Vacation Savings Account Sample Clauses

Vacation Savings Account. Effective June 5, 2017 the Employer shall add the Vacation Savings Account (VSA) contribution to employees’ wages each pay period. The amount to be included is $1.00 per each straight time hour. The Vacation Savings Account contribution should be added to the hourly wage rate for tax purposes. The Vacation Savings Account is a per hour contribution, is paid on all hours worked, and is not subject to over time increase. NEBF contributions should be paid on the pretax Vacation Savings Account contribution. LMCC Chicago Effective June 5, 2017 the Labor Management Cooperation Committee of Chicago (LMCC Chicago) contribution shall be $.20 per hour for all hours worked for all Journeymen and the same amount for all other employees below the maximum rate. Administrative Maintenance Fund Effective June 5, 2017, all Employers covered by this Agreement shall contribute $.08 per hour worked for each employee covered by this Labor Agreement to the Administrative Maintenance Fund. The moneys are for the purpose of administration of the collective bargaining Agreement, handling grievances and all other management duties and responsibilities in this Agreement. The Administrative Maintenance Fund contribution shall be submitted with all other fringe benefits covered in the Labor Agreement by the 15th of the month. The enforcement for delinquent payments to the Fund shall be the sole responsibility of the Fund and the Electrical Contractors’ Association of City of Chicago and not the Local Union. The Administrative Maintenance Fund will be solely administered by the Electrical Contractors’ Association of City of Chicago and shall not be used in any manner detrimental to the Local Union or the IBEW.
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Vacation Savings Account. The employee may establish at a financial institution (selected by the employer) a vacation savings account. Upon the request of any employee the employer will withhold from the employee’s check a specific amount, defined on quarterly basis by the employee that the employer will deposit into said account each pay period.
Sample 1
Vacation Savings Account. As of the last dividend declaration date, the dividend rate was —————% with an annual percentage yield of ————— % on your account.
Sample 1

Related to Vacation Savings Account

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. HOSPITAL means a facility: • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Vacation Credit Any outstanding vacation entitlement for a person going on LTD will be paid in cash upon expiry of sick leave. The cash payment will be calculated on the base earnings at the expiration of sick leave for the prorated days of vacation entitlement, any outstanding lieu days, any outstanding floating statutory holidays, and banked time for 40-hour per week employees. No vacation entitlement, floating holidays, or banked time for 40-hour per week employees accrues while a member is in receipt of LTD benefits.

  • Certain Savings Accounts 1. An account established and maintained in the Slovak Republic that satisfies any of the following:

  • Accumulation of Vacation Leave Credits 31.1.1 An employee shall earn in respect of each fiscal year, annual vacation leave with pay at the following rates for each calendar month in which the employee receives at least seventy-five (75) hours’ pay:

  • Vacation Credits All employees shall participate in the County’s Terminal Pay Plan (Plan). However, only the terminal paychecks (including unused vacation) of those employees who have reached the age of fifty-five (55) shall be placed into the Plan. These terminal paychecks shall be placed into the Plan on a pre-tax basis in accordance with the Plan, all applicable laws and all rules and regulations applicable to the Plan.

  • Vacation Accumulation (a) Vacations are not cumulative from year to year.

  • Vacation Accruals Length of Service Accrual Rate Per Month 0 - 10 yrs. 1 1/4 days 11 - 20 yrs. 1 2/3 days Upon completion of 20 years 2 1/12 days A staff member will be paid for vacation at the staff member’s base rate of pay.

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • Vacation Accrual Regular employees shall accrue hours of vacation with pay for each hour of compensation to a maximum of eighty (80) hours per biweekly work period according to the following schedule, commencing with the employee's hire date of his latest period of County employment.

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