Common use of The Cafeteria Plan Extended Illness Benefit and Cash-out Clause in Contracts

The Cafeteria Plan Extended Illness Benefit and Cash-out. Any Full-time employee who is eligible but who elects not to participate in a PERS medical (must satisfy PERS eligibility to waive coverage) insurance program will receive a monthly Cafeteria Plan Benefit of two hundred dollars ($200.00) that may be used only to purchase the Cafeteria Plan Extended Illness Benefit. The Extended Illness Benefit is a separate plan not part of the District's Paid Time Off program. The Extended Illness Benefit cannot be used unless and until an employee has exhausted all accrued Paid Time Off. The Extended Illness Benefit may only be used by an employee who is on an approved leave of absence pursuant to Family Medical Leave Act (FMLA), California's Family Right Act ("CFRA") or the Pregnancy Disability Act ("PDA”) and who has used all accrued Paid Time Off. Extended Illness Benefit dollars will be converted to hours available under the Extended Illness Benefit and is determined by dividing the applicable straight time hourly rate, then in effect for the employee, into the dollar amount then available to the employee as the Extended Illness Benefit. Extended Illness Benefit cannot be carried over to the next calendar year. All unused Extended Illness Benefit must be cashed out on the final pay date in the calendar year in which the benefit is earned. The payout will be subject to all applicable tax withholdings and to the standard payroll deductions previously authorized by the employee. The maximum annual gross amount due to the employee on the final pay date in December is twenty-four hundred dollars ($2,400.00).

Appears in 2 contracts

Samples: Labor Agreement, Labor Agreement

AutoNDA by SimpleDocs

The Cafeteria Plan Extended Illness Benefit and Cash-out. Any Fullfull-time employee who is eligible but who elects not to participate in a PERS medical (must satisfy PERS eligibility to waive coverage) insurance program will receive a monthly Cafeteria Plan Benefit of two hundred dollars ($200.00200 .00) that may be used only to purchase the Cafeteria Plan Extended Illness BenefitBenefit . The Extended Illness Benefit is a separate plan not part of the District's Paid Time Off program’s PTO program . The Extended Illness Benefit cannot be used unless and until an employee has exhausted all accrued Paid Time OffPTO . The Extended Illness Benefit may only be used by an employee who is on an approved leave of absence pursuant to Family Medical Leave Act (FMLA), California's ’s Family Right Act ("CFRA") or the Pregnancy Disability Act ("PDA”) and who has used all accrued Paid Time OffPTO . Extended Illness Benefit dollars will be converted to hours available under the Extended Illness Benefit and is determined by dividing the applicable straight time hourly rate, then in effect for the employee, into the dollar amount then available to the employee as the Extended Illness BenefitBenefit . Extended Illness Benefit cannot be carried over to the next calendar yearyear . All unused Extended Illness Benefit must be cashed out on the final pay date in the calendar year in which the benefit is earnedearned . The payout will be subject to all applicable tax withholdings and to the standard payroll deductions previously authorized by the employeeemployee . The maximum annual gross amount due to the employee on the final pay date in December is twenty-four hundred dollars ($2,400.00)2,400 .00) .

Appears in 1 contract

Samples: Agreement

AutoNDA by SimpleDocs

The Cafeteria Plan Extended Illness Benefit and Cash-out. Any Full-time An employee who is eligible but who elects not to participate in a PERS medical (must satisfy PERS eligibility to waive waiver coverage) insurance program will receive a monthly Cafeteria Plan Benefit benefit of two hundred dollars ($200.00) that may be used only to purchase the Cafeteria Plan Extended Illness Benefit. The Extended Illness Benefit is a separate plan not part of the District's Paid Time Off ’s PTO program. The Extended Illness Benefit cannot be used unless and until an employee has exhausted all accrued Paid Time OffPTO. The Extended Illness Benefit may only be used by an employee who is on an approved leave of absence pursuant to Family Medical Leave Act (FMLA), California's ’s Family Right Act ("CFRA") or the Pregnancy Disability Act ("PDA”) and who has used all accrued Paid Time OffPTO. Extended Illness Benefit dollars will be converted to hours available under the Extended Illness Benefit and is determined by dividing the applicable straight time hourly rate, then in effect for the employee, into the dollar amount then available to the employee as the Extended Illness Benefit. Extended Illness Benefit cannot be carried over to the next calendar year. All unused Extended Illness Benefit must be cashed out on the final pay date in the calendar year in which the benefit is earned. The payout will be subject to all applicable tax withholdings and to the standard payroll deductions previously authorized by the employee. The maximum annual gross amount due to the employee on the final pay date in December is twenty-four hundred dollars ($2,400.00).

Appears in 1 contract

Samples: Labor Agreement

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