Health Incentive Plan Sample Clauses

Health Incentive Plan. The Employer agrees to provide the benefits of the Health Incentive Plan set forth in this Part II, Article II ("HIP") for eligible Employees and Dependents effective as of the Effective Date and for the duration of the CBA thereafter, on the terms set forth in this Article II. The Employer may arrange with the Company to provide the HIP benefits under a group health plan maintained by the Company, but in no event shall the Company or any other member of the Controlled Group (other than the Employer) be liable for the HIP benefits under this Part II, Article II. The Employer shall be solely responsible for the HIP benefits under this Part II, Article II.
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Health Incentive Plan. The Board implemented the following plan for eligible participants effective January 1, 2008: Eligible Participants -Bargaining unit members who are insured under a health insurance plan other than that provided in this agreement and who elect to drop their health insurance (status as of 10/22/2007) coverage status and bargaining unit member new to the district during the duration of this negotiated agreement are eligible for the Health Incentive Plan. Plan benefits - Each eligible plan participant will receive an incentive payment equal to twenty- five (25%) percent of the amount which the Board would have been required to contribute to that member's health insurance premium payment had the member subscribed to that coverage. The incentive payment will be made monthly beginning with the first month following acceptance of the application and that such payments will be subject to all applicable withholding including, but not limited to STRS contributions, and federal, state, and local income tax. To participate in the Health Insurance Incentive Plan, you must complete an Election Agreement for this plan. You will be able to elect to exchange coverage for cash compensation. Generally, you will not be permitted to change your election to participate in the Plan or to vary the level of benefits you have selected during the Plan Year except during Open Enrollment periods. One open enrollment period per year. However, you may change your previous election if you have a “change in family status." A change in family status is defined in Internal Revenue Service regulations as follows:
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Health Incentive Plan. The Employer agrees to provide the benefits of the Health Incentive Plan set forth in this Part II, Article I ("HIP") for eligible Employees and Dependents effective as of the Effective Date (which for purposes of this Article I shall mean January 1, 2014; provided, however, that with respect to New Hires (as hereinafter defined), “Effective Date” shall mean July 27, 2013) and for the duration of the collective bargaining agreement dated August 12, 2013 between the Employer and the Union (the “CBA”), on the terms set forth in this Article I. The provisions of Part II, Article I of the 2009 Pension and Insurance in effect on August 11, 2013, as modified to the extent required by PPACA, and the benefits provided thereunder will remain in effect through December 31, 2013. The Employer may arrange with the Company to provide the HIP benefits under a group health plan maintained by the Company, but in no event shall the Company or any other member of the Controlled Group (other than the Employer) be liable for the HIP benefits under this Part II, Article II. The Employer shall be solely responsible for the HIP benefits under this Part II, Article II.
Sample 1
Health Incentive Plan. The Employer agrees to provide the benefits of the Health Incentive Plan set forth in this Part II, Article I ("HIP") for eligible Employees and Dependents effective as of the Effective Date (which for purposes of this Article I shall mean January 1, 2014; provided, however, that with respect to New Hires (as hereinafter defined),
Sample 1
Health Incentive Plan. (a) Employees that work each and every day of their regular assignment in a calendar quarter shall receive a health incentive payment equal to sixteen (16) hours pay at the regular rate, provided in each case that the eligible employee files, prior to the close of the next calendar quarter, a claim form with the Payroll Department claiming such incentive pay. Such payment shall be made as part of the employee’s regular paycheck as soon after the filing of the claim as reasonably practicable but no later than forty-five (45) days following the filing of the employee’s claim.
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Related to Health Incentive Plan

  • Management Incentive Plan “Management Incentive Plan” shall mean the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Physician Incentive Plans In the event Provider participates in a physician incentive plan (“PIP”) under the Agreement, Provider agrees that such PIPs must comply with 42 CFR 417.479, 42 CFR 438.3, 42 CFR 422.208, and 42 CFR 422.210, as may be amended from time to time. Neither United nor Provider may make a specific payment directly or indirectly under a PIP to a physician or physician group as an inducement to reduce or limit Medically Necessary services furnished to an individual Covered Person. PIPs must not contain provisions that provide incentives, monetary or otherwise, for the withholding of services that meet the definition of Medical Necessity.

  • EARLY RETIREMENT INCENTIVE PLAN 1. The Board will pay an allowance to continuing contract teachers who retire from teaching in the District under the Teachers' Pension Plan, before reaching age sixty (60), subject to the following conditions: The teacher must:

  • Equity Incentive Plan Employee will continue to be eligible to receive equity incentives pursuant to the Executive Compensation Plan. All awards pursuant to the Executive Compensation Plan shall be subject to the terms and provisions of the 1999 Stock Option and Incentive Plan, or any similar plan, and any award agreement with respect to such award. The vesting, exercisability and termination provisions regarding such awards shall be subject to the terms and provisions of the 1999 Stock Option and Incentive Plan, or other similar plan pursuant to which the award was made, and the corresponding award agreement.

  • Long Term Incentive Plan The Executive shall be entitled to participate in the Company’s long-term incentive plan in accordance with its terms that may be in effect from time to time and subject to such other terms as the Board, in its sole discretion, may approve.

  • Retirement Incentive a) If an employee gives the Board an irrevocable notice of retirement by February 1st four (4) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining four (4) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st three (3) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining three (3) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st two (2) years prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for each of his/her remaining two (2) years of service. If an employee gives the Board an irrevocable notice of retirement by February 1st one (1) year prior to the school year of retirement, the Board shall pay him/her a six percent (6%) retirement incentive, inclusive of all other increases in TRS creditable compensation, for his/her remaining year of service. Once an employee submits an irrevocable notice of retirement by February 1st, that employee shall be removed from the salary schedule contained in Article IX of this Agreement at the beginning of the following school year. All calculations for increased TRS creditable earnings will be based on the TRS creditable earnings in the year of the submission of the irrevocable notice of retirement. Once the employee submits an irrevocable notice of retirement an employee’s creditable earnings shall be increased by six percent (6%) of the year of submission, but in no case will the employee’s TRS creditable earnings increase exceed six percent (6%) of the year of submission. If, after submitting an irrevocable notice of retirement by February 1st, the employee resigns from, or is dismissed from duties for which the employee was paid a stipend or additional compensation the previous year, the retirement incentive for that employee will be recalculated accordingly.

  • Long-Term Incentive Plans During the Employment Period, the Executive shall be eligible to participate in the ongoing equity and other long-term awards and programs of the Company as determined in the sole discretion of the Board or a committee thereof.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Equity Incentive Plans Each stock option granted by the Company under the Company’s equity incentive plan was granted (i) in accordance with the terms of the Company’s equity incentive plan and (ii) with an exercise price at least equal to the fair market value of the Common Stock on the date such stock option would be considered granted under GAAP and applicable law. No stock option granted under the Company’s equity incentive plan has been backdated. The Company has not knowingly granted, and there is no and has been no Company policy or practice to knowingly grant, stock options prior to, or otherwise knowingly coordinate the grant of stock options with, the release or other public announcement of material information regarding the Company or its Subsidiaries or their financial results or prospects.

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