Active Unit Members Sample Clauses

Active Unit Members. Vision 14.3.1. For a unit member who is 1.0 FTE, the district shall pay the full cost of the premium for single coverage only. 14.3.2. For a unit member who is .50 FTE or greater but less than 1.0 FTE, the district contribution shall be pro-rated based on the member’s FTE as a percentage of 1.0 FTE. 14.3.3. Unit members may elect to obtain coverage for dependents at their own expense through a monthly payroll deduction.
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Active Unit Members. Life Insurance 14.4.1. For all unit members, the district shall pay full cost of the premium for life insurance coverage that is equal to one year’s annual contractual salary amount. 14.4.2. Dependent coverage is not available.
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Active Unit Members. Dental 2.1. For a unit member who is 1.0 FTE, the district shall pay full cost of the premium up to the family coverage. 2.2. For a unit member who is .50 FTE or greater but less than 1.0 FTE, the district contribution shall be pro­rated based on the member’s FTE as a percentage of
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Active Unit Members. All full-time unit members will be eligible to enroll in any of the medical, dental and vision plans offered by the District that are available to unit members. Additionally, all full-time unit members will be eligible to opt-out of health insurance coverages. The cost sharing for medical, dental and vision insurance and requirements for opting out of insurance coverage are detailed below.
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Active Unit Members. Other 6.1. Unit members may participate in a Flexible Benefit Plan 125. Unit member contributions to the IRC (Internal Revenue Code) Section 125 Benefit Plan shall be in accordance with IRS regulations.
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Active Unit Members. The Board shall provide for all full-time classified unit members and eligible members a dollar limit to be utilized for health insurance premium costs. Beginning October 1, 2020, the dollar limit provided shall be eight hundred fifty dollars ($850.00) per unit member with single coverage, one thousand dollars ($1,000.00) per unit member with double coverage and twelve hundred dollars ($1,200.00) per unit member with family coverage. The District employer contribution for single coverage employee only will be always be covered under the ▇▇▇▇▇▇ single rate. Unit members who work eight (8) hours per day, ten (10) months per year are considered full-time for the purposes of this item and shall receive this benefit for twelve (12) months.
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Active Unit Members. Other 14.6.1. Unit members may participate in a Flexible Benefit Plan 125. Unit member contributions to the IRC (Internal Revenue Code) Section 125 Benefit Plan shall be in accordance with IRS regulations. 14.7. Retired Unit Members: Health, Dental and Vision 14.7.1. The District shall provide to unit members who have attained age 56, have worked for the district for at least ten (10) years, including district-approved leaves of absence and who are retiring under the provisions of the STRS system, a contribution for a period of five (5) years towards the cost of welfare benefits equal to the amount provided to active unit members as stipulated herein. Retiring unit members, who are eligible, may elect to participate in the cash in lieu of health benefits as described above. Unit members whose average FTE is less than 1.0 over the course of their employment with the District shall receive a prorated District contribution, based upon the average FTE for the last five (5) years of employment. The term of the District contribution is limited to a maximum of five (5) years from the date of retirement. 14.7.2. These benefits shall be integrated with Medicare when and if the unit member becomes eligible for Medicare coverage. 14.7.3. For the five (5) year period after retirement, participation in the district’s non-Kaiser health plans shall be limited to the retiree only. The spouse and eligible dependents of the retiree may elect to continue to participate in the Kaiser HMO, dental and vision care plans at their own expense during the five (5) year period of eligibility. At the end of the five (5) year period, retiree, retiree spouse and eligible dependent participation in district-sponsored health, dental, and vision care plans shall cease. 14.7.4. The District and PVTA will implement “Medicare Only” for unit members who were members of, or eligible to elect membership in, the State Teachers Retirement System.
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Active Unit Members. A. Eligibility for Health, Dental and Vision Insurance benefits Full time unit members (30 hours or more per week) will be eligible to receive health, dental and vision insurance benefits. Unit members working less than 30 hours per week may participate in the health, dental and vision insurance plans offered by the District by paying their own premiums. B. Health Insurance 1. The Spencerport Food Services Association will participate in the Blue Point2 health insurance plans. 2. The District’s contribution for medical insurance will be equal to 70% of the monthly premium for BluePoint2 Value. 3. Effective January 1, 2014 the District’s contribution for medical insurance will be equal to 72% of the monthly premium for Blue Point2 Value. 4. Effective July 1, 2015 the District’s contribution for medical insurance will be equal to 74% of the monthly premium for Blue Point2 Value. 5. Unit members may apply the district’s monetary contribution for medical insurance to any medical insurance plan available to unit members.
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Active Unit Members 
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Related to Active Unit Members

