FRINGE BENEFIT POOL Sample Clauses

FRINGE BENEFIT POOL. Paragraph 1: The Board shall establish a fringe benefit program to comply with Section 125 of the Internal Revenue Code. The Board shall provide the opportunity for each employee to execute a salary reduction agreement to pay premiums desired.
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FRINGE BENEFIT POOL a. The District shall establish a fringe benefit pool for all certified employees.
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FRINGE BENEFIT POOL. The district will combine all FTE's, including partial FTE's to create the total district FTE count for the purpose of benefits. These FTE's are multiplied by the state allocation rate and additional district contribution, to create the monthly pool amount X 12 for the yearly pool amount. The district will utilize all FTE's including those beyond the state BEA in these calculations with the District funding the benefit for those FTE beyond the state BEA. The district will retain all dollars generated for benefits in the employee insurance pool, inclusive of funds for those employees who opt not to take advantage of the district insurance programs. In order for the District to expend the equivalent of the state allocation rate for September through August there shall be two adjustment periods. These periods will occur in October and November of each year. The District shall calculate the projected status of the pool(s) for the balance of the fiscal year. If the projection indicates that the pool(s) will have a balance remaining at the end of the period, the projected balance will be apportioned to all eligible members in the applicable pool(s) in one of the following two ways: If sufficient monies are remaining, the health insurance premiums of all eligible employees will be waived for the employee and paid by the District for the period. If there is to be a positive pool(s) balance, but not enough to waive the entire amount of the health insurance premium owed by the eligible employees, the District and the Association will mutually agree to allocate the pool amount equally among those with out of pocket expense in order to project the pool(s) in a zero position at the end of the period. If it is calculated that the pool(s) would be in a deficit position, the District and the Association will mutually agree to spread the deficit equally among eligible employees in order to project the pool(s) in a zero position at the end of the period.
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FRINGE BENEFIT POOL a) The Board will provide, at no cost to the teacher, the following on a monthly basis (Part-time teachers will be prorated): The cost of single employee medical insurance ($544.80 per month for 2020-2021).
Sample 1
FRINGE BENEFIT POOL. The District will pay five hundred and nine dollars and forty five cents ($509.45) per professional employee; of the Preferred Provider Plan (PPO) monthly medical premium for District sponsored Blue Cross Plan. Membership in a District sponsored insurance program shall comply with the policies of the carrier. (See Appendix C for all premium changes and coverage changes.)
Sample 1
FRINGE BENEFIT POOL. 1. The Board shall establish and administer a "cafeteria plan" of tax-free fringe benefits for the teachers as authorized by I.R.C.
Sample 1

Related to FRINGE BENEFIT POOL

  • Fringe Benefit The benefits provided by this Agreement are granted by the Employer as a fringe benefit to the Executive and are not a part of any salary reduction plan or any arrangement deferring a bonus or a salary increase. The Executive has no option to take any current payments or bonus in lieu of the benefits provided by this Agreement.

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Executive Benefit Plans The Executive will be eligible to participate in any executive benefit plans offered by the Company including, without limitation, medical, dental, short-term and long-term disability, life, pension, profit sharing and nonqualified deferred compensation arrangements, as the Board may determine in its discretion. The Company reserves the right to modify, suspend or discontinue any and all of the plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated officers.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Sick Leave Benefit Plan The Sick Leave Benefit Plan will provide sick leave days and short term disability days for reasons of personal illness, personal injury, including personal medical appointments and personal dental appointments.

  • Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.

  • Employee Contribution Eligible employees shall contribute one percent (1%) of their salary on a per pay period basis to the HCSP.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, the Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time to time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, the Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time to time by the Company for the benefit of its senior executives.

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

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