OSU BENEFITS Sample Clauses

OSU BENEFITS. (Additional information onthe OSU benefits noted in this section, as well as other benefits, is available from the OSU Office of Human Resources website at xxxx://xx.xxx.xxx/benefits/). OSU agrees to provide: 1. An annual stipend commensurate with institutional guidelines and post graduate year that is uniform among clinical departments, pursuant to recommendations made by the Graduate Medical Education Committee and approved by the Associate Xxxx for Graduate Medical Education and the Chief Clinical Officer. Stipend levels will be determined annually and this information will be distributed to Residents prior to the beginning of each academic year. 2. Professional liability insurance for professional medical services rendered within the scope of OSU employment and the residency/fellowship program at approved sites/rotations. This coverage is provided by OSU’s Self Insurance Program, on an occurrence basis, with a minimum shared limit of liability of $1,000,000 per occurrence/ $3,000,000 annual aggregate. Outside professional activity performed for hire (moonlighting) is not covered with the exception of services provided at OSU-UH locations and previously approved in writing by the Chief Medical Officer. 3. Group Term Life insurance in an amount of two and one half times annual stipend, to a maximum of $250,000. Optional Voluntary Group Term Life Insurance (VGTLI) coverage for yourself, your eligible spouse and/or dependent children up to age 26. You pay the full cost of VGTLI coverage. 4. Eligibility to enroll in the OSU-sponsored health insurance plans, which includes medical, dental and vision options. Premiums and coverage vary by plan and coverage level. 5. Upon employment, Resident will begin accruing sick leave benefit hours. This benefit provides the Resident full pay for up to the total number of hours that have been accrued. Xxxx leave does not accrue during unpaid leaves of absences. There is no limit on the number of hours that may be accrued. Full-time employees (100%) accrue 120 hours of sick leave per year. Appointments less than 100% accrue sick leave at a pro- rated amount according to time actually worked. No moonlighting while on sick leave is permitted. 0. Xx accordance with federal law, the university provides job protected Family and Medical Leave (FML) to eligible employees for up to 12 workweeks (480 hours) of leave during a 12 month period based on qualifying events. Eligible employees that care for covered service members are eli...
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OSU BENEFITS. (Additional information on many OSU benefits noted in this section is available from the OSU Office of Human Resources website at xxxx://xx.xxx.xxx/benefits/). OSU agrees to provide: 1. An annual stipend commensurate with institutional guidelines and post graduate year that is uniform among clinical departments, pursuant to recommendations made by the Graduate Medical Education Committee and approved by the Associate Xxxx for Graduate Medical Education and the Chief Clinical Officer. Stipend levels will be determined annually and this information will be distributed to Residents prior to the beginning of each academic year. 2. Professional liability insurance for professional medical services rendered within the scope of OSU employment and the residency/fellowship program at approved sites/rotations. This coverage is provided by OSU’s Self Insurance Program, on an occurrence basis, with a minimum shared limit of liability of $1,000,000 per occurrence/ $3,000,000 annual aggregate. Outside professional activity performed for hire (moonlighting) is not covered with the exception of services provided at OSU-UH locations and previously approved in writing by the Chief Medical Officer. 3. Group Term Life insurance in an amount of two and one half times annual stipend, to a maximum of $250,000. Optional dependent group life plans are available for spouses, or same-sex domestic partner (separate affidavit required) and dependent children up to age twenty-six or when they no longer meet eligibility requirements if earlier. A variety of plans with varying premiums and limits of coverage are available. 4. Eligibility to enroll in the OSU-sponsored health insurance plans, which includes medical, dental and vision options. Premiums and coverage vary by plan and coverage level. 5. Upon employment, Resident will begin accruing sick leave benefit hours. This benefit provides the Resident full pay for up to the total number of hours that have been accrued. Sick leave does not accrue during unpaid leaves of absences. There is no limit on the number of hours that may be accrued. Full-time employees (100%) accrue 120 hours of sick leave per year. Appointments less than 100% accrue sick leave at a pro- rated amount according to time actually worked. No moonlighting while on sick leave is permitted. 6. The Family Medical Leave Act (“FMLA”) is designed to support a work environment that offers solutions to the complex issues individuals face in balancing their work and family co...

Related to OSU BENEFITS

  • Standard Benefits During the Employment Period, Executive shall be entitled to participate in all employee benefit plans and programs, including paid vacations, generally available to other similarly situated Company executives, subject to the terms and conditions of the applicable plans.

  • Health Benefits For the eighteen (18) month period following the Termination Date, provided that Executive is eligible for, and timely elects COBRA continuation coverage, the Company will pay on Executive’s behalf, the monthly cost of COBRA continuation coverage under the Company’s group health plan for Executive and, where applicable, her spouse and dependents, at the level in effect as of the Termination Date, adjusted for any increase in such level paid by the Company for active employees, less the employee portion of the applicable premiums that Executive would have paid had she remained employed during the such eighteen (18) month period (the COBRA continuation coverage period shall run concurrently with the eighteen (18) month period that COBRA premium payments are made on Executive’s behalf under this subsection 1(a)(ii)). The reimbursements described herein shall be paid in monthly installments, commencing on the sixtieth (60th) day following the Termination Date, provided that the first such installment payment shall include any unpaid reimbursements that would have been made during the first sixty (60) days following the Termination Date. Notwithstanding the foregoing, the Company’s payment of the monthly COBRA premiums in accordance with this subsection 1(a)(ii) shall cease immediately upon the earlier of: (A) the end of the eighteen (18) month period following the Termination Date, or (B) the date that Executive is eligible for comparable coverage with a subsequent employer. Executive agrees to notify the Company in writing immediately if subsequent employment is accepted prior to the end of the eighteen (18) month period following the Termination Date and Executive agrees to repay to the Company any COBRA premium amount paid on Executive’s behalf during such period for any period of employment during which group health coverage is available through a subsequent employer. Notwithstanding the foregoing, the Company reserves the right to restructure the foregoing COBRA premium payment arrangement in any manner necessary or appropriate to avoid fines, penalties or negative tax consequences to the Company or Executive (including, without limitation, to avoid any penalty imposed for violation of the nondiscrimination requirements under the Patient Protection and Affordable Care Act or the guidance issued thereunder), as determined by the Company in its sole and absolute discretion.

  • General Benefits During the Term of Employment, the Executive shall be entitled to participate in such employee pension and welfare benefit plans and programs of the Company as are made available to the Company's senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, health, medical, dental, long-term disability, travel accident and life insurance plans.

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