Flexible Benefits Options Sample Clauses

Flexible Benefits Options. Should the University choose to develop a Cafeteria style flexible benefits plan, the Association may participate in design and review of such plan. If the University arranges flexible benefits options for any other non-faculty employee group, such options may be made available to OUPSA MEA/NEA represented employees subject to a Letter of Agreement between the Association and the University.
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Flexible Benefits Options. If the Employer arranges flexible benefits options for any other non- faculty employee groups, such options may be made available to OUCMT-represented employees subject to a Letter of Agreement between the OUCMT and the Employer. APPENDIX A: OUCMT CLASSIFICATIONS AND PAYRATES‌ Custodian IV/Housing-Oak. Ctr N/A N/A $18.20 Custodian III/Grndskeeper/Facilities N/A N/A $15.86 Custodian III/Facilities N/A N/A $15.86 Custodian II/Housing-Oak. Ctr $12.23 $12.48 N/A Custodian I/Facilities $12.23 $12.48 N/A Effective November 1, 2017 a Lump Sum Payment based on two percent (2%) of the hourly rate times annual regularly scheduled hours will be paid to all employees in the Custodian IV/Housing-Oak.Ctr. classification and Custodian III/Grounds/Facilities and Custodian III/Facilities classifications. Effective November 1, 2017 a Lump Sum Payment based on one percent (1%) of the hourly rate times annual regularly scheduled hours will be paid to all employees in the Custodian II/Housing-Oak.Ctr classification. In addition, a one percent (1%) base pay increase will be given. A 14.2% base pay increase will be given to employees in the Custodian I/Facilities classification. Custodian IV/Housing-Oak. Ctr N/A N/A $18.20 Custodian III/Grndskeeper/Facilities N/A N/A $15.86 Custodian III/Facilities N/A N/A $15.86 Custodian II/Housing-Oak. Ctr $12.48 $12.73 N/A Custodian I/Facilities $12.48 $12.73 N/A Effective November 1, 2018 a Lump Sum Payment based on two percent (2%) of the hourly rate times annual regularly scheduled hours will be paid to all employees in the Custodian IV/Housing- Oak.Ctr.,Custodian III/Grounds/Facilities,and Custodian III/Facilities classifications. Effective November 1, 2018 a two percent (2%) base pay increase will be given to all employees in the Custodian II/Housing-Oak.Ctr classification and Custodian I/Facilities classifications. Custodian IV/Housing-Oak. Ctr N/A N/A $18.47 Custodian III/Grndskeeper/Facilities N/A N/A $16.10 Custodian III/Facilities N/A N/A $16.10 Custodian II/Housing-Oak.Ctr $12.73 $12.99 N/A Custodian I/Facilities $12.73 $12.99 N/A Effective November 1, 2019, a Lump Sum Payment based on two percent (2%) of the hourly rate times annual regularly scheduled hours will be paid to all employees in the Custodian IV/Housing-Oak. Ctr., Custodian III/Grounds/Facilities, and Custodian III/Facilities classifications. In addition, a one and one half percent (1.5%) base pay increase will be given. Effective November 1, 2019 a two percent (2%) b...
Sample 1
Flexible Benefits Options. If the Employer arranges flexible benefits options for any other non- faculty employee groups, such options may be made available to OUCMT-represented employees subject to a Letter of Agreement between the OUCMT and the Employer.
Sample 1
Flexible Benefits Options. If the Employer arranges flexible benefits options for any other non- faculty employee groups, such options may be made available to OUCMT-represented employees subject to a Letter of Agreement between the OUCMT and the Employer. Progression to "After two (2) years" pay rate shall occur on the second anniversary of the current employee's most recent date of hire. The pay rate of the Custodian Groundskeeper while functioning as a Custodian shall be paid at the appropriate Custodian pay rate. The pay rate of the Custodian/Groundskeeper while functioning as a Groundskeeper shall be in accordance with Appendix C. Custodian I/Facilities and Custodian II/Housing –Oak. Ctr. are new hires on or after 01/01/12. NOTE: Any current custodian employed in Facilities as of 12/6/11, will be eligible for the current pay rate at Housing or Oakland Center, should they be selected for a transfer into either one (1) of those two (2) areas. Employees shall progress through the Groundskeeper/Greenskeeper pay levels in accordance with program and experience requirements as identified on Appendix E Program and/or Licensure Requirements - Greenskeepers, Groundskeepers, Skilled Trades. Classification I II III IV V VI VII Less than 9 9 credit hours 23 credit 37 credit Satisfaction of Groundskeeper credit hours / 1 year hours/ 2 hours / 3 years program and Greenskeeper and less than relevant years relevant licensure 1 year experience relevant experience requirements relevant experience OR new hires AND 36 experience meeting months of program service OR requirements New Hires who met requirements and have completed 18 months of service Skilled Trades - Less than 12 12 credit 20 credit 28 credit 36 credit Satisfaction of Satisfaction of Carpentry credit hours hours/2 years hours / 3 hours / 4 years hours/5 years program program and less than relevant years relevant relevant and/or and/or 2 years experience relevant experience experience licensure licensure relevant experience requirements requirements experience (46 credit and 3 months hours) and 6 of service in years relevant the Skilled experience Trades VI OR New classification Hires meeting program and/or licensure requirements Skilled Trades - Less than 12 12 credit 20 credit 28 credit 36 credit Satisfaction of Satisfaction of Electrical credit hours hours/2 years hours / 3 hours / 4 years hours/5 years program program and less than relevant years relevant relevant and/or and/or 2 years experience relevant experience experience lic...
Sample 1

Related to Flexible Benefits Options

  • Flexible Benefits Plan A flexible benefits plan, which is in accordance with Section 125 of the Internal Revenue Code, was implemented for eligible employees covered by this Agreement on October 1, 1990.

  • Flexible Benefits Insurance Program

  • Flexible Benefit Plan The District will maintain, at no cost to the employee, a flexible spending benefit plan pursuant to Section 125 of the Internal Revenue Code, with operating procedures determined by the District in accordance with IRS regulations. This plan may be used for favorable income tax treatment of the employee’s health and dental premium contributions, deductibles, co-insurance amounts, other unreimbursed medical expenses, and dependent care assistance.

  • Benefits Plans During the Employment Period, You will be eligible to participate in all benefit plans in effect for executives and employees of the Company, subject to the terms and conditions of such plans.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Stock Options With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”) so qualifies, (ii) each grant of a Stock Option was duly authorized no later than the date on which the grant of such Stock Option was by its terms to be effective (the “Grant Date”) by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any) was duly executed and delivered by each party thereto, (iii) each such grant was made in accordance with the terms of the Company Stock Plans, the Exchange Act and all other applicable laws and regulatory rules or requirements and (iv) each such grant was properly accounted for in accordance with GAAP in the financial statements (including the related notes) of the Company and disclosed in the Company’s filings with the Commission in accordance with the Exchange Act and all other applicable laws. The Company has not knowingly granted, and there is no and has been no policy or practice of the Company of granting, Stock Options prior to, or otherwise coordinating the grant of Stock Options with, the release or other public announcement of material information regarding the Company or its subsidiaries or their results of operations or prospects.

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