Insurance, Pooling and Other Benefits Sample Clauses

Insurance, Pooling and Other Benefits. (A) For the duration of this collective bargaining agreement, the district shall provide an insurance contribution to each employee, prorated by each employee’s FTE, that is equal to the full amount funded in the State budget provided that, if the retiree insurance carve out (HCA) is more than $125.00 per month per 1.0 FTE, then the employee shall pay the excess. If for any given year, the retiree insurance carve out (HCA) is less than stated above, then any excess up to the stated amount will be applied to the pooling for out of pocket insurance expenses under sub-section 2 below. The amount shall be allocated as follows:
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Insurance, Pooling and Other Benefits. The District is required to provide Medical Insurance coverage to employees through Washington State Health Care Authority (HCA), SEBB starting January 1, 2020. District and employees will comply with the SEBB requirements as set out in state law and HCA rules and regulations, these include but are not limited to the following: a. Eligible employees for medical coverage is defined by HCA b. Plans offerings, premium rates and employee contributions are all determined by HCA c. District payments for employee contribution are determined by HCA *All employees are required by the insurer to belong to the Dental and Vision plan. Each certificated employee shall receive the amount allotted him/her by the State to cover the cost of his/her family medical, dental including orthodontia and vision and minus the Health Care Retiree contribution. The monies not fully utilized will be placed in a surplus pool allocated equally among those employees who have further needs, in proportion to the allotment. This process of pooling surplus funds and allocation them among those with remaining needs would continue until all funds were depleted. After all employees have full coverage of his/her family medical, dental including orthodontia and vision and if there is money left in the pool, the remaining monies will be allocated to the employees on a proportionate basis. These remaining monies can be used for increased life insurance, cancer insurance, salary insurance or hospital insurance. Deductions from employees’ salaries for insurance coverage can be made on a pre-tax basis through a Section 125 plan. The plan must be established and administered in compliance with both Federal and State laws. The district will offer a sick leave cash-out program with the purpose of placing funds in an account for future payment of post-retirement health expenses. The District shall notify employees of the plan provisions, and process the required enrollment and cash-out election forms and administer the program in compliance with both Federal and State laws.
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Insurance, Pooling and Other Benefits. ‌ A. Application and Intent The provisions of Article V, Section 2 shall be interpreted consistent with the rules and regulations of SEBB. B. School Employees Benefit Board (SEBB)
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Insurance, Pooling and Other Benefits. A. The District shall "pool" insurance premium dollars for the employees within the bargaining unit for the payment of employee monthly premium costs. B. The annual insurance premium pool shall be calculated no later than October 15 and will be calculated as follows: Total Bargaining unit FTE as of October 15 X Legislatively Funded Premium Amount = Total Bargaining Unit Insurance Premium Pool Employees hired after the annual pooling will receive the same benefit of the pooling calculation given to all employees. C. All employees who have selected the Group Health Plan must have changes into the payroll office no later than September 20, for the 2013-14 school year for the October 1 enrollment period. Dates for subsequent school years will be determined based on the timelines established by Group Health. Group Health allows hard copy enrollment/change forms to be submitted through the District’s payroll office for the 2013-14 school year. All members who have selected WEA Select (Premera) must have any changes submitted by September 30 on the “Your Benefit Resource” (YBR) website, or by calling the AON-Xxxxxx Benefit Center, subject to any procedural changes as required by WEA. Therefore, pooling allocations can occur in October for an effective date of November 1. Exceptions include changes in insurance coverage due to marriage, divorce, birth of child, loss of other coverage or death in the employee's family. D. The dollar difference between the amount available per employee each month after application of the pool and the actual cost of insurance premiums each month will be deducted from employee paychecks as appropriate. E. The District will contribute to the insurance premium pool the dollar amount per FTE per month for the HCA requirement to fund the Retired School Employee’s subsidiary account. The first deduction from the insurance premium pool will be the dollar amount per FTE per month for payment into the HCA Retired School Employees subsidiary account. The premium cost of dental insurance, vision insurance, and life insurance shall then be deducted from the insurance pool. Employees may then choose medical insurance. F. District-paid insurance premium costs for the approved medical,dental and vision plans will be applied on a pro rata basis for less than full-time equivalent employees (1.000 FTE). Beginning in the 2009-10 school year, in order to be eligible for insurance, the employee must be contracted for a minimum of a .5 FTE per year. G. Th...
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Insurance, Pooling and Other Benefits. 2.1 The school District shall provide the maximum insurance contribution allowable by law, per month per FTE, on a pooled basis. 2.2 Employees less than 1.0 FTE shall receive a pro rata share, based on their percentage of FTE, of the maximum contribution. 2.3 The monthly premium will be used to provide the programs listed below: 1. Premera Education Program - Premera Blue Cross Medical Plans 2, 3, 5, Easy Choice A, Easy Choice B, Basic Plans, and QHDH Plan. 2. WEA Select Dental Plan plus Orthodontia Plan
