Fringe Benefits Leaves Sample Clauses

Fringe Benefits Leaves. A. Health/Major Medical. The District agrees to provide Health Care Insurance to the Superintendent during the term of this Contract. The Superintendent will contribute to the cost of his health care benefits at the rate of 15% of the premium-based upon the selected coverage level. The District will provide a base level insurance plan. If the Superintendent wishes to partake in a higher level of coverage, the Superintendent shall pay the base premium contribution of 15% and 100% of the additional premium for the higher level of insurance coverage. If the Superintendent waives health insurance, the Superintendent will be paid one-third (1/3) the cost per year of the plan for which the Superintendent is eligible. One-half (1/2) of the one-third (1/3) payment will be made in the last pay in February and the remaining amount will be paid in the last pay of August. The District shall arrange to have this payment deducted on a pretax basis. The District reserves the right to switch to a benefits plan with substantially the same coverage should it benefit the District financially. Monies due to the Superintendent under this paragraph shall be deposited as an employer Internal Revenue Code Section 403b contribution into an account of the Superintendent’s choice. In the event of the Superintendent’s death while he is still employed by the School District, payment for unused sick leave days shall be remitted to the Superintendent’s estate.
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Fringe Benefits Leaves 

Related to Fringe Benefits Leaves

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Sick Leave Benefits Sick leave is an indemnity benefit and not an acquired right. A Nurse who is absent from a scheduled shift on approved sick leave shall only be entitled to sick leave pay if the Nurse is not otherwise receiving pay for that day, and providing the Nurse has sufficient sick leave credits.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period.

  • Sick Benefits 15.01 Eligible employees will receive Short Term Disability Benefits in accordance with the terms and conditions outlined in the STD Plan Text, a copy of which has been supplied to the Union. The STD plan forms part of this Collective Agreement.

  • Leave Benefits Paid leave is available to the Superintendent when the following specific conditions are met: (1) the Superintendent is currently employed by the District and (2) the paid leave day is taken on a day Superintendent would otherwise be expected to be at work.

  • ’ Compensation Leave If such determination cannot readily be made and all healthcare leave or annual leave subject to 100% payoff has been applied to the absence, the employee shall be placed on Official Leave until a final determination is made.

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Health Benefits The method for determining the Employer bi-weekly contributions to the cost of employee health insurance programs under the Federal Employees Health Benefits Program (FEHBP) will be as follows:

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