Employer Share definition

Employer Share means a Share issued as an Employer Share in accordance with clause 4.
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Examples of Employer Share in a sentence

  • Effective January 1, 2017, deductible amounts and employee contributions shall be equal for all participating employees, and shall be as follows: Family Plan: $6,000 Deductible Employer Share = $3,000 Employee Share = $3,000 Individual Plan: $3,000 Deductible Employer Share = $1,500 Employee Share = $1,500 Effective January 1, 2017, the Town agrees to advance the monetary amounts of said deductible ($6,000 family or $3,000 individual) to a prepaid debit card that shall be issued to each member.

  • The contractor will be paid salary package per month shall b as under: Gross Salary 14500/- Employee Share 1740/- Net Salary Payable 12760/- Employer Share 1937/- CTC 16437/- 2 The contractor will be required to deposit a sum of Rs. 8218/-(Rupees Eight thousand two hundred eighteen only) as security for faithful execution of the contract which will be recovered from the salary for the first month.

  • To seek reimbursement in arrears for the Employer Share of Cost (the plan’s monthly premium minus the employee’s required monthly contribution), the employee shall submit proof of payment and invoice for each month to the Benefits Unit.

  • The breakup of lump sum remuneration payable to contractor will be as under: Basic Pay 10350/- HRA 1553/- Medical Allowance 1036/- EPF Deduction 1242/- Employer Share 1347/- The salary will be paid only on receipt of attendance and funds from the HP Government.

  • Effective January 1, 2017, deductible amounts and employee contributions shall be equal for all participating employees, and shall be as follows: Family Plan: $6,000 Deductible Employer Share = $3,000 Employee Share = $3,000 Individual Plan: $3,000 Deductible Effective January 1, 2017, the Town agrees to advance the monetary amounts of said deductible ($6,000 family or $3,000 individual) to a prepaid debit card that shall be issued to each member.

  • If the premium for ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ is not at least 5% below the Blue Choice premiums the employee and employer’s percentage cost of the premiums shall be the same as those for Comp 100-MC and Blue Choice as set forth above: Year Employer Share Employee Share 2014-2015 84.5% 15.5% On March 13, 2015/Pay Period 13, the teachers shall move to two health care plans Blue Choice $5.00 co-pay RX 10/20/45 (80%/20%) premium split and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Blue $5.00 co-pay RX 3/15/1 (84.5%/15.5%) premium split.

  • The breakup of lump sum remuneration payable to contractor will be as under: Basic Pay 8636/- HRA 1295/- Medical Allowance 865/- EPF Deduction 1036/- Employer Share 1109/- The salary will be paid only on receipt of attendance and funds from the HP Government.

  • The premium share for the Comp 100-MC, Blue Choice One, and the new Blue Choice optional plans shall be as follows: Year Employer Share Employee Share 2014-2015 80% 20% The School Board will offer employees the option of electing health insurance under the ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Plan and the new optional ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ plan so long as it is offered by the NHMA Health Insurance Trust.

  • Payment for benefits will continue for employees in receipt of benefits in accordance with Article In the event an employee is absent without pay for any reason for a period in excess of twelve months, the employer’s share of ben- efit costs will be reduced on a pro-rated basis as follows: Employer Share number of in the month x monthly cost of benefit For the purposes of this article, an employee is considered absent without pay when not in receipt of normal daily wages from the Company.

  • The retiree is solely responsible for the costs of all premiums above the Employer Share.

Related to Employer Share

  • Employer Stock means securities of the Employer which constitute "qualifying employer securities" with respect to the Plan within the meaning of Section 407 of ERISA.

  • Employer contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Qualified Nonelective Contributions means contributions other than Matching Contributions or Qualified Matching Contributions) made by the Employer and allocated to participants’ accounts that the participants may not elect to receive in cash until distributed from the Plan; that are nonforfeitable when made to the Plan; and that are distributable only in accordance with the distribution provisions (other than for hardships) applicable to Pre-Tax Contributions.

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).