Cafeteria/Flexible Benefits Plan Sample Clauses

Cafeteria/Flexible Benefits Plan. 1. The Board shall provide health insurance coverage for teachers. Proposed changes to insurance coverage shall be discussed with the Insurance Committee and approved upon written agreement of the Superintendent or designee and the Union President. Any of such coverage may be amended upon the giving of reasonable notice to all teachers. Teachers are not required to take District provided medical insurance. The Board shall pay 100% of the single dental premium for each teacher. By no later than July 15 of each fiscal year, the Board shall notify teachers of the upcoming school year’s insurance rates for single and single plus categories. The Board shall pay flex monies to each teacher in an amount equal to five thousand five hundred seventy-three dollars and sixty-three cents ($5,573.63) toward the cost of Board provided or privately obtained health insurance coverage. The Board shall pay sixty percent (60%) of the difference between the cost of the single health premium and the cost of the single plus/family premiums for teachers who select such coverage. The Board shall bear the responsibility of covering any additional premium costs above the yearly allotted flex monies for Board provided single medical coverage. The Board shall provide a vision coverage option. The Board shall pay for single coverage vision insurance for each teacher. Should the teacher elect single plus one (1) or family coverage, the teacher shall be responsible to pay the difference between the cost of the elected coverage and the cost of the single coverage. The Board shall provide each teacher with a twenty-five-thousand-dollar ($25,000) district- purchased life insurance policy. Teachers may choose to purchase additional coverage at their own expense.
Sample 1
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Cafeteria/Flexible Benefits Plan. 1. The Board shall retain all insurance coverage as provided teachers at the outset of the 2009- 2010 school year, provided upon written agreement of the Superintendent or designee and the Union President or designee, any of such coverage’s may be amended upon the giving of reasonable notice to all teachers. Teachers are not required to take District provided medical insurance. The Board shall pay 100% of the single dental premium for each teacher. By no later than July 15 of each fiscal year, the Board shall notify teachers of the upcoming school year’s insurance rates for single and single plus categories. The Board shall pay flex monies to each teacher in an amount equal to four thousand eight hundred twenty-eight dollars ($4,828) toward the cost of Board provided or privately obtained health insurance coverage. The Board shall pay forty percent (40%) of the difference between the cost of the single health premium and the cost of the single plus/family premiums for teachers who select such coverage up to a maximum of: two hundred fifty thousand dollars ($250,000) in 2009-2010; three hundred thousand dollars ($300,000) in 2010-2011; three hundred fifty thousand dollars ($350,000) in 2011-2012; and four hundred thousand dollars ($400,000) in 2012-2013. The Board shall bear the responsibility of covering any additional premium costs above the yearly allotted flex monies for Board provided single medical coverage.
Sample 1
Cafeteria/Flexible Benefits Plan. The Board shall maintain a cafeteria/flexible benefits plan, which meets the requirements of Section 125 of the Internal Revenue Code of 1986 as amended (“Code”). If at any time, Code Section 125 or its related regulations are amended, the parties shall promptly revise the plan to comply with the amendment(s). An employee may elect to participate by choosing to receive benefits as provided under the District’s plan for the purposes set forth below to the amounts allowable as set forth in applicable Internal Revenue Guidelines and Regulations. The total amount(s) of the benefits elected pursuant to the plan shall be deducted in equal amounts from the employee’s salary payments during the plan year, unless otherwise specified. Prior to the beginning day of the plan year, each employee shall, in writing, designate the dollar amount(s) elected for that year for each of the following benefits:
Sample 1

Related to Cafeteria/Flexible Benefits Plan

  • Flexible Benefits Plan A flexible benefits plan, which is in accordance with Section 125 of the Internal Revenue Code, was implemented for eligible employees covered by this Agreement on October 1, 1990.

  • FLEXIBLE BENEFITS PROGRAM 24-1 All employees covered by this agreement are eligible to participate in CMU Choices, the University's Flexible Benefit Program.

  • Flexible Benefit Plan The Board shall provide the following flexible benefit plan to employees who are paid more than twenty (20) hours per week. All employee benefits plans provided by the Board under this Article shall have plan years based on the calendar year. No Coverage - Employees who produce proof of other medical insurance coverage may elect no coverage. Those electing no coverage as of June 30, 2001, will receive a cash "buy-out" equal to 40% of the annual premium for the “Point-of-Service Plan Individual Coverage” up to $1,220.44 per year. Any employee receiving a cash “buy-out” who elects coverage on or after July 1, 2001will no longer be eligible to receive the cash “buy-out” at a later date. DENTAL Traditional - See Traditional Dental Chart below. No Coverage - Employees may elect no coverage. Those electing no coverage as of June 30, 2001, will receive a cash "buy-out" equal to 40% of the annual premium for "Traditional Individual Coverage” up to $89.70 per year. Any employee receiving a cash “buy-out” who elects coverage on or after July 1, 2001, will no longer be eligible to receive the cash “buy-out” at a later date. TRADITIONAL DENTAL NO DEDUCTIBLE 100%** Emergency treatment Oral examinations X-Rays Teeth cleaning Fluoride treatments for children to age 19 Space maintainers Preventative Services PER PERSON PER CALENDAR YEAR DEDUCTIBLE* 80%** Laboratory tests Fillings Amalgam Silicate Acrylic Root canal Repair and maintenance of bridgework and dentures Periodontal services Extractions and other oral surgery Anesthesia Basic Services PER PERSON PER CALENDAR YEAR DEDUCTIBLE* 50%** Gold and porcelain fillings and crowns Installation of bridgework and crowns Orthodontia (subject to separate $2,500 lifetime maximum per person) – Effective January 1, 2017 Major Services $1,500 Per Person - Calendar Year Maximum** $2,000 Per Person – Calendar Year Maximum** (Effective January 1, 2017) * $50 per person; $150 - Family maximum - when three (3) Family Members have each met the $50 Deductible - See the Schedule of Insurance. **Paid by Traditional Dental.

