FRINGE BENEFIT POOL Sample Clauses

FRINGE BENEFIT POOL. Paragraph 1: The Board shall establish a fringe benefit program to comply with Section 125 of the Internal Revenue Code. The Board shall provide the opportunity for each employee to execute a salary reduction agreement to pay premiums desired.
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FRINGE BENEFIT POOL a. The District shall establish a fringe benefit pool for all certified employees.
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FRINGE BENEFIT POOL. Annually, the Association will determine how to pool available certificated fringe benefits funds. The district will combine all FTE's, including partial FTE's to create the total district FTE count for the purpose of benefits, These FTE's are multiplied by the allowable state benefit, to create the monthly pool amount X 12 for the yearly pool amount. The district will utilize all FTE's including those beyond the state BEA in these calculations with the District funding the benefit for those FTE beyond the state BEA. The district will retain all dollars generated for benefits in the employee insurance pool, inclusive of funds for those employees who opt not to take advantage of the district insurance programs. In order for the District to expend the equivalent of the state allocation for September through August, there shall be two adjustment periods. These periods will occur in November and April of each year. The District shall calculate the projected status of the pool(s) for the balance of the fiscal year. If the projection indicates that the pool(s) will have a balance remaining at the end of the period, the projected balance will be apportioned to all eligible members in the applicable pool(s) in one of the following two ways: If sufficient moneys are remaining, the premiums of all eligible employees will be waived for the employee and paid by the District for the period. If there is to be a positive pool(s) balance, but not enough to waive the entire amount of the premium owed by the eligible employees, the District and the Association will mutually agree to allocate the pool amount equally among those with out of pocket expense in order to project the pool(s) in a zero position at the end of the period. If it is calculated that the pool(s) would be in a deficit position, the District and the Association will mutually agree to spread the deficit equally among eligible employees in order to project the pool(s) in a zero position at the end of the period.
Sample 1
FRINGE BENEFIT POOL. The District will pay five hundred and nine dollars and forty five cents ($509.45) per professional employee; of the Preferred Provider Plan (PPO) monthly medical premium for District sponsored Blue Cross Plan. Membership in a District sponsored insurance program shall comply with the policies of the carrier. (See Appendix C for all premium changes and coverage changes.)
Sample 1
FRINGE BENEFIT POOL. 1. The Board shall establish and administer a "cafeteria plan" of tax-free fringe benefits for the teachers as authorized by I.R.C.
Sample 1
FRINGE BENEFIT POOL a) The Board will provide, at no cost to the teacher, the following on a monthly basis (Part-time teachers will be prorated): The cost of single employee medical insurance ($544.80 per month for 2020-2021).
Sample 1

Related to FRINGE BENEFIT POOL

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Sick Leave Benefit Plan The Sick Leave Benefit Plan will provide sick leave days and short term disability days for reasons of personal illness, personal injury, including personal medical appointments and personal dental appointments.

  • Employee Contribution Eligible employees shall contribute one percent (1%) of their salary on a per pay period basis to the HCSP.

  • Employee Contributions (a) Each participant shall be allowed to contribute on a bi-weekly basis up to an amount equal to eighty percent (80%) of the Participant’s wage. Such bi-weekly wage deductions shall be in increments of one percent (1%) and shall be contributed to the Participant’s account. The participant may contribute on a pre-tax, after-tax, Xxxx basis or any combination.

  • Salary and Fringe Benefits The employee shall be paid a salary which is the pro- rata share of the salary which the employee would have earned had he or she not elected to exercise the option of reduced workload. The employee shall retain all other rights and benefits enjoyed by full-time members of the unit.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

  • Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Health Benefit Plan Par. 1. The Health Benefit Plan covering life insurance, sickness and accident benefits, and hospitalization insurance, or any changes thereto that are in accordance with the National Elevator Industry Health Benefit Plan and Declaration of Trust, shall be a part of this Agreement and adopted by all parties signatory thereto.

  • BENEFIT FUND The Trustees are authorized and directed to establish a study committee to review the legality, feasibility and desirability of setting up and maintaining an employee funded Section 125 Flexible Spending Account (FSA). If an FSA is determined to be legal, feasible and desirable in this context, the Trustees are further authorized and directed to establish such an arrangement and offer it to employees covered by this Agreement; provided that the FSA shall not be offered to employees of any Employer who is unwilling or unable to permit employee participation in the FSA.

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