Insurance Program Incentives Sample Clauses

Insurance Program Incentives. For Employees (members of the bargaining unit) who enroll in his/her own Xxxxxx Health Plan (BHP) Medical Plan effective 1/1/2020 and remain in BHP Medical Plan for entire calendar years 2020 and/or 2021: Insurance program incentives apply to employees even if they are not enrolled in the Board Health Insurance Plan prior to the effective date of this AGREEMENT. For any employee hired on or before December 31, 2019: a. $1500 stipend per employee per year for transition to the medical plan during the entire calendar years 2020 and/or 2021. b. Stipend will be paid in equal semi-annual amounts on or before the second pay in February and August of calendar years 2020 and/or 2021. For any employee affected by spousal carve out: a. $1500 stipend per employee per year to offset spousal carve out of the medical plan during the entire calendar years 2020 and/or 2021. b. Stipend will be paid in equal semi-annual amounts on or before the second pay in February and August of calendar years 2020 and/or 2021. To offset additional medical insurance out-of-pocket expenses: a. $750 stipend per employee per year for the entire calendar years 2020 and/or 2021 b. Stipend will be paid on or before the second pay in February of calendar years 2020 and/or 2021. For any employee enrolled in an HDHP/Health Savings Account (HSA): a. The Board will contribute $750 for a single plan and $1500 for a family plan per employee per year. b. The Board contribution will be placed into the employee’s HSA on the first bank business day in January, beginning January 2020. An employee may choose to have the stipends enumerated in b., c., and d. of 8.07 A. paid, in part or in whole, into an IRS Section 125 Plan in accordance with applicable law. For any employee who does not enroll in his/her own BHP Medical Insurance plan: The Board will pay a stipend of $500.00 for each full six (6) month period (January through June and July through December beginning January 1, 2020) Beginning in July 2020, the stipend(s) will be paid on or before the second pay of July and second pay of January. Members of the bargaining unit who did not have a BHP Medical Plan who experience a qualifying life event and take their own BHP Medical Plan during calendar years 2020 and/or 2021 and for any new employees hired after January 1 and who take their own BHP Medical Plan in calendar years 2020 and/or 2021 will be paid a prorated portion of the following annual amounts based on their month of hire or enrollment: the $15...
Sample 1
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Insurance Program Incentives. A. For any employee enrolled in an HDHP/Health Savings Account (HSA): 1. The Board will contribute $750 for a single plan and $1500 for a family plan per employee per year. 2. The Board contribution will be placed into the employee’s HSA on the first bank business day in January, beginning January 2020. For any employee who does not enroll in his/her own BHP Medical Insurance plan: The Board will pay a stipend of $500.00 for each full six (6) month period (January through June and July through December beginning January 1, 2020) Beginning in July 2020, the stipend(s) will be paid on or before the second pay of July and second pay of January. Members of the bargaining unit who did not have a BHP Medical Plan who experience a qualifying life event and take their own BHP Medical Plan during calendar years 2020 and/or 2021 and for any new employees hired after January 1 and who take their own BHP Medical Plan in calendar years 2020 and/or 2021 will be paid a prorated portion of the following annual amounts based on their month of hire or enrollment: the $1500 spousal carve out stipend, if applicable, the $750 offset stipend, If eligible for a prorated amount, payment(s) will be no later than sixty (60) days following enrollment in BHP Medical Plan (for example, if an employee is hired or enrolled in July, he/she is paid 50% of the above-listed stipends). Members of the bargaining unit who did not have a BHP Medical Plan who experience a qualifying life event and take their own BHP High Deductible Healthcare Plan (HDHP) and for any new employees hired after January 1 who take their own BHP HDHP will be paid a prorated portion of the following annual amount based on their month of hire or enrollment: the HSA contribution, as specified above, if applicable payment will be no later than sixty (60) days following enrollment in BHP Medical Plan Members of the bargaining unit who did not have a BHP Medical Plan who experience a qualifying life event and take their own BHP Medical Plan and for any new employees hired after January 1 who do not take their own BHP Medical Plan will be paid a prorated portion of the following semi-annual amount based on his/her month of hire or enrollment (For example, if an employee is hired or enrolled in July, he/she is paid 50% of the above-listed stipends.): The Board will pay a prorated portion of $500.00 for each full six (6) month period (January through June and July through December beginning January 1, 2020) Beginning in July ...
Sample 1

Related to Insurance Program Incentives

  • Insurance Programs 35.1 Fringe Benefits a. The Board agrees to provide the: Individual core plan premium on behalf of each regular full time employee Part-time regular employees may receive pro-rated insurance benefits if eligible by the carrier. b. When an employee and legally recognized spouse are both employed by the district and are eligible for the school district group plan, the district shall, at the employees' option, combine the district's insurance contribution toward the family plan.

  • Insurance Program An eligible employee may waive rights to participate in either single or family coverage. If an employee waives this benefit, such employee may not revoke the waiver until the next open enrollment period and may be accepted only after medical review by the insurance provider.

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Employee Assistance Program (EAP) Section 1. The Employer agrees to provide to the Union the statistical and program evaluation information provided to management concerning Employee Assistance Program(s). Section 2. No information gathered by an Employee Assistance Program may be used to discipline an employee. Section 3. Employees shall be entitled to use accrued sick leave for participation in an Employee Assistance Program. Section 4. Each university will offer training to local Union Stewards on the Employee Assistance Program available in their university, on university time, where an Employee Assistance Program is available.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Educational Incentive For those employees receiving educational incentive payment at the time of layoff, upon re-employment, such employees shall be eligible to receive educational incentive.

  • Attendance Incentive Program In January of the year following any year in which a minimum of sixty (60) days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous year at a rate equal to one (1) day of monetary compensation of the employee for each four (4) full days of accrued leave for illness or injury in excess of sixty (60) days. Leave for illness or injury for which compensation has been received shall be deducted from accrued leave for illness or injury at the rate of four (4) days for every one (1) day of monetary compensation; provided, however, no employee shall receive compensation under this section for any portion of leave for illness or injury accumulated at a rate in excess of one (1) day per month. At the time of separation from school district employment due to retirement or death an eligible employee or the employee's estate shall receive remuneration at a rate equal to one (1) day of current monetary compensation of the employee for each four (4) full days accrued leave for illness or injury. The provisions of this section shall be administered in accordance with state law and applicable state rules and regulations. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as matter of contractual right.

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

  • Long-Term Incentives The Company shall provide the Executive the opportunity to earn long-term incentive awards under the current equity and cash based plans and programs or replacements therefor at a level commensurate with the current aggregate opportunity being provided to the Executive.

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