Premium pay program definition

Premium pay program means a plan offered by an employer pursuant to which an employee may elect to receive extra pay in lieu of benefits.
Premium pay program means a plan offered by an employer pursuant to which an employee receives extra pay in-lieu of paid time off.

Examples of Premium pay program in a sentence

  • Washington D.C.’s definition of employee does not include, “a healthcare worker who choose[s] to participate in a premium pay program.” Premium pay program means “a plan offered by an employer pursuant to which an employee may elect to receive extra pay in lieu of benefits.” Healthcare worker is not defined.

  • Premium pay program – a plan offered by an employer pursuant to which an employee may elect to receive extra pay in lieu of benefits.

  • Premium pay program – means a plan offered by an employer by which an employee may voluntarily elect to receive additional pay in lieu of benefits.

Related to Premium pay program

  • Premium payment plan means a benefit plan whereby state and

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Child day program means a regularly operating service arrangement for children where, during the absence of a parent or guardian, a person or organization has agreed to assume responsibility for the supervision, protection, and well-being of a child under the age of 13 for less than a 24-hour period.

  • Education program means any program that is principally engaged in the provision of education, including, but not limited to, early childhood education, elementary and secondary education, postsecondary education, special education, job training, career and technical education, and adult education, and any program that is administered by an educational agency or institution.

  • Pension program means the defined benefit pension program of the Oregon Public Service

  • Medical flexible spending arrangement means a benefit plan

  • Loan Program means the State Treasurer’s Interest-Free Loan Program for Colorado School Districts authorized pursuant to the Loan Program Statutes.

  • Group Policy /”policy” means the breakdown policy as set out in this document;

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Alternative education program means a school or separate class group designed to best serve students’ educational needs and interests and assist students in achieving the academic standards of the district and the state.

  • E-Verify Program above means the employment verification program administered by the United States Department of Homeland Security, the Social Security Administration, or any successor program.

  • Qualifying Educational Program means a program at a post-secondary school level of not less than three consecutive weeks duration that requires each student taking the program to spend not less than 10 hours per week on courses or work in that program.

  • Group long-term care insurance means a long-term care insurance policy which is delivered or issued for delivery in this State and issued to:

  • Investment Program means a Person for whom Shipper or a direct or indirect subsidiary of Shipper acts as a general partner, managing partner or manager and the securities of which have been offered and sold to investors.

  • Cooperative education program means a written voluntary agreement between and among districts to provide certain educational programs for pupils in certain groups of districts. The written agreement shall be approved by all affected districts at least annually and shall specify the educational programs to be provided and the estimated number of pupils from each district who will participate in the educational programs.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).

  • Pay Plan means the scale of wages as contained in the attached Appendix “A” and the rules governing its application, as per Article 12.

  • Paycheck Protection Program means loan program created by Section 1102 of the CARES Act.

  • Energy efficiency program means a program that reduces the total amount of electricity that is

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Educational program means a program for educating and preparing physician assistants which is approved by the board.

  • AML Program has the meaning ascribed thereto in Schedule 2.1(F)(8) hereof.

  • Number of Students Who Began Program means the number of students who began the program who are scheduled to complete the program within the reporting calendar year.

  • Payment Plan means the schedule of payment prescribed in Schedule C;

  • Pay Channel means a channel which is declared as such by ZEEL and for which a share of maximum retail price is to be paid to ZEEL by the IPTV Operator and for which due authorization needs to be obtained from ZEEL for distribution of such channel to subscribers.

  • Program means the statutorily authorized activities of the System Agency under which this Contract has been awarded.