Retention of Fringe Benefits Sample Clauses

Retention of Fringe Benefits. Whenever an employee suffers a reduction from 0.75 FTE or more (30-40 hours per week) to less than 0.75 FTE (less than 30 hours per week), or bumps from a position from 0.75 FTE or more to one with less than 0.75 FTE, the employee's entitlement to District-paid health and welfare insurance benefits provided under the terms of this Agreement shall not be diminished for twelve months following the month in which the action becomes effective. The District's obligation to contribute toward premium costs is reduced effective with the thirteenth month. From that time forward the District shall contribute that portion of total premium costs as the employee's regular non-overtime weekly working hours (per week bear to forty (40) hours. For example, if the employee is reduced to 0.375 FTE (15 hours per week), the District is responsible for paying 3/8 of the District's contribution of the total premium costs (see Article 9). The employee is responsible for paying his/her prorated share of premium costs in order to retain coverage under this provision. The District’s obligation under this provision is waived if the employee fails to make timely payment of his/her share of premiums. This provision is without effect if and when the employee's FTE is restored to 0.75 FTE [thirty (30) per week] or more. Employees whose hours were reduced prior to July 1, 1995, shall continue to receive benefits as provided in the 7/1/90 through 6/30/93 Agreement. Employees who were hired prior to July 1, 2008, shall continue to receive benefits as provided in the 7/1105 through 6/30/08 Agreement.
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Retention of Fringe Benefits. Whenever a bargaining unit employee in lieu of separation from service due to layoff accepts a voluntary reduction in his regular non-overtime daily hours of employment, his entitlement to District paid health and welfare insurance benefits provided under the terms of this agreement shall continue at the rate he enjoyed prior to the reduction in hours for a period of three (3) calendar months.

Related to Retention of Fringe Benefits

  • 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. TREATMENT OF PAID ABSENCES 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.

  • Retention of Benefits Union leave under the following four (4) sections will be unpaid. The Employer will maintain regular pay and xxxx the Union for the costs of the employee’s salary and benefits. If the Union member is part-time or casual, and the leave is greater than their normal work hours, the Employer will pay the employee for the full length of the leave requested by the Union. The Employer will xxxx the Union for these days as noted above. The Union will pay these invoices within twenty-eight (28) days. Union leave is not unpaid leave for the purposes of Article 22.02 [i.e. such leave will not affect the employee’s benefits, seniority or increment anniversary date].

  • 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.

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • 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.

  • 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.

  • WAGES AND FRINGE BENEFITS The minimum hourly rate of Wages and Benefits shall be as per Attachment “A”. Wages at the established rates specified herein shall be paid weekly in the shop or on the job at or before quitting time on any day, Monday through Friday, of each week, and no more than five (5) calendar days pay will be withheld. Alternative payroll procedures, i.e., electronic and/or automatic deposit may be utilized by the Employer. Employees laid off through no fault of their own shall be paid in full ½ hour prior to quitting time or if the employee is signed up for electronic transfer, the money shall be transferred to his or her account within 24 hours. Employees who were discharged or voluntarily quit shall be paid their wages per the Site Local Union’s Agreement. Assessments or Penalties for late pay or non-payment of wages shall be as per the Site Local Inside Collective Bargaining Agreement. Holidays and vacations shall comply with the terms of the Site Local Inside Collective Bargaining Agreement.

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