Plan Year 2016 Sample Clauses

Plan Year 2016. Effective Plan Year 2016, the County and covered employees will share in the cost of medical premiums. The County will pay ninety percent (90%) of the total semi-monthly premium for an HMO plan at the corresponding level of coverage (i.e., Self, Self +1 dependent, Family) in a plan year. The balance of the semi-monthly medical premium will be paid by the employee through payroll deduction.
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Plan Year 2016. Should any other County employee receive an increase in the amount the County contributes per biweekly pay period towards the Cafeteria Plan for Health Insurance Plan Year 2016, unit employees shall receive an equivalent (based on total cost including all applicable “roll-ups”) increase in bi-weekly County contribution.
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Plan Year 2016. Each Unit employee enrolled in single, two-party, or family medical coverage under any City sponsored health plan shall contribute on a pre-tax basis ten (10) percent of the “blended rate” in effect at that time for the elected coverage level. The City will pay the remainder of the applicable premium.
Sample 1
Plan Year 2016. The City shall contribute 90% of the premium for the employee’s plan and elected level of coverage, not to exceed 90% of the premium for the lowest-priced HMO plan available through the City. Unit employees shall contribute the remainder of the applicable premium in effect at that time for the plan and coverage level elected by each eligible Unit employee.
Sample 1
Plan Year 2016. All full-time Unit employees enrolled in single-party, two-party, or family medical coverage under Kaiser HMO or Blue Shield HMO shall contribute on a pre-tax basis twelve (12) percent of the “blended rate” in effect at that time for the elected level of coverage. The City will pay the remainder of the applicable premium.
Sample 1
Plan Year 2016. All eligible part-time Unit employees who are enrolled in single-party, two-party, or family medical coverage under Kaiser HMO or Blue Shield HMO, employee pre-tax premium contributions will be required, as follows: a. For part-time employees enrolled in single- party coverage, the employee will contribute fifty-six (56) percent of the single-party “blended rate” in effect at that time; b. For part-time employees enrolled in two- party coverage, the employee will contribute fifty-six (56) percent of the single-party “blended rate” and the difference between the single-party “blended rate” and the two-party “blended rate” in effect at that time; c. For part-time employees enrolled in family coverage, the employee will contribute fifty-six (56) percent of the single-party “blended rate” and the difference between the single-party “blended rate” and the family “blended rate” in effect at that time.
Sample 1
Plan Year 2016. For full-time Unit employees, the City shall contribute 88% of the premium for the employee’s plan and elected level of coverage, not to exceed 88% of the premium for the lowest-priced traditional HMO plan available through the City. For eligible part-time Unit employees, the City shall contribute 44% of the premium for single-party coverage for the employee’s elected plan, not to exceed 44% of the single-party premium for the lowest- priced traditional HMO plan available through the City. Unit employees shall contribute the remainder of the applicable premium in effect at that time for the plan and coverage level elected by each eligible Unit employee.
Sample 1
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Related to Plan Year 2016

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Incentive Pay (1) For any calendar year: in which twenty-five percent (25%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then (a) Members who are rated at Level II in all phases of the PFT will receive three hundred dollars ($300.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (2) For any calendar year in which fifty percent (50%) of the number of members employed as of January 1 of each year are rated as either Level II or Level III in every phase of the PFT then: (a) Members who are rated at Level II in all phases of the PFT will receive six hundred dollars ($600.00) in a one-time lump sum payment. (b) Members who are rated at Level III in all phases of the PFT will receive nine hundred dollars ($900.00) in a one-time lump sum payment. (3) All lump sum payments referenced herein will be paid in February of the following year.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Tax-Deferred Earnings The investment earnings of your Xxxx XXX are not subject to federal income tax as they accumulate in your Xxxx XXX. In addition, distributions of your Xxxx XXX earnings will be free from federal income tax if you take a qualified distribution, as described below.

  • Limitation Year The Limitation Year is: (Choose (c) or (d)) [ x ] (c) The Plan Year. [ ] (d) The 12 consecutive month period ending every _____.

  • Vacation Year The vacation year shall be April 1 to March 31, inclusive.

  • Annual Incentive Compensation Executive shall be eligible to receive an annual bonus (“Annual Bonus”) with respect to each fiscal year ending during the Employment Period. The Annual Bonus shall be determined under the 2006 Omnibus Incentive Plan (the “Omnibus Plan”) or such other annual incentive plan maintained by the Company for similarly situated employees that the Company designates, in its sole discretion (any such plan, the “Bonus Plan”), in accordance with the terms of such plan as in effect from time to time. For each such fiscal year, Executive shall be eligible to earn a target Annual Bonus equal to seventy percent (70%) of Executive’s Base Salary for such fiscal year, if the Company achieves the target performance goals established by the Board for such fiscal year in accordance with the terms of the Bonus Plan. If the Company does not achieve the threshold performance goals established by the Board for a fiscal year, Executive shall not be entitled to receive an Annual Bonus for such fiscal year. If the Company exceeds the target performance goals established by the Board for a fiscal year, Executive may be entitled to earn an additional Annual Bonus for such year in accordance with the terms of the applicable Bonus Plan. The Annual Bonus for each year shall be payable at the same time as bonuses are paid to other senior executives of the Company in accordance with the terms of the applicable Bonus Plan, but in no event later than two and a half (21/2) months following the end of the applicable fiscal year in which such Annual Bonus was earned. Executive shall be entitled to receive any Annual Bonus that becomes payable in a lump-sum cash payment, or, at his election, (A) up to fifty percent (50%) of the Annual Bonus in the form of a grant of restricted stock units of Common Stock (as defined below) or (B) in any form that the Board generally makes available to the Company’s executive management team, provided that any such election is made by Executive in compliance with Section 409A of the Code and the regulations promulgated thereunder.

  • Year of Service An Employee must complete at least Hours of Service during a Vesting Computation Period to receive credit for a Year of Service under Article V. [Note: The number may not exceed 1,000. If left blank, the requirement is 1,000.]

  • Annual Incentive Awards The Executive shall participate in the Company's annual incentive compensation plan with a target annual incentive award opportunity of no less than 40% of Base Salary and a maximum annual incentive award opportunity of 80% of Base Salary. Payment of annual incentive awards shall be made at the same time that other senior-level executives receive their incentive awards.

  • Annual Discretionary Bonus Effective as of the Effective Date, the Executive will be eligible to earn an annual performance bonus of up to 40% of the Executive’s Base Salary (the “Target Bonus”), based upon the Board’s assessment of the Executive’s performance and the Company’s attainment of targeted goals as set by the Board in its sole discretion. To the extent the Executive’s Base Salary and/or target bonus percentage of Base Salary is changed during the year to which the performance bonus relates, the Target Bonus shall be calculated based on base salary actually paid during such year (and not solely on the Executive’s Base Salary at the end of such year) and shall apply the initial target bonus percentage of Base Salary and the revised target bonus percentage of Base Salary based on the portion of the year during which each was in effect. The Board may determine to provide the bonus in the form of cash, equity award(s), or a combination of cash and equity. Following the close of each calendar year, the Board will determine whether the Executive has earned a performance bonus, and the amount of any performance bonus, based on the set criteria. No amount of the annual bonus is guaranteed, and the Executive must be an employee in good standing on the date of payment in order to be eligible for any annual bonus, except as specifically set forth below. The annual performance bonus, if earned, will be paid by no later than March 15 of the calendar year after the year to which it relates. The Executive’s bonus eligibility will be reviewed on an annual or more frequent basis by the Board and is subject to change in the discretion of the Board.

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