Employer Paid Benefits Sample Clauses

Employer Paid Benefits. The Employer agrees to pay for each of the benefit plans listed below except long-term disability, a percentage (as indicated below) of the present monthly billed premium of the various insurance plans set out below with the employee paying the balance through payroll deduction. Eligibility and entitlement under any of the following plans shall be subject to the terms and conditions of the plan and the requirements of the carrier as administered by the carrier. The Employer's only obligation under this provision is to pay the appropriate premiums under the various insurance plans. Permanent full-time employees and full-time temporary/contract employees only may participate in the benefits plan following a standard three (3) month waiting period based on continuous full-time employment as of the employee’s official start date as a full-time employee. The Human Resources department must be notified in writing of any changes to benefit-related information (e.g. dependent changes, changes to coverage required (family or single coverage), etc.) within twenty-one (21) days of the change taking effect as this information must be current at all times. Failing to do so may result in the employee being responsible for reimbursing the Employer the cost of any additional expenses incurred to the benefit plan because of the employee’s failure to notify of this change.
Sample 1
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Employer Paid Benefits. Mundo Verde shall provide and pay for the cost of the employee benefits as listed below. All full-time Employees (30 hours per week or more) are eligible for the benefit program. The benefit levels and coverages of each plan in effect as of the 2018-19 school year shall not be diminished during the term of this Agreement. HealthyBlue OA HMO-HSA Plan Maximum School Monthly Contribution Employee Only 100% Employee+Child(ren) 90% Employee+Spouse 85% Employee+Family 85% Health Reimbursement Arrangement (HRA): Employees covered by the HealthyBlue OA HMO-HSA Plan are eligible for reimbursement up to $1,000.00 per year for qualified out-of-pocket medical expenses such as deductibles, co-insurance, and pharmacy expenses. HealthyBlue HMO OA Plan School Monthly Contribution Employee Only $442.81 Employee+Child(ren) $646.23 Employee+Spouse $749.13 Employee+Family $985.27 Healthy Blue PPO Plan School Monthly Contribution Employee Only $419.49 Employee+Child(ren) $654.80 Employee+Spouse $738.69 Employee+Family $971.32 MetLife Dental Plan School Monthly Contribution Employee Only $38.35 Employee+Child(ren) $69.04 Employee+Spouse $59.27 Employee+Family $95.65 GVS Vision Plan School Monthly Contribution Employee Only $5.98 Employee+Child(ren) $9.27 Employee+Spouse $8.97 Employee+Family $12.69 In the event medical premiums increase during the life of this Agreement, Mundo Verde will cover 50% of any such increases. Employees will be responsible for the remaining 50% increase in premiums. Mundo Verde shall cover any increases to the dental and vision plans that may occur during the life of this Agreement. Mundo Verde shall provide all Employees the following benefits at no charge to the Employee: ● Group Life Insurance ● Accidental Death and Dismemberment Insurance ● Long and Short Term Disability Insurance The Parties acknowledge the uncertainty regarding various portions of the Patient Protection and Affordable Care Act (PPACA) and its implementing regulations. The Parties mutually acknowledge the possibility that PPACA and/or the implementing regulations may be changed or repealed during the course of this Agreement. As a result, the Parties have agreed that Mundo Verde may reopen negotiations on the Employer Paid Benefits section of this Article if there are any major changes to the healthcare laws over the term of this Agreement.
Sample 1
Employer Paid Benefits 
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Related to Employer Paid Benefits

  • Accrued Benefits The term "Accrued Benefits" shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Employment Benefits In addition to the Salary payable to the Executive hereunder, the Executive shall be entitled to the following benefits:

  • Termination Benefits (a) If Executive’s employment is voluntarily (in accordance with Section 2(a) of this Agreement) or involuntarily terminated within two (2) years of a Change in Control, Executive shall receive:

  • Group Benefits To determine if a leave under the provisions of the Family and Medical Leave Act will be a paid or unpaid leave, contact the District’s Human Resources Department.

  • Plan Benefits Each year, prior to the annual enrollment period, EMPLOYEES will receive Enrollment information that will outline the benefits offered next calendar year. Information relative to specific health insurance benefits and limitations will be updated regularly and contained in the SPD. In the event there is a conflict between the provisions of the collective bargaining agreement and the SPD, the District's SPD shall control.

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