FRINGE BENEFITS AND OTHER ALLOWANCES Sample Clauses

FRINGE BENEFITS AND OTHER ALLOWANCES. INSURANCE: 6.1 FULL TIME: The District's monthly insurance contribution for each full time equivalent (FTE) unit member is one thousand two hundred dollars ($1,200) per month for the period October 2017 through September 2020. There will be a one-time transfer of $650,000 from the licensed insurance reserve fund to the general fund on December 1, 2017, October 1, 2018 and October 1, 2019.
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs
FRINGE BENEFITS AND OTHER ALLOWANCES. INSURANCE: 6.1 FULL TIME: The District's monthly insurance contribution for each full-time equivalent (FTE) unit member is one thousand one hundred and forty-five dollars ($1,145.00) per month for the period October 2013 2014 through September 20142015. There will be a one-time transfer of $200,000 from the licensed insurance reserve fund to the District general fund on October 1, 2013, to cover the cost of the insurance increase. There will be a second transfer of $589,000 from the licensed insurance reserves to the District general fund on August 1, 2013, representing the cost of the COLA and a portion of the step increases.
Sample 1Sample 2
FRINGE BENEFITS AND OTHER ALLOWANCES. A. The District shall provide a benefits package that includes full family medical, dental, and vision insurance for each member of the bargaining unit. The District shall contribute up to $1,490.39 per month for such benefits for the 2021-22 benefits year and $1,540.39 for the 2022-2023 benefits year. No residual benefit shall accrue to single employees. B. Teachers who work less than full time (1.0 FTE) will receive insurance benefits on a pro-rata basis. C. The current medical insurance carrier is the OEBB. The LCEA shall select the plans available for bargaining unit members per the provisions established by OEBB and this contract. Dental, Vision and Life insurance (long-term disability) will be part of the fringe benefit package offered by LCSD to the bargaining unit. Dental and vision insurance shall be through the District’s self-insured program. D. Teachers may participate in an IRS Section 125 account by appropriate payroll deductions. The plan to be offered will include accounts for chiropractic care, medical, dental, and vision premiums (above the cap) by way of pre-taxed payroll deductions, and such other accounts as are approved by the District. E. Members of the Association will participate in the LCSD Insurance Committee to continually evaluate and improve insurance options. Benefit or plan changes require the approval of both the Association and the District’s Board of Directors. F. For the terms of this Agreement, the parties will designate MODA’s high deductible plan as the preferred district major medical plan for bargaining unit members. 1. Members enrolling in MODA’s high deductible plan for themselves and any eligible family members shall also be eligible to participate in the District sponsored Group Health Reimbursement Arrangement (HRA) plan. Please Note: Due to IRS regulations, Domestic Partners and/or children of Domestic Partners are not eligible for participation in HRA, FSA, or HSA reimbursement. 2. The purpose of the Group HRA is to provide benefits via a claims submission process. The Group HRA for the Lincoln County School District is designed as follows (per person, with family maximums): First $500 of deductible expenses: Employee Responsibility Next $1600 of deductible expenses: Reimbursed by the HRA @ 75% ($760 HRA / $190 Employee) First $2,425 of co-insurance & copay expenses: Employee Responsibility Next $2,675 of co-insurance & copay expenses: Reimbursed by the HRA If a participant incurs out-of-network expenses, the...
Sample 1
