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Flex Benefits Sample Clauses

Flex Benefits. 1. With the flex budget employees can do the following in Flex Benefits: – Purchase leave hours; – Participate in the bicycle scheme; – Settle the trade union contribution in a tax-friendly manner; – Reserve the budget for later; 2. Spending in Flex Benefits cannot be higher than the current balance in Flex Benefits. Leave Wellbeing, sickness and invalidity Pension and death Other schemes Appendix 3. At the end of a calendar year a potential positive balance in Flex Benefits is, for tax reasons, paid out to the employee. Purchased leave hours that the employee did not use or sell will also be paid out in January of the following calendar year. At the start of the sceme the demotion supplement amounts to less than € 600.00 gross per month At the start of the sceme the demotion supplement amounts to € 600.00 gross or more per month 1st year, immediately upon start of demotion 75% of the supplement 1st year, immediately upon start of demotion 75% of the supplement 2nd year, first half of the year 50% of the supplement 2nd year 50% of the supplement 2nd year, second half of the year 25% of the supplement 3rd year 25% of the supplement From the 3rd year 0% (supplement has fully been phased out) From the 4th year 0% (supplement has fully been phased out) General Working at Aegon Training and development
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Flex Benefits. Each full-time employee will be provided the opportunity to purchase a Pre-Tax Premium and Reimbursement Account Plan.
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Flex Benefits. The Company shall provide a paramedical “flex” care benefit package to a maximum of $500.00 per year per individual comprised of Massage Therapy, Naturopath, Physiotherapy, Registered/Licensed Social Worker and Registered Psychologist.
Sample 1
Flex Benefits. The Executive will be eligible to participate in the Flexible Benefits scheme. The Executive will receive 4% of the Executive’s basic salary which may be taken as cash or used to select benefits under the scheme. Membership of the scheme will commence on the first day of the month following the commencement of employment and will be subject to the scheme rules.
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Flex Benefits. An employee is eligible to participate in the Company Flex Benefit Plan on the first of the month following three (3) months of employment, which includes: Life Insurance, Accidental Death, Long Term Disability, Extended Health, Dental and Vision care.
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Flex Benefits. Bargaining Unit members will participate in the Employer's flexible benefits plan. During the 1st quarter of 2002, each employee coded 20 hours or greater will receive a $500 payment to defray any increases in benefit costs to the employee. This plan would be limited to the 2002 plan year. If there is a national resolution to flexible benefits, that plan will be considered for adoption prior to the next open enrollment. Should a national resolution not be available, discussions would be reopened on July 1, 2002 to decide on continuing participation in the flexible benefit plan offered or the creation of a traditional benefit plan. These discussions would be completed by September 16, 2002 to allow time for implementation during open enrollment. The union would retain the right to economic sanctions. Effective January 1, 2006 all bargaining unit members who become benefit eligible through Benefit Average Hours, will be placed on the same Flexible Benefits Plan as those whose eligibility is determined by coded scheduled hours.
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Flex Benefits. Employees may waive group health insurance coverage upon submission of proof that they are covered under another group health insurance plan. Employees hired by the District before July 1, 2004, who have been receiving the flex benefit continuously are grandfathered in to continue receiving the benefit. Employees hired after June 30, 2004, will not receive the $1,500 from the District even if they are eligible to waive District coverage. Under a cafeteria plan, any flexible benefit deposits made by employees that remain unspent at the end of a benefit year must, by law, be returned to the District. However, it is the practice of the District to add these unspent funds to reduce health insurance premiums in subsequent years. J. 403(b), 125 and Other Tax-Deferred Options A variety of retirement and tax-deferred plans are available through payroll deduction. Information may be found on SUSD Intranet.
Sample 1
Flex Benefits. The Parties agree to form a committee to explore the possibility of implementing a flexible benefit program for the firefighters without there being any increase in cost to the Employer to provide this option. Costs will be measured against the current premium costs paid by the Employer on behalf of the bargaining unit for the current base benefit plan plus the enhancements offered by the Employer of glass subsidy increased to months, hearing aids increased to months and increased to per two pair per year maximum. The committee will consist of a representative from the Association, a representative the Employer, support from a representativefrom the Employer's benefits provider, and, if the Association chooses, a financial advisor to assist them in the discussions. If the parties are unable to reach agreement, either party may request the of a neutral, third party financial advisor to assist in the discussion. The Parties will endeavor to hold this meeting prior to March In the event that it is not possible for the Employer to provide a flex benefit plan to the fire fighters at no appreciable increase in its costs, the existing benefit plans will be maintained except to the extent modified in the first paragraph of this article. The Parties agree there will be no change to Retiree benefits during the term of this collective bargaining agreement.
Sample 1
Flex Benefits. 1. With the Flex Budget, employees can do the following with Flex Benefits: – Purchase leave hours; – Participate in the bicycle scheme; – Settle the trade union contribution in a tax-friendly manner; – Reserve the budget for later; 2. Spending in Flex Benefits cannot be higher than the current balance in Flex Benefits. 3. At the end of a calendar year a potential positive balance in Flex Benefits is, for tax reasons, paid out to the employee. Purchased leave hours that the employee did not use or sell will also be paid out in January of the following calendar year.
Sample 1

Related to Flex Benefits

  • Health Benefits For the eighteen (18) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

  • Layoff Benefits All rights to which a certificated employee was entitled at the time of his/her layoff including unused accumulated sick leave and credits toward leave eligibility will be restored to the certificated employee upon his/her return to active employment, and the certificated employee will be placed upon the proper step of the salary schedule for the certificated employee's current position according to the certificated employee's experience and education.

Most Referenced Clauses

Most Referenced Definitions