Benefits Cap definition

Benefits Cap defined as the average FTE allocation required for Benefits Package coverage paid July through September at prior fiscal year Composite Rate for all coverages and costs October through June at current fiscal year Composite Rate.
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Benefits Cap shall have the meaning set forth in Section 9.12.
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Benefits Cap has the meaning assigned to that term in Section 4.1 hereof. “Central Expenses” has the meaning assigned to that term in Section 4.2 hereof.
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Examples of Benefits Cap in a sentence

  • Definitions: Benefits Cap – the average FTE allocation required for Benefits Package coverage paid July through September at prior year Composite Rate for all coverages and costs October through June at current fiscal year composite rate.

  • In the event that benefit costs as described in this Section 9.12 exceed the Benefits Cap in a League Year, the PWHL may, after discussion with the PWHLPA, amend any or all of the benefits so as to prevent benefits costs under this Article 9 from exceeding the Benefits Cap.

  • In the event that benefit costs as described in Section 9.12 below are below the Benefits Cap (as defined in Section 9.12 below) in a League Year, the difference up to the Benefits Cap will be contributed by the League to a retirement account, if consistent with applicable law.

  • Benefits Cap: The average FTE allocation required for Benefits Package coverage paid July through September at prior year Composite Rate for all coverages and costs October through June at current fiscal year Composite Rate.

  • For the 2006-07 year, the District will increase the Benefits Cap by an amount sufficient to pay for the increase in the cost of the H & W Benefits Package up to 10% above the 2005-06 Benefits Cap value.

  • Agent shall be responsible for fifty percent (50%) of the fees and expenses of the Inventory Taking Service, plus 100% of the payroll and benefits, subject to the Benefits Cap, for Retained Employees used during the Inventory Taking as an Expense hereunder and Merchant shall pay the remaining fifty percent (50%) of the fees and expenses of the Inventory Taking Service.

  • For the 2005-06 year, the District will increase the 2004-05 Benefits Cap to $9,990 to fully pay increases required during 2005-06 for the cost of the H & W Benefits Package.

  • Agent shall be responsible for fifty percent (50%) of the payroll and benefits, subject to the Benefits Cap, for Retained Employees used during the Inventory Taking as an Expense hereunder; and Merchant shall pay the remaining fifty percent (50%) of the payroll and benefits for Retained Employees used during the Inventory Taking.

  • If the net increase in the Benefits Cap necessary to fully fund the Benefits Package for 2006-07 is in excess of the maximum 10% allowed herein, then, plan modifications to reduce the increase below 10% may be recommended by the Benefits Committee and adopted by CSEA or effective July 1, 2006 the residual dollar amount in the increase of the Benefits Cap beyond the 10% limit funded by the District shall be made by employee contribution paid through employee payroll deduction on a tenthly basis in 2006-07.

  • Agent shall be responsible for fifty percent (50%) of the fees and expenses of the Inventory Taking Service plus 50% of the payroll and benefits subject to the Benefits Cap for Retained Employees used during the Inventory Taking as an Expense hereunder and Merchant shall pay the remaining fifty percent (50%) of the fees and expenses of the Inventory Taking Service and the balance of the payroll and benefits for Retained Employees used during the Inventory Taking.


More Definitions of Benefits Cap

Benefits Cap shall have the meaning set forth in Section 4(b).
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Benefits Cap has the meaning assigned to that term in Section 4.1 hereof. “Central Expenses” has the meaning assigned to that term in Section 4.2 hereof. “Closing” means the closing of transactions contemplated by this Agreement and the APA as set forth in Section 2.3 hereof. as amended.
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Benefits Cap has the meaning assigned to that term in Section 4.1 hereof.
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Related to Benefits Cap

  • Minimum Benefits means, as applicable, the following: (i) Executive’s earned but unpaid Annual Base Salary for the period ending on the Termination Date; (ii) Executive’s earned but unpaid Incentive Bonus, if any, for any completed fiscal year preceding the Termination Date; provided, however, that Executive shall not be entitled to any Incentive Bonus in the event of a Termination for Cause; (iii) Executive’s accrued but unpaid vacation pay for the period ending on the Termination Date; (iv) Executive’s unreimbursed business expenses and all other items earned and owed to Executive by the Company through and including the Termination Date, provided that all required submissions for expense reimbursement are made in accordance with the Company’s expense reimbursement policy and within 15 days following the Termination Date; and (v) The benefits, incentives, and awards described in Section 4(g)(i).

  • Maximum Benefit means the maximum benefit amount of each of the benefits covered under this Policy as stated in the Schedule of Benefits.

  • Health benefits plan means a benefits plan which pays or

  • Compensation and Benefits Programs means all compensation and benefit plans, policies, and programs of the Debtors, and all amendments and modifications thereto, applicable to the Debtors’ employees, former employees, retirees, and non-employee directors and the employees, former employees and retirees of their subsidiaries, including all savings plans, retirement plans, health care plans, disability plans, and incentive plans, deferred compensation plans, and life, accidental death, and dismemberment insurance plans.

  • Fringe benefits means the amount of: