– FLEX CREDITS Sample Clauses

– FLEX CREDITS. Sourcewell agrees to provide flex credits in an amount that matches the IRS maximum Health Savings Account single contribution; increases annually to match the IRS single contribution. 3.3.1 The employee may elect to direct flex credits to insurance premiums, their HSA contribution, Flexible Spending Account (FSA) contribution, buy up voluntary coverages, or elect cash in lieu.

– FLEX CREDITS. If during the term of this collective agreement the premiums increase, the company will review the amount of flex credits being provided. Furthermore, during the term of this collective agreement the flex credits will not be reduced. In addition, if requested by the union, the company agrees to meet annually to discuss issues concerning the FlexMedia plan.” For purposes of clarity, legitimate casual illness or absenteeism outside the FlexMedia plan will be paid at regular straight time pay for the time absent from work. Should a situation arise where the Company is not satisfied as to the legitimacy of the absenteeism, the employee shall not be paid. For further clarity, days of legitimate casual illness or absenteeism that are paid as outlined above, shall not be deducted from the ten (10) day waiting period involved with Short-Term Disability claims.

– FLEX CREDITS. 34.10.1 An employee accumulates a flex credit where they work longer than the ordinary hours of work that applies to them. Total flex credits are reduced where an employee works less than their ordinary hours of work. 34.10.2 The maximum flex credit an employee is able to have at the end of a settlement period is 30 hours for a full time employee and a pro rata amount for a part time employee. 34.10.3 Where an employee has more than the maximum flex credit at the end of a settlement period, his/her flex credits will be reduced to the maximum from the start of the subsequent settlement period unless the excess credit has been due to the employee’s manager rejecting an application for flex leave due to operational requirements. In this case, the excess credit will be carried over to the next settlement period.

– FLEX CREDITS. The Board shall contribute the following amounts into Flex Credits 12 for each employee who is eligible for Board-Provided Benefits: 13 (a) $6,372 for the period March, 2009, through February, 2010 (for Benefit Plan Year 14 April, 2009, through March, 2010); 15 (b) $6,372 for the period March, 2010, through February, 2011 (for Benefit Plan Year 16 April, 2010, through March, 2011); 17 Flex Credits are to be applied by employees toward the purchase of their own major medical 18 insurance: dependent medical insurance, dental insurance, vision insurance, and/or cancer