HPAE RETIREE MEDICAL TRUST Sample Clauses

HPAE RETIREE MEDICAL TRUST. A. Within six (6) months after ratification of the agreement by the Union, the covered members of the bargaining units will participate in a referendum vote to participate in a mandatory employee contribution to the HPAE Retiree Medical Trust. Based upon an affirmative vote by bargaining unit, the Medical Center shall facilitate the payment of a monthly mandatory employee contribution of $.20 per hour for each full time and part time employee covered by this agreement in any bargaining unit in which there was an affirmative vote. No payroll check-off by employees will be required; instead, provided it is lawful, the Medical Center will transfer one check for this purpose of employee contributions, representing $.20 per hour for each full time and part time employee who worked in that month. The monthly per capita amount of employee contributions shall be included in each employee’s salary for purpose of calculating retirement benefits. The HPAE will defend and hold the Medical Center harmless against any and all claims or liability arising from the performance of its obligations in this article. The Medical Center will not be responsible for making any employer contribution. B. Contributions to the Trust shall be due at the Trust office on the 10th of the month following the month for which the contribution is made. Late payments may be subject to reasonable interest and/or penalties. C. The monies contributed to the trust fund shall only be used for retiree health insurance premiums or health service expenses, and the reasonable costs of administering the Trust. The Medical Center hereby acknowledges receipt of the Trust Agreement governing the Trust and will cooperate with the Trust Office in reporting and depositing the required contributions set forth above, according to rules set by the Trustees of the Trust. The parties acknowledge the following provision in Article XI, Sections 1 and 2, of the Trust Agreement regarding limitations on the liability of the participating employers: 1. Liabilities and Debts of Trust Fund No signatory party or Trustee, and no participating employer, employer association, labor organization, employee, or beneficiary shall be responsible for the liabilities or debts of the Trust Fund.”
Sample 1
AutoNDA by SimpleDocs
HPAE RETIREE MEDICAL TRUST. Effective January 1, 2010, the County shall make a monthly contribution to the Trust, in an aggregate amount equivalent to $0.10 for all regular hours paid to bargaining unit members. Effective January 1, 2011, the contribution shall be increased to $0.20. Effective January 1, 2013 the contribution will be decreased to $0.15 for all regular hours paid to bargaining unit members. This Trust shall remain separate and apart from any other employer retiree health insurance funding program unless changed by mutual agreement of the parties. The Trust shall be subject to periodic review and audit by the County.
Sample 1
HPAE RETIREE MEDICAL TRUST. Section 1: General Contribution from Wages
Sample 1
HPAE RETIREE MEDICAL TRUST. ‌ 36.1 The Medical Center shall withhold the mandatory employee contribution amount specified by the Union of twenty cents ($0.20) per hour worked for all eligible employees in the bargaining unit and transmit such funds to the HPAE Retiree Medical Trust. 36.2 Contributions to the Trust by the covered members of the bargaining unit shall be due at the Trust office on the 10th of the month following the month for which the contribution is made. 36.3 Paid hours include regular, PTO and non- overtime hours worked up to, but not beyond, 80 hours per two weeks’ pay period. e.g., Paid hours do not include on- call time, preceptor differential, education hours, PTO sell back, EST, jury duty and bereavement pay, bonus payments, and call-back hours. 36.4 Payroll deductions will begin for all new hires following completion of ninety (90) days of employment. 36.5 The Employer shall provide notice to the Union when an employee transfers to per diem status, terminates or is terminated from Medical Center employment, or transfers to a non-bargaining unit position, and, at that time, the deduction shall cease. 36.6 The Medical Center will also provide Employee ID, Name. Sex, Employer BU, DOB, DOE /DOH, Date the contribution Started and the contribution rate, Accumulated contribution. 36.7 The Medical Center assumes no obligation, financial or otherwise regarding the HPAE Retiree Medical Trust, or any provisions of this Article. The Union shall indemnify and hold the Medical Center harmless against any and all claims, demands, lawsuits or other actions that might arise out of this Agreement, or any claims, lawsuits filed by any persons related to the deductions of monies, or collection of monies in regards to the HPAE Retiree Medical Trust pursuant to this Article.
Sample 1
HPAE RETIREE MEDICAL TRUST. Quest shall withhold the mandatory employee contribution amount of twenty cents (.20) per hour for each full-time employee and transmit such funds to the HPAE Retiree Medical Trust, provided each employee provide appropriate documentation authorizing the deduction. Contributions to the Trust shall be due at the Trust office on the 10th of the month following the month for which the contribution is made. Quest assumes no obligation, financial or otherwise regarding the HPAE Retiree Medical Trust, or any provisions of this article. The Union shall indemnify and hold Quest harmless against any and all claims, demands, lawsuits filed by any person related to the deductions of monies, or collection of monies in regards to the HPAE Retiree Medical Trust pursuant to this article.
Sample 1
HPAE RETIREE MEDICAL TRUST. 36.1 The Medical Center shall withhold the mandatory employee contribution amount specified by the Union and transmit such funds to the HPAE Retiree Medical Trust. 36.2 Contributions to the Trust as voted by the covered members of the bargaining unit shall be due at the Trust office on the 10th of the month following the month for which the contribution is made. 36.3 The Medical Center assumes no obligation, financial or otherwise regarding the HPAE Retiree Medical Trust, or any provisions of this Article. The Union shall indemnify and hold the Medical Center harmless against any and all claims, demands, lawsuits or other actions that might arise out of this Agreement, or any claims, lawsuits filed by any persons related to the deductions of monies, or collection of monies in regards to the HPAE Retiree Medical Trust pursuant to this Article.
Sample 1
HPAE RETIREE MEDICAL TRUST 
Sample 1Sample 2Sample 3
AutoNDA by SimpleDocs

