Core Plan definition
Examples of Core Plan in a sentence
The Bank shall not make any changes to any Core Plan that would materially and adversely affect Executive’s rights or benefits under such plan unless such changes are made applicable to all non-probationary full-time employees of the Bank on a non-discriminatory basis.
Nothing paid to Executive under any Core Plan or any 401(k) Plan or ESOP shall be deemed to be in lieu of any other compensation that Executive is entitled to receive under this Agreement.
If the employee elects medical coverage, then the employee must participate in a dental plan option and the vision insurance (Core Plan) effective the month following ratification of this agreement.
Nothing paid to Executive under any Core Plan or any 401(k) Plan shall be deemed to be in lieu of any other compensation that Executive is entitled to receive under this Agreement.
The College shall pay 70% or 80% of the medical premium equivalent for the Core Plan (UHC Core Plus Choice Plan).
The faculty member shall pay 20% or 30% of the premium equivalent for the Core Plan.
For a Core Plan married couple, both of whom are employed by the school district, the Board will pay all but one dollar ($1.00) of the premium, and the teacher in whose name the family membership is written will pay one dollar ($1.00) of the premium.
For a teacher with a Core Plan family membership, the Board will contribute an amount equal to eighty- five percent (85%) of the premium and the teacher shall contribute an amount equal to fifteen percent (15%) of the premium.
For a teacher with a Core Plan single membership, the Board will contribute an amount equal to the cost of the premium except for one dollar ($1.00) to be paid annually by the teacher.
The Board will pay 42.5% of the total Core Plan premium for half-time employees.