FRINGE BENEFITS AND OTHER ALLOWANCES. INSURANCE: 6.1. FULL TIME: The District's monthly insurance contribution for each full time equivalent (FTE) unit member for 2014- 15 is one thousand two hundred and ten dollars ($1,210) one hundred and forty-five dollars ($1,145) per month for the period October 2017 2014 through September 2019, and one thousand two hundred and twenty ($1,220) dollars per month for the period starting October 2019. From October 2017 through September 2020, members will receive subsidies from the licensed insurance reserve fund such that the combined total monthly contribution received by members is one thousand two hundred and forty dollars ($1,240). 2015. For 2015-16, the District’s monthly insurance contribution for each full-time equivalent unit member shall be one thousand, one hundred seventy-five dollars ($1,175) per month. For 2016-17, the District’s monthly insurance contribution for each full-time equivalent unit member shall be one thousand, two hundred dollars ($1,200) month. There will be a one-time transfer of $330,000 from the licensed insurance reserve fund to the District general fund on November 1, 2014, October 1, 2015 and October 1, 2016. During the term of this agreement, the district will not make contributions to the licensed insurance reserve fund on behalf of members who have waived insurance.
Sample 1
FRINGE BENEFITS AND OTHER ALLOWANCES. 6.1. FULL TIME: The District's monthly insurance contribution for each full time equivalent (FTE) unit member for 2014-15 is one thousand two hundred dollars ($1,200) one hundred and forty-five dollars ($1,145) per month for the period October 2017 2014 through September 2020. 2015. For 2015-16, the District’s monthly insurance contribution for each full-time equivalent unit member shall be one thousand, one hundred seventy-five dollars ($1,175) per month. For 2016-17, the District’s monthly insurance contribution for each full-time equivalent unit member shall be one thousand, two hundred dollars ($1,200) month. There will be a one-time transfer of $330,000 from the licensed insurance reserve fund to the District general fund on November 1, 2014, October 1, 2015 and October 1, 2016. There will be a one-time transfer of $650,000 from the licensed insurance reserve fund to the general fund on December 1, 2017, October 1, 2018 and October 1, 2019. 6.4.a. The insurance reserve fund and all amounts which have been added to the fund, including interest earned on the fund amount, are reserved exclusively for the bargaining unit members' insurance program as managed by the JBC. Beginning June 30, 2020, amounts over one million five hundred thousand dollars ($1,500,000), based on the year-end reconciliation, will revert to the District general fund; provided, however, that should members be offered tiered rates, amounts over two million five hundred thousand dollars ($2,500,000) will revert to the District general fund. (TA 11/2/17)
Sample 1
FRINGE BENEFITS AND OTHER ALLOWANCES. 6.1 FULL TIME: The District’s monthly insurance contribution for each full time equivalent (FTE) unit member is eight hundred twenty-three dollars ($823.00) per month for medical, vision, dental, life, and long-term disability insurance for the period October 2005 through June 2006. The District’s monthly insurance contribution for each full time equivalent (FTE) unit member is eight hundred eighty-eight dollars ($888.00) per month for medical, vision, dental, life, and long-term disability insurance for the period October 2006 through June 2007.
Sample 1
FRINGE BENEFITS AND OTHER ALLOWANCES. INSURANCE: 6.1 FULL TIME: The District's monthly insurance contribution for each full time equivalent (FTE) unit member for 2014-15 is one thousand one hundred and forty-five dollars ($1,145) per month for the period October 2014 through September 2015. For 2015-16, the District’s monthly insurance contribution for each full-time equivalent unit member shall be one thousand, one hundred seventy-five dollars ($1,175) per month. For 2016-17, the District’s monthly insurance contribution for each full-time equivalent unit member shall be one thousand, two hundred dollars ($1,200) per month. There will be a one-time transfer of $330,000 from the licensed insurance reserve fund to the District general fund on November 1, 2014, October 1, 2015 and October 1, 2016
Sample 1
AutoNDA by SimpleDocs