  • Flexible Benefits Insurance Program

  • Cafeteria Plan As of the Benefit Commencement Date, New Parkway or any of its Subsidiaries shall establish a cafeteria plan qualifying under Section 125 of the Code (the “New Parkway Cafeteria Plan”) and health care and dependent care flexible spending reimbursement accounts thereunder in which Transferring Employees who meet the eligibility criteria thereof may be immediately eligible to participate. As soon as practicable following the Benefit Commencement Date, the Cousins Group shall determine the aggregate accumulated contributions to the flexible spending reimbursement accounts under Cousin’s cafeteria plan or Legacy Parkway’s cafeteria plan, as applicable, in which such Transferring Employees participated (the “Cousins Cafeteria Plans”) made during the year in which the Distribution Date occurs by the Transferring Employees less the aggregate reimbursement payouts made for such year up to the day immediately prior to the Benefit Commencement Date from such accounts to such Transferring Employees (the “Net FSA Balance”). If the Net FSA Balance is (a) positive, the Cousins Group shall pay to the New Parkway Group an amount in cash equal to the Net FSA Balance or (b) negative, the New Parkway Group shall pay to the Cousins Group, the absolute value of the Net FSA Balance attributable to Transferring Parkway Employees. New Parkway or its applicable Subsidiary shall cause the balance (whether positive or negative) of each Transferring Employee’s accounts under the Cousins Cafeteria Plans as of the Benefit Commencement Date to be credited to the Transferring Employee’s corresponding accounts under the New Parkway Cafeteria Plan in which such Transferring Employee participates following the Benefit Commencement Date. On and after the Benefit Commencement Date, New Parkway shall assume and be solely responsible for all claims for reimbursement by the Transferring Employees with respect to the plan year that includes the Distribution Date, whether incurred prior to, on or after the Distribution Date, that have not been paid in full as of the Benefit Commencement Date, which claims shall be paid pursuant to and under the terms of the New Parkway Cafeteria Plan. New Parkway agrees to cause the New Parkway Cafeteria Plan to honor, through the end of the calendar year in which the Distribution Date occurs, the elections made by each Transferring Employee under the Cousins Cafeteria Plans in respect of the flexible spending reimbursement accounts that are in effect immediately prior to the Benefit Commencement Date.

  • Flexible Flexible and agile in practices, process, and guidelines to recognise and reward performance;

  • HEALTH & WELFARE BENEFITS Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

  • Salaried Employees 1. Employees in this unit who qualify for exemption from the FLSA overtime provisions based upon duties and who are assigned to a class or pay grade, if the class has multiple pay grades, with a top step regular biweekly rate, without bonuses, above the top step regular biweekly rate for the class of Shift Superintendent Wastewater Treatment I shall be treated as salaried employees, in accordance with the provisions of the FLSA as identified in Los Angeles Administrative Code section 4.113(b). Salaried employees may be assigned 5/40, 4/10, 9/80 or other schedules at the discretion of Management. Notwithstanding any LAAC and MOU provisions, or other City department rules and regulations to the contrary, these employees shall not be required to record specific hours of work for compensation purposes, although hours may be recorded for other purposes. These employees will be paid the predetermined salary for each biweekly pay period, as indicated in the appropriate salary appendices, and shall not receive overtime compensation. Salaried employees shall not be subject to deductions from salary or any leave banks for absence from work for less than a full workday. This provision applies to occasional partial day absences from work which is authorized by the appropriate supervisor designated by management. This provision does not apply to long-term or recurring partial day absences (e.g., intermittent leave/reduced work schedule for purposes of Family/Medical Leave). Salaried employees shall not be subject to disciplinary suspension for a period of less than a workweek (seven days; half of the biweekly pay) unless based on violations of a safety rule of major significance. This requirement shall be superseded by the revised Department of Labor FLSA regulations pertaining to disciplinary suspensions of FLSA-exempt employees on the operative date of the FLSA regulations. The appointing authority of each City department may grant time off for hours worked due to unusual situations.

  • HEALTH AND WELFARE BENEFITS (Article 17 applies to full-time nurses only)

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

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