Economic Fringe Benefits Sample Clauses

Economic Fringe Benefits. Tutors working a minimum of 15 hours per week have the option to purchase benefits.
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Economic Fringe Benefits. Building Substitutes working a minimum of 15 hours per week have the option to purchase benefits.
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Economic Fringe Benefits. At the beginning of the school year, the treasurer shall provide the Joint Committee on Insurance (JCOI) with the tables of the prorated calculations procedures for cost of any economic fringe benefits. Each bargaining unit member shall receive a copy of all insurance plans in effect. For each full-time employee the Board shall pay the full cost of the Premiums for the insurance plans offered. 1. The Association has agreed that the Board has the authority to enter into a Self- Funded Insurance Plan. However, the self-insurance must be in accordance with the following terms: a. The change to a self-funded insurance program will be instituted with a same carrier, same benefits philosophy. b. The self-funded hospitalization and medical benefits accounts will be funded at 87% for the 2020-21 school year; 86% for the 2021-22 school year; and 85% for the 2022-23 school year of the insurance costs as calculated by the joint health care committee. The self-funded dental, vision and prescription drug benefit accounts will be funded at 87% for the 2020- 21 school year; 86% for the 2021-22 school year; and 85% for the 2022-23 school year of the insurance costs as calculated by the joint health care committee. No transfer of funds from the self-insurance fund to any other fund under the control of the Board of Education will be permitted. c. All premiums paid will be deposited no later than the last business day of each month to a separate fund established in accordance with State Law and all income earned through investment of excess funds or other income generated as the result of the self-funded insurance program will be credited to the self-funded insurance program for the benefit of the fund. d. The Board shall not borrow against any reserves in the self-funded insurance account for any other school needs. e. The Board recognizes, during the term of any agreements now in effect between the Board and the Elyria Education Association, that any modifications, changes and/or alterations regarding the specification for the insurance coverages on specific benefits shall be recommended by consensus of the JOINT COMMITTEE ON INSURANCE (“JCOI”) and ratified by the Board and the Association. f. The Board, in concert with the Elyria Education Association (EEA), will establish funding targets annually that will outline the level of internal rate stabilization expectations for the program. g. The Joint Committee on Insurance shall have the authority to investigate cost contai...
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Economic Fringe Benefits. All benefits covered in this section are available to full-time teachers. Teachers employed on a less than full-time basis will have these benefits available on a pro-rata basis, unless otherwise specified in individual sections, or prohibited by contracts with outside providers.
Sample 1
Economic Fringe Benefits. The administrators shall receive the following economic fringe benefits as outlined. • Members of the bargaining unit who were twelve-month administrators prior to January 1, 1999 shall receive twenty (20) days of vacation after one (1) year of service. Ten (10) vacation days may be taken during the academic year with the approval of the Superintendent, providing appropriate internal coverage can be arranged (12 Month personnel).). All twelve (12) month employees hired/or appointed after, upon completion of the first year of employment, will receive twelve (12) vacation days per year after completion of his or her first year of employment, the administrator shall receive fifteen (15) vacation days upon completion of the of three years of service and twenty (20) vacation days after the completion of six years of service. • Insurance Protection (identical to the teachers’ agreement). A. The Board shall provide the Health Care Insurance protection designated below. The Board shall pay the full family premium for each employee. 1. Provisions of the health-care insurance program shall be detailed in master policies and the contract agreed upon by the Board and the Association. a. Add birth control to the prescription plan for all employees. b. Add for adults and children an orthodontic plan (50% reimbursement, maximum to $2,000). c. Increase the dental annual maximum to $2,000. d. Establish a 125 plan (allows spouses who have dual health coverage to withdraw, 50% of the premium savings to the employee and 50% savings to the Board, renewed annually). medical cost fund. This plan also provides for a childcare and reimbursement e. The effective date of this change is November 1, 2004
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Economic Fringe Benefits 
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Related to Economic Fringe Benefits

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to such fringe benefits and perquisites as are provided by the Company to its senior executives from time to time, in accordance with the policies, practices and procedures of the Company, and shall receive such additional fringe benefits and perquisites as the Company may, in its discretion, from time-to-time provide.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Customary Fringe Benefits Executive will be eligible for all customary and usual fringe benefits generally available to executives of Company subject to the terms and conditions of Company’s benefit plan documents. Company reserves the right to change or eliminate the fringe benefits on a prospective basis, at any time, effective upon notice to Executive.

  • Fringe Benefit The benefits provided by this Agreement are granted by the Employer as a fringe benefit to the Executive and are not a part of any salary reduction plan or any arrangement deferring a bonus or a salary increase. The Executive has no option to take any current payments or bonus in lieu of the benefits provided by this Agreement.

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

  • 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.

  • Vacation and Fringe Benefits During the Employment Period, the Executive shall be entitled to paid vacation and fringe benefits at a level that is commensurate with the paid vacation and fringe benefits available to the Executive immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available from time to time to the Executive or other similarly situated officers at any time thereafter.

  • Expenses and Fringe Benefits During the Contract Period, the Executive shall be entitled to reimbursement for all business expenses incurred by him with respect to the business of the Employer in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control, PROVIDED, HOWEVER, that if the deduction by Employer for federal income tax purposes of any expense which is incurred by Executive and reimbursed to Executive by Employer is disallowed as a result of not being an ordinary and necessary business expense under the then current version of Section 162 of the Internal Revenue Code, then Executive shall repay the amount of such reimbursed expense to Employer; AND FURTHER PROVIDED that, notwithstanding the foregoing clause of this sentence, Executive shall not be obligated to repay to Employer any business expense incurred by him and reimbursed to him by the Bank the deductibility of which is prohibited or limited by the application of a specific statutory, regulatory or administrative principle, and which would otherwise be deductible to Employer as an ordinary and necessary business expense under the then current version of Section 162 of the Internal Revenue Code. Executive consents to the withholding by Employer of any such amount from that paycheck of Executive which immediately succeeds the final disallowance by the Internal Revenue Service of the deduction of such reimbursed expense, but only if the withholding of such amount would not violate applicable wage and hour laws. If prior to the Change in Control, the Executive was entitled to the use of an automobile, he shall be entitled to the same use of an automobile at least comparable to the automobile provided to him prior to the Change in Control, and he shall be entitled to vacations and sick days, in accordance with the practices and procedures of the Employer, as such existed immediately prior to the Change in Control. During the Contract Period the Executive also shall be entitled to hospital, health, medical and life insurance, and any other benefits enjoyed, from time to time, by executive officers of the Employer, all upon terms as favorable as those enjoyed by other executive officers of the Employer. Notwithstanding anything in this section to the contrary, if Employer adopts any change in the expenses allowed to, or fringe benefits provided for, executive officers of Employer, and such policy is uniformly applied to all executive officers of Employer, then no such change in policy shall be deemed to be a violation of this provision.

  • TREATMENT OF FRINGE BENEFITS The fringe benefits are charged using the rate(s) listed in the Fringe Benefits Section of this Agreement. The fringe benefits included in the rate(s) are listed below. Vacation, holiday, sick leave pay and other paid absences are included in salaries and wages and are claimed on grants, contracts and other agreements as part of the normal cost for salaries and wages. Separate claims are not made for the cost of these paid absences.

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