Health and Other Benefit Plans Sample Clauses

Health and Other Benefit Plans. The Executive shall be eligible to participate in any retirement plan, term life insurance or group medical insurance program (the “Benefit Plans”) offered by the Company, subject to the terms and conditions of such Benefit Plans. The Company maintains the right to terminate, modify, or amend the terms of such Benefit Plans. In the event that the Executive elects not to participate in the Company’s health insurance Benefit Plan, the Executive shall be entitled to receive a health insurance allowance equal to the Company’s regular contribution to the Company health insurance Benefit Plan.
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Health and Other Benefit Plans. 1. Effective October 1, 2014 the District agrees to contribute up to the following dollar “caps” towards the purchase by full-time Members of health insurance: Single $ 445.35 Employee Plus Spouse $ 1023.07 Employee Plus Child(ren) $ 1023.07 Family $ 1200.42 2. Effective October 1, 2015 the District contribution shall be increased by 6%. 3. Effective October 1, 2016 the District contribution shall be increased by 6%. 4. The District will pay the above-stated amounts regardless of which District-approved medical insurance plans the Member selects. The District pays the “single” premium for all eligible Members. The District pro-rates premium contributions for spouse, child(ren) or family coverage for part-time Members. 5. The District will provide dental, life and long-term disability insurance benefits. a. The District pays premiums for dental coverage as follows: (1) Full-time Members: Fully paid premiums for single, spouse, child(ren) or family coverage. (2) Part-time Members: Fully paid premium for single coverage. Pro-rate premium for spouse, child(ren) of family coverage. b. The District will pay premiums for life ($50,000), AD&D ($50,000) and long- term disability insurance benefits for all eligible Members. 6. In the event a member selects a health plan which costs less than the District contribution caps specified in Article 23, Section F, the difference will be deposited into a Health Savings Account (HSA) in the employee’s name. 7. The District agrees to pay $210 per month into a VEBA (Voluntary Employee Benefit Account) or similar program for every unit member agreeing to drop the district insurance plan, during open enrollment, explained in Section 23.F.1-4 above and 23.F.8-9 below, subject to the limitations and conditions required by the insurance carrier. a. Such employee must provide evidence that they are covered by an alternate insurance plan. 8. For the purposes of determining the District’s health insurance contribution, the following method will be used to calculate full time and part time status and to pro-rate health insurance contributions for part time status Members: a. 1320 annual hours or more annual hours = full time benefits. b. 768 annual hours to 1319.99 annual hours = Member’s scheduled annual hours/1520 annual hours x full time benefits. For example: (1) A Member scheduled to work 768 annual hours; 768/1520; Member receives 51% of full District insurance contribution. (2) A member scheduled to work 1319 annual hours; 1319/...
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Health and Other Benefit Plans. Employee shall be entitled to participate in any and all of the Company’s health and other benefit plans that are in effect from time to time.
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Health and Other Benefit Plans. 1. Effective October 1, 2017 the District agrees to contribute up to the following dollar “caps” towards the purchase by full-time Members of health (medical, dental and vision) insurance: a. Single $592.99 b. Employee Plus Spouse $1334.33 c. Employee Plus Child(ren) $1248.97 d. Family $1758.93 2. The District will pay the above-stated amounts regardless of which District-approved medical insurance plans the Member selects. The District pays the “single” premium for all eligible Members. The District pro-rates premium contributions for spouse, child(ren) or family coverage for part-time Members. Domestic Partners of benefits eligible members shall be eligible for insurance coverage. In the event a member chooses cross tier selections (medical, dental and vision), the medical plan will dictate the cap amount. a. The District will pay premiums for life ($50,000), AD&D ($50,000) and long-term disability insurance benefits for all eligible Members. 3. The District shall make an Employee Assistance Program available for all members. 