WAGE RELATED FRINGE BENEFITS Sample Clauses

WAGE RELATED FRINGE BENEFITS. A. Conversion of Accumulated Leave Days - VEBA (1) Each year, the School employer shall convert any unused accumulated leave days as of June 30 of that year over ninety (90) days. The conversion shall be at $67.50 per day. Said contributions shall be deposited in the school employee's account by August 1 of the year in which the credit had been earned. Upon retirement, all days will be purchased back at the rate $50 per day. Teacher must be full TRF eligible. age 55 plus 30 years of TRF service, age 60 plus 15 years of TRF service, or age 65 plus 10 years of TRF service (2) The twelfth unused leave day "sold" to the corporation at the end of the school year shall be "purchased" for one hundred fifty dollars ($150). The eleventh unused leave day "sold" to the corporation at the end of the school year shall be "purchased" for one hundred dollars ($100). All days purchased under this section shall be days earned from the Lebanon Community School Corporation and not days transferred from another employer. (3) If an employee donates a day to the Catastrophic Illness and Injury leave bank, the buyback of days will be accordingly: The eleventh unused leave day "sold" to the corporation at the end of the school year shall be "purchased" for one hundred fifty dollars ($150). The tenth unused leave day "sold" to the corporation at the end of the school year shall be "purchased" for one hundred dollars ($100). (4) All converted amounts shall be deposited into a VEBA plan account for each eligible teacher by August 1st of each year in which the credit has been earned. (5) The VEBA account will fully vest when employment is severed from Lebanon Community School Corporation. B. Perfect Attendance Teachers will be compensated a stipend of $250 for each semester completed with perfect attendance. Teachers will be compensated a stipend of $125 for each semester completed with one day of absence. Absences exempted from the calculation of perfect attendance include: Jury Duty and leave for Association Business, and Release Time for District Professional Development.
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WAGE RELATED FRINGE BENEFITS. A. The Board agrees to contribute towards the premium of a single medical insurance plan $7000 beginning October 1, 2019. The board agrees to pay towards the premium of a family medical insurance plan $14,000 beginning October 1, 2019. The first two percent (2%) of any increase in premium that begins October 1, 2020 shall be paid by the board. B. The Board agrees to contribute up to $600 annually for the premiums of a Dental and Vision plan selected by the Board. C. The School Corporation shall provide $50,000 Group Term Life Insurance coverage, with additional death and dismemberment provisions, for each teacher so electing this benefit at a cost of $1.00 to each teacher. D. Each teacher shall be covered by a long-term disability insurance program paid for by the Corporation that provides for a minimum benefit of two-thirds (2/3) salary.
WAGE RELATED FRINGE BENEFITS. 155 156 Medical Insurance Up to the amount specified below, not to exceed the cost of the premium for the 157 applicable policy less one dollar ($1.00), will be paid by the School Employer toward the cost of hospital, surgical, 158 and medical care type insurance, either the single policy or the family policy, for each full-time Teacher employed 159 under a regular teacher contract and enrolled in the school corporation’s group medical insurance plan, with the 160 Teacher paying not less than one dollar ($1.00) per year. 161 162 Maximum School Employer Payment Per Policy: 163 o Plan A** 164 ▪ Single–Up to $8,600.00 165 ▪ EE/child- Up to $14,250.00 166 ▪ EE/Spouse-Up to $16,235.00 167 ▪ Family– Up to $26,350.00 168 ▪ Doubles- Up to $29,400.00 169 o Plan B** 170 ▪ Single–Up to $8,800.00 171 ▪ EE/child- Up to $14,700.00 172 ▪ EE/Spouse-Up to $16,575.00 173 ▪ Family– Up to $26,050.00 174 ▪ Doubles- Up to $28,300.00 175 176 • Maximum School Employee Payment Per Policy: 177 o Plan C (HSA) 178 ▪ Single–Up to $1,237.68 179 180 • Maximum School Employer Payment Per Policy: 181 o Plan C** (HSA) 182 ▪ EE/child- Up to $12,500.00 183 ▪ EE/Spouse-Up to $14,150.00 184 ▪ Family– Up to $22,350.00 185 ▪ Doubles- Up to $25,100.00 186 187 ** For employees or spouses hired on or after January 1, 2022 that are both considered full time employees 188 under GCS are not eligible to elect “doubles” coverage. Participant can elect either single, employee + spouse, 189 or family coverage and pay applicable per pay rate. If a current employee leaves employment with GCS and 190 returns to employment after January 1, 2022, the new hire date will apply and therefore said employee cannot 191 elect “doubles” coverage. 192 193 194 195 196 197 198 199 200 201 204 205 206 207 208 209 210 211 212 213 214 215 216 217 2. 218 3. 219 220 4. 221 222 223 202 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243
WAGE RELATED FRINGE BENEFITS 