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Insurance, Pooling and Other Benefits. The District shall pay the full portion of the employer contribution as set by the School Employees Benefit Board for all employees who meet the eligibility requirements. For purposes of benefits provided under SEBB, the school year shall mean September through August, and shall also be referred to as the eligibility year. The District will pay the employee rates as established by the School Employees Benefit Board to the Health Care Authority (HCA) through payroll deduction for the month in which the employee receives benefits. The District shall provide the following insurance benefits through SEBB for each eligible employee and their eligible dependents to include but not be limited to: Mandatory Benefits: • Basic Life and accidental death and dismemberment insurance (AD&D) • Basic Long-term Disability • Vision • Dental including orthodontia Optional Benefits: • Medical Plan • Employees are eligible to participate in the Medical Flexible Spending Arrangement (FSA) and Dependent Care Assistance Program (DCAP) offered by the employer. Employees will also have the option of enrolling in a Health Savings Account (HSA) when a qualifying High Deductible Health Plan (HDHP) is selected for their medical insurance. In addition, employees will be able to utilize payroll deduction for any supplemental insurance that they choose to enroll in through SEBB (e.g. increased Life, AD&D, Long- term disability, etc.).
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Insurance, Pooling and Other Benefits. 1. The district will provide the maximum insurance contribution allowable by law per month per FTE on a pooled basis. The district will provide ten dollars ($10) per teacher per month additional insurance contribution. 2. Employees less than 1.0 FTE receive a pro rata share, based on their FTE percentage, of the maximum contribution. 3. Any unused benefit dollars will be accumulated in a pool which shall be used on a monthly basis to reduce or eliminate payroll deductions for certificated staff (as per RCW) for approved plans. 4. After pooled dollars have been used to fully fund benefits outlined above, if there are dollars remaining in the pool these dollars will be divided equally over all full-time employees in the group (pro rata for part-time employees). These excess dollars may be used to purchase voluntary plans. 5. Monthly HCA payments for employees will be paid by the district.
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Insurance, Pooling and Other Benefits. 4.1 District Contributions to Insurance The monthly insurance contribution will be increased to the State-provided amount. Beyond the state provided monthly insurance allocation, the District will provide an additional monthly allocation equal to the current year’s carve-out amount for each full FTE, provided that amount does not increase more than 10% over the previous year’s amount. Employees less than 1.0 FTE will receive a pro rata share, based on their percentage of FTE, of the maximum contribution. The monthly contribution from the District may be used to provide basic benefit coverage and optional benefits as per RCW 28A.400.270 and RCW 28A.400.280 and as determined by the Association.
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Insurance, Pooling and Other Benefits. A. Application and Intent The provisions of Article V, Section 2 shall be interpreted consistent with the rules and regulations of SEBB. B. School Employees Benefit Board (SEBB) Program Coverage and Benefits 1. Effective January 1, 2020, the District implemented the State’s mandatory insurance program administered by the Washington Health Care Authority through the School Employees Benefits Board (SEBB). The District shall pay the full portion of the employer contribution as adopted in the School Employees Health Care Coalition agreement for all employees who meet the HCA’s eligibility requirements. 2. For purposes of benefits coverage provided under the SEBB: a. School year shall mean September through August, which shall be the eligibility year. b. The insurance plan year is January 1 through December 31. 3. Payroll deductions for eligible employee premiums to be paid to the Health Care Authority (HCA) shall be made in the month in which the benefit is received. 4. The District will provide employees with those benefits offered through SEBB, which currently include: a. Basic Life and Accidental Death and Dismemberment insurance (AD&D) b. Basic Long-Term Disability insurance c. Vision insurance d. Dental insurance including Orthodontia e. Medical Plan insurance 5. Employees are eligible to participate in the Medical Flexible Spending Arrangement (FSA) and Dependent Care Assistance Program (DCAP) offered by SEBB. 6. Employees may enroll in a Health Savings Account (HSA) when they select a qualifying High Deductible Health Plan (HDHP) for their medical insurance. 7. Employees may utilize payroll deduction for any supplemental insurance approved by SEBB for payroll deduction.
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Related to Insurance, Pooling and Other Benefits

  • Insurance and Other Benefits During the Employment Period, the Executive and the Executive’s dependents shall be entitled to participate in the Company’s insurance programs and any ERISA benefit plans, as the same may be adopted and/or amended from time to time (the “Benefits”). The Executive shall be entitled to paid personal days on a basis consistent with the Company’s other senior executives, as determined by the Board. The Executive shall be bound by all of the policies and procedures established by the Company from time to time. However, in case any of those policies conflict with the terms of this Agreement, the terms of this Agreement shall control.

