Benefits Allowance Clause Samples
The Benefits Allowance clause defines the employer's obligation to provide a specified monetary amount or reimbursement to employees for certain benefits, such as health insurance, wellness programs, or other eligible expenses. Typically, this clause outlines the types of benefits covered, the maximum allowance available, and the process for claiming or receiving the allowance. Its core practical function is to ensure employees receive financial support for designated benefits, promoting employee well-being while providing clarity and predictability regarding the employer's contributions.
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Benefits Allowance. The District shall provide an HMO plan option for at least the first three years of this Agreement. The District shall provide teachers with a benefits allowance as a part of their total compensation package, consistent with the conditions in 26-1-1. The purpose of the benefits allowance is to provide teachers with a portion of total compensation that can be used to purchase benefits choices selected by the Benefits Board and contracted for by the Board of Education. The long-term goal of the District and the Association is to provide teachers with a benefits allowance that plays a significant role in enhancing the District’s competitive position in attracting and retaining teachers.
▇▇-▇ ▇ ▇▇▇ ▇▇▇▇▇▇▇▇ shall provide all teachers based on FTE on a pro-rate basis with a benefits allowance of $422.17 per month. Teachers working less than full time will receive the benefits allowance pro rated by their full time equivalency (FTE). Effective July 1, 2018 all new employees to the bargaining unit must purchase one of the District’s major medical plans in order to be eligible to receive a benefits allowance. Any savings resulting from this change to the benefits allowance structure that starts in 2018 will be applied to reduce future health insurance and other benefit costs. Using these savings, beginning with the benefits year starting July 1, 2018, the District will decrease the premiums for Employee Plus Children and Family coverage by at least $1200 annually ($100/month) on top of the $750 a year ($62.50/month) that the District is currently subsidizing these premiums. Therefore, the total subsidy for these plans will be at least $1950 annually.
Benefits Allowance. For each fiscal year during the Period of Employment, commencing on the date hereof, the Company shall provide you with an allowance of $20,000.00 to apply towards the purchase of additional benefits at your discretion. Such allowance shall be paid in equal quarterly installments (unless a pro-rata payment is to be made) on the closest payroll date on or following January 1, April 1, July 1 and October 1 of each calendar year, provided that you are employed with the Company on such date.
Benefits Allowance. For each fiscal year during the Period of Employment, commencing on the date hereof, the Company shall provide the Executive with an allowance of $20,000 to apply towards the purchase of additional benefits at the Executive’s discretion. Such allowance shall be paid in equal quarterly installments (unless a pro-rata payment is to be made) on the closest payroll date on or following January 1, April 1, July 1 and October 1 of each calendar year, provided that the Executive is employed with the Company on such date.
Benefits Allowance. Employees shall be paid an additional monthly sum as set out below, calculated and applied on a daily basis, in lieu of benefits and pro-rated for less than full time. Benefits Allowance: Effective 1 September 2014 - $45.02 per month. Effective September 2, 2010 there shall be an additional percentage added which shall equal the bargaining unit’s share of the Benefit allotment received as per the B:10 memo. This amount shall be based on the FTE of the bargaining unit in proportion to other employees within the Board.
Benefits Allowance. L16.01 After two (2) months of continuous employment, a Long Term Occasional Teacher will be paid an additional monthly sum as set out below, calculated and applied on a daily basis, in lieu of benefits.
Benefits Allowance. 15.01 After two (2) months of continuous employment, a Long Term Occasional Teacher will be paid an additional monthly sum as set out below, calculated and applied on a daily basis, in lieu of benefits. Benefits Allowance: 1 September 2008 $40.80 1 September 2009 $41.62 1 September 2010 $42.87 1 September 2011 $44.16
Benefits Allowance. The District shall provide teachers with a benefits allowance as a part of their total compensation package. The purpose of the benefits allowance is to provide teachers with a portion of total compensation that can be used to purchase benefits choices selected by the Benefits Board and contracted for by the Board of Education. The District and the Association also agree that the purpose of the benefits allowance is not to merely provide an amount equal to the premiums of health, dental and vision insurance. The long- term goal of the District and the Association is to provide teachers with a benefits allowance that plays a significant role in enhancing the District’s competitive position in attracting and retaining teachers.
30-1 1 For the period of July 1, 2008, through June 30, 2009, the District shall provide all teachers based on FTE on a pro-rate basis with a benefits allowance of $405.00 per month. Teachers working less than full time will receive the benefits allowance pro rated by their full time equivalency (FTE).
Benefits Allowance. In lieu of benefits (Article 18 and 19 of the Full Time Bargaining Unit Employees Collective Agreement), employees shall receive a benefit allowance of twelve percent (12%) added to the wage rates paid to employees in the Full Time Bargaining Unit. The classifications and the rates of pay for each classification shall be those set out in the attached schedule hereto and marked as “B”.
Benefits Allowance. L16.01 See Article C5.00
Benefits Allowance. $50.00 per month.