Common use of Use of Recreational Facilities Clause in Contracts

Use of Recreational Facilities. The University shall provide employees with scheduled access to and use of recreational facilities such as the Xxxxxx Ice Arena and Xxxxx Natatorium, Kanley Park and Track, and the outdoor tennis courts. The University shall make available to employees a “limited membership” to West Hills Athletic Club at its discretion. If employees so choose, they may instead receive credit toward a full membership. This credit is determined upon the fair value of the limited membership and is currently valued at $270 (this amount is evaluated annually and may change). As an alternative, an annual membership to the Student Recreation Center (SRC) will be made available. At West Hills and the Student Recreation Center, employees will have access to services and facilities normally provided to members. Accepting either or both of these memberships will result in tax consequences of reported income on an employee’s W-2 and will cause tax withholding to occur in the pay period in which this option is elected (approximately $270 reported income for the West Hills “limited membership” option and the value of the membership fee for the Student Recreation Center.)

Appears in 2 contracts

Samples: Agreement, Agreement

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Use of Recreational Facilities. The University shall provide employees with scheduled access to and use of recreational facilities such as the Xxxxxx Ice Arena and Xxxxx Natatorium, Kanley Park and Track, and the outdoor tennis courts. The University shall make available to employees a “limited membership” to West Hills Athletic Club at its discretionClub. If employees so choose, they may instead receive credit toward a full membership. This credit is determined upon the fair value of the limited membership and is currently valued at $270 (this amount is evaluated annually and may change). As an alternative, an annual membership to the Student Recreation Center (SRC) will be made available. At West Hills and the Student Recreation Center, employees will have access to services and facilities normally provided to members. Accepting either or both of these memberships will result in tax consequences of reported income on an employee’s W-2 and will cause tax withholding to occur in the pay period in which this option is elected (approximately $270 reported income for the West Hills “limited membership” option and the value of the membership fee for the Student Recreation Center.)

Appears in 1 contract

Samples: Agreement

Use of Recreational Facilities. The University shall provide employees with scheduled access to and use of recreational facilities such as the Xxxxxx Ice Arena and Xxxxx Natatorium, Kanley Park and Track, and the outdoor tennis courts. The University shall make available to employees a “limited membership” to West Hills Athletic Club at its discretion. If employees so choose, they may instead receive credit toward a full membership. This credit is determined upon the fair value of the limited membership and is currently valued at $270 (this amount is evaluated annually and may change). As an alternative, an annual membership to the Student Recreation Center (SRC) will be made available. At West Hills and the Student Recreation Center, employees will have access to services and facilities normally provided to members. Accepting either or both of these memberships will result in tax consequences of reported income on an employee’s W-2 and will cause tax withholding to occur in the pay period in which this option is elected (approximately $270 reported income for the West Hills “limited membership” option and the value of the membership fee for the Student Recreation Center.)

Appears in 1 contract

Samples: Agreement

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Use of Recreational Facilities. The University shall provide employees with scheduled access to and use of recreational facilities such as the Xxxxxx Ice Arena and Xxxxx Natatorium, Kanley Park and Track, and the outdoor tennis courts. The University shall make available to employees a “limited membership” to West Hills Athletic Club at its discretionClub. If employees so choose, they may instead receive credit toward a full membership. This credit is determined upon the fair value of the limited membership and is currently valued at $270 (this amount is evaluated annually and may change). As an alternative, an annual membership to the Student Recreation Center (SRC) will be made available. At West Hills and the Student Recreation Center, employees will have access to services and facilities normally provided to members. Accepting either or both of these memberships will result in tax consequences of reported income on an employee’s W-2 and will cause tax withholding to occur in the pay period in which this option is elected (approximately $270 reported income for the West Hills “limited membershipmemebership” option and the value of the membership fee for the Student Recreation Center.)

Appears in 1 contract

Samples: Agreement

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