  • Membership Units The Company is initially organized with One (1) class of Membership Interests, designated in Units, which Units are initially the only class of equity in the Company. The Units shall have no par value and shall be of a single class with identical rights. The Company shall have a first lien on the Units of any Member for any debt or liability owed by such Member to the Company. Additional and different classes of Membership Interests represented by different Units may be created and issued to new or existing Members on such terms and conditions as the Governors may determine. Such additional and different classes may have different rights, powers and preferences (including, without limitation, voting rights and distribution preferences), which may be superior to those of existing Members. Members shall have no preemptive rights to acquire additional or newly created Units.

  • Management Members and Shares 8 2.1 Rights and Duties of the Manager. 8 2.2 Officers 9 2.3 Members. 9

  • Class B Units Class B Unitholders shall not be entitled to vote in any matters relating to the Company, unless otherwise reserved to the Members by the Act. In addition to the other rights and obligations of Class B Unitholders hereunder, Class B Units shall entitle the holder of such Class B Units to (i) Tax Distributions pursuant to Section 4.01(b), and (ii) a preferred return equal to the Class B Preferred Return Amount. The Class B Preferred Return Amount shall not be required to be paid annually but shall accrue and become payable at the earlier of (x) the fifth (5th) anniversary of the Effective Time, or (y) a liquidation of, or a taxable sale of substantially all of the assets of, the Company. Upon the occurrence of an event referenced in clause (y) above, each Class B Unitholder shall also be paid such Class B Unitholder’s Class B Preferred Return Base Amount, in addition to all of the outstanding, accrued and unpaid Class B Preferred Return Amount. On the seventh (7th) anniversary of the Effective Time, each Class B Unitholder may, at its option and in accordance with the notice and other procedural provisions set forth in Section 11.01(a) (the “7 Year Put Option”), sell all (but not less than all) of its Class B Units to the Company for an amount equal to such Class B Unitholder’s Class B Preferred Return Base Amount plus any outstanding and accrued Class B Preferred Return Amount of such Class B Unitholder (the “Class B Option Consideration”) and, upon the exercise of the 7 Year Put Option by any Class B Unitholder, the Company shall purchase all of such holder’s Class B Units for the Class B Option Consideration. Notwithstanding anything herein to the contrary, no Class B Preferred Return Amount shall be due and payable with respect to such Class B Units pursuant this Section 3.02(b) at such time or times specified in this Section 3.02(b) unless such Class B Units remain issued and outstanding at such time or times and no Redemption or Direct Exchange of such Class B Units described in Article XI hereof has occurred.

