Fringe Benefit Contribution Sample Clauses

Fringe Benefit Contribution. ‌ A. Health, Dental, and Vision Contributions 1. The City will maintain an IRS Code Section 125 qualifying Cafeteria Plan to allow employees to pay for pre-tax medical, dental and vision benefits.
Sample 1
Fringe Benefit Contribution i. All Police Management Association (hereinafter “Association”) employees must enroll in one of the PERS health program plans, unless they submit to the City both (1) proof of health coverage and (2) sign a health insurance waiver. Employees who fail to complete both requirements shall not be allowed to utilize their cafeteria plan contributions for any other eligible plans. ii. Association employees shall be provided the following cafeteria amounts each month: Employee only: $465; Employee + One Dependent: $925; Full Family: $1,200. iii. An Association employee who selects the option of not enrolling in one of the PERS plans and who meets the conditions outlined in subsection A above, shall receive a $200.00 per month credit either payable in cash or contributed to the employee's account with the City's deferred compensation plan. This credit shall be provided to such employee once a year in the month of December.
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Fringe Benefit Contribution. A. Health, Dental, and Vision Contributions
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Fringe Benefit Contribution. Effective January 1, 2019, in the event that the portion of the insurance allocation set out in Article XV, Section 3 which is used to pay for health insurance, exceeds by more than 5% the sum of the monthly premium, the District will pay such increase not to exceed $50 per month. This language will sunset on June 30, 2020.
Sample 1
Fringe Benefit Contribution i. All Police Management Association (hereinafter “Association”) employees must enroll in one of the PERS health program plans, unless they submit to the City both (1) proof of health coverage and (2) sign a health insurance waiver. Employees who fail to complete both requirements shall not be allowed to utilize their cafeteria plan contributions for any other eligible plans. ii. Association employees shall be provided the following cafeteria amounts each month: Employee only: $465; Employee + One Dependent: $925; Full Family: $1,200. iii. An Association employee who selects the option of not enrolling in one of the PERS plans and who meets the conditions outlined in subsection A above, shall receive a $200.00 per month credit either payable in cash or contributed to the employee's account with the City's deferred compensation plan. This credit shall be provided to such employee once a year in the month of December. iv. During fiscal year 2010-11, the Association may request that the City meet and confer in good faith on the City’s cafeteria contribution if the most recent preceding average increase for the PERS Health Plan (Public Employees’ Medical and Hospital Care Act; “PEMHCA”) is more than 5% as announced by PERS.
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Fringe Benefit Contribution. JOURNEYPERSON APPRENTICE 1st Year 2nd Year 3rd Year DC 51 FTI $ 0.50 $ 0.50 $ 0.50 $ 0.50 ULLICO Life and AD&D Fund $ 0.16 $ 0.16 $ 0.16 $ 0.16 IUPAT FTI $ 0.10 $ 0.10 $ 0.10 $ 0.10 LMP $ 0.05 $ 0.05 $ 0.05 $ 0.05 DC51 LMF $ 0.05 $ 0.05 $ 0.05 $ 0.05 Vaction Fund $ 2.00 $ 2.00 $ 2.00 $ 2.00 DMV Association $ 0.25 $ 0.25 $ 0.25 $ 0.25 NSPCA $ 0.05 $ 0.05 $ 0.05 $ 0.05 TOTAL $ 3.16 $ 3.16 $ 3.16 $
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Fringe Benefit Contribution. A. Medical, Dental, and Vision Contributions Full-time active employees shall be entitled to a monthly fringe benefit contribution, inclusive of the amount in Section 6.01, to purchase medical, dental and vision insurance. All changes are effective the first paycheck in January. Benefit Benefit Status January 2013 January 2014 January 2015 January 2016 Medical Waived Coverage on or after September 1, 2004 (includes all new employees) $400 $420 $420 $420 Waived Coverage on or before September 1, 2004 $465 $485 $485 $485 Single Coverage $636 $675 $720 $765 Two-party Coverage $797 $890 $990 $1090 Family Coverage $977 $1100 $1230 $1380 B. Enrollment Requirements 1. Eligible employees are required to enroll in a medical plan. Employees may waive enrollment in a City medical plan if they provide proof of alternate group coverage. Employees who waive or enroll in a medical plan that costs less than the medical contribution in Section 6.02(A) may use the excess amounts toward the purchase of dental and/or vision insurance or receive the excess amount in cash. 2. Eligible employees may enroll in a City dental plan. Employees who do not enroll in a City dental plan are not eligible to receive the contribution toward premiums for the basic dental plans referenced in Section 6.02(A). 3. Eligible employees may enroll in a City vision plan. Employees who do not enroll in a City vision plan are not eligible to receive the contribution toward the premium for the basic vision plan referenced in Section 6.02(A).
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Fringe Benefit Contribution 
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Related to Fringe Benefit Contribution

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Fringe Benefit The benefits provided by this Agreement are granted by the Employer as a fringe benefit to the Executive and are not a part of any salary reduction plan or any arrangement deferring a bonus or a salary increase. The Executive has no option to take any current payments or bonus in lieu of the benefits provided by this Agreement.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time-to-time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time-to-time by the Company for the benefit of its senior executives, other than any annual cash incentive plan.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).