Employer Selection of Plans Sample Clauses

Employer Selection of Plans. With regard to the least expensive HMO plan, the Employer retains the right in its sole discretion to change insurance plans, or to self- insure, so long as the new plan, as a whole, provides the same (or better) level of coverage. With all more expensive plans the Employer makes available, the Employer may switch plans, or self-insure, in its sole discretion, in an attempt to seek the most attractive plan, without any need to provide the same (or better) coverage. The Parties agree that the cafeteria plan (“Choice Account”) maximum will be $2500 for the Health Expense Reimbursement account. The Parties further agree that Dependent coverage in this Section 14.2 shall include dependent coverage for Domestic Partners and their children. Domestic Partners shall be defined in accordance with the California legislation known as A.B. 26. The filing and other requirements of A.B. 26 must be followed for a person to qualify as a Domestic Partner for purposes of this Agreement.
Sample 1
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Employer Selection of Plans. With regard to the least expensive HMO plan, the Employer retains the right in its sole discretion to change insurance plans, or to self- insure, so long as the new plan, as a whole, provides the same (or better) level of coverage. With all more expensive plans the Employer makes available, the Employer may switch plans, or self-insure, in its sole discretion, in an attempt to seek the most attractive plan, without any need to provide the same (or better) coverage. The Parties agree that the cafeteria plan maximum will be $2500 for the flexible spending account (FSA) and the maximum for the dependent care expense account will be $5,000. The Parties further agree that Dependent coverage in this Section 14.2 shall include dependent coverage for Domestic Partners and their children. Domestic Partners shall be defined in accordance with the California legislation known as A.B. 26. The filing and other requirements of A.B. 26 must be followed for a person to qualify as a Domestic Partner for purposes of this Agreement.
Sample 1

Related to Employer Selection of Plans

  • Can I Roll Over or Transfer Amounts from Other IRAs or Employer Plans If properly executed, you are allowed to roll over a distribution from one Traditional IRA to another without tax penalty. Rollovers between Traditional IRAs may be made once every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, Xxxx, SEP, and SIMPLE IRAs owned. Under certain conditions, you may roll over (tax-free) all or a portion of a distribution received from a qualified plan or tax-sheltered annuity in which you participate or in which your deceased spouse participated. In addition, you may also make a rollover contribution to your Traditional IRA from a qualified deferred compensation arrangement. Amounts from a Xxxx XXX may not be rolled over into a Traditional IRA. If you have a 401(k), Xxxx 401(k) or Xxxx 403(b) and you wish to rollover the assets into an IRA you must roll any designated Xxxx assets, or after tax assets, to a Xxxx XXX and roll the remaining plan assets to a Traditional IRA. In the event of your death, the designated beneficiary of your 401(k) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary IRA account. In general, strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing rollovers. Most distributions from qualified retirement plans will be subject to a 20% withholding requirement. The 20% withholding can be avoided by electing a “direct rollover” of the distribution to a Traditional IRA or to certain other types of retirement plans. You should receive more information regarding these withholding rules and whether your distribution can be transferred to a Traditional IRA from the plan administrator prior to receiving your distribution.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • 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.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Rollovers of Xxxx Elective Deferrals Xxxx elective deferrals distributed from a 401(k) cash or deferred arrangement, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan, may only be rolled into your Xxxx XXX.

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

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

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