  • Vacation and Other Benefits Each Contract Year, Executive shall be entitled to four (4) weeks of paid vacation in accordance with Employer’s applicable policies and procedures for executive-level employees. Executive shall also be eligible to participate in and receive the fringe benefits generally made available to other executive-level employees of Employer in accordance with and to the extent that Executive is eligible under the general provisions of Employer’s fringe benefit plans or programs; provided, however, that Executive understands that these benefits may be increased, changed, eliminated or added from time to time during the Term as determined in Employer’s sole and absolute discretion.

  • Compensation and Other Benefits Subject to the provisions of this Agreement, the Company shall pay and provide the following compensation and other benefits to the Executive during the Term as compensation for services rendered hereunder:

  • Expense Reimbursement and Other Benefits (a) During the term of Executive’s employment hereunder, pursuant to Applica’s Travel and Expense Policy and upon the submission of proper substantiation by the Executive, including copies of all relevant invoices, receipts or other evidence reasonably requested by Applica, Applica shall reimburse the Executive for all reasonable expenses actually paid or incurred by the Executive in the course of and pursuant to the business of Applica or any Affiliates. (b) Executive shall participate in Applica’s Group Health and Hospitalization Plan, Group Life Insurance Plan, Group Disability Insurance Plan and all other insurances, or insurance plans (collectively, the “Welfare Benefits”), and executive benefits and bonuses covering Applica’s executive officers as are now or may in the future be in effect, subject to applicable eligibility requirements. Additionally, Applica shall provide the Executive with life insurance in an amount equal to five times his Base Salary. During the Term, Applica shall pay for (i) the Executive’s annual dues in a country club and (ii) tax preparation and financial planning for the Executive on an annual basis up to a maximum of 1% of his base salary. (c) During the Term, Applica shall provide Executive with a monthly automobile allowance of $975. (d) During the Term, the Executive will be entitled to four weeks’ paid vacation for each year. The Executive will also be entitled to the paid holidays and other paid leave set forth in Applica’s policies. Vacation days and holidays during any fiscal year that are not used by the Executive during such Fiscal Year may not be carried over and used in any subsequent Fiscal Year.

  • Servicing and Other Compensation The Servicer, as compensation for its activities hereunder, shall be entitled to receive, on or prior to each Distribution Date, the amounts provided for as the Servicing Fee and as reimbursement for Nonrecoverable Advances, Servicing Advances and reimbursement for Advances, all as specified by Section 5.09. The amount of compensation or reimbursement provided for shall be accounted for on a Mortgage Loan-by-Mortgage Loan basis. Additional servicing compensation in the form of assumption fees, prepayment fees and late payment charges shall be retained by the Servicer, to the extent permitted by applicable law. The Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder (including the fees and expenses of the Trustee and any Sub-Servicer) and shall not be entitled to reimbursement therefor except as specifically provided in Sections 5.09 and 5.21.

