Definition of Benefits Sample Clauses

Definition of Benefits. Health insurance is defined as medical (including prescriptions), dental and vision coverage. Employees may not separately select one or more of these coverages; all three are provided as a “bundled” benefit. The District shall continue to offer a Section 125 Cafeteria Plan that provides the option of pre-tax insurance premiums as well as supplemental health and accident insurance for eligible employees, as defined by the current plan.
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Definition of Benefits. If an employee meets the eligibility criteria in Section A, above, the following supplemental benefits will be provided by the District upon retirement: 1. A minimum monthly stipend of $225 for full-time (1.0 FTE) employees will begin in the month following retirement and continue for eighty-four (84) months or until the retiree is eligible for Medicare, whichever comes first. The monthly stipend amount will be pro-rated for retirees who have worked less than 1.0
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Definition of Benefits. The Board considers, but does not limit, the following items as Board-provided benefits: Medical Insurance, Dental Insurance, Life Insurance, Disability Insurance, Cash Option, Vision Reimbursement, Tuition Reimbursement, Leave Time, and Professional Organizations and Literature.
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Definition of Benefits. If an employee meets the eligibility criteria in Section A, above, the following supplemental benefits will be provided by the District upon retirement: 1. A minimum monthly stipend of $225 for full-time (1.0 FTE) employees will begin in the month following retirement and continue for eighty-four (84) months or until the retiree is eligible for Medicare, whichever comes first. Their monthly stipend will be prorated based on the average of the highest 15 or 20 years of FTE, as applicable, that they have worked. 2. The monthly stipend will be increased by one of the following amounts based on the accumulation of unused sick leave, subject to the pro-rata calculation for retirees who have worked less than 1.0 FTE: 0 – 149.99 unused sick leave days = $0 per month 150 – 199.99 unused sick leave days = $50 per month 200- 249.99 unused sick leave days = $75 per month 250 or more unused sick days = $100 per month 3. The District will provide access to medical insurance for the retiree and the retiree’s spouse/domestic partner (see District Policy) and dependent children until the retiree is eligible for Medicare. Only the individuals covered by the group medical insurance at the time of the employee’s retirement will be eligible to have access. New dependents due to a change in family status after retirement (for example, marriage, birth of a child, adoption of a child) may not be added to the retiree’s medical coverage. Such medical coverage shall be the same as that provided through the group plan for current employees of the District. a. Effective January 1, 2013, the retiree will pay the following percentage of the medical insurance premium: Retiree only - single party plan - 5% Retiree and children - 15% Retiree and spouse - 18% Full Family - 19% The District will pay the remainder of the premium until the retiree is eligible for Medicare. For retirees with single-party coverage the retiree contribution will be capped at a maximum of $225.00 per month. b. The stipend and the insurance coverage shall cease: upon the retiree’s reemployment in the field of public education in Oregon (except for substituting) a 1039 contract of .5 FTE or more with the District, or upon the death of the retiree. c. When the retiree’s medical coverage is terminated, access to medical insurance shall be made available for the spouse/domestic partner of a retired employee until the spouse/domestic partner becomes eligible for Medicare, as provided under ORS 243.303. The child of a re...
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Definition of Benefits. A unit member necessarily absent from duty because of occupational injury or disease as defined in Workers' Compensation Law, who is allowed leave from his/her position for a period of absence necessitated by such injury or disease shall: 15.1.1 Report any occupational injury or disease immediately to the employee's supervisor or in absence of immediate supervisor, to next higher level in chain of command. 15.1.2 Receive full pay for up to the first sixty (60) working days of such absence to the extent of accrued sick leave, for each separate injury or disease. 15.1.3 If a physician's statement is submitted to the unit member's immediate supervisor, which substantiates the necessity of absence due to occupational injury or disease, the use of such leave will be waived with the approval of such supervisor if the absence is between one (1) and sixty (60) days. 15.1.4 If the unit member is required by a physician to be admitted as an inpatient to a hospital during the first sixty (60) days of such absence as a result of such injury or disease, the unit member will not be required to charge leave credits as stated in (15.1.2) above. 15.1.5 If the unit member is eligible to receive Workers Compensation benefits as a result of such injury or disease, when such determination is made by the Workers Compensation Board or the Southern Adirondack Public Schools Workers' Compensation Plan, the unit member will receive from BOCES the difference between his/her normal gross pay, in the form of compensation leave pay, and the Workers Compensation Benefit and no absences will be charged to the unit member's sick leave accrual, including the initial days used pursuant to (15.1.2) above. 15.1.6 Compensation leave pay will not exceed a cumulative total of six (6) months as a result of separate injury or disease. BOCES payments will cease after the expiration of these six (6) months and the unit member will not be entitled to apply for sick leave for any remaining absences due to that injury or disease. Upon the employees return to work without restrictions a subsequent work related injury or disease will be considered a new injury or disease for the purposes of this section.
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Definition of Benefits. (i.) Unlimited telephone consultations with a participating Plan Attorney on new legal matters for up to thirty minutes each. This means you may call again on any new matter, but you may not call again for a free follow up consultation relating to a factually or legally similar matter already discussed with a Plan Attorney. If follow up consultations are required on the same matter, Plan Attorney may be retained at their prevailing rate less 25% Member discount or for their flat fee services. (ii.) Review by a Plan Attorney of legal documents up to five (5) or ten (10) pages, depending on plan selected, limited to review of one (1) document for each new legal matter. For each document review, you will receive one (1) telephone consultation about the reviewed document and a written summary of such consultation. Review of legal documents may not include review of any document related to or connected with a lawsuit or other adversarial proceeding, such as a summons and complaint in a civil action, a subpoena, an application for wage garnishment, writ or any other litigation-related document. Review of additional pages (i.e. over 5 or 10 pages depending on what plan you select) will be charged at $25 per page, per review. (iii.) Up to six (6) telephone calls or letters (at Plan Attorney’s discretion) on your behalf per year, limited to one per month, either for debt collection assistance and/ or cease and desist demands, depending on what plan you select. (iv.) Flat fee services offered at special Member rates. These vary by Plan Attorney. Please inquire with Plan Attorney for a list of their flat fee services. (v.) 25% off the hourly rate of Plan Attorney for any other matters or services not covered in the above.
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Definition of Benefits. 1.1 In this agreement, Benefits means those financial supports the client is eligible to receive from Canada Pension Plan Disability Benefit.
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Related to Definition of Benefits

