CORE PLAN Sample Clauses

CORE PLAN. Employees who elect Option A to participate in the County sponsored medical plan will receive the County health benefits flex contribution (as specified below) to be utilized to purchase their selected medical plan and cannot be cashed out. In the event that an employee selects a medical plan that results in an excess County contribution, that excess contribution will be deemed a non-health flex contribution that may be taken as taxable income or applied to pre- tax dental, vision or other alternative approved benefits. Should an employee decline County sponsored medical coverage, such employee will receive a cash-in-lieu payment if the employee complies with the requirements outlined in Option B below. The County will pay to Employee's Flexible Benefit Account the following amounts for employees who election Option A: Employee Only $517.78 Employee Plus One $976.30 Family $1,262.41 The above amounts includes the PEMHCA minimum which is paid outside of the County’s Section 125 plan. Employees, regardless of medical plan participation status, are eligible to enroll in the County’s dental and/or vision programs. Employee contributions for dental and vision will be deducted from employee’s regular payroll on a pre-tax basis. Employees that have elected Option A can also elect to participate in optional benefits. If the employee has any surplus Flexible Benefit Account credits after making all elections required to participate in the health insurance, the employee can use that surplus toward the Flexible Benefit Options listed in the Flexible Benefit Options Exhibit. Employees that wish to participate in the optional benefits in the plan, with the exception of the cash back option, but do not have any surplus credits, can elect to have pre-tax payroll deductions in an amount to cover the cost of their elections. Option B - FLEXIBLE BENEFIT OPTIONS Employees who decline County sponsored medical coverage and elect Option B must provide the following in order to receive the cash-in-lieu:
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CORE PLAN. In addition to the amounts set forth below, the City will pay a PERS Health Contribution of $160/month of the premium for the medical coverage selected through PERS. If the employee elects dental coverage, then the employee must participate in a vision plan option. The City will pay to the Employee’s Flexible Benefit Account the following amounts: JANUARY 1, 2023 Employee only $706.69 Employee plus one (child) $1482.29 Employee plus (spouse) $1466.15 Family $1903.29 Total City contributions equal: JANUARY 1, 2023 Employee only $866.69 Employee plus one (child) $1642.29 Employee plus one (spouse) $1626.15 Family $2063.29 Effective January 1, 2024, and each January 1st thereafter, the City contributions to the Employee Flexible Benefit Account set forth above will be increased by an amount equal to 50% of the increase in the PERS Gold Medical Plan. In addition, the City contributions set forth above will be increased by an amount equal to 50% of the increase in the City’s dental and vision plans at the point of any increase during the term of this Agreement.
CORE PLAN. In addition to the amounts set forth below, the City will pay a Retirement Health Contribution of $160/month of the premium for the medical coverage selected through NCGTSF. If the employee elects dental coverage, then the employee must participate in a vision plan option. Unit members have elected to pursue medical coverage offered by the Northern California General Teamsters Security Fund (NCGTSF) and to withdraw from PORAC-PERS or PERS Medical Plans, effective January 1, 2019. POA members understand that the Unit is not eligible to return to PORAC-PERS Medical or PERS Medical for a minimum period of (5) five years after leaving PERS. The POA has conducted its own research regarding the plans offered, costs, benefits, solvency, claims process, etc. of the NCGTSF Medical Plan and have satisfied themselves in that regard. The City makes no claims, representations or warranties of any kind regarding the plans offered, cost, benefits, solvency, claims process, etc. of the NCGTSF Medical Plan. The POA understands that NCGTSF is a private entity and in the event of insolvency, there likely will be no government bailout funds available. The POA represents that is has obtained the unanimous consent of all of its current members and eligible annuitants (retirees) to withdraw from PERS. The POA acknowledges and understands that after the Resolution withdrawing from PERS has been submitted all employees, annuitants and COBRA enrollees will lose their eligibility for PERS health benefits. The City will pay to the Employee’s Flexible Benefit Account the following amounts: JULY 1, 2023 Employee only $602.54 Employee plus one (child) $1068.18 Employee plus (spouse) $1054.04 Family $ Total City contributions equal: JULY 1, 2023 Employee only $762.54 Employee plus one (child) $1228.18 Employee plus one (spouse) $1214.04 Family $ 1536.50 Effective January 1, 2024, and each January 1st thereafter, the City contributions to the Employee Flexible Benefit Account set forth above will be increased by an amount equal to 50% of the increase in the NCGTSF medical plan. In addition, the City contributions set forth above will be increased by an amount equal to 50% of the increase in the City’s dental and vision plans at the point of any increase during the term of this Agreement.
CORE PLAN. If you die, the Life Insurance Core Plan pays your beneficiary a benefit equal to your basic annual salary. In addition, AD&D benefits are paid if you die in an accident or lose sight, speech, hearing or limbs. Instead of Core Plan coverage, you may elect either higher or lower levels of life insurance benefits:
CORE PLAN. During the term of this contract the County shall pay the amounts set forth below toward premium for health insurance coverage elected through PERS. These amounts are inclusive of the PERS minimum health contribution. If the employee elects medical coverage, then the employee must participate in a dental plan option and the vision insurance (Core Plan) effective the month following ratification of this agreement. The County will pay to Employee's Flexible Benefit Account the following amounts: January 2009 Employee Only $462.78 Employee Plus One $921.30 Family $1,207.41 Employees that have elected to participate in the "Core Plan" can also elect to participate in optional benefits. If the employee has any surplus Flexible Benefit Account credits after making all elections required to participate in the health insurance, the employee can use that surplus toward the Flexible Benefit Options listed in the Flexible Benefit Options Exhibit. Employees that wish to participate in the optional benefits in the plan, with the exception of the cash back option, but do not have any surplus credits, can elect to have pre-tax payroll deductions in an amount to cover the cost of their elections.
CORE PLAN. In addition to the amounts set forth below, the City will pay a PERSHealth Contribution of $160/month of the premium for the medicalcoverage selected through PERS. If the employee elects dental coverage, then the employee must participate in a vision plan option. The City will pay to the Employee’s Flexible Benefit Account the following Amounts: January 2017 January 2018 Employee only: $ 548.60 Employee Only: $ 548.60 Employee plus one: $ 1150.81 Employee plus one: $ 1150.81 Family: $ 1482.67 Family: $ 1482.67 Total City Contribution equal: Total City Contribution equal: Employee only: $ 708.60 Employee only: $ 708.60 Employee plus one: $ 1310.81 Employee plus one: $ 1310.81 Family: $1642.67 Family: $ 1642.67 Effective January 2018, and each January 1st thereafter, the City contributions to the Employee Flexible Benefit Account set forth above will be increased by an amount equal to 50% of the increase in the PERS Select Medical Plan. In addition, the City contributions set forth above will be increased by an amount equal to 50% of the increase in the City's dental and vision plans at the point of any increase during the term of this Agreement.
CORE PLAN. For employees hired prior to January 1, 1993, the employer shall pay 100 percent of the monthly cost of the Core Plan health insurance product. For employees hired on or after January 1, 1993, the employer shall contribute 95 percent of the monthly cost of the Core Plan health insurance product. For new employees hired after January 1, 2007, the employer shall contribute 85 percent of the monthly cost of the Core Plan health insurance plan.
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Related to CORE PLAN

