– FLEX CREDITS Sample Clauses

– FLEX CREDITS. Effective April 1, 2019, the Board shall contribute $7,360.80 into Flex 14 Credits for each employee who is enrolled in Board-Provided Benefits. 16 (1) Application: Flex Credits are to be applied by employees toward the purchase of their own 17 major medical insurance, dependent medical insurance, dental insurance, vision insurance, critical 18 illness insurance, accident insurance, and/or cancer insurance.
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– FLEX CREDITS. Sourcewell agrees to provide flex credits in an amount that matches the IRS maximum Health Savings Account single contribution; increases annually to match the IRS single contribution. 3.3.1 The employee may elect to direct flex credits to insurance premiums, their HSA contribution, Flexible Spending Account (FSA) contribution, buy up voluntary coverages, or elect cash in lieu.
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– FLEX CREDITS. If during the term of this collective agreement the premiums increase, the company will review the amount of flex credits being provided. Furthermore, during the term of this collective agreement the flex credits will not be reduced. In addition, if requested by the union, the company agrees to meet annually to discuss issues concerning the FlexMedia plan.” For purposes of clarity, legitimate casual illness or absenteeism outside the FlexMedia plan will be paid at regular straight time pay for the time absent from work. Should a situation arise where the Company is not satisfied as to the legitimacy of the absenteeism, the employee shall not be paid. For further clarity, days of legitimate casual illness or absenteeism that are paid as outlined above, shall not be deducted from the ten (10) day waiting period involved with Short-Term Disability claims.
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– FLEX CREDITS. 34.10.1 An employee accumulates a flex credit where they work longer than the ordinary hours of work that applies to them. Total flex credits are reduced where an employee works less than their ordinary hours of work. 34.10.2 The maximum flex credit an employee is able to have at the end of a settlement period is 30 hours for a full time employee and a pro rata amount for a part time employee. 34.10.3 Where an employee has more than the maximum flex credit at the end of a settlement period, his/her flex credits will be reduced to the maximum from the start of the subsequent settlement period unless the excess credit has been due to the employee’s manager rejecting an application for flex leave due to operational requirements. In this case, the excess credit will be carried over to the next settlement period.
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– FLEX CREDITS. The Board shall contribute the following amounts into Flex Credits 12 for each employee who is eligible for Board-Provided Benefits: 13 (a) $6,372 for the period March, 2009, through February, 2010 (for Benefit Plan Year 14 April, 2009, through March, 2010); 15 (b) $6,372 for the period March, 2010, through February, 2011 (for Benefit Plan Year 16 April, 2010, through March, 2011); 17 Flex Credits are to be applied by employees toward the purchase of their own major medical 18 insurance: dependent medical insurance, dental insurance, vision insurance, and/or cancer
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Related to – FLEX CREDITS

  • Service Credits Employees on pregnancy leave shall be entitled to normal accumulation of service credits for the duration of the pregnancy leave.

  • Tax Credits A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have made an increased payment under Clause 23.2 shall pay to the Borrowers a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers in respect of which the Borrowers made the increased payment, provided that: (a) the Creditor Party shall not be obliged to allocate to this transaction any part of a tax repayment or credit which is referable to a class or number of transactions; (b) nothing in this Clause 23.4 shall oblige a Creditor Party to arrange its tax affairs in any particular manner, to claim any type of relief, credit, allowance or deduction instead of, or in priority to, another or to make any such claim within any particular time; (c) nothing in this Clause 23.4 shall oblige a Creditor Party to make a payment which would leave it in a worse position than it would have been in if the Borrowers had not been required to make a tax deduction from a payment; and (d) any allocation or determination made by a Creditor Party under or in connection with this Clause 23.4 shall be conclusive and binding on the Borrowers and the other Creditor Parties.

  • Credits An employee shall earn sick leave credits at the rate of nine decimal three seven five (9.375) hours for each calendar month for which such employee receives pay for at least seventy-five (75) hours.

  • Service Level Credits If Verint does not meet the Uptime Percentage levels specified below, Customer will be entitled, upon written request, to a service level credit (“Service Level Credit”) to be calculated, with respect to the applicable Hosted Environment, as follows: • If Uptime Percentage is at least 99.95% of the month’s minutes, no Service Level Credits are provided; or • If Uptime Percentage is 99.75% to 99.94% (inclusive) of the month’s minutes, Customer will be eligible for a credit of 5% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint; or • If Uptime Percentage is 99.50% to 99.74% (inclusive) of the month’s minutes, Customer will be eligible for a credit of 7.5% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint; or • If Uptime Percentage is less than 99.50% of the month’s minutes, Customer will be eligible for a credit of 10.0% of a monthly average fee derived from one-twelfth (1/12th) of the then-current annual fee paid to Verint. Customer shall only be eligible to request Service Level Credits if Customer notifies Verint in writing within thirty (30) days from the end of the month for which Service Level Credits are due. All claims will be verified against Verint’s system records. In the event after such notification Verint determines that Service Level Credits are not due, or that different Service Level Credits are due, Verint shall notify Customer in writing on that finding. With respect to any Services Level credits due under Orders placed directly by Customer on Verint, Service Level Credits will be applied to the next invoice following Customer’s request and Verint’s confirmation of available credits; with respect to any Service Level Credits due for SaaS Services under Orders placed on Verint by a Verint authorized reseller on Customer’s behalf, Service Level Credits will be issued by such reseller following Customer’s request and Verint’s confirmation of available credits and such Services Level Credits may only be used by Customer with respect to subsequent purchases of Verint offerings through that reseller. Service Level Credits shall be Customer’s sole and exclusive remedy in the event of any failure to meet the Service Levels. Verint will only provide records of system availability in response to Customer’s good faith claims.