Employer Paid Benefits definition

Employer Paid Benefits means a proportionate contribution toward retirement, workers' compensation, Social Security, and Medicare.
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Employer Paid Benefits. Employees who had one hundred percent (100%) employer paid benefits coverage as of December 31, 2010 and who are currently regular employees shall have their benefit costs reimbursed upon ratification and shall continue to have their extended health and dental covered at one hundred percent (100%) by the Employer. MEMORANDUM OF AGREEMENT 2 Afternoon and Graveyard Workers Previously paid eight (8) hours for: Vacation Paid holidays Leaves (including sick leave) union leave, special leave and all other paid leaves The parties agree to grandparent the practise of paying eight (8) hours for vacation, paid holidays, and leaves to those regular employees who have been previously paid under this practise. LETTER OF UNDERSTANDING
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Employer Paid Benefits. Employees who had one hundred percent (100%) employer paid benefits coverage as of December 31, 2010 and who are currently regular employees shall have their benefit costs reimbursed upon ratification and shall continue to have their extended health and dental covered at one hundred percent (100%) by the Employer. MEMORANDUM OF AGREEMENT 2 Afternoon and Graveyard Workers Previously paid eight (8) hours for: Vacation Paid holidays Leaves (including sick leave) union leave, special leave and all other paid leaves The parties agree to grandparent the practise of paying eight (8) hours for vacation, paid holidays, and leaves to those regular employees who have been previously paid under this practise. LETTER OF UNDERSTANDING The Assisted Living Building Server Position Exceptional Hours of Work The parties agree that the current practise of scheduling servers in the Assisted Living building for eight and one-half (8½) hours with one-half (½) hour unpaid break without incurring overtime will continue until negotiated otherwise. moveup
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Examples of Employer Paid Benefits in a sentence

  • If you fail to enroll when you are first eligible to do so, you may be required to pass medical underwriting before you may enroll in the Employer Paid Benefits.

  • The eligibility conditions and the entry date for the Employer Paid Benefits are the same as those for the Plan, as described in Section (2) above.

  • To become a Participant in the Employer Paid Benefits, you must enroll using the form or forms provided by the Plan Administrator.

  • In the event you have a claim for benefits under the Employer Paid Benefits, you should follow the procedures outlined in the materials prepared by the insurance company.

  • Your coverage for benefits under the Employer Paid Benefits ends with the termination of your participation.

  • The monthly premiums for insurance coverage under the Employer Paid Benefits are determined by above-listed insurance company and may change from time to time.

  • Total Employer Paid Benefits: The total of all employer paid benefits.3. Total Employee Gross: This should equal item 6 on page 2 of this guide.4. Total Compensation: This is your gross plus any employer paid benefits.5. Current: The current pay-periods benefits.6. Year to Date: Total of all employer paid benefits for the calendar year up through the current pay period.

  • Employer Paid Benefits and Insurance - Includes general municipal pension system state aid from the Commonwealth of Pennsylvania.

  • If you are an Eligible Employee, you will be automatically covered under any Employer Paid Benefits.

  • Schedule 3-1: Employer Paid Benefits •Determine what benefits will be provided and how much they will cost.

Related to Employer Paid Benefits

  • Covered benefits or “benefits” means those health care services to which a covered person is entitled under the terms of a health benefit plan.

  • Accrued Benefits shall include the following amounts, payable as described herein: (i) all base salary for the time period ending with the Termination Date; (ii) reimbursement for any and all monies advanced in connection with the Executive's employment for reasonable and necessary expenses incurred by the Executive on behalf of the Company and its Affiliates for the time period ending with the Termination Date; (iii) any and all other cash earned through the Termination Date and deferred at the election of the Executive or pursuant to any deferred compensation plan then in effect; (iv) notwithstanding any provision of any bonus or incentive compensation plan applicable to the Executive, a lump sum amount, in cash, equal to the sum of (A) any bonus or incentive compensation that has been allocated or awarded to the Executive for a fiscal year or other measuring period under the plan that ends prior to the Termination Date but has not yet been paid (pursuant to Section 5(f) or otherwise) and (B) a pro rata portion to the Termination Date of the aggregate value of all contingent bonus or incentive compensation awards to the Executive for all uncompleted periods under the plan calculated as to each such award as if the Goals with respect to such bonus or incentive compensation award had been attained; and (v) all other payments and benefits to which the Executive (or in the event of the Executive's death, the Executive's surviving spouse or other beneficiary) may be entitled as compensatory fringe benefits or under the terms of any benefit plan of the Employer, including severance payments under the Employer's severance policies and practices in the form most favorable to the Executive that were in effect at any time during the 180-day period prior to the Effective Date. Payment of Accrued Benefits shall be made promptly in accordance with the Employer's prevailing practice with respect to clauses (i) and (ii) or, with respect to clauses (iii), (iv) and (v), pursuant to the terms of the benefit plan or practice establishing such benefits.

  • Vested Benefits means amounts that are vested or that Executive is otherwise entitled to receive, without the performance by Executive of further services or the resolution of a contingency, under the terms of or in accordance with any investment and savings plan or retirement plan (including any plan providing retiree medical benefits) of the Company or its affiliates, and any ERPs or ESPs related thereto, and any deferred compensation or employee stock purchase plan or similar plan or program of the Company or its affiliates.

  • Employment benefits means all benefits provided or made

  • Termination Benefits means the benefits described in Section 4.1(b).

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Severance Benefits mean the payment of severance compensation as provided in Section 2.3 herein.

  • Extended benefits means benefits, including benefits payable to federal civilian employees and to ex-servicemen under 5 U.S.C. Chapter 85, payable to an individual under the provisions of this section for weeks of unemployment in his eligibility period.

  • Separation Benefits has the meaning accorded such term in Section 3.04.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Disability benefit recipient means a member who is receiving a disability benefit.

  • Compensation and Benefit Plans has the meaning set forth in Section 5.03(m).

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • Medical Benefits means medical, optical, or dental benefits, including, but not limited to, hospital and physician services, prescription drugs, and related benefits.

  • Medical Benefits Schedule means the Medicare Schedule of Benefits produced by the Department of Health to which all fees and benefits relate for inpatient hospital services.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Change in Control Benefits means the following benefits:

  • Accrued Compensation means an amount which shall include all amounts earned or accrued through the "Termination Date" (as hereinafter defined) but not paid as of the Termination Date, including (i) base salary, (ii) reimbursement for reasonable and necessary expenses incurred by the Executive on behalf of the Company during the period ending on the Termination Date, (iii) vacation pay and (iv) bonuses and incentive compensation (other than the "Pro Rata Bonus" (as hereinafter defined)).

  • Disability allowance means monthly payments during

  • Excepted benefits means benefits under one or more (or any combination thereof) of the following:

  • Disability benefits means any cash payments which are payable to a covered individual for all or part of a period of disability pursuant to P.L.1948, c.110 (C.43:21-25 et al.).

  • Termination Benefit means the benefit set forth in Article 7.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

  • Annual Benefit Limit means the maximum amount of benefits paid by the Company to the Policy Holder in a Policy Year irrespective of whether any limits of any benefit items stated in the Benefit Schedule have been reached. The Annual Benefit Limit is counted afresh in a new Policy Year.