Optional Fringe Benefits Sample Clauses

Optional Fringe Benefits. The Board shall make available to each employee covered by this agreement a cafeteria plan of fringe benefits (IRS Section 125): A. An employee, at his/her option may enter into a salary reduction agreement with the Board up to a maximum amount allowed by the IRS, to be used to purchase options available on the cafeteria plan. (1992) B. The Xxxxxx City Section 125 Cafeteria Plan shall consist of the following options: District approved 1) health insurance; 2) salary protection; 3); accident only insurance; 4) cancer insurance; 5) dental insurance; 6) childcare expense; and 7) unreimbursed medical expense. (1992, 2017) C. Each employee shall be provided the opportunity to select one or a combination of the benefit plans offered through the cafeteria plan. The selected benefits shall commence from the first day of employment with the Xxxxxx City School District. The employee shall be provided an opportunity to keep or change his/her selected benefits every 12 months. If the monthly premiums of the benefit or benefits selected by an individual employee exceed the monthly sum allowed, the individual shall have such amount in excess deducted from his/her monthly paycheck. D. The Companies retained in the Cafeteria Plan shall include those companies that are District approved. E. Members shall have access to representatives of District approved companies in their buildings during the teacher’s school day when not assigned to students
Sample 1Sample 2Sample 3See All (7)
AutoNDA by SimpleDocs
Optional Fringe Benefits. Spearfish Optional Fringe Benefit Program (SOFBP) for employees subject to this Agreement hired before August 13, 2002. 1. The SOFBP is a cash payment option paid to the employee in lieu of health insurance. 2. The employee must show proof of single hospital/medical coverage before monies can be used for the SOFBP whenever requested by the District’s business office. 3. The SOFBP cash payment shall be $125.00 per month until August 31, 2017, from which will be deducted any increase in dental insurance premiums payable by the employee if selected (currently $12.90 per month, but which may change during the term of this Agreement).
Sample 1
Optional Fringe Benefits. Matching TSA contribution: Match 100% up to $500 - Collectable upon retirement.
Sample 1
Optional Fringe Benefits. Subdivision 1: Employees may choose any combination of the following available options: a. Dependent medical insurance coverage b. Dental/optical plan c. Short-Term Disability Insurance d. Accident Advantage e. Cancer Protection Assurance f. Aflac Choice, Critical Care Protection, and Term Life g. Balance to employee’s Health Savings Account, HRA, or 403b (with employee match). Remaining funds the employee chooses to contribute to a 403b would have no impact on ARTICLE XVIII 403(b) MATCHING CONTRIBUTION PLAN yearly or district lifetime contributions, however contributions may impact total IRS allowable contributions. Employees are responsible for any applicable IRS consequences if not following federal regulations. Subdivision 2: No changes will be allowed during the school term except in case of emergencies which impact coverage such as death of a spouse, divorce, etc.
Sample 1

Related to Optional Fringe Benefits

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to such fringe benefits and perquisites as are provided by the Company to its senior executives from time to time, in accordance with the policies, practices and procedures of the Company, and shall receive such additional fringe benefits and perquisites as the Company may, in its discretion, from time-to-time provide.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

  • Optional Benefits Optional Group Life Insurance

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Fringe Benefit The benefits provided by this Agreement are granted by the Employer as a fringe benefit to the Executive and are not a part of any salary reduction plan or any arrangement deferring a bonus or a salary increase. The Executive has no option to take any current payments or bonus in lieu of the benefits provided by this Agreement.

  • TREATMENT OF FRINGE BENEFITS The fringe benefits are charged using the rate(s) listed in the Fringe Benefits Section of this Agreement. The fringe benefits included in the rate(s) are listed below. Vacation, holiday, sick leave pay and other paid absences are included in salaries and wages and are claimed on grants, contracts and other agreements as part of the normal cost for salaries and wages. Separate claims are not made for the cost of these paid absences.

  • Customary Fringe Benefits Executive will be eligible for all customary and usual fringe benefits generally available to executives of Company subject to the terms and conditions of Company’s benefit plan documents. Company reserves the right to change or eliminate the fringe benefits on a prospective basis, at any time, effective upon notice to Executive.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period. (b) The Executive shall be enrolled and participate in any retirement, group insurance and other fringe benefit plans and arrangements which are applicable to the similarly situated personnel of the Company and in effect from time to time, if the Executive is eligible therefor, in each case in accordance with and subject to the provisions thereof.

  • Vacation and Fringe Benefits During the Employment Period, the Executive shall be entitled to paid vacation and fringe benefits at a level that is commensurate with the paid vacation and fringe benefits available to the Executive immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available from time to time to the Executive or other similarly situated officers at any time thereafter.

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