RHS Plan Sample Clauses

RHS Plan. The City agrees to provide a Retiree Health Savings Plan (RHS) to allow eligible employees the ability to provide some funding for retiree health care costs with eligible unused sick and vacation leave payments. The tax treatment of such a plan requires mandatory employee participation and the Union agrees its members will fund this plan as follows: 100 percent of eligible unused sick and vacation leave payments received at the time of retirement or separation. The City shall control and manage the operation and administration of the plan. Employees eligible for participation include any member with at least 15 years of service upon separation or retirement.
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RHS Plan. The City of Sioux Falls agrees to provide a Retiree Health Savings (RHS) Plan to allow employees who retire and are eligible for benefits from the Employee’s Retirement System, Police Division, the ability to provide some funding for retiree health costs with eligible unused sick and vacation leave payments at the time of retirement. The tax treatment of such a plan requires mandatory employee participation, and the Union agrees its members will fund this plan as follows: 100 percent of eligible unused sick and vacation leave payments received at the time of retirement. The City of Sioux Falls shall control and manage the operation and administration of the plan in accordance with federal law and IRS regulations. Exhibit A City of Sioux Falls Police Pay Grades Effective 01/14/2019 Effective 01/13/2020 -1- -2- -3- -4- -5- -6- -7- -8- -9- Police Officer 850 2019 24.85 26.13 27.44 28.73 30.03 31.35 32.66 33.96 35.26 2020 25.60 26.91 28.26 29.59 30.93 32.29 33.64 34.98 36.32 Police Sergeant 855 2019 37.90 39.25 40.64 2020 39.04 40.43 41.86 Sioux Falls F.O.P. Lodge #1—L.C.‌ Grievance Form (please print or type) NAME: Note: Employees should reference Article 20 of the contract for complete grievance procedure.
Sample 1
RHS Plan. An employee who retires from the City of Xxxxxx after January 1, 1989, shall be entitled to participate in the City sponsored medical plan and the City shall contribute up to a maximum of ninety-eight dollars ($98.00) per month toward the premium for employee only coverage under the City sponsored medical plans. As a result of the City contracting for CalPERS medical insurance pursuant to PEMHCA provisions effective October 1, 2012, the following revisions to this Section shall change as follow:
Sample 1

Related to RHS 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).

  • Meal Plan The Student who resides in a university residence hall is required to purchase a full residential dining plan (commuter plans are not acceptable). The Student who resides in Bobcat Village may choose either a residential or a commuter plan, but is not obligated to make a dining plan purchase due to availability of kitchen in each apartment unit.

  • Deferral Plan The deferral portion of the plan shall involve an employee spreading four (4) years' salary over a five (5) year period, or such other schedule as may be mutually agreed between the employee and the Hospital. In the case of the four (4) years' salary over a five (5) year schedule, during the four (4) years of salary deferral, 20% of the employee's gross annual earnings will be deducted and held for the employee. Such deferred salary will not be accessible to the employee until the year of the leave or upon the collapse of the plan. In the case of another mutually agreed upon deferral schedule, the percentage of salary deferred shall be adjusted appropriately.

  • Transition Plan In the event of termination by the LHIN pursuant to this section, the LHIN and the HSP will develop a Transition Plan. The HSP agrees that it will take all actions, and provide all information, required by the LHIN to facilitate the transition of the HSP’s clients.

  • Leave Plan Effective April the Hospital agrees to introduce a leave program, funded solely by the nurse, subject to the following terms and conditions:

  • Bonus Plan Such bonus, if any, as shall be determined upon the recommendation of the CEO by the Board (or any designated Committee of the Board comprised solely of independent directors), shall be paid in accordance with the terms and conditions of the bonus plan established for the Company (“Bonus Plan”).

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • VACATION PLAN 2 All employees in the bargaining unit shall earn paid vacation time 3 under this Article. Vacation benefits are earned on a fiscal year 4 basis--July 1 to June 30.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

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