TAXABILITY OF BENEFITS. Because the premiums are paid by the City, all benefit payments from the Plan during a period of disability are considered as taxable income.
TAXABILITY OF BENEFITS. 12.1.4.1. The District shall not treat the District contributions toward medical, dental, or vision benefits as compensation subject to income tax withholding unless the Internal Revenue Service or the Franchise Tax Board indicates that such contributions are taxable income subject to withholding. Each employee shall be solely and personally responsible for any federal, state or local tax liability or penalty that may arise out of the implementation of this section.
TAXABILITY OF BENEFITS. Because the premiums are paid by the Corporation/Region, all benefit payments from the Plan during a period of disability are considered as taxable income.
TAXABILITY OF BENEFITS. As a matter of law, the employer cost of providing benefits of the type described above is considered ordinary income and is, therefore, subject to taxes, including FICA, FICA Medicare, federal, state and city taxes. Ineligibility: The following individuals do not fall within the eligibility criteria for this program: The Spouse, children, grandchildren, parents, grandparents, siblings, nieces, nephews, aunts, uncles, cousins, landlords, renters, boarders and tenants of employees.
TAXABILITY OF BENEFITS. Because the premiums are paid by RBG, all benefit payments from the Plan during a period of disability are considered as taxable income.
TAXABILITY OF BENEFITS. Because the premiums are paid by the Police Services Board, all benefit payments from the Plan during a period of disability are considered as taxable income.
TAXABILITY OF BENEFITS. As a matter of law, the employer cost of providing benefits of the type described above is considered ordinary income and is, therefore, subject to taxes, including FICA, FICA Medicare, federal, state and city taxes. Ineligibility: The following individuals do not fall within the eligibility criteria for this program: The Spouse, children, grandchildren, parents, grandparents, siblings, nieces, nephews, aunts, uncles, cousins, landlords, renters, boarders and tenants of employees. M. Dependants (claimed on benefits forms) that are between 19-25 years of age are required to maintain at least half-time student status in order to receive medical, dental or vision benefits coverage. Coverage will lapse at the end of student status, or at the end of the year that the dependant turns 25, whichever comes first. A covered dependant whom, after qualifying for dependant coverage as a student, becomes incapable of continuing classes due to a medically-verified emotional and/or physical condition will be retained at the same level of medical, dental, or vision benefits coverage for a maximum of one calendar year from the date of diagnosis, or until a) the end of the year that the dependant turns 25, b) the primary plan holder leaves University service, or c) the dependant’s health status allows them to return to eligible student status, whichever comes first. The Employer will observe any relevant changes in federal law.
TAXABILITY OF BENEFITS. Head Coach acknowledges and agrees that some benefits described in Section 11 above may constitute taxable income according to then-current Federal, state, and local regulations, and Head Coach agrees Head Coach is responsible for payment of all appropriate taxes on such income. Head Coach also understands and agrees that Athletics will withhold taxes based on the value of the benefits described in Section 11 above and based on the value of any other benefits or compensation provided by KU or Athletics and not otherwise listed in this Agreement, if any.
TAXABILITY OF BENEFITS. Any benefit received is taxable income, and proper documentation will be forwarded by the insuring company.
TAXABILITY OF BENEFITS. Taxable. Hospitality Room & Board Limit: The usual semi-private rate of the hospital concerned. Nursing Home Maximum: Nursing home expenses are covered at $10 per day to a maximum of $750 in a calendar year only when either the employee or the employees dependents are confined to a convalescent hospital in conjunction with hospitalization. Major Medical Deductible: None Prescription Drug Basis: Pay-Direct Drug Card - 80%; Mail order Pharmacy - 100% Reimbursement: All other eligible expenses - 100% Maximum Benefit: Prescription drugs - all eligible paramedical practitioners $250 per year for each practitioner (see Note 5). Private Duty Nursing (in Home) $25,000 every 3 calendar years.
