Individual Contribution Sample Clauses

Individual Contribution. The Board agrees to continue to treat a unit member’s own individual SERS contribution (as opposed to the Board’s own SERS contribution on the employee’s behalf) as a mandatory salary reduction from the contract salary otherwise payable to such unit member.
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Individual Contribution. Effective with this contract 2014-2017, active members of the bargaining unit will contribute as follows to the cost of health insurance: Year Family Plan Individual Plan 2014-2015 9% of annual premium cost 11% of annual premium cost 2015-2016 10% of annual premium cost 12% of annual premium cost 2016-2017 11% of annual premium cost 13% of annual premium cost For purposes of determining the annual premium cost, the monthly premium in effect as of July of the contract year will be multiplied by 12. In addition, changes to the Blue Cross/Blue Shield Plan will be as follows: Effective year 2005-2006 Prescription Drug Co-pay will be $0 for mail order, $10 for generic and $20 for name brand. Deductible under the current plan will be $200 for individual and $400 for family. Dual family coverage will be eliminated effective upon ratification and agreement of the 2000-2003 contract under the following provisions:

Related to Individual Contribution

  • Annual Contributions □ Check enclosed in the amount of $ representing current contribution for tax year 20 . This contribution does not exceed the maximum permitted amount for the year of contribution as described in the Xxxx XXX Disclosure Statement. If no tax year is indicated, contribution will automatically apply to current year.

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Initial Capital Contribution The initial Capital Contribution of the Original Member as of the date of this Agreement will be $ .

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Initial Capital Contributions (a) The Partners have made, on or prior to the date hereof, Capital Contributions and, in exchange, the Partnership has issued to the Partners the number of Class A Units as specified in the books and records of the Partnership.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

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