Benefits and Contributions Sample Clauses
The "Benefits and Contributions" clause defines how the parties to an agreement will share, allocate, or provide specific benefits and contributions related to their collaboration. This clause typically outlines what each party is expected to contribute—such as resources, funding, intellectual property, or services—and how any resulting benefits, like profits, recognition, or access to results, will be distributed. Its core practical function is to ensure transparency and fairness in the allocation of both inputs and rewards, thereby preventing disputes and clarifying expectations from the outset.
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Benefits and Contributions. Contractor is not entitled to or eligible for any benefits that Company may make available to its employees, such as group insurance, profit-sharing, or retirement benefits. Because Contractor is an independent contractor, Company will not withhold or make payments for social security, make unemployment insurance or disability insurance contributions, or obtain workers’ compensation insurance on behalf of Contractor. If, notwithstanding the foregoing, Contractor is reclassified as an employee of Company, or any affiliate of Company, by the U.S. Internal Revenue Service, the U.S. Department of Labor, or any other federal or state or foreign agency as the result of any administrative or judicial proceeding, Contractor agrees that Contractor will not, as the result of such reclassification, be entitled to or eligible for, on either a prospective or a retrospective basis, any employee benefits under any plans or programs established or maintained by Company.
Benefits and Contributions. 1. The District shall contribute on behalf of each full-time certified staff member in the bargaining unit the full cost of health, dental, vision, and life insurance up to $1587 per month. The District will pay a proportional amount of the above listed rates on behalf of each part time member, based upon hours worked.
2. Certified staff members who select an insurance plan option with premium costs below the District cap of $1587 shall receive a percentage of the difference between the total premium cost and the District cap shall receive a percentage of the difference between the total premium cost and the District cap (referred to as the “difference amount”). A percentage of the difference amount will be credited monthly under a Section 125 plan, and available for use toward plan benefits, or to be paid in cash, as described below, and in accordance with the terms of the Section 125 plan.
3. Specifically, 40% of the difference amount up to $500 will be credited to the Section 125 plan and the remaining amount will be paid in cash less two [2%] percent for associated payroll costs. The Section 125 plan also permits certified staff members to elect to receive plan credits in the form of cash, but if a member elects to receive the difference amount in cash, only 38% of the difference amount will be available for a cash distribution. To the extent a member elects to receive a portion of the difference amount in cash, the member will pay state and federal income and payroll taxes on the amount of the cash received, and the District will pay its portion of the payroll taxes. The portion of the difference amount that is not utilized under the Section 125 plan (i.e., amounts not actually paid out in cash, or not actually used for non-cash benefits under the plan) will be retained by the District. In addition, in accordance with the terms of the Section 125 plan and the applicable IRS rules, amounts credited toward benefits under the Section 125 plan, but not utilized for benefits, will be forfeited.
4. In lieu of receiving a percentage of the difference amount, a certified staff member who chooses an HSA-compatible plan (MODA or Kaiser) will receive a District contribution of up to $250 per month ($3000 total), not to exceed the District cap, into a Health Savings Account (HSA).
Benefits and Contributions. You are not entitled to or eligible for any benefits that the Company may make available to its employees, such as group insurance, profit-sharing, or retirement benefits. Because you are an independent contractor, the Company will not withhold or make payments for social security, make unemployment insurance or disability insurance contributions, or obtain workers’ compensation insurance on your behalf. If, the foregoing notwithstanding, you are reclassified as an employee of the Company, or any affiliate of the Company, by the U.S. Internal Revenue Service, the U.S. Department of Labor, or any other federal or state agency as the result of any administrative or judicial proceeding, you agree that you will not, as the result of such reclassification, be entitled to or eligible for, on either a prospective or a retrospective basis, any employee benefits under any plans or programs established or maintained by the Company.
Benefits and Contributions. Neither Contractor nor any of its employees or agents is entitled to or eligible for any benefits that Company may make available to its employees, such as group insurance, profit-sharing, or retirement benefits. Because Contractor is an independent contractor, Company will not withhold or make payments for social security, make unemployment insurance or disability insurance contributions, or obtain workers’ compensation insurance on behalf of Contractor or any of its employees or agents.
Benefits and Contributions. Contractor is not entitled to or eligible for any benefits that Company may make available to its employees, such as group insurance, profit-sharing, or retirement benefits. Because Contractor is an independent contractor, Company will not withhold or make payments for social security, make unemployment insurance or disability insurance contributions, or obtain workers’ compensation insurance on behalf of Contractor. If, notwithstanding the foregoing, Contractor is reclassified as an employee of Company by any federal or state agency as the result of any administrative or judicial proceeding, Contractor agrees that Contractor will not, as the result of such reclassification, be entitled to or eligible for, on either a prospective or a retrospective basis, any employee benefits maintained by Company.
Benefits and Contributions. Neither Osprey nor any of its employees or agents is entitled to or eligible for any benefits that Customer may make available to its employees,
Benefits and Contributions. You are not entitled to or eligible for any benefits that Cherry may make available to its employees, such as group insurance, profit-sharing or retirement benefits. Cherry will not withhold or make payments for social security, make unemployment insurance or disability insurance contributions, or obtain workers’ compensation insurance on your behalf. If, notwithstanding the foregoing, you are reclassified as an employee of Cherry by the U.S. Internal Revenue Service (“IRS”), the U.S. Department of Labor, or any other federal, state, local or foreign court or agency, you agree that, to the fullest extent permitted by applicable law, you will not, as the result of such reclassification, be entitled to or eligible for, on either a prospective or retrospective basis, any employee benefits under any plans or programs established or maintained by Cherry.
Benefits and Contributions. Contractor is not entitled to, or eligible for, any benefits that the Company, its parents, subsidiaries, affiliates, or other related entities may make available to its employees, such as group health insurance, disability insurance, life insurance, profit-sharing, or any other retirement or employment benefits. Contractor shall, in no event, directly or indirectly, claim entitlement to coverage under any benefit maintained by the Company.
Benefits and Contributions. The Employer agrees to comply with and adopt the contribution rates and Plan modifications approved by the Trustees of the Southern California United Food and Commercial Workers Unions and Drug Employers Pension Fund (“Drug Pension Fund”) for the life of this Agreement. Beginning March 7, 2022, the Employer agrees to continue its current contribution rate of $1.930 per hour, for hours on which contributions are required by the current Collective Bargaining Agreement.
Benefits and Contributions. Total Wage Packages as Set Out In Shall Be Amended Effective Dollars ($2.00) May Increase of .One Dollar ($1.00) May Increase of Seventy-Five Cants (756) Total Increase of Three Dollars and Seventy-Five Cents ($3.75) per hour over the term of this Agreement. The increases are incorporated into the following schedules. The allocation of the wage package shall be provided by the applicable Local Union in writing. The parties agree, a Local Union may the breakdown of the wage package with thir- ty (30) days written notice but in no case will it affect the amount of the wage package. The Employer agrees to forward to the Administrator employer contributions at the hourly rate as set out in Article for each person performing work under this collective agree- ment by the fifteenth of the month following the month in which contributions are earned.