4. In the event a member selects a HSA compliant medical insurance plan, the difference between their medical, dental and vision plan costs and the District contribution caps specified in Article 23, Section F, will be deposited into a Health Savings Account (HSA) in the employee’s name. 5. The District agrees to pay $300 per month into a VEBA (Voluntary Employee Benefit Account) or similar program for every unit member agreeing to drop the district insurance plan, during open enrollment, explained in Section 23.F.1-4 above and 23.F.8-9 below, subject to the limitations and conditions required by the insurance carrier. a. Such employee must provide evidence that they are covered by an alternate insurance plan. 6. For the purposes of determining the District’s health insurance contribution, the following method will be used to calculate full time and part time status and to pro-rate health insurance contributions for part time status Members: a. 1320 annual hours or more annual hours = full time benefits. b. 760 annual hours to 1319.99 annual hours = Member’s scheduled annual hours/1520 annual hours x full time benefits. For example: (1) A Member scheduled to work 760 annual hours; 760/1520; Member receives 50% of full District insurance contribution. (2) A member scheduled to work 1319 annual hours; 1319/1520; Member receives 87% of full District insurance contribution. c. Member’s annual hours shall be determined by their scheduled...
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Health and Other Benefit Plans. A. Group Health Reimbursement Arrangement (Group HRA) 1. Effective October 1, 2024, the Union and District have designated certain OEBB medical plans as preferred plans. Each year of this agreement, one or more of the plans selected will be paired with a District funded Group HRA. Members and eligible dependents that enroll in the preferred district major medical plan shall also be eligible to participate in a District sponsored group HRA plan. 2. The following preferred plans are subject to change by OEBB and by mutual agreement between the Union and the District. x. Xxxxxx Plan 2B b. Moda Plan 5 3. Group HRA Plan design: Xxxxxx Plan 2B The Group HRA will reimburse one hundred percent (100%) of the Xxxxxx Plan 2B deductible. Maximum in-network out-of-pocket paid by employees is one thousand five hundred dollars ($1,500) per person (up to four thousand five hundred dollars ($4,500) for families of three (3) or more). a. Employee Only - $0/$1,500 b. Employee plus Spouse - $0/$3,000
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Health and Other Benefit Plans. Executive shall be entitled to participate in the Company’s health and other benefit plans that are in effect from time to time.
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Health and Other Benefit Plans. 1. Effective October 1, 2010 the District agrees to pay health insurance benefits up to the following: Single $ 352.75 per month Employee Plus Spouse $ 810.37 per month Employee Plus Child(ren) $ 810.37 per month Family $ 950.85 per month The District will pay up to the stated amount regardless of which insurance plan (OEBB) the member selects. The District will provide dental, life and long-term disability insurance benefits. 2. Effective October 1, 2011 the District agrees to pay health insurance benefits up to the following: Single $ 373.92 per month Employee Plus Spouse $ 858.99 per month Employee Plus Child(ren) $ 858.99 per month Family $ 1,007.90 per month The District will pay up to the stated amount regardless of which insurance plan (OEBB) the member selects. The District will provide dental, life and long-term disability insurance benefits. 3. Rather than those benefits specified in subsection 1 above, part-time members shall be provided single subscriber medical subject to the above caps, single subscriber dental, life and long-term disability coverages subject to the rules and regulations of the insurance carrier. 4. If a member is laid off, he/she may continue his/her insurance coverage at his/her own expense during the period of layoff per Article 22, E, and subject to the rules and regulations of the insurance carrier and subject to federal law (“COBRA”). 5. Insurance plans and/or carriers may be changed during the term of this Agreement only by mutual agreement between the parties. 6. Members who work one hundred and sixty-five (165) days or more in a fiscal year shall be entitled to the District contribution for twelve (12) months for fringe benefits in accord with this section so long as the member completes his/her individual contract. The individual contract will be deemed completed if the member either works or receives pay for all workdays scheduled on the member's work calendar. Members who work less than 165 days shall have the number of months of District contributions prorated. Notwithstanding, members who would otherwise qualify for 12 months of District insurance contributions, but who are on unpaid status for over 10 consecutive workdays, will have their health and other benefit plan District contributions for the following month reduced by a fraction created by the total number of days of unpaid leave during that month over the denominator of 15.833. Member contributions to health and other benefit plan benefits necessitated ...
Sample 1
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Related to Health and Other Benefit Plans

  • 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.

