Insurance and Severance Pay Sample Clauses

Insurance and Severance Pay. Section 1 The Board will provide full family hospitalization and medical insurance coverage for all eligible employees and qualified dependents. Full family coverage shall mean the cost of Priority Health PPO, as outlined in attached plan summary, or equivalent, a twenty-five ($25) dollar ER co-pay. The Board will also provide a prescription program with a five ($5) dollar generic co-pay and a twenty ($20) xxxxxx xxxxx name co-pay, with contraceptive coverage and a ninety (90) day supply available at the cost of a thirty (30) day co-pay for mail order and or retail Rx fills. An employee selecting full hospitalization and medical coverage will pay: 2008-2009 $20.00 2009-2010 $20.00 plus any increase in 2 person medical rate over 10% with a minimum monthly payment of $30.00, not to exceed a maximum total payment of $40.00 per month for these insurance benefits. This payment will be paid through the District’s pre-tax section 125 plan.
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Insurance and Severance Pay. A. The Board shall provide all insurance benefits listed in Section A for a full twelve- month period of each school year for all AFSCME Members in the bargaining unit, except for those AFSCME Members electing benefits under Section B below. Such benefits shall be provided to each AFSCME Member and his/her dependents, as defined by MESSA. The District shall pay the annual Hard Cap maximum amounts towards the total cost of the MESSA medical premium and Health Equity (HEQ) Health Savings Account (HSA) funding described below for each plan year: These annual District paid amounts shall adjust annually beginning on January 1, to the maximum payment permitted by Section 3 of the Publicly Funded Health Insurance Contribution Act. Members will have the option to select medical/prescription coverage from one of the following options:
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Insurance and Severance Pay. A. The Board shall provide all insurance benefits listed in Section A for a full twelve- month period of each school year for all staff members in the bargaining unit, except for those electing benefits under Section B below. Such benefits shall be provided to each staff member and their dependents, as defined by MESSA. The District shall pay the annual Hard Cap maximum amounts towards the total cost of the MESSA medical premium and Health Equity (HEQ) Health Savings Account (HSA) funding described below for each plan year: These annual District paid amounts shall adjust annually beginning on January 1, to the maximum payment permitted by Section 3 of the Publicly Funded Health Insurance Contribution Act. Staff members will have the option to select medical/prescription coverage from one of the following options:
Sample 1
Insurance and Severance Pay. Section 1 The Board will provide full family hospitalization and medical insurance coverage for all eligible employees and qualified dependents. Full family coverage shall mean the cost of Blue Cross Community Blue One (1) or equivalent, with an XVA rider (excluding voluntary abortions), a twenty-five ($25) dollar ER co-pay instead of fifty ($50) dollars, either at the point of service or reimbursed to the twenty- five ($25) dollar level if employee is required to pay fifty ($50) dollars, and a twenty percent (20%) mental health employee coinsurance instead of fifty percent (50%), either at the point of service or reimbursed to the twenty percent (20%) level if the employee is required to pay fifty percent (50%). The Board will also provide a prescription program with a five ($5) dollar generic co-pay and a twenty ($20) xxxxxx xxxxx name co-pay, with contraceptive coverage and a ninety (90) day supply available at the cost of a thirty (30) day co-pay for mail order and or retail Rx fills. Number of staff members participating Monthly cash in lieu of will be… 5 (1 beyond current participation level ) $200 6 ( 2 beyond current participation level ) $300 7 or more $400
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Related to Insurance and Severance Pay

  • Termination and Severance Pay Employees who terminate their employment with the City for any reason shall have their termination pay computed in the following manner.

  • Severance Payment Executive will be paid continuing payments of severance pay at a rate equal to Executive’s base salary rate, as then in effect, for twelve (12) months from the date of such termination of employment, to be paid periodically in accordance with the Company’s normal payroll policies.

