Benefits Contribution Clause Samples

The Benefits Contribution clause outlines the responsibilities of parties regarding the payment or provision of employee benefits, such as health insurance, retirement plans, or other welfare programs. Typically, this clause specifies which party—employer or contractor—is responsible for making contributions to these benefit plans, and may detail the timing, amount, or method of such contributions. Its core practical function is to ensure clarity and prevent disputes by clearly allocating the obligation for benefits funding between the parties involved.
Benefits Contribution. A faculty member qualifying for an early separation incentive payment(s) as provided in this section shall have an amount equivalent to the Employer contribution for one year’s health insurance premiums deposited in the faculty member’s health care savings plan at the time of separation. In the event of death, such benefits shall be made to the beneficiary designated by the faculty member under a State retirement program, or lacking any such beneficiary, to the faculty member’s estate.
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Benefits Contribution. 7 Effective October 1, 2018, the District base contribution for health and welfare benefits shall remain fixed 8 at a minimum of $1,000 per eligible employee, per month and this contribution shall be pooled and 9 allocated in a manner determined by the MINT. However, substantive changes may be brought to the 10 FUSE Executive Board and/or the FUSE membership by the FUSE MINT representatives. The employee's 11 share of the health and welfare premiums as established by the MINT, shall be paid for by the employee 12 through payroll deduction.
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Benefits Contribution. 15.2.1 The district shall provide a maximum of $10,000 per year to each unit member for health and welfare benefits. 15.2.1.1 Single or family health insurance plan, 15.2.1.2 Single or family dental insurance plan, 15.2.1.3 The District and the Association will mutually agree to a life insurance carrier. 15.2.1.4 Single or family vision insurance plan, which includes annual exams, annual lens replacement if the prescription changes, and bi-annual frames.
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Related to Benefits Contribution

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.