VEBA Contribution Sample Clauses

VEBA Contribution. Effective July 1, 2019, full-time employees who elect to enroll in Low Deductible medical insurance coverage (single or family) will receive an annual VEBA contribution of six-hundred dollars ($600). Full-time employees who elect to enroll in HOOP medical insurance coverage (single or family) will receive an annual VEBA contribution of one-thousand-eight-hundred dollars ($1800). The contributions to the VEBA account shall be available to the Employee for payment of Employee medical expenses. In the event of the employee’s death, distribution of these funds are determined by IRS guidelines.
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VEBA Contribution. 3.1. Peabody shall pay or cause to be paid a total of $220 million to the VEBA (the “VEBA Contributions”), payable as follows: (a) $75 million on January 2, 2015, or the next Business Day thereafter if not a Business Day; (b) $75 million on January 2, 2016, or the next Business Day thereafter if not a Business Day; and (c) $70 million on January 2, 2017, or the next Business Day thereafter if not a Business Day. 3.2. For the avoidance of doubt, the sum of the Cash Contribution and the VEBA Contributions will be $310 million (in nominal dollars).
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VEBA Contribution. The City contribution toward individual VEBA accounts for employees shall be fully funded at $75 per month for all full-time career employees, ending the temporary reduction in place during the 2012-2015 MOU. A. All members of the Xxxxxx Valley Management Association are eligible to participate in the program and are given a one-time option of participating or not participating in the program. The option must be exercised within fourteen
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VEBA Contribution. A. The City will contribute two percent (2%) of an employee’s base salary, as defined in Section 9.2 above, to a Voluntary Employees’ Beneficiary Association (VEBA) to be used by employees, at their option, for either pre or post-retirement eligible expenses.
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VEBA Contribution. Employee contributions to individual VEBA accounts shall be forty-five ($45.00) dollars per month beginning the first month following ratification of the agreement.
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VEBA Contribution. The Superintendent shall receive yearly contributions to a VEBA account in an amount provided to other similarly situated administrative personnel.
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VEBA Contribution. 5 January 1, 2020 and thereafter the District agrees to pay each employee yearly the amount per FTE 6 based on previous pooling allotment from the District.
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VEBA Contribution. Monies currently in the VEBA shall be immediately vested, however, no new contributions will be made into this account.
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VEBA Contribution. Full-time employees who elect to enroll in the EMPLOYER’s high-deductible, health insurance plan shall receive a contribution of eight-hundred-fifty dollars ($850) to a Voluntary Employees' Beneficiary Association (VEBA) account which will be established by the EMPLOYER. The contributions to the VEBA account shall be available to the Employee for payment of Employee medical expenses. *Note: In the event of your death, your VEBA account dollars will go to your spouse. If you do not have a spouse, they will go to any IRS dependents you have. If you do not have dependents, your VEBA dollars will go into your estate to offset any health costs which may have accrued. Any remainder will be forfeited.
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Related to VEBA Contribution

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Pension Contributions While on leave pursuant to Section B. of this Article, an employee may make contributions to the appropriate State pension system and will receive service credit for the time the employee is on unpaid leave.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

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