  • Severance Payments 6.1 If the Executive's employment is terminated following a Change in Control and during the Term, other than (A) by the Company for Cause, (B) by reason of death or Disability, or (C) by the Executive without Good Reason, then the Company shall pay the Executive the amounts, and provide the Executive the benefits, described in this Section 6.1 ("Severance Payments") and Section 6.2, in addition to any payments and benefits to which the Executive is entitled under Section 5 hereof; provided, however, that the Executive shall not be entitled to the Severance Payments unless and until the Executive (or, in the event of the Executive's death, the executor, personal representative or administrator of the Executive's estate) has signed a written waiver and release substantially in the form set forth on Exhibit A hereto. For purposes of this Agreement, the Executive's employment shall be deemed to have been terminated following a Change in Control by the Company without Cause or by the Executive with Good Reason, if (i) during the Term the Executive's employment is terminated by the Company without Cause following a Potential Change in Control but prior to a Change in Control (whether or not a Change in Control ever occurs) and such termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, (ii) during the Term the Executive terminates his employment for Good Reason following a Potential Change in Control but prior to a Change in Control (whether or not a Change in Control ever occurs) and the circumstance or event which constitutes Good Reason occurs at the request or direction of such Person or (iii) during the Term the Executive's employment is terminated by the Company without Cause or by the Executive for Good Reason and such termination or the circumstance or event which constitutes Good Reason is otherwise in connection with or in anticipation of a Change in Control (whether or not a Change in Control ever occurs). An Executive will not be considered to have been terminated by reason of the divestiture of a facility, sale or other disposition of a business or business unit, or the outsourcing of a business activity with which the Executive is affiliated, notwithstanding the fact that such divestiture, sale or outsourcing takes place within two years following a Change in Control, if the Executive is offered comparable employment by the successor company and such successor company agrees to assume the Company's obligations to the Executive under this Agreement.

  • RETIREMENT SEVERANCE PAY Any employee who works regularly each week on a permanent part-time basis or on a full-time basis and who has ten or more years of service with the Shaker Heights Board of Education, may elect at the time of his/her retirement from active service (retirement from active service shall mean actual retirement under one of Ohio’s public employee retirement systems or eligibility for retirement under such retirement systems with retirement from the Shaker schools and election to withdraw retirement funds in a lump sum payment) to receive severance pay in an amount equal to: One-fourth (1/4) of his/her unused accumulation at the per diem rate of said employee’s basic contract salary in effect at the time of the last day of employment in Shaker Heights. Supplemental contracts, extended service, overtime or any other compensation will not be included in the calculation.

  • Severance Pay 4.4.2(a) Severance pay - other than employees of a small employer An employee, other than an employee of a small employer, whose employment is terminated by reason of redundancy is entitled to the following amount of severance pay in respect of a period of continuous service: Period of continuous service Severance pay Less than 1 year Nil 1 year and less than 2 years 4 weeks’ pay* 2 years and less than 3 years 6 weeks’ pay 3 years and less than 4 years 7 weeks’ pay 4 years and less than 5 yeas 8 weeks’ pay 5 years and less than 6 years 10 weeks’ pay 6 years and less than 7 years 11 weeks’ pay 7 years and less than 8 years 13 weeks’ pay 8 years and less than 9 years 14 weeks’ pay 9 years and less than 10 years 16 weeks’ pay 10 years and over 12 weeks’ pay * Week’s pay is defined in 4.4.1.

  • ’ Compensation Insurance and Disability Benefits Requirements Sections 57 and 220 of the New York State Workers’ Compensation Law require the heads of all municipal and state entities to ensure that businesses applying for contracts have appropriate workers’ compensation and disability benefits insurance coverage. These requirements apply to both original contracts and renewals. Failure to provide proper proof of such coverage or a legal exemption will result in a rejection of any contract renewal. Proof of workers’ compensation and disability benefits coverage, or proof of exemption must be submitted to OGS at the time of policy renewal, contract renewal and upon request. Proof of compliance must be submitted on one of the following forms designated by the New York State Workers’ Compensation Board. An XXXXX form is not acceptable proof of New York State workers’ compensation or disability benefits insurance coverage. Proof of Compliance with Workers’ Compensation Coverage Requirements:

  • Retirement Severance (a) Upon qualification for benefits in accordance with the rules and regulations of the Michigan Public School Employees Retirement System the retiring bus driver shall be paid for all unused sick leave days at a rate that is 50% of the current rate based on the current bid route time. The retiree after 10 or more consecutive years of service will receive 75% of the above amount. Bus monitors who meet the MPSERS qualification shall be paid for all unused equivalent sick leave days at a rate of $15 per day. This will not apply to discharged employees.

  • Insurance Benefits Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable in connection with the Property, and Lender shall be reimbursed for any expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of a fire or other casualty affecting the Property or any part thereof) out of such Insurance Proceeds.

  • Severance Allowance A laid-off employee shall be entitled to severance allowance pursuant to Article 55.

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