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: 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

  • Mutual Contribution The parties to this Agreement and their counsel have mutually contributed to its drafting. Consequently, no provision of this Agreement shall be construed against any party on the ground that a party drafted the provision or caused it to be drafted.

  • 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. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

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

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. 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.

  • 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 $ .

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04. PART I. [OPTIONS (a) THROUGH (d)].

  • 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.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

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