Negotiated Benefits Sample Clauses

Negotiated Benefits. In consideration for continued employment with the Company as set forth in this Agreement, the Executive agrees to execute an amendment of the Valley Independent Bank Amended and Restated Salary Continuation Agreement dated JULY 1, 2002, entered into by and between the Executive and Valley Independent Bank, in a form substantially similar to Exhibit C.
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs
Negotiated Benefits. A. The School District agrees to participate with the licensed-teaching staff in Section 125 of the IRS Tax Code as allowable by law. Also for those licensed -teaching employees who choose a full-family health, single with dependent or single insurance option within this plan, the district will make a $9,500.00 per year per contract contribution per FTE toward Section 125 Any remaining benefit balance will be paid out monthly as a cash option payment. B. The School District shall make appropriate payments to the Social Security and Teacher Retirement Funds, and carry liability for its employees. This shall be done in accordance with the North Dakota Century Code. C. Tax sheltered annuities shall be available to teachers requesting them.
Sample 1
Negotiated Benefits. A. The School District agrees to participate with the licensed-teaching staff in Section 125 of the IRS Tax Code as allowable by law. Also, for those licensed -teaching employees who choose a full-family health, single with dependent or single insurance option within this plan, the district will make a $9,900.00 (year one 19-20) $10,150.00 (year two 20-21)per year per contract contribution per FTE toward Section 125. Any remaining benefit balance will be paid out monthly as a cash option payment. B. The School District shall make appropriate payments to the Social Security and Teacher Retirement Funds and carry liability for its employees. This shall be done in accordance with the North Dakota Century Code. C. Tax sheltered annuities shall be available to teachers requesting them.
Sample 1
Negotiated Benefits. The Company shall make available for each eligible employee a negotiated benefit program pursuant to the termsand conditions of Appendix attached hereto and made a part hereof. The Company continue its policy of paying each employee who has completed their probationary period three (3) sick days per year. Effective January five (5) sick days per year. For employees who complete their probationary period, the Company agrees to pay one hundred percent of the premium cost of the Medical Plan for employee and dependent coverage. Dental Plan: The Company agrees to contribute to the Dental Plan on the following basis. Twenty-nine cents per hour for all regular hours paid on behalf of employees who have completed the probation period. Effective December thirty-three cents (336) per hour. Effective December cents per hour. Pension Plan: The Company agrees to contribute on behalf of employees who have completed their probationary period towards a compulsory pension plan to be determined by the Union in the following amount: Effective December twenty-nine cents for all straight time hours paid. Effective September forty-three cents Effective December forty-eight cents Effective December fifty-three cents Former Xxxxxxxx employees' pension contributions will remain unchanged at three cents per hour. Article MISCELLANEOUS
Sample 1
Negotiated Benefits. 13.01 The Company shall make available for each eligible employee a negotiated benefit program pursuant to the terms and conditions of Schedule B attached hereto and made a part hereof. 13.02 The Company shall continue with its policy of paying each employee who has completed their probationary period five (5) sick days per year. If an associate does not take any of their annual sick days, the Company agrees to pay out two (2) sick days at eight (8) hours each at the end of the calendar year on the regular payroll cycle, subject to regular deductions. 13.03 For employees who complete their probationary period, the Company agrees to pay one hundred percent (100%) of the premium cost of the B.C. Medical Plan for employee and dependent coverage.
Sample 1
Negotiated Benefits. 13.01 The Company shall make available for each eligible employee a negotiated benefit program pursuant to the terms and conditions of Schedule B attached hereto and made a part hereof. 13.02 The Company shall continue with its policy of paying each employee who has completed their probationary period five (5) sick days per year. If an associate does not take any of their annual sick days, the Company agrees to pay out two (2) sick days at eight
Sample 1
Negotiated Benefits. 13.01 The Company shall make available for each eligible employee a negotiated benefit program pursuant to the terms and conditions of Appendix “B” attached hereto and made a part hereof. 13.02 The Company shall continue with its policy of paying each employee who has completed their probationary period five (5) sick days per year. 13.03 For employees who complete their probationary period, the Company agrees to pay one hundred percent (100%) of the premium cost of the B.C. Medical Plan for employee and dependent coverage.
Sample 1
AutoNDA by SimpleDocs

Related to Negotiated Benefits

  • Covered Benefits Benefits for Bone Mass Measurement for the prevention, diagnosis, and treatment of osteoporosis are covered when requested by a Health Care Provider for a Qualified Individual.

  • Accrued Benefits The term “Accrued Benefits” shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive’s employment for reasonable and necessary expenses incurred by the Executive on behalf of the Employer for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, but subject to any deferral election then in effect, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained at the target level (reduced, but not below zero, by amounts paid under all such contingent bonus or incentive compensation awards upon the Change in Control of the Company to the extent such amounts relate to the same period of time); and (v) all other payments and benefits to which the Executive (or in the event of the Executive’s death, the Executive’s surviving spouse or other beneficiary) may be entitled on the Termination Date as compensatory fringe benefits or under the terms of any benefit plan of the Employer, excluding severance payments under any Employer severance policy, practice or agreement in effect on the Termination Date. Payment of Accrued Benefits shall be made promptly in accordance with the Company’s prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits; provided that payments pursuant to clause (iv)(B) shall be paid on the first day of the seventh month following the month in which the Executive’s Separation from Service occurs, unless the Executive’s Separation from Service is due to death, in which event such payment shall be made within 90 days of the date of Executive’s death.

  • Protected Benefits The elections under this Article VI may not eliminate Code Section 411(d)

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan in accordance with Section 401(a)(9) of the Code and the regulations thereunder.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • No Designated Beneficiary If the Participant dies before the date distributions begin and there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.

  • Employment Benefits In addition to the Salary payable to the Executive hereunder, the Executive shall be entitled to the following benefits:

  • Extended Benefits If you are disabled on the date your healthcare coverage ends, your benefits will be temporarily extended for any continuous loss, which commenced while your coverage was in force. The services provided under this benefit are subject to all terms, conditions, limitations and exclusions listed in this agreement, and the care you receive must relate to or arise out of the disability you had on the day your healthcare coverage ended. Extended benefits apply only to the subscriber who is disabled. If you want to receive coverage for continued care when your coverage ends, you must provide us with proof that you are disabled. We will make a determination whether your condition constitutes a disability and you will have the right to appeal our determination or to take legal action. The extension of benefits will end upon the earliest of the following events: • the continuous disability ends; or • twelve (12) months from the termination date; or • payment of the benefit limits under this plan.

  • Vacation Benefits During the Term, the Executive shall be eligible for 20 vacation days annually, which shall be accrued and used in accordance with the applicable policies of the Company. During the Term, the Executive shall be eligible to participate in such medical, dental and life insurance, retirement and other plans as the Company may have or establish from time to time on terms and conditions applicable to other senior executives of the Company generally. The foregoing, however, shall not be construed to require the Company to establish any such plans or to prevent the modification or termination of such plans once established.

  • Retirement Benefits Due to either investment or employment during the marriage, either the Husband or Wife: (check one)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!