CERTIFICATED EMPLOYEE BENEFITS Sample Clauses

CERTIFICATED EMPLOYEE BENEFITS. A. Effective October 1, 2022 payroll, the District will contribute one thousand one hundred dollars ($1,100.00) per month ($13,200.00 per complete year) for all full time unit members toward the purchase of District approved insurance plans. In the event that the lowest premium employee only medical insurance plan offered to employees exceeds the amount in the above paragraph, the District agrees to increase the contribution in the above paragraph to an amount equal to the cost of that plan, effective on the date of the increase. Should the increase raise the employee only cost of the lowest premium medical plan above $1,100.00 per month ($13,200.00 per year), the District may, at its discretion, elect to reopen negotiations on this article instead of increasing its contribution above $1,100.00 per month ($13,200.00 per year) for all full time unit members, toward the purchase of District approved insurance plans. The District may, at its discretion, increase the District’s contribution level. The District will give employees advanced notification of this contribution increase prior to open enrollment. Effective with the Open Enrollment period for coverage in the 2008 calendar year, each eligible employee shall be required to enroll in the District-selected health and welfare program. However, the District shall permit an eligible employee to opt out of the District’s medical health and welfare program if the eligible employee can provide sufficient proof to the District of other group health insurance coverage. Notwithstanding the paragraph above, employees hired on or after January 1, 2012, may not opt out of medical coverage if this enrollment provision is required by the District’s healthcare plan provider. If, during open enrollment, a unit member selects medical, dental, or vision, insurance coverage which costs more than the per month District contribution listed above, the unit member will be responsible for the additional costs. If the cost for District offered medical, dental, or vision, insurance coverage exceeds the District contribution level for insurance benefits, then the unit members will be responsible for the additional costs over the District contribution level. Any administrative fees charged by the District’s healthcare plan provider will be incorporated into insurance rates approved by the District. If any change in these administrative fees is proposed after rates are set, the District agrees to meet and confer with CUTA to determin...
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CERTIFICATED EMPLOYEE BENEFITS. Benefits for Xxxxxxxx Charter School certificated staff members shall be as provided in Article XXII, of this Agreement.
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Related to CERTIFICATED EMPLOYEE BENEFITS

  • Employee Benefits During the Employment Term, Executive will be entitled to participate in the employee benefit plans currently and hereafter maintained by the Company of general applicability to other senior executives of the Company. The Company reserves the right to cancel or change the benefit plans and programs it offers to its employees at any time.

  • Retiree Benefits Employees retiring on or after January 1, 2006 will be eligible for retiree benefits as presented to the Union Negotiation Committee during discussions for renewal of the Collective Agreements that expired December 31, 2002.

  • Employee Benefit Plans Except as could not reasonably be expected to have a Material Adverse Effect, (a) Borrower, each of its Subsidiaries and each of their respective ERISA Affiliates are in compliance with all applicable provisions and requirements of ERISA and the Internal Revenue Code and the regulations and published interpretations thereunder with respect to each Employee Benefit Plan, and have performed all their obligations under each Employee Benefit Plan, (b) each Employee Benefit Plan which is intended to qualify under Section 401(a) of the Internal Revenue Code has received a favorable determination letter from the Internal Revenue Service indicating that such Employee Benefit Plan is so qualified and, to the knowledge of Borrower, nothing has occurred subsequent to the issuance of such determination letter which would cause such Employee Benefit Plan to lose its qualified status, (c) no liability to the PBGC (other than required premium payments), the Internal Revenue Service, any Employee Benefit Plan or any trust established under Title IV of ERISA has been or is expected to be incurred by Borrower, any of its Subsidiaries or any of their ERISA Affiliates, (d) no ERISA Event has occurred or is reasonably expected to occur and (e) except to the extent required under Section 4980B of the Internal Revenue Code or similar state laws, no Employee Benefit Plan provides health or welfare benefits (through the purchase of insurance or otherwise) for any retired or former employee of Borrower, any of its Subsidiaries or any of their respective ERISA Affiliates. The present value of the aggregate benefit liabilities under each Pension Plan sponsored, maintained or contributed to by Borrower, any of its Subsidiaries or any of their ERISA Affiliates (determined as of the end of the most recent plan year on the basis of the actuarial assumptions specified for funding purposes in the most recent actuarial valuation for such Pension Plan), did not exceed the then-current aggregate value of the assets of such Pension Plan by more than $150,000,000. As of the most recent valuation date for each Multiemployer Plan for which the actuarial report is available, the potential liability of Borrower, its Subsidiaries and their respective ERISA Affiliates for a complete withdrawal from such Multiemployer Plan (within the meaning of Section 4203 of ERISA), when aggregated with such potential liability for a complete withdrawal from all Multiemployer Plans, based on information available pursuant to Section 4221(e) of ERISA, is not more than $150,000,000. Except as could not reasonably be expected to have a Material Adverse Effect, Borrower, each of its Subsidiaries and each of their ERISA Affiliates have complied with the requirements of Section 515 of ERISA with respect to each Multiemployer Plan and are not in “default” (as defined in Section 4219(c)(5) of ERISA) with respect to payments to a Multiemployer Plan.

  • WELFARE BENEFITS Subject to the terms and conditions of this Agreement, for a period of twelve (12) months following the date of Involuntary Termination (and an additional twelve (12) months if the Executive provides consulting services under Section 14(f) hereof), the Executive and his dependents shall be provided with life, disability, accident and group medical benefits which are substantially similar to those provided to the Executive and his dependents immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Without limiting the generality of the foregoing, the continuing benefits described in the preceding sentence shall be provided on substantially the same terms and conditions and at the same cost to the Executive as in effect immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Such benefits shall be provided in a manner that complies with Treasury Regulation Section 1.409A-1(a)(5). Notwithstanding the foregoing, if Sempra Energy determines in its sole discretion that the portion of the foregoing continuing benefits that constitute group medical benefits cannot be provided without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act) or that the provision of such group medical benefits under this Agreement would subject Sempra Energy or any of its Affiliates to a material tax or penalty, (i) the Executive shall be provided, in lieu thereof, with a taxable monthly payment in an amount equal to the monthly premium that the Executive would be required to pay to continue the Executive’s and his covered dependents’ group medical benefit coverages under COBRA as then in effect (which amount shall be based on the premiums for the first month of COBRA coverage) or (ii) Sempra Energy shall have the authority to amend the Agreement to the limited extent reasonably necessary to avoid such violation of law or tax or penalty and shall use all reasonable efforts to provide the Executive with a comparable benefit that does not violate applicable law or subject Sempra Energy or any of its Affiliates to such tax or penalty.

  • Defined Benefit Plan A plan under which a Participant’s benefit is determined by a formula contained in the plan and no Employee accounts are maintained for Participants.

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