Related to WAGE RELATED FRINGE BENEFITS

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to such fringe benefits and perquisites as are provided by the Company to its senior executives from time to time, in accordance with the policies, practices and procedures of the Company, and shall receive such additional fringe benefits and perquisites as the Company may, in its discretion, from time-to-time provide.

  • TREATMENT OF FRINGE BENEFITS The fringe benefits are charged using the rate(s) listed in the Fringe Benefits Section of this Agreement. The fringe benefits included in the rate(s) are listed below. Vacation, holiday, sick leave pay and other paid absences are included in salaries and wages and are claimed on grants, contracts and other agreements as part of the normal cost for salaries and wages. Separate claims are not made for the cost of these paid absences.

  • Customary Fringe Benefits Executive will be eligible for all customary and usual fringe benefits generally available to executives of Company subject to the terms and conditions of Company’s benefit plan documents. Company reserves the right to change or eliminate the fringe benefits on a prospective basis, at any time, effective upon notice to Executive.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

  • Extended Health Care Benefits The City will provide for all employees by contract through an insurer selected by the City an Extended Health Care Plan which will provide extended health care benefits. The City shall pay one hundred per cent (100%) of the premiums, which will include any premiums payable under The Health Insurance Act, R.S.O. 1990, as amended.

  • Health Care Benefits A. Each regular, full-time employee may elect coverage for himself and his eligible dependents* under one of the following health insurance plans: 1. Blue Cross/Blue Shield of Michigan Flexible Blue 3 with Flexible Blue Rx Prescription Drug Coverage with a Health Savings Account (hereinafter collectively referred to as the “H.S.A Plan”). The Employer shall pay for the illustrated premium cost of this coverage and make an annual contribution to each participating employee’s Health Savings Account in the amount of $500 for those selecting single coverage and $1,000 for those selecting Employee & Spouse, Employee Child(ren) or Family coverage, or the maximum annual amount the Employer is permitted to pay under Section 3 of the Publicly Funded Health Insurance Contribution Act, Public Act 152 of the Michigan Public Acts of 2011, whichever results in the lesser Employer contribution to the cost of such plan. Employees may, at their option, make additional contributions through bi-weekly pre-tax payroll deduction as permitted by applicable law. 2. Blue Cross/Blue Shield of Michigan Community Blue PPO Option 3 Revised Plan with Blue Preferred Rx Prescription Drug Coverage with a 50% co-pay ($5 floor and a $50 ceiling). Employees shall pay the difference between the illustrated premium cost of this coverage and the amount of the Employer’s total contribution towards the cost of coverage under the H.S.A. Plan as described in Section 1 (a) (1), for the same level of benefit (i.e. single, employee/spouse, employee/child(ren) and family), or pay the difference between the total cost of such coverage and the maximum annual amount the Employer is permitted to pay under Section 3 of the Publicly Funded Health Insurance Contribution Act, Public Act 152 of the Michigan Public Acts of 2011, whichever results in the greater employee contribution. 3. Blue Cross/Blue Shield of Michigan Community Blue PPO Option 6 Revised Plan with Blue Preferred Rx Prescription Drug Coverage with a 50% co-pay ($5 floor and a $50 ceiling). Employees shall pay the difference between the illustrated premium cost of this coverage and the amount of the Employer’s total contribution towards the cost of coverage under the H.S.A. Plan as described in Section 1 (a) (1), for the same level of benefit (i.e. single, employee/spouse, employee/child(ren) and family), or pay the difference between the total cost of such coverage and the maximum annual amount the Employer is permitted to pay under Section 3 of the Publicly Funded Health Insurance Contribution Act, Public Act 152 of the Michigan Public Acts of 2011, whichever results in the greater employee contribution. (a) All coverage under any of the foregoing plans shall be subject to such terms, conditions, exclusions, limitations, deductibles, co-payments premium cost-sharing, and other provisions of the plans. Coverage shall commence on the employee’s ninetieth (90th) day of continuous employment. The employee’s contribution to the cost of such coverage shall be payable