  • 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:

  • 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.

  • Parental leave and other entitlements An employee may in lieu of or in conjunction with parental leave, access any annual leave or long service leave entitlements which they have accrued subject to the total amount of leave not exceeding 52 weeks.

  • Labor and Other Employment Matters (a) (i) Neither the Company nor any of the Company Subsidiaries is a party to or bound by any collective bargaining or similar agreement or work rules or practices with any labor union, works council, labor organization or employee association applicable to employees of the Company or any Company Subsidiary nor are there any negotiations or discussions currently pending between the Company or the Company Subsidiaries and any union, work counsel, labor organization, or employee association, (ii) there have been no strikes, work stoppages, shutdowns, or lockouts with respect to any employees of the Company or any Company Subsidiary (“Company Employees”) during the last five (5) years, (iii) to the knowledge of the Company, there is no effort pending or threatened against the Company or any Company Subsidiary, (iv) there is no unfair labor practice, labor dispute (other than routine individual grievances) or labor arbitration proceeding pending or, to the knowledge of the Company, threatened with respect to Company Employees, and (v) there is no slowdown, work stoppage or similar labor activity in effect or, to the knowledge of the Company, threatened with respect to Company Employees; except, with respect to clauses (ii) through (v) hereof, as would not have, or would not reasonably be expected to have, individually or in the aggregate, a Company Material Adverse Effect. (b) The Company and the Company Subsidiaries are, and have been, in compliance in all material respects with all applicable Laws respecting (i) employment and employment practices, (ii) terms and conditions of employment and wages and hours, including obligations of the Worker Adjustment and Retraining Notification Act (the “WARN Act”), (iii) unfair labor practices, and (iv) occupational safety and health and immigration. Except as set forth in Section 4.11(b) of the Company Disclosure Letter, neither the Company nor any Company Subsidiary has implemented, conducted or experienced a “plant closing” or “mass layoff” as defined in the WARN Act (or any similar group personnel action requiring advance notice under the WARN Act) affecting any site of employment or one or more facilities or operating units within any site of employment or facility of the Company or any Company Subsidiary. (c) Except as set forth in Section 4.11(c) of the Company Disclosure Letter, there are no proceedings pending or, to the knowledge of the Company, threatened against the Company or any of the Company Subsidiaries in any forum by or on behalf of any present or former Company Employee or any present or former employee of any Person providing services to any Company Entity for which the Company could reasonably be expected to be liable that, individually or in the aggregate, would reasonably be expected to have a Company Material Adverse Effect, any applicant for employment or classes of the foregoing alleging unpaid or overdue wages or compensation due, breach of any express or implied employment contract, violation of any Law or regulation governing employment or the termination thereof, or any other discriminatory, wrongful or tortious conduct on the part of the Company of any of the Company Subsidiaries in connection with the employment relationship that, individually or in the aggregate, would reasonably be expected to have a Company Material Adverse Effect. (d) Each individual who renders service to the Company or any Company Subsidiary who is classified by the Company or such Company Subsidiary, as applicable, as having the status of an independent contractor or other non-employee status for any purpose (including for purposes of taxation and tax reporting and under any Company Employee Benefit Plans) is properly so classified and treated in accordance with applicable Laws and for purposes of all Company Employee Benefit Plans and perquisites.

  • Returns and Other Elections The Managers shall cause the preparation and timely filing of all tax returns required to be filed by the Company pursuant to the Code and all other tax returns deemed necessary and required in each jurisdiction in which the Company does business. All elections permitted to be made by the Company under federal or state laws shall be made by the Managers with the consent of the Member(s).

  • 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 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.

  • 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.

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