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VEBA III definition

VEBA III. The District will prepare and submit to the Board of Directors resolutions to adopt the VEBA III Retirement Sick Leave and Annual Sick Leave Conversion Plan. The Association, with an annual vote of fifty- one percent (51%) of the Association, will be allowed to participate in such plans once adopted by the Board in accordance with law and regulations. The Association agrees to provide annual survey packets to those members deemed eligible. The District agrees to make contributions to the plan on behalf of all Principals in the group eligible to participate in the plan by reason of having sick leave conversion rights. It is understood that all eligible Principals will be required to sign and submit to the District annually a hold harmless agreement complying with the statute. Should an eligible Principal fail to sign and submit such an agreement, he/she shall be ineligible to participate at any time during the term of this Agreement. Any and all excess sick leave which in the absence of this Agreement would accrue to such Principal during the term hereof shall be forfeited together with all cash-conversion rights that pertain to such excess sick leave.
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Examples of VEBA III in a sentence

  • The District agrees to provide its employees the benefits of the VEBA III retirement medical plan in accordance with RCW 28A.400.210 and WAC 392.136.

  • If the Association and the District elect to adopt the VEBA III Sick Leave Conversion Medical Reimbursement Plan pursuant to RCW 28A.400.210, then the VEBA III agreement adopted for the current year will determine how accumulated sick leave and personal leave will be converted.

  • The District has adopted the VEBA III Sick Leave Conversion Medical Reimbursement Plan (the "Plan") pursuant to RCW 28A.400.210 and agrees to make contributions to the Plan on behalf of all employees in the group who are eligible to participate in the Plan by reason of having excess sick leave conversion rights.

  • If the Association or the District elects not to adopt the VEBA III plan, then conversion of accumulated sick leave will take place in the following manner: In January of the year following any year in which a minimum of sixty days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury in excess of sixty days at the rate of four days for every one day's monetary compensation.

  • If all ballots are returned and a majority who are eligible agree to participate, then the District Office will enroll the qualified employees in VEBA III and make arrangements as necessary for the transfer of sick leave to VEBA III accounts.

  • The Association shall notify the District of its intention to participate in VEBA III Plan, annually, prior to December 31 of each year.

  • VEBA III is available to employees under the rules of the VEBA plan.

  • The District shall offer the VEBA III Sick Leave Conversion Medical Reimbursement Plan, RCW 28A.400.210 and WAC 392.136, and agrees to make contributions to the Plan on behalf of eligible employees, based on the conversion value of sick leave days accrued and available to them at retirement.

  • The Association shall notify the District of its intention to participate in VEBA III plan, annually, prior to December 31 of each year.

  • Alternatively, an eligible employee may request non-monetary remuneration at the same rate in the form of post-retirement medical benefits as provided by VEBA III or other qualifying program offered by the District.

Related to VEBA III

  • VEBA means a voluntary employees' beneficiary association under IRC Section 501(c)(9).

  • RemainCo shall have the meaning set forth in the Preamble.

  • Nonparticipating Financial Institution means a nonparticipating FFI, as that term is defined in relevant U.S. Treasury Regulations, but does not include a [FATCA Partner] Financial Institution or other Partner Jurisdiction Financial Institution other than a Financial Institution identified as a Nonparticipating Financial Institution pursuant to paragraph 2 of Article 5.

  • DPSP means a deferred profit sharing plan within the meaning of the Tax Act;

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Non-Participating Hospital means an Administrator Hospital that does not meet the definition of a Participating Hospital.

  • Non-Participating Home Infusion Therapy Provider means a Home Infusion Therapy Provider who does not have a written agreement with the Claim Administrator or another Blue Cross and/or Blue Shield Plan to provide services to you at the time services are rendered.

  • COP means Code of Practice.

  • Participating Financial Institution means a financial institution participating in Interac e-Transfer Services, Online Payment Services, or Western Union Services, as the case may be.

  • Canadian Benchmark means the applicable Canadian Benchmark Replacement to the extent that such Canadian Benchmark Replacement has replaced such prior benchmark rate. Any reference to “Canadian Benchmark” shall include, as applicable, the published component used in the calculation thereof.

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • RQFII means a Renminbi qualified foreign institutional investor approved pursuant to the relevant PRC regulations (as amended from time to time).

  • Soda fountain means a place especially equipped

  • Canadian Pension Plans means each pension plan required to be registered under Canadian federal or provincial law that is maintained or contributed to by a Credit Party for its employees or former employees, but does not include the Canada Pension Plan or the Quebec Pension Plan as maintained by the Government of Canada or the Province of Quebec, respectively.

  • Non-participating private hospital means a hospital that does not have a hospital purchaser provider agreement with Latrobe. (If you use a non-participating private hospital you may incur a large out-of- pocket expense.)

  • ESBD means the Electronic State Business Daily, the electronic marketplace where State of Texas bid opportunities over $25,000 are posted. The ESBD may currently be accessed at http://www.txsmartbuy.com/esbd.

  • Graham + Sibbald /"we"/"us"/"our" means Graham + Sibbald LLP, a limited liability partnership incorporated in Scotland (Registered Number SO307130) and having its registered office address at Seabraes House, 18 Greenmarket, Dundee, DD1 4QB.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • DPS means the Department of Public Safety of the State of Texas, a state agency in the executive branch created under Tex. Gov’t Code Ch. 411.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • In loco parentis means relating to the responsibility to undertake the care and control of another person in the absence of:

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • Seller 401(k) Plan has the meaning set forth in Section 6(e) below.

  • Canadian Pension Plan means a pension plan or plan that is subject to applicable pension benefits legislation in any jurisdiction of Canada and that is organized and administered to provide pensions, pension benefits or retirement benefits for employees and former employees of any Loan Party or any Subsidiary thereof.

  • Section 385 Controlled Partnership has the meaning set forth in Treasury Regulation Section 1.385-1(c)(1) for a “controlled partnership”.

  • New Holding Company means a corporation that is not a bank, association, or national banking association and as to which all of the following apply:

Most Referenced Clauses

Most Referenced Definitions