on a bi-weekly basis through automatic payroll deduction. (b) To qualify for health care benefits as above described each employee must individually enroll and make proper application for such benefits at the Human Resources Department upon the commencement of his regular employment with the Employer. (c) Except as otherwise provided under the Family and Medical Leave Act, when on an authorized unpaid leave of absence of more than two weeks, the employee will be responsible for paying all his benefit costs for the period he is not on the active payroll. Proper application and arrangements for the payment of such continued benefits must be made at the Human Resources Department prior to the commencement of the leave. If such application and arrangements are not made as herein described, the employee's health care benefits shall automatically terminate upon the effective date of the unpaid leave of absence. (d) Except as otherwise provided under this Agreement and/or under COBRA, an employee's health care benefits shall terminate on the date the employee goes on a leave of absence for more than two weeks, terminates, retires or is laid off. Upon return from a leave of absence or layoff, an employee's health care benefits coverage shall be reinstated commencing with the employee's return. (e) An employee who is on layoff or leave of absence for more than two weeks or who terminates may elect under COBRA to continue the coverage herein provided at his own expense. (f) The Employer reserves the right to change a carrier(s), a plan(s), and/or the manner in which it provides the above benefits, provided that the benefits and conditions are equal to or better than the benefits and conditions outlined above. (g) To be eligible for health care benefits as provided above, an employee must document all coverage available to him under his spouse's medical plan and cooperate in the coordination of coverage to limit the Employer's expense. If an employee’s spouse or eligible dependent children work for an employer who provides medical coverage, they are required to elect medical coverage with their employer, so long as the spouse’s or monthly contribution to the premium does not exceed 20% of the total premium cost of said coverage. The Monroe County Plan shall provide secondary coverage. (h) Each employee is responsible for notifying the Human Resources Department of any change in his status, which might affect his insurance coverage or benefits, such as, marriage, divorce, births, adoptions, deaths, etc.

  • Welfare Benefits Subject to the terms and conditions of this Agreement, for a period of six (6) months following the date of the Involuntary Termination (and an additional twelve (12) months if the Executive provides consulting services under Section 14(f) hereof), the Executive and his dependents shall be provided with group medical benefits which are substantially similar to those provided from time to time to similarly situated active employees of the Company (and their eligible dependents) (“Medical Continuation Benefits”). Without limiting the generality of the foregoing, such Medical Continuation Benefits shall be provided on substantially the same terms and conditions and at the same cost to the Executive as apply to similarly situated active employees of the Company. Such benefits shall be provided in a manner that complies with Treasury Regulation Section 1.409A-1(a)(5). Notwithstanding the foregoing, if Sempra Energy determines in its sole discretion that the Medical Continuation Benefits cannot be provided without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act) or that the provision of Medical Continuation Benefits under this Agreement would subject Sempra Energy or any of its Affiliates to a material tax or penalty, (i) the Executive shall be provided, in lieu thereof, with a taxable monthly payment in an amount equal to the monthly premium that the Executive would be required to pay to continue the Executive’s and his covered dependents’ group medical benefit coverages under COBRA as then in effect (which amount shall be based on the premiums for the first month of COBRA coverage) or (ii) Sempra Energy shall have the authority to amend the Agreement to the limited extent reasonably necessary to avoid such violation of law or tax or penalty and shall use all reasonable efforts to provide the Executive with a comparable benefit that does not violate applicable law or subject Sempra Energy or any of its Affiliates to such tax or penalty.

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Health & Welfare Benefits Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

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