Insurance Contribution Sample Clauses

Insurance Contribution. The Board of Education will contribute a maximum yearly amount towards the cost of individual employee coverage in a group health and term life insurance plan selected by the Board of Education defined as follows. a. For the 2022-2023 school year the Board will contribute up to an increase of 7% from the previous year to the individual group health insurance premium for employee only coverage and 100% of the cost of the group term life insurance plan premium for eligible employees. b. For the 2023-2024 school year the Board will contribute up to an increase of 7% from the previous year to the individual group health insurance premium for employee only coverage and 100% of the cost of the group term life insurance plan premium for eligible employees. c. For the 2024-2025 school year the Board will contribute up to an increase of 7% from the previous year to the individual group health insurance premium for employee only coverage and 100% of the cost of the group term life insurance plan premium for eligible employees. d. The Board of Education will also contribute a maximum yearly amount of $1,000 towards the cost of employee/family coverage, $500 towards employee/spouse coverage, and $400 towards employee/child(ren) coverage. Health and life insurance premium contribution is provided to part time teachers employed 20 hours or more weekly. e. The district’s contribution for a tenured certified teacher, whose employment was terminated as a result of a RIF or whose assignment was reduced to less than 20 hours per week, shall continue for three months past the last date of employment (RIF), or three months past the last employment date for which the individual was qualified to receive the district’s contribution (reduced hours).

Insurance Contribution. The Tenant shall pay as additional rent, within fourteen days of demand, an amount equal to the whole of the costs properly incurred by the Landlord in insuring under clause 5.2, including the cost of insurance valuations provided that such valuations are not undertaken more than once in any 24 month period.

Insurance Contribution. The County's maximum contribution to the Flexible Benefits Plan for vision coverage will be equal to the cost of the employee only monthly premium for all eligible permanent employees. D.

Insurance Contribution. To be eligible for the benefits of this section and insurance contribution, an employee must have been employed by the School District for the previous twelve (12) months and must have been employed for at least 1,250 hours during such previous twelve-month period.

Insurance Contribution. (Premium) – the amount payable by the Insured, size and payment procedure of which is defined by the Insurance Agreement and which represents the insurance service price/cost;

Insurance Contribution. 1. The District shall participate in a group health and accident insurance plan which covers the teacher and his/her family. In addition, the District shall provide each employee with a $15,000 one-year term life insurance policy and disability insurance. 2. One certificate of participation or policy shall be issued for each participating teacher using tiered rates as specified by the carrier. A participating teacher may combine his/her employer contribution with another participating teacher or participating employee to purchase one policy. All full-time teachers who are eligible to participate in the insurance plan selected in Section VI. B are required to participate, provided the carrier will cover said teacher(s). Part-time teachers may opt out of the insurance coverage. Teachers who do not participate in the insurance plan are not eligible for any benefit/District contribution provided in this Article. The District will contribute $745 per month for 2021-2023 for each full-time participating teacher for insurance benefits, including an IRS Section 125 Plan/Flexible Benefit Plan/Tax Sheltered Annuity. Any additional funds required over and above the School District contributions provided herein for insurance premiums or other benefits shall be deducted from the employee’s paycheck/the appropriate IRS Section 125 Plan/Flexible Benefit Plan/Tax Sheltered Annuity. 3. Participating part-time (less than full-time but half-time or more) teachers will receive a pro-rated percentage of District contributions, provided the carrier will cover said teacher(s). The pro-rated share shall be the same as that portion (half-time or more) of the school day the teacher is contracted to work. 4. The Association hereby agrees to indemnify and shall hold the District harmless against any and all claims, demands, suits or other forms of liability, alleging marital status discrimination, including court cost, plaintiff’s attorney fees, decisions, judgments, orders, interest, and/or penalties that shall arise out of the District’s compliance with this Article, provided that the defense of any such claims, suits, demands or other forms of liability shall be under the control of the Association and its attorneys. However, nothing in this section shall be interpreted to preclude the District from participating in any legal proceedings through representatives of its own choosing and at its own expense.

Insurance Contribution. XL Specialty Insurance Company (“XL”) will not seek contribution or reimbursement from the Directors or CLST for any funds expended or advanced by XL (or that XL is obligated to expend or advance) under the applicable policy of directors and officers liability insurance, including without limitation, in connection with the Actions or the Settlement.

Insurance Contribution. The members of the bargaining unit agree to contribute a percentage towards their health care plan coverage as follows: • 3% of medical care plan cost in 2009; • 3% of medical care plan costs in 2010; and • 3% of medical care plan costs in 2011. Payment will be divided each pay period equally. Policy is contingent on all employees of the Township of Lumberton contributing to medical plan costs.

Insurance Contribution. Landlord shall pay all premiums for the insurance required to be maintained by Landlord under Section 7.1 ("Landlord's Premiums"). Commencing on the Commencement Date, Tenant shall reimburse Landlord for Tenant's Share of Landlord's Premiums incurred with respect to the insurance to be maintained under Section 7.1.1 hereof and 100 of Landlord's Premiums incurred with respect to the insurance to be maintained under Section 7.1.2 hereof, within 30 days after receipt of a statement, in a form reasonably satisfactory to Tenant, consisting of (i) a copy of the premium bill indicat▇▇▇ the applicable policy and coverage, and (ii) a statement of Tenant's Share of such Landlord's Premium, and the manner in which Tenant's Share was calculated. Landlord's Premiums shall be limited to reasonable and competitive amounts actually paid by Landlord, and shall be pro rated for any partial calendar year within the Term based on the actual number of days elapsed. Tenant will not be responsible for any portion of Landlord's Premiums for which Landlord has not presented Tenant with a statement within one year after the applicable calendar year.