  • Shares; Membership Interests (a) The total of the membership interests in the Company shall be divided into (i) Class A Ordinary Shares having the rights and preferences as set forth herein (the “Class A Ordinary Shares”), (ii) Class A Preferred Shares having the rights and preferences as set forth herein (the “Class A Preferred Shares” and, together with the Class A Ordinary Shares, the “Class A Shares”), (iii) Class B Ordinary Shares having the rights and preferences as set forth herein (the “Class B Ordinary Shares”), and (iv) Class C Ordinary Share having the rights and preferences as set forth herein (the “Class C Ordinary Share” and, together with the Class A Ordinary Shares, the Class A Preferred Shares and the Class B Ordinary Shares, the “Shares” and each a “Share”). Class A Ordinary Shares, Class A Preferred Shares and Class B Ordinary Shares shall have the same rights, powers and duties, except as otherwise set forth in this Agreement. The number of Class A Ordinary Shares shall be limited to the maximum number of Class A Ordinary shares offered in the Offering, plus (i) the number of Class A Ordinary Shares which may be issued upon conversion of the Class A Preferred Shares, plus (ii) the number of Class A Ordinary Shares which may be issued upon conversion of the Class B Ordinary Shares. The number of Class A Preferred Shares shall be limited to the number of Class A Preferred Shares which may be issued pursuant to the Management Services Agreement. The number of Class B Ordinary Shares shall be limited to up to 1,000. The number of Class C Ordinary Shares shall be limited to one. Class A Preferred Shares issued pursuant to the Management Services Agreement (“ASA Shares”) may be subject to vesting provisions as set forth in the Management Services Agreement. The Shares of the Members shall be as set forth on Exhibit A attached hereto, which may be updated as set forth herein. For the avoidance of doubt, in the event that all of the Class A Ordinary Shares are not sold pursuant to the Offering, the Board shall, upon the final closing of the Offering, issue a number of Class A Ordinary Shares to the Initial Member equal to the aggregate number of Class A Ordinary Shares that remain unsold in the Offering, as repayment in full of any and all obligations owing to the Initial Member in respect of advances made to acquire the Artwork and true-up fees payable to the Initial Member. The name and mailing address of each Member or such Member’s representative shall be listed on the books and records of the Company maintained for such purpose by the Company or the Transfer Agent. (b) Prior to the date hereof and as set forth in the Original Agreement, the Initial Member has been issued 100% of the membership interests in the Company in return for a capital contribution of $100 (the “Prior Interests”). Upon execution of this Agreement, the Prior Interests shall be automatically converted into 1,000 Class B Ordinary Shares. As of the date of such conversion, the Class B Ordinary Shares shall constitute all of the membership interests of the Company and, prior to the issuance of Class A Ordinary Shares, Class A Preferred Shares and Class C Ordinary Share, shall have all of the rights and privileges of 100% of the membership interests in the Company afforded pursuant to this Agreement and applicable law. (c) Notwithstanding any provision to the contrary in this Agreement, the Board shall have full power and authority to schedule one or more closings to issue Class A Ordinary Shares and admit Members to the Company in accordance with the provisions of this Agreement. Any Person that acquires Class A Ordinary Shares and is admitted as a Member of the Company after the date hereof, shall, in connection with such Member’s acquisition of such Class A Ordinary Shares, be deemed to pay to the Company such Member’s pro rata share of any amounts used to acquire the Artwork, including any true-up fees and any other amounts paid to the Company by the previously admitted Members. (d) The Class A Members may elect to convert their Class A Preferred Shares into Class A Ordinary Shares, in whole or in part, at any time prior to the consummation of the Sale of the Artwork, subject to the terms and conditions herein, for no additional consideration. Each Class A Preferred Shares will automatically convert to one Class A Ordinary Share upon any Transfer of such Class A Preferred Shares to an entity that is not an Affiliate of the Administrator. (e) The Class B Members may elect to convert their Class B Ordinary Shares into Class A Ordinary Shares, in whole or in part, at any time prior to the consummation of the Sale of the Artwork, subject to the terms and conditions herein, for no additional consideration pursuant and to the following conversion formula: The number of Class A Ordinary Shares issuable upon conversion of Class B Ordinary Shares shall equal (A) the Value Increase, multiplied by (B) the Conversion Percentage, multiplied by (C) 20%, divided by (D) the Class A Ordinary Share Value. For purposes herein:

  • Layoff Units ‌ A. A layoff unit is defined as the entity or administrative/organizational unit within each college/district used for determining the available options for employees who are being laid off. B. The layoff unit(s) for each college/district covered by this Agreement are described in Appendix B.