Indemnity Plan Sample Clauses
An Indemnity Plan clause establishes a framework where one party agrees to compensate another for certain losses or damages incurred in connection with the agreement. Typically, this clause outlines the specific types of claims or liabilities covered, such as third-party lawsuits, property damage, or legal expenses, and may set limits or procedures for making indemnity claims. Its core practical function is to allocate financial risk between the parties, ensuring that the party protected by the clause is not left bearing the costs of specified losses arising from the contract.
Indemnity Plan. The teachers shall pay 100 per cent of the cost of premiums of the plan. The Board will deduct premiums from teachers for the S.I.F. Plan.
b. Coverage for teachers will be provided while they are on Salary Indemnity payments for medical, dental and life insurance premiums in accordance with coverage generally provided.
Indemnity Plan. The Committee shall cease to offer an Indemnity Plan to any new hires or former hires not currently enrolled in said plan upon ratification of this Agreement. All bargaining unit members currently enrolled in an Indemnity Plan shall contribute as follows: Bargaining unit members hired after 7/1/98 shall pay one-hundred percent (100%) of the additional cost of the Indemnity Plan. Bargaining unit members hired before 7/1/98 shall pay twenty percent (20%) of the additional cost of the Indemnity plan.
Indemnity Plan. 1. Effective January 1, 2019 2018, the City will provide the following medical indemnity plan benefit level through December 31, 2019 2018, subject to additional changes approved in this Addendum and changes under Section C. The following changes to the medical indemnity plan have been approved:
(a) Employee Contributions
(b) Deductibles
(c) Co-Payments
(d) Co-Insurance
Indemnity Plan. 1. Effective January 1, 2006 2005, the City will provide the following medical indemnity plan benefit level through December 31, 2006 2005, subject to additional changes approved in this Addendum and changes under Section C. The following changes to the medical indemnity plan have been approved:
(a) Employee Contributions Effective January 1, 2006 2005, Employees enrolled in the Comprehensive Healthcare Plan (Medical Indemnity Plan) shall contribute a rate equivalent to 20% 17.5% of the projected premium equivalent rates as calculated for the period ending November 30, 2003 (as reflected in the ▇▇▇▇▇▇ report dated December 19, 2003, for plan year 2006 2005 only. Premium equivalent rates for future years shall be established by the August immediately preceding the next plan year. Employees shall be notified of the projected premium equivalent rates and the required premium contribution prior to the annual open-enrollment period. The monthly contribution for plan year 2006 2005 shall be based on the following tiers and shall be divided equally and withheld during the first two pay periods of each month as follows. Employee Only: $ 94.80 76.47 Employee plus spouse: $179.32 145.09 Employee plus child: $132.84 107.35 Employee plus children: $170.86 138.23 Employee plus spouse, plus children: $242.70 196.56 (b) Deductibles Individual deductibles will be $300 for non-network and $200 for network providers. Family Deductible will be $900 for non-network and $400 for network providers.
Indemnity Plan. A indemnity plan is hereby established for every employee to which this by-law applies and, subject to the control of Council, the conduct and of such shall be vested i n the Director
Indemnity Plan. The Employer will contribute to UNITE HERE, Local Health and Welfare Trust the following amount for each hour paid on behalf of each bargaining unit employee who has completed probationary period: (Health and Welfare increases will be from the start of the pay period closest to the set out below) Effective date of receipt of written notice of ratification 2006: per hour. February per hour August per hour February per hour August per hour February per hour hour It is understood that hours “paid” includes holidays, vacations, parental leave, disability and sickness (non-work related), and adjustments to pay cheques. In addition, the Employer will continue to make contributions on behalf of an employee for the first month of an authorized leave of absence. For greater clarity, the Employer is responsible for any provincial or federal sales tax imposed on such contributions, and any such taxes are in addition to the above contribution rates. All Health and Welfare payments shall be calculated from the first of each month to the last day of each month, and shall be remitted and received by the trust of the Health and Welfare Plan of Local prior to the fifteenth day of the following month. The Employer will be responsible for loss of benefits to any employee because of any Employer’s default action in payments.
Indemnity Plan. The Employer will contribute to Union Local Health and Welfare Trust the following amount for each hour paid on behalf of each bargaining unit employee who has completed probation- ary period: Effective date ofreceipt of written notice of ratification (December 1999): per hour July per hour July per hour It is understood that hours “paid” includes holidays, vacations, parental leave, disability and sickness work related), and adjustments to pay cheques. In addition, the Employer will continue to make contributions on behalf of an employee for the first month of an authorized leave of absence. For greater clarity, the Employer is responsible for any provincial or federal sales tax imposed on such contributions, and any such taxes are in addition to the above contribution rates. All Health and Welfare payments shall be calculated from the first day (1st) of each month to the last day of each month, and shall be remitted and received by the trust of the Health and Welfare Plan of Local prior to the fifteenth (15th) day of the fol- lowing month. The Employer will be responsible for loss of benefits to any employee because of any Employer’s default action in payments.
Indemnity Plan. The employer will contribute to Union Local Health and Welfare Trust the following amount for each hour paid on behalf of each bargaining unit employee who has completed her probationary period: August cents per hour February cents per hour February cents per hour February cents per hour It is understood that hours “paid“ includes holidays, vacations, parental leave, disability and sickness (both work and non-work related), and adjustments to pay cheques. In addition the employer will continue to make contributions on behalf of an employee for the first month of an authorized leave of absence. For greater certainty, the employer is responsible for any provincial or federal sales tax imposed on such contributions, and any such taxes are in addition to the above contribution rates. All Health and Welfare payments shall be calculated from the first day (1st) of each month to the last day of each month, and shall be remitted and received by the trust of the Health and Welfare Plan of prior to the fifteenth (15th) day of the following month. The Employer will be responsible for loss of benefits to any employee because of any Employer’s default action in payments. The Health Wealth Plan Trustees will ensure that they act responsibly and prudently at all times. REVIEW OF THE EMPLOYER’S
Indemnity Plan. The Employer shall, for the term of this Agreement, continue the Indemnity Plan 3 and 6 for those employees who qualify under paragraphs 2 and 3 of Section C above. The Employer’s contribution to said Indemnity Plan shall not exceed the cost to the Employer of the current Kaiser contributions. The difference in premiums shall be deducted from employees’ paychecks and forwarded to the Trust as provided in paragraph 6 of Section C above.
Indemnity Plan. The benefits in the Indemnity Plan shall not be less than those in effect on January 1, 2003, except as modified herein. See Appendix H and the Medical and Dental Benefits booklet for a detailed plan summary.