other employee benefits definition

other employee benefits means payments made to and sums credited to natural persons by the payer, other than wages and salaries or contract fees, whether required by law or based on the payer’s own decision. Included in this category are, in particular: royalties, rental allowances, home building assistance (including interests and handling charges), meal allowances, commuting allowances, anniversary premiums, reimbursements for employee commitments, income supplement to miners, awards, other benefits in kind, income supplement to incapacitated employees, sick leave compensation, employer’s contribution for sick-pay and sick-pay supplement, insurance premiums paid by the employer for the employee’s accident, life and pension insurance policies, employer’s membership contribution paid to voluntary funds, membership supplement paid by employer to private pension funds, employer’s share of and contribution to personal income tax payments, welfare and cultural expenses, severance pay, employer’s contribution to early retirement pension benefits, furthermore, payments to employees and workers such as per diem, separation allowances, costs reimbursed on the basis of the relevant legislation, personal basic salary paid following discharge from military or civil service, invention fees, patent licensing fees or purchase costs, innovation fees, and participation fees paid in connection with these, also royalties and fees paid for other copyrighted products to non-employees and participation fees paid in connection with such, payments to seasonal agricultural workers, benefits provided in kind and entertainment costs, and all other payments classified by statistical regulations as other work-related income and social expense.
Sample 1
other employee benefits means payments made to and sums credited to natural persons by the payer, other than wages and salaries or contract fees, whether required by law or based on the payer’s own decision. Included in this category are, in particular: royalties, rental allowances, home building assistance (including interests and handling charges), meal allowances, commuting allowances, anniversary premiums, reimbursements for employee commitments, income supplement to miners, awards, other benefits in kind, income supplement to incapacitated
Sample 1
other employee benefits are the Auto Allowance, the Insurance, the Membership and the Other Benefits. No expenses with respect to Severance Benefits may be incurred or in-kind Severance Benefits provided to Employee after the last day of the second year following the year in which termination of this Agreement occurs, and any amounts payable with respect to Severance Benefits must be paid no later than end of the third year following the year in which the termination of this Agreement occurs. If during the Noncompete Period (as defined in Section 6.3) Employee engages in conduct or activities that constitute a breach of the provisions of Section 6.1, 6.2 or 6.3, then the Company’s obligation to pay Employee (or his estate) any further Severance Payments shall cease and the Company shall have no further liability for Severance Payments hereunder; provided, that the Company shall provide Employee not less than thirty (30) days prior written notice of its intention to discontinue Severance Payments; provided, further, that if Employee in good faith disputes whether he has breached the provisions of Section 6.1, 6.2 or 6.3 and so notifies the Company in writing within ten (10) days of receiving such notice, then the Company shall continue to make the Severance Payments until such time as the dispute is resolved but may, at its option, make such payments to an escrow account established for such purpose (or if litigation has commenced with regard to such dispute, to deposit such payments with the clerk of the court having jurisdiction of the dispute).
Sample 1

Examples of other employee benefits in a sentence

  • Pension Plans and Other Employee Benefits KCP&L has defined benefit pension plans for its employees, including officers and Wolf Creek employees.

  • Set forth on Schedule 2.5 is a true, correct and complete list of all employees of Prosoft, with their name, address, title, salary and benefits to which they were entitled to receive from Prosoft prior to or upon Closing, which list also identifies any employment agreement applicable to each such employee, and also lists Other Employee Benefits offered by Prosoft as of the date of this Agreement.

  • The Notes to the Consolidated Financial Statements have been prepared under the presumption (e.g., Notes 19 and 20 Performance Compensation and Retirement and Other Employee Benefits) that the Corporation is a going concern and do not attempt to take into consideration the impact, if any, that the Pending Business Combination may have on the matters discussed therein.

  • Reorganized Prosoft or VCampus shall maintain, or provide substantially similar substitutes for, the Other Employee Benefits listed on Schedule 2.5. VCampus covenants that it will have established a 401K plan for the employees of Reorganized Prosoft on and after the Closing, the terms of which shall be reasonably equivalent to those available to similarly situated employees of VCampus.

  • Section 6.1. Conduct of the Company 48 Section 6.2. No Solicitation 51 Section 6.3. Change in Recommendation 52 Section 6.4. Filings; Further Actions; Reasonable Best Efforts 54 Section 6.5. Access; Confidentiality 56 Section 6.6. Interim Operations of Merger Sub 56 Section 6.7. Publicity 56 Section 6.8. Other Employee Benefits 57 Section 6.9. Compensation Arrangements 59 Section 6.10.

