Salaries and Benefits. (i) Seller shall be responsible for (a) the payment of all wages and other remuneration due to Hired Active Employees with respect to their services as employees of Seller through the close of business on the Closing Date, including pro rata quarterly bonus payments, if any; (b) and the provision of health plan continuation coverage in accordance with Legal Requirements prior to and through the close of business on the Closing Date; (c) all notices of termination or pay in lieu thereof, severance pay, damages for wrongful dismissal and any other employee entitlements, benefits or claims of whatever kind or nature for any Hired Active Employees who’s employment was terminated prior to the Closing Date. For greater certainty, Buyer shall be responsible for all vacation pay earned prior to the Closing Date as such amounts shall have been considered in the Purchase Price adjustments pursuant to Section 2.8.
(ii) Seller shall be liable for any claims made or incurred by Hired Active Employees and their beneficiaries through the Closing Date under the Employee Plans. For purposes of the immediately preceding sentence, a charge will be deemed incurred, in the case of hospital, medical or dental benefits, when the services that are the subject of the charge are performed and, in the case of other benefits (such as disability or life insurance), when an event has occurred or when a condition has been diagnosed that entitles the employee to the benefit.
(iii) Buyer shall be responsible for (a) the payment of all wages and other remuneration to Hired Active Employees with respect to their services as employees of Buyer following the Closing Date, including pro rata bonus payments and all vacation pay for periods which may have commenced prior to the Closing Date; (b) and the provision following the Closing Date of health plan continuation coverage in accordance with Legal Requirements; (c) all notices of termination or pay in lieu thereof, severance pay, damages for wrongful dismissal and any other employee entitlements, benefits or claims of whatever kind or nature for any Hired Active Employees i) who refuse to have their employment relationship transferred to Buyer after the Closing Date; or ii) whose employment is terminated after the Closing Date.
(iv) Buyer shall be liable for any claims made or incurred by Hired Active Employees and their beneficiaries following the Closing Date under the existing or subsequent Employee Plans.
Salaries and Benefits. (i) Seller shall be responsible for (A) the payment of all wages and other remuneration due to Active Employees with respect to their services as employees of Seller through the close of business on the Closing Date, including pro rata bonus payments and all vacation pay earned prior to the Closing Date; and (B) the payment of any termination or severance payments and the provision of health plan continuation coverage in accordance with the requirements of COBRA and Sections 601 through 608 of ERISA.
(ii) Seller shall be liable for any claims made or incurred by Active Employees and their beneficiaries through the Closing Date under the Employee Plans. For purposes of the immediately preceding sentence, a charge will be deemed incurred, in the case of hospital, medical or dental benefits, when the services that are the subject of the charge are performed and, in the case of other benefits (such as disability or life insurance), when an event has occurred or when a condition has been diagnosed that entitles the employee to the benefit.
Salaries and Benefits. (i) Seller shall be responsible for (A) the payment of all wages and other remuneration due to Active Employees with respect to their services as employees of Seller through the close of business on the Closing Date, including pro rata bonus payments and all vacation pay earned prior to the Closing Date; (B) the payment of any termination or severance payments and the provision of health plan continuation coverage in accordance with the requirements of COBRA and Sections 601 through 608 of ERISA; and (C) any and all payments to employees required under the WARN Act.
(ii) Seller shall be liable for any claims made or incurred by Active Employees and their beneficiaries through the Closing Date under the Employee Plans. For purposes of the immediately preceding sentence, a charge will be deemed incurred, in the case of hospital, medical or dental benefits, when the services that are the subject of the charge are performed and, in the case of other benefits (such as disability or life insurance), when an event has occurred or when a condition has been diagnosed that entitles the employee to the benefit.
Salaries and Benefits. Salaries and benefits for the period covered by this Collective Agreement shall be as listed in Appendix F. Items to be referred to in appointment letters. Items in category A will be included in all letters. Items in category B will be included only in those letters where they are applicable.
