Insurance Contribution definition

Insurance Contribution means ABM’s contribution to provide group health and life insurance for Executive and excludes any payment by Executive for such coverage.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Insurance Contribution means Company’s contribution to provide group health and life insurance for Executive and excludes any payment by Executive for such coverage.

Insurance Contribution means $7,000 per month in respect of calendar year 2015. For each of calendar year 2016 and 2017, the Insurance Contribution will be a monthly amount equal to the “GTV Share” of the total insurance premiums payable by Gaiam Brand in respect of the applicable calendar year. The “GTV Share” means a fraction, the numerator of which is $84,000 and the denominator of which is the total insurance premiums paid by Gaiam Brand in respect of calendar year 2015. Gaiam Brand will notify GTV of the details regarding the calculation of the Insurance Contribution for each of calendar year 2016 and 2017 on or before November 30 of the preceding calendar year.

Examples of Insurance Contribution in a sentence

• The Company has withheld or collected from each payment made to each of its employees, the amount of all taxes (including, but not limited to, federal income taxes, Federal Insurance Contribution Act taxes and Federal Unemployment Tax Act taxes) required to be withheld or collected therefrom, and has paid the same to the proper tax receiving officers or authorized depositories.

• All amounts paid pursuant to this Agreement shall be subject to withholding or deduction by reason of the Federal Insurance Contribution Act, federal income tax, state and local income tax, if any, and comparable laws and regulations.

• The Company has withheld or collected from each payment made to each of its employees the amount of all taxes (including, but not limited to, federal, state and local income taxes, Federal Insurance Contribution Act taxes and Federal Unemployment Tax Act taxes) required to be withheld or collected therefrom, and has paid the same to the proper Tax receiving officers or authorized depositaries.

• It is the parties' intention that the Contractor will be an independent contractor and not the City's employee for all purposes, including, but not limited to, the application of the Fair Labor Standards Act minimum wage and overtime payments, Federal Insurance Contribution Act, the Social Security Act, the Federal Unemployment Tax Act, the provisions of the Internal Revenue Code, Missouri Revenue and Taxation laws, Missouri Workers' Compensation and Unemployment Insurance laws.

• All amounts paid pursuant to this Agreement shall be subject to withholding or deduction by reason of the Federal Insurance Contribution Act, Federal income tax, state and local income tax, if any, and comparable laws and regulations.

More Definitions of Insurance Contribution

Insurance Contribution the sum of £64,210, being the Sellers’ contribution to the cost of the Environmental Insurance Policy being purchased by the Buyer.

Insurance Contribution means individually refundable compulsory payments for mandatory pension insurance to finance a funded pension paid by a policyholder in favour of an insured person to the Pension Fund of the Russian Federation for the purpose of subsequent transfer to the fund selected by the said insured person in the manner described in Federal Law No. 167-FZ, dated 15 December 2001, 'On

Insurance Contribution. Tenant's proportionate prorata share based on actual cost.

Insurance Contribution has the meaning set forth in Section 8.11.

Insurance Contribution means the total of an employer’s and an employed person’s contributions paid in accordance with the provisions of the Act;

Insurance Contribution means a sum equivalent to the costs incurred from time to time by the Landlord in effecting and maintaining insurance in accordance with the Landlord's covenant attributable to the Demised Premises being the aggregate of:

Insurance Contribution. Full Time FY 2022 $727*** Full Time FY 2023 $756*** Full Time FY 2024 TBD through negotiations*** Custodial Maintenance First Custodian (High School) First Custodian (Middle School) Warehouseman First Custodian (Elementary) Custodian Maintenance Specialist Laborer *Full Time: Employee who is regularly at least 30 hours per week. **Part Time: Employee who is regularly scheduled for less than 30 hours per week. ***Note: The contribution rate for insurance for Custodial staff is significantly higher due to past bargaining sessions during which the parties agreed to defer wages in return for higher insurance contributions. If the total number of hours worked by an employee who is working multiple jobs/positions within the Teamsters Union is at least 30 hours per week, the employee is eligible to receive the full-time insurance rate. The Employer agrees to pay three months’ premiums for Employees who are unable to work due to a medically verified illness or injury. Such premiums shall be payable after the employee’s eligibility for all other premium payments have been exhausted. An employee is eligible for three months District paid insurance premiums only if the employee has been employed by the District for at least twelve (12) months and has worked at least one thousand two hundred fifty (1,250) hours during the twelve (12) months immediately prior to the date leave is requested. Employees are only eligible for three (3) months of District paid premiums during a twelve-(12)-month period. For all Custodial/Maintenance, Mechanics and Service Attendant Union Members who participate in the Health Insurance Program, the District will pay as outlined in the attached Letters of Understanding. Other Union Members may elect insurance coverage under the District Health Insurance policy as per eligibility requirements.