Single Plus Child(ren), Single Plus Spouse, Single Plus Sample Clauses

Single Plus Child(ren), Single Plus Spouse, Single Plus. Full Family Furthermore, regarding health, hospitalization and major medical insurance, Employees who wish to have their dependents insured shall pay a portion of the dependent Premium Cost through payroll deductions according to the following parameters, and as further illustrated in the charts below; those Employees who enroll in dependent medical/hospitalization insurance will have the single portion of their dependent coverage paid for by the Board at one hundred percent (100%). In calendar year 2023, Employees will pay annually towards the cost of the dependent care Premium Cost the Employee Contribution amount as set forth below in the chart under the heading “2023 Employee Contribution”. In calendar year 2024, Employees will pay annually towards the cost of the dependent care Premium Cost the 2023 Employee Contribution, plus thirty-five percent (35%) of the increase to the new 2024 Premium Cost, which will yield a new 2024 Employee Contribution amount. In the event there is no increase to the Premium Cost, the employee will pay last year’s Employee Contribution. In calendar year 2025, Employees will pay annually towards the cost of the dependent care Premium Cost the 2024 Employee Contribution, plus thirty-five (35%) of the increase to the new 2025 Premium Cost, which will yield a new 2025 Employee Contribution amount. In the event there is no increase to the Premium Cost, the Employee will pay last year’s Employee Contribution. In calendar year 2026, Employees will pay annually towards the cost of the dependent care Premium Cost the 2025 Employee Contribution, plus thirty-five (35%) of the increase to the new 2026 Premium Cost, which will yield a new 2026 Employee Contribution amount. In the event there is no increase to the Premium Cost, the Employee will pay last year’s Employee Contribution. As an example, and assuming a five percent (5%) increase in 2024 to the Premium Cost in calendar year 2024, an individual who takes HMO Full Family with a 2023 Premium Cost of $24,973.44 & a 2023 Employee Contribution of $9,410.16 will pay annually an Employee Contribution of $9,847.19 in 2024 (24,973.44 x 1.05 = 26,222.11, then 26,222.11 – 24,973.44 = 1,248.67, then 1,248.67 x 0.35 = 437.03, then 9,410.16 + 437.03 = 9,847.19). The same formula will be used for 2025 and 2026. Employees with ten (10) or more years of service in the Waukegan Public Schools and who retire, may at their own option and upon payment of the appropriate premium, continue to be cover...
Sample 1
AutoNDA by SimpleDocs

Related to Single Plus Child(ren), Single Plus Spouse, Single Plus

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Exchange Control Information Exchange control reporting is required for cash transactions exceeding AUD10,000 and for international fund transfers. If an Australian bank is assisting with the transaction, the bank will file the report on your behalf.

  • Definitions For purposes of this Agreement:

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Taxes The Company shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments, and governmental levies except such as are contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders of the Notes.

  • NOW, THEREFORE the parties hereto agree as follows:

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Headings The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement.

  • Purpose The purpose of this Agreement is to identify the terms and conditions of the relationship between TIPS and Vendor. Public entities and qualifying non-profits that properly join or utilize TIPS (“TIPS Members”) may elect to “piggyback” off of TIPS’ procurements and agreements where the laws of their jurisdiction allow. TIPS Members are not contractual parties to this Agreement although terms and conditions of this Agreement may ensure benefits to TIPS Members.

Time is Money Join Law Insider Premium to draft better contracts faster.