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. 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. If this letter correctly sets forth our agreement on the subject matter hereof kindly sign and return to the Corporation the enclosed copy of this letter which will then constitute our agreement on this subject. BEVERLY NATIONAL CORPORATION /s/ Xxxxx X. Xxxxxxxx By: Xxxxx X. Xxxxxxxx Its: President Agreed: /s/ Xxxxxxx X. Xxxxxx Xxxxxxx X. Xxxxxx FIRST AMENDMENT TO CHANGE IN CONTROL AGREEMENT Reference is made to the Change in Control Agreement (the “Agreement”) dated as of August 29, 2005 by and between Beverly National Corporation, a Massachusetts corporation, (therein and hereinafter referred to as the “Corporation”) and Xxxxxxx X. Xxxxxx (hereinafter referred to as the “Employee”).
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.
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 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. 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. 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) Dependent/Child Care Reimbursement Account (maximum $ 5,000.00 per tax year) $ $ After completing your election above, read the back of this form carefully. Please sign and date the reverse side of this form if you want to participate in any of the spending arrangement options above. EMPLOYER USE ONLY – PLEASE COMPLETE BEFORE SENDING COPY TO ADMIN AMERICA FIRST DEDUCTION/PAY DATE: TOTAL NUMBER OF DEDUCTIONS: _ DEPENDENT CARE REIMBURSEMENT I understand that: • Reimbursement will be available for "qualifying dependent care expenses" as described in the Summary Plan Description. • I cannot change or revoke my Dependent Care Reimbursement Account at any time during the plan year unless I experience a "change in status" event. Such change in status events are described in the Summary Plan Description.
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:
