College Contribution Clause Samples

College Contribution. The College will contribute to a fund in the amount of two (2) percent of the annual Association employment salary (based on monthly union dues deduction report) for approved short- and long-term professional and course development activities and assisted leaves as stated in Article 10.
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College Contribution the amount the College contributes to the Section 125 plan to cover a portion of the cost of the insurance benefits package.
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College Contribution. Employee plus Child(ren)/Full Family.‌ 1) For classified members contributing $500 or less to Sec. 125, the College shall contribute $500 annually to the classified member's Sec. 125 account. In addition, the College shall pay a stipend of $1,215 to such classified members no later than February 25 each calendar year.‌ 2) For classified members contributing between‌ $500.01-$1,715.00 to Sec. 125, the College shall match the classified member’s contribution dollar for dollar up to $1,715. In addition, the College shall pay a stipend no later than February 25 each calendar year according to the following formula where x is the amount the classified member contributes annually. ($1,715 – x) = stipend amount. Example: if a classified member contributes $600, the stipend amount will be $1,115 i.e., ($1,715 - $600) = $1,115. 3) For classified members contributing $1,715.01 or more to Sec. 125, the College shall match the classified member’s contribution dollar for dollar up to‌ $1,715. Example: if a classified member contributes $1,800, the College will contribute $1,715
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College Contribution. For employees who are eligible for participation in the College’s retirement plan, the College contribution will be eleven percent (11%) of base wages.
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College Contribution. The College’s contribution per Faculty member shall cease for a Faculty member whose employment ceases or who goes on an unpaid leave of absence, other than a leave of absence under the Family and Medical Leave Act or where health insurance is available under a disability or other applicable program.
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College Contribution. Effective May 1, 2006, the College shall pay 95% of the cost of individual health insurance premiums. The College shall also pay 70% of the cost of dependent coverage for any member who elects dependent coverage. The employee shall pay the additional 30% off the cost of dependent coverage. The employee's portion of the cost will be made through bi-weekly payroll deductions. For example, assuming family coverage costs $13,626.72 annually, and individual coverage costs $5,106.24 annually, a unit member enrolled in family would pay $2,632.74 of the cost of the family coverage premiums. This was calculated as follows: $4,850.93 (95% individual) $13,626.72 (Cost of family plan) $4,850.93 (95% of individual plan) - $8,775.79 • $8,775.79 x 70% $6,143.05 For an employee enrolled in a two-person plan, the calculation will be based on the difference between the two-person plan and the individual plan. Deleted
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College Contribution. The Board will contribute to the total annual cost associated with the College’s medical benefit plans an amount consistent with its elected method of compliance with Public Act 152 of 2011, being the Publicly Funded Health Insurance Contribution Act. The College will pay the maximum amount permitted by the Department of Treasury annually using ▇▇▇▇▇▇▇ College’s elected method of complying with Public Act 152 of 2011, being the Publicly Funded Health Insurance Contribution Act. Any amount in excess of the amounts permitted by ▇▇▇▇▇▇▇ College’s elected method of complying with PA 152 of 2011 shall be the responsibility of the employee. a. All employee contributions will be deducted from wages pre-tax in accordance with the College's premium only plan (POP).
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College Contribution. Employee Only‌ 1) For classified members contributing $500 or less to Sec. 125, the College shall contribute $500 annually to the classified member’s Sec. 125 account. In addition, the College shall pay a stipend of $170 to such classified members no later than February 25 each calendar year.‌ 2) For classified members contributing between‌ $500.01-$670.00 to Sec. 125, the College shall match the classified member’s contribution dollar for dollar up to $670.00. In addition, the College shall pay a stipend no later than February 25 each calendar year according to the following formula where x is the amount the classified member contributes annually. ($670 – x) = stipend amount. Example: if a classified member contributes $600, the stipend amount will be 70 i.e., ($670 - $600) = $70. 3) For classified members contributing $670 or more to Sec. 125, the College shall match the classified member’s contribution dollar for dollar up to $670. Example: if a classified member contributes $670, the College will contribute $670.‌
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Related to College Contribution

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • The Contribution Prior to the Effective Time, and subject to the terms and conditions set forth in the Distribution Agreement, Grace intends to cause the transfer to a wholly owned subsidiary of Grace-Conn. ("Packco") of certain assets and liabilities of Grace and its subsidiaries predominantly related to the Packaging Business (the "Contribution"), as contemplated by the Distribution Agreement and the Other Agreements.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.