ELECTION OF BENEFITS. In accordance with my rights under the Plan, I elect the following amounts for each benefit I have selected. The Employer and I agree that my cash compensation will be redirected by the amounts set forth below for the Plan Year designated above. ⏩ I receive my paychecks: ⬜ Weekly(52) ⬜ Biweekly(26) ⬜ Biweekly(24) ⬜ Semimonthly(24) ⬜ Monthly(12) FLEXIBLE SPENDING ACCOUNT OPTIONS PAY PERIOD ELECTION AMOUNT (Plan Year Amt ÷ # Pay Periods) PLAN YEAR ELECTION AMOUNT (Pay Period Amt x # Pay Periods)
ELECTION OF BENEFITS. If the Employee receives notice from the Employer pursuant to Section 1.6 hereof, the Employee shall have the right to elect to receive (in lieu of the payments hereunder specified in such Section 1.6) any benefits that may be payable to him pursuant to any severance plan of the Employer applicable to him. If no such election is made, the amounts specified in such Section 1.6 shall be payable as specified therein, no benefit shall be payable to the Employee under such severance plan, and the Employee hereby expressly waives any benefits that might otherwise be due him under such severance plan. This Agreement has no impact upon any election made by the Employee to participate in or decline participation in any other benefit plans or programs made available by the Employer, including but not limited to the Employer's early dispute resolution program, Solutions InSTORE. The Employee and Employer's rights and obligations for the purposes of such other benefit plans or programs shall be governed by the terms and conditions of said benefit plans and programs.
ELECTION OF BENEFITS. The employee has the right to either elect to pro-rate his/her sick leave for full compensation, or he/she may elect to only receive Industrial Insurance Compensation (time loss). Such agreement must be in writing and sent to the Superintendent of the School District and a copy to the Union. Provided further:
ELECTION OF BENEFITS. An election by you to resign after a Change in Control pursuant to the terms of Section 2(a) will not constitute a breach by you of the Employment Agreement dated the date hereof (or any other employment agreement) between the Bank and you and will not be deemed a voluntary termination of employment by you for the purpose of interpreting the provisions of any benefit plans, programs or policies. Nothing in this Agreement will be construed to limit your rights under any employment agreement you may then have with the Corporation or the Bank, provided, however, that if you become entitled to compensation under Section 3 hereof following a Change in Control, you may elect either to receive the severance payment provided in Section 3 or such termination benefits as you may have under any such employment agreement, but may not elect to receive both.
ELECTION OF BENEFITS a. The terms and conditions for election of Life Insurance benefits by any eligible employee shall be as prescribed by the City or by the contract between the City and any insurance carrier or administrator providing the benefits hereunder, as appropriate.
b. An employee who has previously waived life insurance coverage provided by the City, either hereunder or otherwise, while employed with the City or a City Agency (the term, "City Agency" being as defined in subsection 36.02 (8) of the Milwaukee City Charter, 1971 compilation, as amended), shall be permitted to revoke such waiver and elect life insurance coverage only on such terms and conditions as are established and maintained from time to time by the City and/or its life insurance carrier.
ELECTION OF BENEFITS. An employee with a job-connected disability may elect to be placed on sick or annual leave instead of leave without pay pending approval of his/her compensation claim. Leave without pay must be substituted for sick or annual leave upon approval of a claim before compensation is paid. The parties recognize that the Office of Worker's Compensation Programs (OWCP) approves or disapproves compensation claims and the amount to be paid. Employees making claims will be advised of the estimated amount of the compensation payment and will be given an opportunity to elect a combination of sick leave or annual leave and leave without pay to minimize the amount to be repaid if the claim is approved
ELECTION OF BENEFITS. For each Plan Year that a Participant wants to participate in the Plan, the Participant must file with the Administrator a written election of Benefits on a form furnished by the Administrator. The manner and place of filing will be determined under procedures established by the Administrator. The form will specify those Benefits from the Benefit Schedule that the Participant elects to receive during the Plan Year, and the amounts of each Benefit that the Participant will fund through a reduction in Salary or waiver of group health insurance. Benefit elections may not be amended or revoked on or after the first day of the relevant Plan Year, for which they are made, except under the same circumstances that would permit the amendment or revocation of Salary Reduction Agreements, as described in Sections 4.2.C. and 4.3, or Section 4.4 of this Plan. In addition to executing a Benefit election form, the Participant must provide all information and execute all applications and forms necessary to effectuate coverage under all Policies maintained by the Employer to provide the Benefits.
ELECTION OF BENEFITS. Regular Parttime employees who exercised their rights under Article 5.5(h) of the 1991-1993 Collective Agreement between the Employer and the Union shall continue to receive benefits or a percentage in lieu of benefits in accordance with their election.
ELECTION OF BENEFITS. Eligible Employees may enter into a Salary Redirection Agreement with the Employer whereby the Employee agrees to reduce his/her unearned Compensation by the amount of his/her anticipated future eligible transportation expenses for the upcoming Coverage Period. The amount elected for reduction will be divided by the remaining payroll periods in the Coverage Period. The resulting per payroll period reduction amount will be deducted on a pre-tax basis from the Employee’s Compensation per payroll period until such time as the Employee changes his/her election for an upcoming Coverage Period.
ELECTION OF BENEFITS. 6.3.1 The Administrator shall provide each Participant with a written notice containing the following information:
(a) a general description of the normal form of benefit payable under the Plan;
(b) the Participant’s right to make and the effect of an election to waive the normal form of benefit;
(c) the right of the Participant’s spouse not to consent to the Participant’s election under Section 6.1;
(d) the right of Participant to revoke such election, and the effect of such revocation;
(e) the optional forms of benefits available under the Plan; and
(f) the Participant’s right to request in writing information on the particular financial effect of an election by the Participant to receive an optional form of benefit in lieu of the normal form of benefit.
6.3.2 The notice under Section 6.3.1 shall be provided to the Participant at each of the following times as shall be applicable to him:
(a) not more than 90 days and not less than 30 days after a Participant who is in the employ of the Company or an Affiliate gives notice of the Participant’s intention to terminate employment and commence receipt of the Participant’s retirement benefits under the Plan; or
(b) not more than 90 days and not less than 30 days prior to the attainment of age 65 of a Participant (whether or not the Participant has terminated employment) who has not previously commenced receiving retirement benefits. The election period in Section 6.3.3 for a Participant who requests additional information during the election period will be extended until 90 days after the additional information is mailed or personally delivered. Any such request shall be made only within 90 days after the date the information described in Section 6.3.1 is given to the Participant, and the Administrator shall not be obligated to comply with more than one such request. Any information provided pursuant to this Section 6.3.2 will be given to the Participant within 30 days after the date of the Participant’s request and will be based upon the estimated benefits to which the Participant will be entitled as of the later of the first day on which such benefits could commence or the last day of the Plan Year in which the Participant’s request is received. If a Participant files an election (or revokes an election) pursuant to this Section 6.3 less than 60 days prior to the Annuity Starting Date, such Participant’s initial payments may be delayed for administrative reasons. In such event, the payments shall begin as so...