Related to HPAE RETIREE MEDICAL TRUST

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Retiree Medical (i) The Executive shall be entitled to receive retiree medical benefits during the Executive’s lifetime in accordance with the eligibility requirements, terms and conditions, and plan offerings for access to retiree medical benefits provided generally to full-time employees of the Company. The Executive may cover the individual who is the Executive’s spouse as of the date of the Executive’s termination of employment (the “Spouse”) and/or the individuals who are the Executive’s dependent children as of the date of the Executive’s termination of employment (the “Dependents”), to the extent eligible at the time of the Executive’s retirement, according to the terms and conditions of the Company’s retiree medical benefit plan. The cost of such benefits for the Executive, the Executive’s Spouse and eligible Dependents, will be 100% of the premiums and will be reimbursed by the Company on an annual basis up to the date the Executive reaches Medicare eligibility due to age, at which point such reimbursement will cease. Such reimbursement shall be made in accordance with the Company’s reimbursement practices, and in all events no later than December 31 of the year following the year in which the premiums were incurred, and in accordance with the other requirements of Code Section 409A and Treasury Regulation §1.409A-3(i)(1)(iv) (or any similar or successor provisions). Depending on the plan, all or a portion of the reimbursement may be taxable. Such benefits shall include prescription drug coverage, but not dental or vision benefits unless included in the medical plan. (ii) Upon reaching Medicare eligibility due to age, Medicare shall become the primary payor of medical/prescription benefits for the Executive, the Executive’s Spouse or eligible Dependents as applicable, and the reimbursement of premiums for such coverage by the Company shall cease. (iii) The Company reserves the right to modify, suspend or discontinue any and all retiree medical plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated officers; provided that, if the Company terminates retiree access to medical and/or prescription benefits generally for retirees, the Executive shall be entitled to an annual reimbursement from the Company upon proof of continued coverage for comparable medical and/or prescription coverage under an individual policy or other group policy, subject to a maximum total reimbursement of one and one-half (1½) times the applicable premium of the plan in effect at the time retiree access is terminated at the applicable coverage level, and subject to maximum annual inflation adjustment thereafter of five percent (5%). (iv) Upon the death of the Executive, a surviving Spouse will continue eligibility and reimbursement as described above. Surviving Dependent children will not receive premium reimbursement beyond the COBRA continuation period. For all other COBRA qualifying events other than the death of the Executive, reimbursement will cease upon commencement of the COBRA continuation period.

  • Pre-Retirement Leave An Employee scheduled to retire and to receive a superannuation allowance under the applicable pension Acts or who has reached the mandatory retiring age, shall be entitled to: (a) A special paid leave for a period equivalent to fifty percent (50%) of his/her accumulated sick leave credit, to be taken immediately prior to retirement; or (b) A special cash payment of an amount equivalent to the cash value of fifty percent (50%) of his/her accumulated sick leave credit, to be paid immediately prior to retirement and based upon his/her current rate of pay.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Public Employees Retirement System “PERS”) Members.

  • 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.

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Pre-Retirement Counseling Leave Each employee within four (4) years of chosen retirement age or date shall be granted, on a one-time basis, up to three and one-half (3-1/2) days leave with pay to pursue bona fide pre-retirement programs. Employees shall request the use of leave provided in this Section at least five (5) days prior to the intended day of use.

  • Supplemental Retirement Plan During the Contract Period, if the Executive was entitled to benefits under any supplemental retirement plan prior to the Change in Control, the Executive shall be entitled to continued benefits under such plan after the Change in Control and such plan may not be modified to reduce or eliminate such benefits during the Contract Period.

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