Examples of Tier 3 Employee in a sentence
A cash payment equal to the annual base salary as in effect immediately prior to the Severance Date, multiplied by (A) in the case of a Tier 1 Employee, 2.0, (B) in the case of a Tier 2 Employee, 1.0, and (C) in the case of a Tier 3 Employee, 0.5. For purposes of this Section 2.1(a)(i), annual base salary shall be the amount in effect immediately prior to the Severance Date without regard to any voluntary salary reductions that may be in effect immediately prior to the Severance Date.
Subject to the provisions of Sections 2.3 through 2.9 and a timely election pursuant to COBRA by aTier 1 Employee, Tier 2 Employee or Tier 3 Employee, during the applicable Continuation Period the Company shall pay the full cost for continued coverage pursuant to COBRA, for the Participant and the Participant’s eligible dependents, under the Employer’s group health plans in which the Participant participated immediately prior to the date of termination of the Participant’s employment.
Incorporating Potential Costs of Tier 3 Employee Pensions into Future BudgetsAs part of the FY2018 State budget adopted by the Illinois General Assembly on July 7, 2017, a new Tier 3 level of benefits for new employees in the State Universities Retirement System (SURS) and other State sponsored pension plans was established.
A state officer candidate must have held one of the following six offices prior to running for state office: President, Vice-President, Secretary, Treasurer, Reporter, and Sergeant-at-Arms.
Flexible Spending: (Health Insurance) Increase of $200 per month of employer contributions toward Tier 2 (Employee + 1) and Tier 3 (Employee + Family) premiums.