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– 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.
– FLEX CREDITS. Sourcewell agrees to provide flex credits in an amount that matches the IRS maximum Health Savings Account single contribution; the credits will increase 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.
– 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.
– 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
– 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.

Related to – FLEX CREDITS

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

  • 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.

  • Sick Leave Credits (a) Prior to the commencement of maternity leave, illness arising due to pregnancy may be covered by normal sick leave. (b) Sick leave may be used by any pregnant employee, authorized by the receipt of a qualified medical practitioner's statement to the Employer, where there is a confirmed case of German measles or any other disease or condition in the place of employment which could be harmful to pregnancy as determined by the qualified medical practitioner's statement or report. They may use this leave until all danger from such disease or condition no longer exists.

  • Service Credit To the extent that any Transferred Employee’s acquired rights are not already protected by the Transfer Regulations or other applicable Law, Purchaser shall, and shall cause its Affiliates to, recognize the prior service of, or recognized with respect to, each Transferred Employee as if such service had been performed with Purchaser for all purposes, including eligibility, vesting, service-related level of benefits and benefit accrual (except for any benefit accruals for U.S. union and non-union hourly Transferred Employees under the defined benefit Rexam Pension Plan, provided that such service for benefit accruals purposes under the Rexam Pension Plan shall be recognized for purposes of early retirement subsidies in accordance with Schedule 5.1(h)) under the employee benefit plans and policies provided by Purchaser to such Transferred Employee following the Closing, to the same extent such service was recognized by Seller, Rexam or any of their respective Affiliates, as applicable, immediately prior to the Closing. Purchaser shall, or shall cause its Affiliates (including the Purchased Entities) to, (i) waive any preexisting condition limitations otherwise applicable to Transferred Employees and their eligible dependents under any plan of Purchaser or any Affiliate of Purchaser that provides health or life benefits in which the Transferred Employees may be eligible to participate following the Closing, other than any limitations that were in effect with respect to a Transferred Employee as of the Closing under the analogous Employee Benefit Plan, (ii) honor any deductible, co-payment and out-of-pocket maximums incurred by the Transferred Employees and their eligible dependents under the health plans in which they participated immediately prior to the Closing during the portion of the calendar year prior to the Closing in satisfying any deductibles, co-payments or out-of-pocket maximums under health plans of Purchaser or any of its Affiliates in which they are eligible to participate after the Closing in the same plan year in which such deductibles, co-payments or out-of-pocket maximums were incurred and (iii) waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable to a Transferred Employee and his or her eligible dependents on or after the Closing, in each case to the extent such Transferred Employee or eligible dependent had satisfied any similar limitation or requirement under an analogous Employee Benefit Plan prior to the Closing.

  • Rebates, Credits and Refunds The HSP: (a) acknowledges that rebates, credits and refunds it anticipates receiving from the use of the Funding have been incorporated in its Budget; (b) agrees that it will advise the Funder if it receives any unanticipated rebates, credits and refunds from the use of the Funding, or from the use of funding received from either the Funder or the Ministry in years prior to this Agreement that was not recorded in the year of the related expenditure; and (c) agrees that all rebates, credits and refunds referred to in (b) will be considered Funding in the year that the rebates, credits and refunds are received, regardless of the year to which the rebates, credits and refunds relate.