Related to FRINGE BENEFITS AND OTHER ALLOWANCES

  • Executive Perquisites, Benefits and Other Compensation Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, benefits provided to Executive under this clause (i) to be at least equal to such benefits provided to Metals executives. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other Company-wide employee benefits as are available from time to time.

  • Vacation and Other Benefits Each Contract Year, Executive shall be entitled to four (4) weeks of paid vacation in accordance with Employer’s applicable policies and procedures for executive-level employees. Executive shall also be eligible to participate in and receive the fringe benefits generally made available to other executive-level employees of Employer in accordance with and to the extent that Executive is eligible under the general provisions of Employer’s fringe benefit plans or programs; provided, however, that Executive understands that these benefits may be increased, changed, eliminated or added from time to time during the Term as determined in Employer’s sole and absolute discretion.

  • Compensation and Other Benefits Subject to the provisions of this Agreement, the Company shall pay and provide the following compensation and other benefits to the Executive during the Term as compensation for services rendered hereunder:

  • Insurance and Other Benefits During the Employment Period, the Executive and the Executive’s dependents shall be entitled to participate in the Company’s insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time (the “Benefits”). The Executive shall be entitled to paid personal days on a basis consistent with the Company’s other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of this Agreement shall control.

  • Salary and Other Compensation As compensation for the services to be rendered by the Employee to the Company pursuant to this Agreement, the Employee shall be paid the following compensation and other benefits:

  • Expense Reimbursement and Other Benefits (a) During the term of Executive’s employment hereunder, pursuant to Applica’s Travel and Expense Policy and upon the submission of proper substantiation by the Executive, including copies of all relevant invoices, receipts or other evidence reasonably requested by Applica, Applica shall reimburse the Executive for all reasonable expenses actually paid or incurred by the Executive in the course of and pursuant to the business of Applica or any Affiliates. (b) Executive shall participate in Applica’s Group Health and Hospitalization Plan, Group Life Insurance Plan, Group Disability Insurance Plan and all other insurances, or insurance plans (collectively, the “Welfare Benefits”), and executive benefits and bonuses covering Applica’s executive officers as are now or may in the future be in effect, subject to applicable eligibility requirements. Additionally, Applica shall provide the Executive with life insurance in an amount equal to five times his Base Salary. During the Term, Applica shall pay for (i) the Executive’s annual dues in a country club and (ii) tax preparation and financial planning for the Executive on an annual basis up to a maximum of 1% of his base salary. (c) During the Term, Applica shall provide Executive with a monthly automobile allowance of $975. (d) During the Term, the Executive will be entitled to four weeks’ paid vacation for each year. The Executive will also be entitled to the paid holidays and other paid leave set forth in Applica’s policies. Vacation days and holidays during any fiscal year that are not used by the Executive during such Fiscal Year may not be carried over and used in any subsequent Fiscal Year.

  • Vacation and Other Leave During the Period of Employment, the Executive shall accrue and be entitled to take paid vacation in accordance with the Company’s vacation policies in effect from time to time, including the Company’s policies regarding vacation accruals; provided that the Executive’s rate of vacation accrual during the Period of Employment shall be no less than three (3) weeks per year. The Executive shall also be entitled to all other holiday and leave pay generally available to other executives of the Company.

  • COMPENSATION AND OTHER FEES As compensation for the services provided by Xxxxxx xxxxxxxxx, the Company agrees to pay to Xxxxxx: (A) The fees set forth below with respect to the Placement: 1. A cash fee payable immediately upon the closing of the Placement and equal to 6% of the aggregate gross proceeds raised in the Placement. Additionally, a cash fee payable within 48 hours of (but only in the event of) the receipt by the Company within 12 months of the Closing Date of any proceeds from the exercise of the Warrants sold in the Placement that are solicited by the Placement Agent and otherwise in compliance with Financial Industry Regulatory Authority (“FINRA”) Rule 5110 equal to 5% of the aggregate cash exercise price received by the Company upon such exercise, if any (the “Warrant Solicitation Fee”), provided, however, the Warrant Solicitation Fee shall be reduced (before any reduction to the Xxxxxx Warrants described in the last sentence of Section A.2 below or any reduction to the expense reimbursement to Xxxxxx in Section B below) to the extent (and only to the extent) that Xxxxxx’x aggregate compensation for the Placement, as determined under FINRA Rule 5110, would otherwise exceed 8%. Such determination of the actual Warrant Solicitation Fee shall be made promptly following completion of the Placement and communicated in writing to the Company. 2. Such number of warrants (the “Xxxxxx Warrants”) to be issued to Xxxxxx or its designees at the Closing to purchase shares of Common Stock equal to 5% of the aggregate number of Shares sold in the Placement. The Xxxxxx Warrants shall have the same terms as the Warrants (if any) issued to the Purchasers in the Placement except that the exercise price shall be at least 125% of the public offering price per share, but in any event not less than the Warrant exercise price, and the expiration date shall be November 27, 2012. The Xxxxxx Warrants shall not have antidilution protections or be transferable for six months from the date of the Offering except as permitted by FINRA Rule 5110, and further, the number of Shares underlying the Xxxxxx Warrants shall be reduced if necessary to comply with FINRA rules or regulations. Such determination of the actual number of Shares underlying the Xxxxxx Warrants shall be made promptly following completion of the Placement and communicated in writing to the Company. (B) The Company also agrees to reimburse Xxxxxx’x expenses (with supporting invoices/receipts) up to a maximum of 0.8% of the aggregate gross proceeds raised in the placement, but in no event more than $30,000 and only in the event the Placement has been consummated. If payable, such reimbursement shall be paid immediately upon the closing of the Placement.

