Wellness Rebate Compensation Sample Clauses

Wellness Rebate Compensation. Each unit member who submits to the District an approved Wellness certification that verifies that the unit member has satisfied all of the Wellness requirements referenced in section 1(c) below, each year shall receive a Wellness Rebate equal to five percent (5%) of the total premium cost of the Low Cost plan based upon the subscriber level selected for the year. The value of the five percent (5%) Wellness Rebate Compensation will change each year depending upon the total premium cost of the low cost medical plan provided by the District. The Wellness requirements must be completed by May 15th in order to receive the rebate on a monthly basis.
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Wellness Rebate Compensation. Each unit member who submits to the District an approved Wellness Rebate Form, which verifies that the unit member has satisfied all of the Wellness requirements, each year shall receive a Wellness Rebate equal to five percent (5%) of the average of the premium costs for all medical Plans offered by the District based upon the subscriber level selected for the year. The value of the five percent (5%) Wellness Rebate Compensation will change each year depending upon the average of the Premium cost for all medical plans offered by the District. Employees eligible for the Wellness Rebate will only be eligible to receive up to the amount of their contribution of the premium cost Paid or the 5% Wellness Rebate amount, whichever is less.
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Wellness Rebate Compensation. Each unit member who submits to the District an approved Wellness certification that verifies that the unit member has satisfied all of the Wellness requirements referenced section 9.8.2(c) below, each year shall receive a Wellness Rebate equal to five percent (5%) of the total medical premium cost of the applicable Low Cost plan based upon the subscriber level selected for the year. The value of the five percent (5%) Wellness Rebate Compensation will change each year depending upon the total premium cost of the low cost plan provided by the District. Monthly Wellness Rebate Allocation: Unit members shall have the 2013-2014 annual lump sum Wellness Rebate and subsequent year Wellness Rebates divided over the payroll periods in the 2013-2014 school year and subsequent school years and shall allocate the Wellness Rebate amount each month toward the bargaining unit member’s share of premium costs. If the unit member fails to meet the December 2nd deadline for submission of the Wellness Certification, the District shall recoup the value of the annual Wellness Rebate from the unit member over the subsequent payroll periods beginning with the January payroll warrant. If the unit member later completes the Wellness certification by May 15th, the District shall ensure that the unit member receives no more or no less than the applicable annual value of the Wellness Rebate for the plan option and subscriber level applicable to the unit member.
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Related to Wellness Rebate Compensation

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  • Extra Compensation 1. CTSO Advisors will be paid twenty-five ($25) per hour (capped at eight (8) hours per day) for non-discretionary CTSO activities (e.g., conferences, conventions, and competitions) involving students on days not scheduled as part of the regular school year calendar.

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  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period.

  • Executive Compensation Until such time as the Investor ceases to own any debt or equity securities of the Company acquired pursuant to this Agreement or the Warrant, the Company shall take all necessary action to ensure that its Benefit Plans with respect to its Senior Executive Officers comply in all respects with Section 111(b) of the EESA as implemented by any guidance or regulation thereunder that has been issued and is in effect as of the Closing Date, and shall not adopt any new Benefit Plan with respect to its Senior Executive Officers that does not comply therewith. “Senior Executive Officers” means the Company's "senior executive officers" as defined in subsection 111(b)(3) of the EESA and regulations issued thereunder, including the rules set forth in 31 C.F.R. Part 30.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Salary No salary will be paid to a Member for the performance of his or her duties under this Agreement unless the salary has been approved in writing by a Majority of the Members.

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