Salaries and Benefits. For the purpose of earning, crediting, debiting and participating in all vacation, benefits, and seniority pursuant to the Collective Agreement (including but not limited to annual vacations, public holidays, sick leave and disability, all paid leave provisions, increment placement, seniority), participants in Job Share arrangements shall have their entitlements and eligibilities calculated as if they were Regular Part-Time Employees.
Salaries and Benefits. (i) Seller shall be responsible for (A) the payment of all wages and other remuneration due to Active Employees with respect to their services as employees of Seller through the close of business on the date of the Closing, including pro rata bonus payments and all vacation pay earned prior to the date of the Closing; and (B) the payment of any termination or severance payments and the provision of health plan continuation coverage in accordance with the requirements of COBRA and Sections 60: through 608 of ERISA.
(ii) Seller shall be liable for any claims made or incurred by Active Employees and their beneficiaries through the date of the Closing under the Employee Plans.
Salaries and Benefits. For the purpose of earning, crediting, debiting and participating in all vacation, benefits, and seniority pursuant to the Collective Agreement (including but not limited to annual vacations, public holidays, sick leave and disability, all paid leave provisions, increment placement, seniority), participants in Job Share arrangements shall have their entitlements and eligibilities calculated as if they were Regular Part-Time Employees. Participants in a Job Share shall be eligible for coverage under M.S.P., Extended Health, Dental, and Group Life Insurance on the same cost sharing arrangement as is applicable to Regular Part-Time Employees. The employee(s) shall pay one hundred percent (100%) of the premium costs of the Medical Services Plan, if applicable. The premium costs will be adjusted periodically by the Medical Services Plan and current rates are: Single $ 66.50 per month Couple $120.50 per month Family $133.00 per month The City will pay one hundred percent (100%) of the premium costs of the Dental Plan, Extended Health Plan, and Group Life Insurance. Participants in a Job Share arrangement will continue their contributions to the Municipal Pension Plan on the basis of hours worked. Short, Medium and Long Term Disability benefits will be in accordance with the ratio that each participant’s weekly hours bears to the full-time hours (i.e., 50/50 share). The penalty system for Short Term Sick Leave will apply on the same basis as Regular Full-Time. While vacation is earned on a proportionate basis to full-time hours worked, employees shall be entitled to a percentage in lieu of vacation and public holidays as follows: • Where an employee is eligible for two (2) weeks’ vacation, the employee will receive eight percent (8%) in lieu of public holidays and vacation; • Where the employee is eligible for three (3) weeks’ vacation, the employee will receive ten percent (10%) in lieu of public holidays and vacation; • Where the employee is eligible for four (4) weeks’ vacation, the employee will receive twelve percent (12%) in lieu of public holidays and vacation and so on.
Salaries and Benefits. Each employee should have a separate folder containing all salary history, salary authorizations, tax information and payments, pension information and payments (if any), school cost authorization and payment (if any), medical insurance (if any) and vacation/holiday and sick leave records. Each expense must be traceable to the ledger and financial statements. No allowances or facilitation fees should be paid by the project to persons who are already employed by the project. Only overnight allowance can be paid, in accordance with staff policy of the partner organisation.
Salaries and Benefits includes payments made to program participants as a result of employment through the program.
Salaries and Benefits. 20.01 The salary schedule, negotiated in accordance with Article 19, shall include three ranks: assistant professor, associate professor and professor.
20.02 Salaries shall be paid monthly in arrears.
20.03.1 Benefit programs, as negotiated from time to time in accordance with Article 19, shall be administered with the advice and decisions of the Benefits Joint Management Committee. (The detailed authority of the Committee is described in Appendix F).
20.03.2 The Benefit Programs shall be described in a Benefits Guide, approved by the Academic Benefits Review Task Force, and made available to each staff member.
20.03.3 A copy of all insurance contracts and benefit policies shall be provided to the Association.