  • Payment of Employment Taxes and Other Expenses Should City, in its discretion, or a relevant taxing authority such as the Internal Revenue Service or the State Employment Development Division, or both, determine that Contractor is an employee for purposes of collection of any employment taxes, the amounts payable under this Agreement shall be reduced by amounts equal to both the employee and employer portions of the tax due (and offsetting any credits for amounts already paid by Contractor which can be applied against this liability). City shall then forward those amounts to the relevant taxing authority. Should a relevant taxing authority determine a liability for past services performed by Contractor for City, upon notification of such fact by City, Contractor shall promptly remit such amount due or arrange with City to have the amount due withheld from future payments to Contractor under this Agreement (again, offsetting any amounts already paid by Contractor which can be applied as a credit against such liability). A determination of employment status pursuant to the preceding two paragraphs shall be solely for the purposes of the particular tax in question, and for all other purposes of this Agreement, Contractor shall not be considered an employee of City. Notwithstanding the foregoing, Contractor agrees to indemnify and save harmless City and its officers, agents and employees from, and, if requested, shall defend them against any and all claims, losses, costs, damages, and expenses, including attorneys’ fees, arising from this section.

  • Corrective and Other Allocations In the event of any allocation of Additional Book Basis Derivative Items or any Book-Down Event or any recognition of a Net Termination Loss, the following rules shall apply: (A) Except as provided in Section 6.1(d)(xii)(B), in the case of any allocation of Additional Book Basis Derivative Items (other than an allocation of Unrealized Gain or Unrealized Loss under Section 5.5(d) hereof) with respect to any Partnership property, the General Partner shall allocate such Additional Book Basis Derivative Items (1) to (aa) the holders of Incentive Distribution Rights and (bb) the General Partner in the same manner that the Unrealized Gain or Unrealized Loss attributable to such property is allocated pursuant to Section 5.5(d)(i) or Section 5.5(d)(ii) and (2) to all Unitholders, Pro Rata, to the extent that the Unrealized Gain or Unrealized Loss attributable to such property is allocated to any Unitholders pursuant to Section 5.5(d)(i) or Section 5.5(d)(ii). (B) In the case of any allocation of Additional Book Basis Derivative Items (other than an allocation of Unrealized Gain or Unrealized Loss under Section 5.5(d) hereof or an allocation of Net Termination Gain or Net Termination Loss pursuant to Section 6.1(c) hereof) as a result of a sale or other taxable disposition of any Partnership asset that is an Adjusted Property (“Disposed of Adjusted Property”), the General Partner shall allocate (1) additional items of income and gain (aa) away from the holders of Incentive Distribution Rights and the General Partner and (bb) to the Unitholders, or (2) additional items of deduction and loss (aa) away from the Unitholders and (bb) to the holders of Incentive Distribution Rights and the General Partner, to the extent that the Additional Book Basis Derivative Items allocated to the Unitholders exceed their Share of Additional Book Basis Derivative Items with respect to such Disposed of Adjusted Property. For this purpose, the Unitholders shall be treated as being allocated Additional Book Basis Derivative Items to the extent that such Additional Book Basis Derivative Items have reduced the amount of income that would otherwise have been allocated to the Unitholders under this Agreement (e.g., Additional Book Basis Derivative Items taken into account in computing cost of goods sold would reduce the amount of book income otherwise available for allocation among the Partners). Any allocation made pursuant to this Section 6.1(d)(xii)(B) shall be made after all of the other Agreed Allocations have been made as if this Section 6.1(d)(xii) were not in this Agreement and, to the extent necessary, shall require the reallocation of items that have been allocated pursuant to such other Agreed Allocations. (C) In the case of any negative adjustments to the Capital Accounts of the Partners resulting from a Book-Down Event or from the recognition of a Net Termination Loss, such negative adjustment (1) shall first be allocated, to the extent of the Aggregate Remaining Net Positive Adjustments, in such a manner, as determined by the General Partner, that to the extent possible the aggregate Capital Accounts of the Partners will equal the amount that would have been the Capital Account balance of the Partners if no prior Book-Up Events had occurred, and (2) any negative adjustment in excess of the Aggregate Remaining Net Positive Adjustments shall be allocated pursuant to Section 6.1(c) hereof. (D) In making the allocations required under this Section 6.1(d)(xii), the General Partner may apply whatever conventions or other methodology it determines will satisfy the purpose of this Section 6.1(d)(xii).

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!