  • Calculation of Benefits Immediately following delivery of any Notice of Termination, the Company shall notify the Executive of the aggregate present value of all termination benefits to which he would be entitled under this Agreement and any other plan, program or arrangement as of the projected Date of Termination, together with the projected maximum payments, determined as of such projected Date of Termination that could be paid without the Executive being subject to the Excise Tax.

  • Limitation of Benefits (a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any benefit, payment or distribution by the Company or any of its direct and/or indirect subsidiaries to or for the benefit of Employee (whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise, but determined without regard to any additional payments required under this Section 18) (such benefits, payments or distributions are hereinafter referred to as “Payments”) would, if paid, be subject to the excise tax imposed by Section 4999 of the Code (the “Excise Tax”), then, prior to the making of any Payments to Employee, a calculation shall be made comparing (i) the net after-tax benefit to Employee of the Payments after payment by Employee of the Excise Tax, to (ii) the net after-tax benefit to Employee if the Payments had been limited to the extent necessary to avoid being subject to the Excise Tax. If the amount calculated under (i) above is less than the amount calculated under (ii) above, then the Payments shall be limited to the extent necessary to avoid being subject to the Excise Tax (the “Reduced Amount”). The reduction of the Payments due hereunder, if applicable, shall be made by first reducing cash Payments and then, to the extent necessary, reducing those Payments having the next highest ratio of Parachute Value to actual present value of such Payments as of the date of the change of control, as determined by the Determination Firm (as defined in Section 18(b) below). For purposes of this Section 18, present value shall be determined in accordance with Section 280G(d)(4) of the Code. For purposes of this Section 18, the “Parachute Value” of a Payment means the present value as of the date of the change of control of the portion of such Payment that constitutes a “parachute payment” under Section 280G(b)(2) of the Code, as determined by the Determination Firm for purposes of determining whether and to what extent the Excise Tax will apply to such Payment. (b) All determinations required to be made under this Section 18, including whether an Excise Tax would otherwise be imposed, whether the Payments shall be reduced, the amount of the Reduced Amount, and the assumptions to be used in arriving at such determinations, shall be made by an independent, nationally recognized accounting firm or compensation consulting firm mutually acceptable to the Company and Employee (the “Determination Firm”) which shall provide detailed supporting calculations both to the Company and Employee. All fees and expenses of the Determination Firm shall be borne solely by the Company. Any determination by the Determination Firm shall be binding upon the Company and Employee. As a result of the uncertainty in the application of Section 4999 of the Code at the time of the initial determination by the Determination Firm hereunder, it is possible that Payments hereunder will have been unnecessarily limited by this Section 18 (“Underpayment”), consistent with the calculations required to be made hereunder. The Determination Firm shall determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of Employee, but no later than March 15 of the year after the year in which the Underpayment is determined to exist, which is when the legally binding right to such Underpayment arises.

