Partial Employer Contribution Sample Clauses
The Partial Employer Contribution clause defines the employer's obligation to contribute only a portion, rather than the full amount, toward a specific benefit or expense, such as health insurance premiums or retirement plan funding. In practice, this means the employer pays a set percentage or fixed dollar amount, while the employee is responsible for covering the remaining balance. This clause helps clarify the division of financial responsibility between employer and employee, ensuring both parties understand their respective obligations and preventing misunderstandings regarding benefit costs.
Partial Employer Contribution. Faculty members who are eligible for the partial Employer contribution for health, dental and basic life coverage (s) shall receive the full Employer contribution for basic life coverage, and at the faculty member’s option, the partial contribution for health and dental coverage(s). The partial Employer contribution for health and dental coverage(s) is fifty percent (50%) of the full cost. Eligibility shall be in accordance with the following:
Partial Employer Contribution. Any supervisor who was eligible for and received an employer contribution under a Technical college contract and is assigned to work at least seven hundred and seventy (770) hours per year shall be considered eligible for a partial employer contribution under the Master Agreement.