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Incentive Compensation Plans The occurrence of any of the following: (i) a material reduction by the Corporation in the Executive’s (A) annual incentive compensation target or maximum opportunity, or (B) long-term incentive compensation target or maximum opportunity (measured based on grant date fair value of any equity-based awards), in each case, as in effect immediately prior to the Change in Control, or (ii) a change in the performance conditions, vesting, or other material terms and conditions applicable to annual and/or long-term incentive compensation awards granted to Executive after the Change in Control which would have the effect of materially reducing the Executive’s aggregate potential incentive compensation from the level in effect immediately prior to the Change in Control; or

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Plan The Award and all rights of the Participant under this Agreement are subject to the terms and conditions of the provisions of the Plan, incorporated herein by reference. The Participant agrees to be bound by the terms of the Plan and this Agreement. The Participant acknowledges having read and understanding the Plan, the Prospectus for the Plan, and this Agreement. Unless otherwise expressly provided in other sections of this Agreement, provisions of the Plan that confer discretionary authority on the Board or the Administrator do not (and shall not be deemed to) create any rights in the Participant unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board or the Administrator so conferred by appropriate action of the Board or the Administrator under the Plan after the date hereof.

  • Executive Compensation Plans Executive shall be entitled during the Term to participate, without discrimination or duplication, in executive compensation plans and programs intended for general participation by senior executives of the Bank, as presently in effect or as they may be modified or added to by the Bank from time to time, subject to the eligibility and other requirements of such plans and programs, including without limitation any stock option plans, plans under which restricted stock/restricted stock units, performance-based restricted stock/restricted stock units or performance-accelerated restricted stock/restricted stock units (collectively, “stock plans”) may be awarded, other annual and long-term cash and/or equity incentive plans, and deferred compensation plans. The Bank makes no commitment under this Section 5(a) to provide participation opportunities to Executive in all plans and programs or at levels equal to (or otherwise comparable to) the participation opportunity of any other executive.

  • Nonqualified Deferred Compensation Plans Effective on or before the Distribution Date, Columbia shall adopt, establish and maintain nonqualified deferred compensation plans for the benefit of employees of the Columbia Parties (the “Columbia Deferred Compensation Plans”) and shall establish one or more grantor trusts to be a source of providing benefits thereunder (the “Columbia Rabbi Trusts”) that in each case shall be substantially similar to the NiSource Deferred Compensation Plans and the grantor trusts maintained by NiSource with respect to the NiSource Deferred Compensation Plans (the “NiSource Rabbi Trusts”). As of the Distribution Date, the Columbia Parties shall assume and thereafter be solely responsible for all existing and future liabilities relating to Business Employees’ (and Deceased Business Employee survivors’ and beneficiaries’) (a) benefits accrued under the NiSource Deferred Compensation Plans prior to the Distribution Date and (b) benefits that accrue under the Columbia Deferred Compensation Plans on and after the Distribution Date. All beneficiary designations made by Business Employees and by survivors and beneficiaries of Deceased Business Employees under the NiSource Deferred Compensation Plans shall, to the extent applicable, be transferred to, and be in full force and effect under, the Columbia Deferred Compensation Plans until such beneficiary designations are replaced or revoked by the Business Employee (or the survivor or beneficiary of the Deceased Business Employee) who made the beneficiary designation. Following the Distribution Date, the NiSource Parties shall have no liability or obligation with respect to the benefits accrued by such Business Employees or by such survivors or beneficiaries of Deceased Business Employees under any of the NiSource Deferred Compensation Plans or with respect to any benefits accrued under the Columbia Deferred Compensation Plans. As soon as administratively practicable after the Distribution Date, NiSource shall cause the NiSource Rabbi Trusts to transfer to the Columbia Rabbi Trusts cash, life insurance policies or other assets having an aggregate fair market value equal to (i) the aggregate fair market value of all assets held in the NiSource Rabbi Trusts as of the Distribution Date multiplied by (ii) a percentage, the numerator of which shall be the lump sum present value of the benefits assumed by the Columbia Deferred Compensation Plans pursuant to this Section 3.03 and the denominator of which shall be the lump sum present value of all benefits accrued under the NiSource Deferred Compensation Plans immediately prior to the Distribution Date.

  • Benefits Plans During the Employment Period, You will be eligible to participate in all benefit plans in effect for executives and employees of the Company, subject to the terms and conditions of such plans.

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