ELIGIBILITY CONTRIBUTION Sample Clauses

ELIGIBILITY CONTRIBUTION. (a) Effective August 1, 2023 the Employer shall pay into a fund established for the purpose of administration of certain benefits known as the Montana Teamsters Employers Trust, UPS Benefits, or its successor, the sum of one thousand one thousand three hundred ninety four dollars ( $1,394.00) per month for each employee who has received compensation for eighty (80) hours or more in the preceding month. The payments will become effective on the first day of August, 2023 for July, 2023 hours worked and shall continue to be made by the Employer into said fund, without cost to the employee, and shall be made on behalf of any employee who has met the above eligibility requirements. Should the premium, on the coverage described herein, increase during the life of this Agreement, including retiree coverage, the Employer shall pay such increases in order to maintain the level of benefits provided.
Sample 1
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ELIGIBILITY CONTRIBUTION. (a) Effective August 1, 2022 the Employer shall pay into a fund established for the purpose of administration of certain benefits known as the Montana Teamsters Employers Trust, UPS Benefits, (b) Employees hired between October 1 and December 31 and May 15 and August 31 shall not be considered eligible employees for the purpose of this Article, provided, however, should such an employee be retained on the payroll after January 1, hours worked in December; or after September 1, hours worked in August, shall be considered in determining eligibility for health and welfare contributions.
Sample 1

Related to ELIGIBILITY CONTRIBUTION

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

  • City Contribution The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Member Eligibility Verify Member eligibility contemporaneous with the rendering of services. BCBS will provide systems and/or methods for verification of eligibility and benefit coverage for Members. This is furnished as a service and not as a guarantee of payment;

  • Funding Eligibility Contractor understands, acknowledges, and agrees that, pursuant to Chapter 2272 (eff. Sept. 1, 2021, Ch. 2273) of the Texas Government Code, except as exempted under that Chapter, HHSC cannot contract with an abortion provider or an affiliate of an abortion provider. Contractor certifies that it is not ineligible to contract with HHSC under the terms of Chapter 2272 (eff. Sept. 1, 2021, Ch. 2273) of the Texas Government Code.

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

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