Premium Equivalent Contribution Sample Clauses

Premium Equivalent Contribution. Dental/vision only insurance coverage will continue to be a separate option for employees. The City will make dental/vision only coverage available at no charge to new employees if the employee has elected medical insurance. For calendar years 2018, 2019, and 2020 a premium equivalent contribution will be charged for dental/vision only coverage. Dental coverage will be paid at 90% of the Usual and Customary Rate (UCR).
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Premium Equivalent Contribution. Dental/vision insurance coverage will continue to be a separate option for employees if they do not elect medical coverage. A premium equivalent contribution will charged for dental/vision coverage. If an employee elects medical coverage, the dental/vision premium will be waived if the employee and enrolled spouse have had one preventive care dental screening during the plan period.
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Premium Equivalent Contribution. Beginning in 2015, there will be a premium surcharge of 15% of the premium equivalent based on coverage level of either single or family coverage for tobacco use if either the employee or covered spouse uses tobacco. In the event that the Employee and/or spouse uses tobacco, the Employee or Spouse may make a request for an alternative standard during open enrollment and the City will work with an employee (and, if they wish, the employee’s doctor) to earn the same reward by different means. If coverage is elected, a premium equivalent will be charged through a payroll deduction.
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Premium Equivalent Contribution. The city will make dental/vision insurance a separate option beginning in January 2014. The City will make dental/vision coverage available at no charge if the employee has elected medical insurance for the calendar year 2014. For calendar years 2015 & 2016, a premium equivalent contribution will charged for dental/vision coverage. The premium will be waived if the employee and enrolled spouse have had one preventive care dental screening
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Premium Equivalent Contribution. Coverage for Adult Children age 26 up to age 28. The benefits of this Plan will only be made available if paid for through an annual premium equivalent amount. Coverage of medical benefits does not include dental and vision insurance and will only be available if elected and paid for through a premium equivalent amount.
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Related to Premium Equivalent Contribution

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Negotiated Funding Amount, Board Contributions 4.1.1 Each Board shall pay an amount equal to 1/12th of the annual negotiated funding amount as described in 4.1.3 to the Trustees of the OECTA ELHT by the last day of each month from and after the Board’s Participation Date.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

  • Maximum Contribution The total amount you may contribute to an IRA for any taxable year cannot exceed the lesser of 100 percent of your compensation or $6,000 for 2019 and 2020, with possible cost- of-living adjustments each year thereafter. If you also maintain a Xxxx XXX (i.e., an IRA subject to the limits of Internal Revenue Code Section (IRC Sec.) 408A), the maximum contribution to your Traditional IRAs is reduced by any contributions you make to your Xxxx IRAs. Your total annual contribution to all Traditional IRAs and Xxxx IRAs cannot exceed the lesser of the dollar amounts described above or 100 percent of your compensation.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Dividend Equivalent Payments Until your RSUs convert to Shares, if MSCI pays a dividend on Shares, you will be entitled to a dividend equivalent payment in the same amount as the dividend you would have received if you held Shares for your vested and unvested RSUs immediately prior to the record date. No dividend equivalents will be paid to you with respect to any canceled or forfeited RSUs. MSCI will decide on the form of payment and may pay dividend equivalents in Shares, in cash or in a combination thereof, unless otherwise provided in Exhibit C. MSCI will pay the dividend equivalent when it pays the corresponding dividend on its common stock or on the next regularly scheduled payroll date. The gross amount of any dividend equivalents paid to you with respect to RSUs that do not vest and convert to Shares shall be subject to potential recoupment or payback (such recoupment or payback of dividend equivalents, the “Clawback”) following the cancellation or forfeiture of the underlying RSUs. You consent to the Company’s implementation and enforcement of the Clawback and expressly agree that MSCI may take such actions as are necessary to effectuate the Clawback consistent with applicable law. If, within a reasonable period, you do not tender repayment of the dividend equivalents in response to demand for repayment, MSCI may seek a court order against you or take any other actions as are necessary to effectuate the Clawback.

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