Faculty member costs Sample Clauses

Faculty member costs. Because a faculty member pays a percentage of the premium cost for the medical insurance plan he or she elects, the actual dollars a faculty member contributes to such cost will increase if the cost of the medical insurance plan to the University increases, provided that faculty contributions toward University premium costs shall not exceed the levels specified in the salary premium cost table (see Appendix B). It is also understood that the cost to a faculty member will change if individual plan selections changes. Faculty members in Benefit Groups A, B, C and D will pay a percentage of University premium costs as listed in the salary premium cost table (Appendix B). As a condition of employment, premium payments for coverage during the faculty member’s appointment period will be made through pre-tax dollars in accordance with the provisions of Section 125 of the Internal Revenue Service Code. Exception: Premiums for coverage of a civil union partner and dependent children of the partner will be made in after-tax dollars in accordance with IRS regulations and guidelines and Vermont tax law. In addition, the value of the University’s contribution for coverage will be considered taxable income to the employee for federal and state tax purposes.
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Faculty member costs. Because a faculty member pays a percentage of the premium cost for the medical insurance plan he or she elects, the actual dollars a faculty member contributes to such cost will increase if the cost of the medical insurance plan to the University increases, provided that faculty contributions toward University premium costs shall not exceed the levels specified in the salary premium cost table (see Appendix B). It is also understood that the cost to a faculty member will change if individual plan selections changes. Faculty members in Benefit Groups A, B and C will pay a percentage of University premium costs as listed in the salary premium cost table (Appendix B). Faculty members in Benefit Group D will pay full premium costs during the first two (2) semesters of service. Faculty members in Benefit Group D with more than two (2) semesters of service will pay a percentage of premium costs equal to that listed in Appendix B or equal to one (1.0) minus his/her FTE (e.g. 25% for a nine-month faculty member with an FTE of 0.75), whichever is higher. As a condition of employment, premium payments for coverage during the faculty member’s appointment period will be made through pre-tax dollars in accordance with the provisions of Section 125 of the Internal Revenue Service Code. Exception: premiums for coverage of a civil union partner or same-sex spouse, and dependent children of the partner or same-sex spouse will be made in after-tax dollars in accordance with IRS regulations and guidelines and Vermont tax law. In addition, the value of the University’s contribution for coverage will be considered taxable income to the employee for federal tax purposes (and for state tax purposes if the same-sex spousal equivalent is not a party to a civil union or marriage).
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Related to Faculty member costs

  • Labor Costs 6.2.1 Wages of construction workers directly employed by the Construction Manager to perform the construction of the Work at the site or, with the Owner’s prior approval, at off-site workshops.

  • Training Costs All costs and expenses incurred by the Contractor in training as is required under Article 22 of the Contract.

  • LEGAL COSTS 26.1 If either of the Parties institutes legal action against the other for breach of the Agreement, then the party in breach will be liable for all legal costs arising from such legal action, calculated on the attorney-and-own-client scale, the costs of Counsel on brief at the higher scale, and the costs of tracing the party in breach’s whereabouts, as well as Value Added Tax, calculated at the current statutory rate on these legal costs, as well as all other costs and expenses incurred resulting from or related to such legal proceedings.

  • Arbitration Fees and Costs If your claim seeks more than $75,000 in the aggregate, the payment of the AAA’s fees and costs will be governed by the AAA rules. If your claims seek less than $75,000 in the aggregate, the payment of the AAA’s fees and costs will be our responsibility. However, if the arbitrator finds that your Dispute was frivolous or brought for an improper purpose (as measured by the standards set forth in Federal Rule of Civil Procedure 11(b)), the payment of the AAA’s fees and costs shall be governed by the AAA Rules and you shall reimburse us for all fees and costs that were your obligation to pay under the AAA Rules. You may hire an attorney to represent you in arbitration. You are responsible for your attorneys’ fees and additional costs and may only recover your attorneys’ fees and costs in the arbitration to the extent that you could in court if the arbitration is decided in your favor. Notwithstanding anything in this Arbitration Provision to the contrary, we will pay all fees and costs that it is required by law to pay.

  • Development Costs With respect to activities prior to the Amendment Effective Date, each Party was to pay [*] of the total Direct Development Costs of a Product incurred in accordance with the Development Budget (as defined in the Original Agreement). Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, with respect to activities on and after the Amendment Effective Date, subject to Sections 3.1.2, Alimera will be solely responsible for, and shall pay one hundred percent (100%) of, all development costs of a Product, including Direct Development Costs. Notwithstanding anything in this Article 6 of this Agreement or in any other provision of this Agreement to the contrary, (i) all payments owing by CDS hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by CDS (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), further including any penalties and interest which might have accrued with respect thereto, and further including all CDS payments deferred pursuant to that February 11, 2008 letter agreement sent by CDS and executed by CDS and Alimera regarding deferral of payments under the Original Agreement as of such date; (ii) all payments owing by Alimera hereunder with respect to development activities prior to the Amendment Effective Date are hereby deemed fully paid by Alimera (or waived, to the extent such waiver may be required), including any Development Payments, Compounded Development Payments, Determined Disputed Costs and Compounded Disputed Costs (as all defined in the Original Agreement), and further including any penalties and interest which might have accrued with respect thereto; and (iii) subject to Sections 3.1.1 and 3.1.2, from and after the Amendment Effective Date, CDS will have no liability whatsoever hereunder for any past, present or future development costs, including Direct Development Costs (which includes those incurred before, on and after the Amendment Effective Date), and instead Alimera shall have sole liability therefor.

  • Responsibility for Costs The Servicer is responsible for collection from such Borrower of any recording or similar costs or expenses incidental to the granting of relief with respect to a delinquent Mortgage Loan.

  • Medical Expenses 1. Employees exposed to hazardous physical, biological, or chemical agents shall be provided, at no cost to the employee, with medical examinations or evaluations required by VOSHA regulations. If there are no specific VOSHA regulations or standards for the agent in question, recommendations of the National Institute of Occupational Safety and Health or other generally recognized expert organization shall be used, as determined by the Commissioner of Health.

  • Legal Fees and Costs In the event a party elects to incur legal expenses to enforce or interpret any provision of this Agreement by judicial proceedings, the prevailing party will be entitled to recover such legal expenses, including, without limitation, reasonable attorneys’ fees, costs, and necessary disbursements at all court levels, in addition to any other relief to which such party shall be entitled.

  • Travel Expenses CONTRACTOR shall not be allowed or paid travel expenses unless set forth in this Agreement.

  • Legal Expenses The Borrower hereby agrees to pay all reasonable fees and expenses of special counsel to the Administrative Agent incurred by the Administrative Agent in connection with the preparation, negotiation and execution of this Amendment and all related documents.

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