comprehensive health insurance plan and 20 days of vacation annually, which will be accrued per pay period, based on date of hire. Your participation will be subject to the terms of the applicable plan documents and applicable Company policies, and any other restrictions or limitations imposed by law. The Company reserves the right to amend, modify, cancel or terminate the benefit plans and programs it offers to its employees at any time.
Benefits Programs. The Hospital shall provide the following benefits to all eligible bargaining unit employees. Eligibility criteria and premium costs/participation shall be uniformly applied to bargaining unit employees the same way as for other Springfield staff. The plans are subject to change, provided such changes are uniformly applied to Springfield staff participating in such plans. Springfield shall provide the Union 30 days advance notice of any material changes. Health Insurance. Springfield shall pay the following percent of the premiums: Gold Silver HSA Full-Time 80.53% 84% 91.3% Part-Time 50% 50% 50% • Dental Insurance • Vision • Life Insurance • Short-Term and Long-Term Disability • Insurance • Retirement Plan • Flexible Spending Account
Benefits Programs. The Laboratory presently has in effect group benefit plans covering:
a. Major Medical Insurance
b. Hospital and Surgical expenses
c. Long Term Disability Insurance
d. Life Insurance, including Accidental Death or Dismemberment.