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Duplication of Benefits Grantee shall not carry out any of the activities under this Agreement in a manner that results in a prohibited duplication of benefits as defined by Section 312 of the Xxxxxx X. Xxxxxxxx Disaster Relief and Emergency Assistance Act (42 U.S.C. 5155) and in accordance with Section 1210 of the Disaster Recovery Reform Act of 2018 (division D of Public Law 115-254; 132 Stat. 3442), which amended section 312 of the Xxxxxx X. Xxxxxxxx Disaster Relief and Emergency Assistance Act (42 U.S.C. 5155). In consideration of Grantee’s receipt or the commitment of CRF funds by Florida Housing, Grantee hereby assigns to Florida Housing all of Grantee’s future rights to reimbursement and all payments received from any grant, subsidized loan or any other reimbursement or relief program related to the basis of the calculation of the portion of the funds committed to the Grantee under this Agreement and determined to be a Duplication of Benefits (DOB). Any such funds received by the Grantee shall be referred to herein as “additional funds.” Grantee agrees to immediately notify Florida Housing of the source and receipt of additional funds received by the Grantee that are determined to be a DOB. Grantee agrees to reimburse Florida Housing for any additional funds received by Grantee if such additional funds are determined to be a DOB by Florida Housing, the Federal awarding agency or an auditing agency.

  • Duration of Benefits Eligibility for Income Protection benefits will cease upon the earliest of the following dates: 1.09.01 the date the member is no longer disabled from performing the duties of their regular position, or any alternative employment made available to the member by the City. 1.09.02 the date the member's Income Protection benefits have been expended. 1.09.03 the date the member dies.

  • Cessation of Benefits An employee shall cease to be eligible for benefits of this Plan at the earliest of the following dates: (a) at the end of the month in which the employee reaches his/her sixty-fifth (65th) birthday; (b) on the date of commencement of paid absence prior to retirement; (c) on the date of termination of employment with the Employer. Benefits will not be paid when an employee is serving a prison sentence. Cessation of active employment as a regular employee shall be considered termination of employment except when an employee is on authorized leave of absence with or without pay.

  • Retention of Benefits Union leave under the following four (4) sections will be unpaid. The Employer will maintain regular pay and xxxx the Union for the costs of the employee’s salary and benefits. If the Union member is part-time or casual, and the leave is greater than their normal work hours, the Employer will pay the employee for the full length of the leave requested by the Union. The Employer will xxxx the Union for these days as noted above. The Union will pay these invoices within twenty-eight (28) days. Union leave is not unpaid leave for the purposes of Article 22.02 [i.e. such leave will not affect the employee’s benefits, seniority or increment anniversary date].

  • Non-Duplication of Benefits Executive is not eligible to receive benefits under this Agreement more than one time.

  • No Duplication of Benefits For the avoidance of doubt, in no event will Executive be entitled to benefits under Section 4.4.3(i) and Section 4.4.3(ii). If Executive commences to receive benefits under Section 4.4.3(i) due to a qualifying termination prior to a Change in Control and thereafter becomes entitled to benefits under Section 4.4.3(ii), any benefits previously provided to Executive under Section 4.4.3(i) shall offset the benefits to be provided to Executive under Section 4.4.3(ii) and shall be deemed to have been provided to Executive pursuant to Section 4.4.3(ii).

  • Description of Benefits The benefits available under this Plan will be as defined in Items F(1), F(3), and F(4) of the Adoption Agreement.

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