Group Insurance Plan for Employees Sample Clauses

Group Insurance Plan for Employees. The Township shall participate in a Health Benefits program to provide for Hospital, Surgical, Prevailing Fee and Major Medical benefits coverage. The extent of Township participation shall be limited to the below listed amount: Single $2,300 2,300 2,400 2,400 Parent & Child $4,000 4,000 4,100 4,100 Husband & Wife $4,500 4,500 4,600 4,600 Family $6,700 6,700 6,800 6,800 Said limits shall only apply to selection to HMO coverage. The Township will provide for a self insurance program and will contract with HMO programs. Any difference in the amount between the Township limit and the quoted premium shall be borne by the employee through payroll deductions depending upon the plan chosen by the employee if said difference is greater than the Township’s limit. These limits shall also apply to those employees receiving Health Benefits after retirement for which they will be billed quarterly for any difference between the coverage chosen and the Township limit. The plan shall be available for full time permanent or provisional employees on the first of the month after thirty days of hire. Employees hired on 8/14 will be put on benefits as of 10/01. There shall be no changes in the group hospital medical plan or any type of insurance presently maintained and paid by the Employer and the Employees, except in the case of a new plan that is equivalent or better. For those employees selecting the Township’s self insurance plan only, beginning in 1998 the Township will provide for dependent child physicals to age sixteen (16) depending upon the employee’s date of hire.
Sample 1
AutoNDA by SimpleDocs
Group Insurance Plan for Employees. The Township shall participate in a Health Benefits program to provide for Hospital, Surgical, Prevailing Fee, and Major Medical benefits coverage. The Township will provide for a self-insurance program. The plan shall be available for full time permanent or provisional employees on the first of the month after thirty days of hire. Employees hired on 8/14 will be put on benefits as of 10/01. There shall be no changes in the group hospital medical plan or any type of insurance presently maintained and paid by the Employer and the Employees, except in the case of a new plan that is equivalent or better. Employee contribution to premium cost shall be in accordance with applicable law and shall be made by payroll deduction. Employee contributions will continue at the rate of tier four of Chapter 78.
Sample 1
Group Insurance Plan for Employees. A. The Township shall participate in a Health Benefits program to provide Hospital, Surgical, Prevailing Fee and Major Medical benefits coverage. The extent of Township participation shall be limited to the below listed amounts: or HMO coverage. Said limits shall only apply to selection of HIP The Township will provide for a self insurance program and will contract with HMO and HIP programs. Any difference in the amount between the Township limit and the quoted premium shall be borne by the employee through payroll deductions depending upon the plan chosen by the employee if said difference is greater than the Township’s limit. These limits shall also apply to those employees receiving Health Benefits after retirement for which they will be billed quarterly for any difference between the coverage chosen and the Township limit. For contract years 2001 and 2003 the Township limit shall be increased by one-half (1/2) of the average of the cost of living percentage as published by the US Department of Labor for the Philadelphia-Southern New Jersey Region for twelve (12) consecutive months prior to January 1 of the preceding year.
Sample 1
Group Insurance Plan for Employees 
Sample 1Sample 2Sample 3See All (6)

Related to Group Insurance Plan for Employees

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (Xxxxxx‐Milias‐Xxxxx Act). a. The District contracts with CalPERS for health plan coverage for all regular and newly hired employees (eligibility to be defined by the “CalPERS health plan”). Booklets on the insurance plans will be available to all participants. b. Employees may choose from the available plans offered by CalPERS. Additional premiums will be borne by the employee through payroll deductions and paid to CalPERS by the District each month; and the additional cost for monthly premiums will be deducted evenly from the first and second payroll period of each month. To the extent allowed by law, the District will attempt to deduct the employee’s premium contribution from pre‐tax dollars.

  • Insurance Plan 19.01 The Employer agrees to contribute the indicated percentage of the premium cost of the following group plans for full-time employees (and their families where applicable) who have completed their probationary period.

  • Group Life Insurance Plan Eligibility

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

  • Salaried Employees Employees in this unit who qualify for exemption from the FLSA overtime provisions based upon duties and who are receiving the Project Manager bonus, as provided for in this MOU, shall be treated as salaried employees, in accordance with the provisions of the FLSA as identified in LAAC section 4.113(b). Salaried employees may be assigned 5/40, 4/10 9/80 or other schedules at the discretion of Management. Notwithstanding any LAAC and MOU provisions, or other City department rules and regulations to the contrary, these employees shall not be required to record specific hours of work for compensation purposes, although hours may be recorded for other purposes. These employees will be paid the predetermined salary for each biweekly pay period, as indicated in the appropriate salary appendices, and shall not receive overtime compensation. Salaried employees shall not be subject to deductions from salary or any leave banks for absences from work of less than a full workday. This provision applies to occasional partial day absences from work which are authorized by the appropriate supervisor designated by management. This provision does not apply to long-term or recurring partial day absences (e.g., intermittent leave/reduced work schedule for purposes of Family/Medical Leave). Salaried employees shall not be subject to disciplinary suspension for a period of less than a workweek (seven days; half of the biweekly pay) unless based on violations of a safety rule of major significance. This requirement shall be superseded by the revised Department of Labor FLSA regulations pertaining to disciplinary suspensions of FLSA-exempt employees on the operative date of the FLSA regulations. The appointing authority of each City department may grant time off for hours worked due to unusual situations.

  • Former Employees All Employees terminating service with the Employer during the Plan Year and who have satisfied the eligibility requirements based on the terms of the Employer's accumulated benefits plans checked below (select all that apply; leave blank if no exclusions): a. [ ] The Former Employee must be at least age (e.g., 55) b. [ ] The value of the sick and/or vacation leave must be at least $ (e.g., $2,000) c. [ ] A contribution will only be made if the total hours is over (e.g., 10) hours d. [ ] A contribution will not be made for hours in excess of (e.g., 40) hours

  • 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.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • 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.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

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