ALTERNATE COMPENSATION PROGRAM Sample Clauses
The Alternate Compensation Program clause establishes a mechanism for providing compensation to parties through means other than the standard payment structure outlined in the agreement. This may involve offering alternative forms of payment, such as credits, services, or other benefits, in situations where traditional monetary compensation is not feasible or appropriate. By including this clause, the contract allows flexibility in addressing unique circumstances, ensuring that parties are fairly compensated even when standard payment methods cannot be used.
ALTERNATE COMPENSATION PROGRAM. 1901 Section 1 - Participation 1902 Participation is open to full-time and part-time employees who are eligible for the Employer-paid health plan and other benefits under the labor agreement. Enrollment will be for a minimum of one (1) calendar year beginning with the first (1st) pay period of the year. Employees choosing to participate in the ACP will be required to enroll during the annual open enrollment period.
ALTERNATE COMPENSATION PROGRAM. 236 A Benefit-eligible Employee scheduled to work twenty (20) or more hours per week who can verify that he/she has medical coverage from a source other than his/her benefited status with ▇▇▇▇▇▇ Permanente shall have the option of voluntarily participating in the Alternate Compensation Program which includes a 20% differential in lieu of benefits (Statewide Appendix C).
ALTERNATE COMPENSATION PROGRAM. 2301 ACP Eligibility 2302 A Registered Nurse who is regularly scheduled to work twenty (20) hours or more per week has the option to participate in the Alternate Compensation Program (ACP). 2303 ACP Coverage 2304 ACP is an optional benefit program, which provides an eligible Registered Nurse with a twenty percent (20%) wage rate differential in exchange for his or her choice to waive participation in certain benefit plans. However, compensated hours while in the ACP will count as pension Service and Credited Service for a Registered Nurse participating in the KPSCEPP. Final Average Monthly Compensation for pension calculations excludes differentials and will, therefore, be calculated solely on the base wage rate.