Board Benefit Dollars Sample Clauses

Board Benefit Dollars. Effective January 1, 2019, the Board provided employee benefit dollars shall be computed as follows for each calendar year during the term of this Agreement: Health Insurance Calendar Year 2019 (01/01/2019 – 12/31/2019) Single: $9,147.24 Family $14,480.32 Health Insurance Calendar Years 2020 through 2022: For calendar years 2020 through 2022, the health insurance premium will be compared to the health insurance premium of the most recent calendar year. If the health insurance premium increase is 5% or less, then 1% will be added to the defined contribution for that calendar year. If the health insurance premium increase is greater than 5%, then 2% will be added to the defined contributions for that calendar year.
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Board Benefit Dollars. Effective July 1, 2013, the Board provided employee benefit dollars shall be computed as follows: Health Insurance Calendar Year 2016 (01/01/2016 – 12/31/2016) Single: $ 8,878.00 Family: $ 14,054.00 Health Insurance Calendar Year 2017 (01/01/2017 – 12/31/2017) Single: $ 8,967.00 (0-5% medical premium Family $ 14,195.00 increase) Single: $ 9,056.00 ( 5% + medical premium Family: $ 14,335.00 increase) 59 Health Insurance Calendar Year 2018 (01/01/2018 – 12/31/2018) If the medical premium increase is 5% or less, then 1% will be added to the defined contribution from 2017. If the medical premium increase is greater then 5%, then 2% will be added to the defined contributions from 2017. (Revised 2015) Bargaining unit employees shall be permitted to switch, on an annual basis, from the HDHP and the PPO Plan during this Agreement and any extensions thereof.

Related to Board Benefit Dollars

  • Salary, Bonus and Benefits During the Employment Period, Employer will pay Executive a base salary (the “Annual Base Salary”) of $165,000 per annum, subject to any increases as determined by the Board based upon the Company’s achievements of budgetary and other objectives set by the Board. For any fiscal year, Executive shall be eligible for an annual bonus of up to 50% of the Executive’s then applicable Annual Base Salary based upon the achievement by the Company, Employer and their Subsidiaries of budgetary and other objectives set by the Board; provided that with respect to the first year for which Executive is eligible for a bonus, such bonus shall be paid on a pro rata basis based upon that portion of the year that remained after the date of this Agreement. In addition, during the Employment Period, Executive will be entitled to such other benefits approved by the Board and made available to the senior management of the Company, Employer and their Subsidiaries.

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