  • Servicing and Other Compensation; Compensating Interest (a) The Master Servicer, as compensation for its activities hereunder, shall be entitled to receive on each Distribution Date the amounts provided for by clauses (iii), (iv), (v) and (vi) of Section 3.10(a), subject to clause (e) below. The amount of servicing compensation provided for in such clauses shall be accounted for on a Mortgage Loan-by-Mortgage Loan basis. In the event that Liquidation Proceeds, Insurance Proceeds and REO Proceeds (net of amounts reimbursable therefrom pursuant to Section 3.10(a)(ii)) in respect of a Cash Liquidation or REO Disposition exceed the unpaid principal balance of such Mortgage Loan plus unpaid interest accrued thereon (including REO Imputed Interest) at a per annum rate equal to the related Net Mortgage Rate (or the Modified Net Mortgage Rate in the case of a Modified Mortgage Loan), the Master Servicer shall be entitled to retain therefrom and to pay to itself and/or the related Subservicer, any Foreclosure Profits and any Servicing Fee or Subservicing Fee considered to be accrued but unpaid. (b) Additional servicing compensation in the form of prepayment charges, assumption fees, late payment charges, investment income on amounts in the Custodial Account or the Certificate Account or otherwise shall be retained by the Master Servicer or the Subservicer to the extent provided herein, subject to clause (e) below. (c) The Master Servicer shall be required to pay, or cause to be paid, all expenses incurred by it in connection with its servicing activities hereunder (including payment of premiums for the Primary Insurance Policies, if any, to the extent such premiums are not required to be paid by the related Mortgagors, and the fees and expenses of the Trustee and any Custodian) and shall not be entitled to reimbursement therefor except as specifically provided in Sections 3.10 and 3.14. (d) The Master Servicer's right to receive servicing compensation may not be transferred in whole or in part except in connection with the transfer of all of its responsibilities and obligations of the Master Servicer under this Agreement. (e) Notwithstanding any other provision herein, the amount of servicing compensation that the Master Servicer shall be entitled to receive for its activities hereunder for the period ending on each Distribution Date shall be reduced (but not below zero) by an amount equal to Compensating Interest (if any) for such Distribution Date. Such reduction shall be applied during such period as follows: first, to any Servicing Fee or Subservicing Fee to which the Master Servicer is entitled pursuant to Section 3.10(a)(iii) and second, to any income or gain realized from any investment of funds held in the Custodial Account or the Certificate Account to which the Master Servicer is entitled pursuant to Sections 3.07(c) or 4.01(b), respectively. In making such reduction, the Master Servicer (i) will not withdraw from the Custodial Account any such amount representing all or a portion of the Servicing Fee to which it is entitled pursuant to Section 3.10(a)(iii) and (ii) will not withdraw from the Custodial Account or Certificate Account any such amount to which it is entitled pursuant to Section 3.07(c) or 4.01(b).

  • Executive Perquisites, Benefits and Other Compensation Executive shall be entitled to receive additional benefits and compensation from the Company in such form and to such extent as specified below: (i) Payment of all premiums for coverage for Executive and his dependent family members under health, hospitalization, disability, dental, life and other insurance plans that the Company may have in effect from time to time, benefits provided to Executive under this clause (i) to be at least equal to such benefits provided to Metals executives. (ii) Reimbursement for all business travel and other out-of-pocket expenses reasonably incurred by Executive in the performance of his services pursuant to this Agreement. All reimbursable expenses shall be appropriately documented in reasonable detail by Executive upon submission of any request for reimbursement, and in a format and manner consistent with the Company's expense reporting policy. (iii) The Company shall provide Executive with other executive perquisites as may be available to or deemed appropriate for Executive by the Board and participation in all other Company-wide employee benefits as are available from time to time.

  • Vacation and Other Leave During the Period of Employment, the Executive shall accrue and be entitled to take paid vacation in accordance with the Company’s vacation policies in effect from time to time, including the Company’s policies regarding vacation accruals; provided that the Executive’s rate of vacation accrual during the Period of Employment shall be no less than three (3) weeks per year. The Executive shall also be entitled to all other holiday and leave pay generally available to other executives of the Company.

  • Parental leave and other entitlements An employee may in lieu of or in conjunction with parental leave, access any annual leave or long service leave entitlements which they have accrued subject to the total amount of leave not exceeding 52 weeks.

  • Payment of Taxes, Insurance and Other Charges With respect to each Mortgage Loan, the Master Servicer shall maintain accurate records reflecting the status of ground rents, taxes, assessments, water rates and other charges which are or may become a lien upon the Mortgaged Property and the status of fire and hazard insurance coverage and, as to those Mortgage Loans subject to a voluntary escrow agreement, shall obtain, from time to time, all bills for the payment of such charges (including renewal premiums) and shall effect payment thereof prior to the applicable penalty or termination date and at a time appropriate for securing maximum discounts allowable, employing for such purpose deposits of the Mortgagor in the Escrow Account which shall have been estimated and accumulated by the Master Servicer in amounts sufficient for such purposes, as allowed under the terms of the Mortgage or Applicable Regulations. The Master Servicer assumes full responsibility for the timely payment of all such bills and shall effect timely payments of all such bills irrespective of the Mortgagor's faithful performance in the payment of same or the making of the Escrow Payments and shall make Servicing Advances from its own funds to effect such payments. To the extent that the Mortgage does not provide for Escrow Payments, the Master Servicer shall use reasonable efforts consistent with the Servicing Standard to determine that any such payments are made by the Mortgagor at the time they first become due and shall ensure that the Mortgaged Property is not lost to a tax lien as a result of nonpayment and that such Mortgaged Property is not left uninsured.

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