Total Rewards Benefit Option Plan Sample Clauses

Total Rewards Benefit Option Plan. All full-time bargaining unit members will have the option to participate in the Total Rewards Benefit Option Plan that allows employees to forgo certain benefits in exchange for a pay supplement. The following are the eligible benefits and dollar amounts of the annual pay supplements for each eligible benefit in the Total rewards Benefit Option. Total Rewards Benefit Option Plan Benefit Options Dollar Amount of Annual Pay Supplement Health Insurance Xxxxxxx First $5,850.00 Xxxxxxx Select Xxxxxxx POS Dental Insurance $400 Delta PPO Delta HMO Paid Time Off (includes PL & Extended Illness) 8% of the employee’s annual base salary 12 PTO days to be used as needed Life Insurance $550 Basic Survivor Benefits
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Total Rewards Benefit Option Plan. Benefit Options Dollar Amount of Annual Pay Supplement Health Insurance Xxxxxxx First $5,850.00 Xxxxxxx Select Xxxxxxx POS Dental Insurance $400 Delta PPO Delta HMO Paid Time Off (includes PL & Extended Illness) 8% of the employee’s annual base salary 12 PTO days to be used as needed Life Insurance $550 Basic Survivor Benefits

Related to Total Rewards Benefit Option Plan

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • RETIREMENT INCENTIVE PROGRAM A. A Retirement Incentive Program will be provided by the District based upon the conditions stipulated below:

  • Deferred Compensation Program ‌ Unit members shall continue to be eligible to join the County’s Deferred Compensation Plan. Said employees will be bound by the same Plan, rules and participation agreements as are generally applicable to other County employees. DSA acknowledges that County retains the right to alter, amend, or repeal the current plan, rules, and participation agreements, at any time. The County shall not charge an administrative fee to participating employees.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Deferral Plan The deferral portion of the plan shall involve an employee spreading four (4) years' salary over a five (5) year period, or such other schedule as may be mutually agreed between the employee and the Hospital. In the case of the four (4) years' salary over a five (5) year schedule, during the four (4) years of salary deferral, 20% of the employee's gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately.

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