Spending Account Sample Clauses

Spending Account. 9.4.3.1 Each enrolled employee shall have a Spending Account, the value of which shall be the premium for providing coverage as follows: • life insurance $155,000 • accidental death and disablement $155,000 • extended health default level coverage • dental default level coverage • orthodontics default level coverage as if eligible The dollar value of the coverage shall be determined against the employee’s status (i.e. single, couple, dependants). A regular employee shall pay Life Insurance Premiums through payroll deduction and the equivalent premium shall be added to the employee’s Spending Account.
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Spending Account. The Board will contribute $750 for eligible Full-time Employees and will contribute $750 on a pro rata basis for eligible Part-time Employees in to a Flexible Spending Account. ON BEHALF OF THE BOARD ON BEHALF OF THE UNION _ _ DATE: DATE: LETTER OF UNDERSTANDING #8 BETWEEN THE GOVERNORS OF THE UNIVERSITY OF CALGARY AND LOCAL 052 OF THE ALBERTA UNION OF PROVINCIAL EMPLOYEES
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Spending Account. A Health Spending Account (HSA) shall be made available for eligible nurses. The HSA shall only apply and be made available to top up the existing benefits provided in the HEBP “Enhanced” Extended Health Benefit Plan and the HEBP Dental Plan. The annual HSA benefit amounts shall be: - $500.00 for full-time nurses - $250.00 for part-time nurses April 1, 2022 - $700.00 for full-time nurses - $350.00 for part-time nurses For the purpose of the HSA, a nurse is deemed to qualify for the full-time benefit if they have been paid for a minimum of 1,500 hours in the previous calendar year. Hours paid at overtime rates do not count in the annual determination of whether a nurse qualifies for the full-time benefit. A “year” or “the annual HSA benefit” is defined as the calendar year – January 1st to December 31st. In order to be eligible for the HSA a nurse must be enrolled in the “Enhanced” Extended Health Care Plan. Nurses who become enrolled in the “Enhanced” Extended Health Care Plan will commence HSA coverage following one (1) year participation in the “Enhanced” Extended Health Care Plan. Unutilized HSA monies are not carried over to the subsequent year. 3905 Pension Plan All nurses who are employed by the Employer shall be required to participate in the “CCanada Life Manitoba Government registered pension plan referred to as the “Manitoba Simplified Money Purchase Pension Plan” # 42382. The Employer and employee (Nurse member) contribution rates are to be increased as follows: Pension Contribution Rates Employer Nurse Member Effective Date <YMPE >YMPE <YMPE >YMPE Apr.1, 2013 (First full pay period) 7.9% 9.5% 7.9% 9.5% YMPE refers to Years’ Maximum Pensionable earnings under the Canada Pension Plan.
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Spending Account. The Employer agrees that employees who are hired prior to April 1, 1995 shall be provided all benefits in Appendix “A” - Benefits, as well as a Health Spending Account (HSA) that can be used to pay for any expense that the core plan does not cover that is an allowable medical expense under the Income Tax Act. For example, if drug expense is covered at eighty percent (80%), the member could cover the other twenty percent (20%) through the Health Spending Account or to cover remainder of eyeglass coverage, etc. The HSA will be administered by the Employer therefore use of the HSA will have a tax implication. The HSA will be implemented: September 1, 2021 $750; September 1, 2022 $800; September 1, 2023 $850; and will be in force for the following members: Xxxxxxx Xxxxxx Xxxx Xxxxxxx Memorandum of Agreement between Lakeview Management Incorporated (Lakeview Hecla Golf Course) and Manitoba Government and General Employees’ Union
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Spending Account. The Board shall make available to each individual administrator a Section 125(b) spending account for health care and dependent care assistance.
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Spending Account. The Health Spending Account shall be inclusive for the employee, the employee’s Spouse and any eligible dependents up to the expiry of the Lifetime Maximum. Plan will be modeled after Coca-Cola Ltd. Health Spending Account, Contract No. 5863 with Sun Life Insurance with amendments for Lifetime Maximums: $25,000; Annual Credits: $2000; and a stipulation that the Company will cover the need of Private Duty Nursing up to $5,000 in credits over and above the lifetime maximum. The Company shall supply, to each retired employee, on an annual basis, an updated Health Spending Account booklet.
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Spending Account. ADMINISTRATION
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Related to Spending Account

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Funding Account The Administrative Agent shall have received a notice setting forth the deposit account of the Borrower (the “Funding Account”) to which the Administrative Agent is authorized by the Borrower to transfer the proceeds of any Borrowings requested or authorized pursuant to this Agreement.

  • Disbursement Account 12.1 The Lender is obligated to keep the bank account information provided on the Platform up to date. The account shall be managed by a bank within the Single Euro Payment Area (hereinafter “SEPA”).

  • Pre-Funding Account On the Closing Date, the Depositor shall deposit in the Pre-Funding Account $0.00 (the “Pre-Funding Account Initial Deposit”) from the net proceeds of the sale of the Notes. On each Subsequent Transfer Date, if any, upon satisfaction of the conditions set forth in Section 2.03(b) with respect to such transfer, the Servicer shall instruct the Indenture Trustee to withdraw from the Pre-Funding Account (i) an amount equal to [RESERVED]% of the result of the aggregate Starting Principal Balance of the Subsequent Receivables transferred to the Trust on such Subsequent Transfer Date less the Yield Supplement Overcollateralization Amount with respect to such Subsequent Receivables as of the related Cutoff Date and (ii), on behalf of the Depositor, deposit into the Reserve Account a portion of such funds equal to the Reserve Account Subsequent Transfer Deposit with respect to such Subsequent Transfer Date and distribute the remainder to or upon the order of the Depositor as payment for such Subsequent Receivables. If the Pre-Funded Amount has not been reduced to zero on the Payment Date immediately following the calendar month in which the Funding Period, if any, ends, the Servicer shall instruct the Indenture Trustee to transfer from the Pre-Funding Account on such Payment Date any amount then remaining in the Pre-Funding Account to the Note Distribution Account for distribution in accordance with Section 8.02(g) of the Indenture.

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Concentration Account Concentration Account" has the meaning set forth in Section 2.3.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

  • Withdrawals from the Collection Account and Distribution Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.03:

  • Special Account 1. For the purposes of this Schedule:

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