  • Medical, Life Insurance, and Other Employee Benefits - You will be covered by, or eligible to participate in, the medical, dental, life insurance, disability, deferred compensation, and other benefit programs generally made available by NSI to its executive officers and their families, including a car allowance of Four Hundred Dollars ($400) per month.

  • Other Employee Benefits (excluding any benefits related to securities of the Company or options, warrants or convertible into or exercisable or exchangeable for securities of the Company) Continue through end of Employment Period, subject to legal and contractual rights in plans to convert or extend coverages.

  • Retirement and Other Employee Benefits The Company and its subsidiaries have various defined contribution and defined benefit plans covering substantially all of its employees.

  • Medical, Life Insurance, and Other Employee Benefits - You will be eligible to participate in the medical, dental, life insurance, disability, and other benefit programs generally made available by Spinco to its executive officers and their families.

  • This Agreement, the rights of the parties and all actions arising in whole or in part under or in connection herewith, shall be governed by and construed in accordance with the internal Laws of the State of Delaware, without regard to its Laws governing conflicts of laws.

Related to other employee benefits

  • Employee Benefits means the provision of any benefit other than pension and retirement benefits provided to spouses of employees or provided to an employee on account of the employee's having a spouse, including but not limited to bereavement leave; disability, life, and other types of insurance; family medical leave; health benefits; membership or membership discounts; moving expenses; vacation; travel benefits; and any other benefits given to employees, provided that it does not include benefits to the extent that the application of the requirements of this chapter to such benefits may be preempted by federal or state law.

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.

  • Employee Benefit Plans shall have the meaning set forth in Section 3.20(a).

  • Other Employees means, all the employees other than the Directors, KMPs and the Senior Management Personnel.

  • Other employee means an individual employed by a primary owner who is not authorized to provide proposition player services. “Other employee” does not include any owner, any supervisor, or any officer or director of a primary owner that is a corporation. An individual registered or licensed as an “other employee” may not function as a player unless and until that individual applies for and obtains registration or licensure as a player.

  • Foreign Employee Benefit Plan means any employee benefit plan as defined in Section 3(3) of ERISA which is maintained or contributed to for the benefit of the employees of the Borrower, any of its Subsidiaries or any of its ERISA Affiliates, but which is not covered by ERISA pursuant to Section 4(b)(4) of ERISA.

  • Employee Benefit Plan means any "employee benefit plan" as defined in Section 3(3) of ERISA which is or was maintained or contributed to by Company, any of its Subsidiaries or any of their respective ERISA Affiliates.

  • Employee Benefits Agreement means each and collectively all employment, retirement, severance, indemnification, and similar or related agreements, arrangements, plans and policies with the members of the Debtors’ management team or directors as of the Petition Date, other than such benefits for former employees of MBTL and Retirees.

  • Welfare Benefits means the types of benefits described in Section 3(1) of ERISA (whether or not covered by ERISA).

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Former Employee means an individual who has severed employment with the Employer or an Affiliated Employer.

  • Former Employees means a former member of management of Icahn Enterprises (or any of its Subsidiaries (including any Guarantors)), other than the Principal, who voluntarily or upon any other termination is no longer employed by any of Icahn Enterprises or any of its Subsidiaries (including any Guarantors) and who holds Equity Interests that are required to be redeemed or purchased pursuant to any contractual requirements upon such termination of employment.

  • School employee means (1) a teacher, substitute teacher, school administrator, school superintendent, guidance counselor, psychologist, social worker, nurse, physician, school paraprofessional or coach employed by a local or regional board of education or working in a public elementary, middle or high school; or (2) any other individual who, in the performance of his or her duties, has regular contact with students and who provides services to or on behalf of students enrolled in a public elementary, middle or high school, pursuant to a contract with the local or regional board of education.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Casual Employees means employees who are employed on a casual basis and includes persons who are employed for periods not exceeding five days at any one time.

  • Company Employees shall have the meaning set forth in Section 6.10(a).

  • School employer means a board of school directors, the

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Company Employee means any current or former employee, independent contractor or director of the Company or any Company Affiliate.

  • Fringe benefits means the amount of:

  • Health benefits plan means a benefits plan which pays or

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).