Employee Cost-Sharing Agreement Sample Clauses

Employee Cost-Sharing Agreement. Pension Contribution for Represented EAGLES Members on the 2.7 percent at 55 (2.7@55) Pension Formula Employees will be responsible for sharing in the cost for this benefit enhancement with the City through a payroll deduction. The City will make the deduction on a pre-tax basis to the extent permitted under State and Federal law. The City makes no representation as to the taxable nature of this deduction and each employee shall retain liability for his or her own taxes. The amount of the cost-share payroll deduction will continue to be 3.5 percent of salary beginning in the first pay period that ends in July 2013. The 3.5 percent cost share will continue on an ongoing basis, unless the PERS employer rate decreases below 21.053 percent, the rate in effect for FY 2012-13. In years in which the PERS employer rate is below 21.053 percent, the cost share will temporarily decrease by 0.25 percent for each full 0.50 percent the PERS employer rate decreases below 21.053 percent (changes in the PERS employer rate will not be rounded). After decreasing below 21.053 percent, if the PERS employer rate increases again, the cost share will increase by 0.25 percent for each full 0.50 percent increase in the employer rate. The maximum cost share decrease will be 1 percent, with the 2.5 percent cost share continuing on an ongoing basis. In no case shall the cost share amount be more than 3.5 percent. The cost share is in addition to the employee-paid PERS member contribution of

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Employee Cost-Sharing Agreement. Pension Contribution for Represented SEIU Members on the 2.7 percent at 55 (2.7@55) Pension Formula Employees will contribute three and one-half percent (3.5%) cost share for the PERS benefit. The withheld amount will be before tax and the amount excluded from taxable income per 414(h)(2) IRS provision. Both the City and the Union understand that the cost-sharing agreement is subject to meet-and-confer at the end of this contract.

Employee Cost-Sharing Agreement. In consideration that the City will have an increased cost associated with the enhanced PERS formula, the employees agree to share this cost with the City at the following rate: Year 1—Employees will continue to cost share three and one-quarter percent (3.25%) that was in effect from the previous contract. Year 2—Effective the first pay period ending July 2013, SEIU members have agreed to an additional one-quarter percent (0.25%) to be used by the City to pay for the PERS benefit (total of three and one-half percent (3.5%) withheld in Year 2 for the cost share for the PERS benefit). Year 3—Employees will continue to pay three and one-half percent (3.5%) cost share for the PERS benefit. The withheld amount will be before tax and the amount excluded from taxable income per 414(h)(2) IRS provision. Both the City and the Union understand that the cost-sharing agreement is subject to meet-and-confer at the end of this contract.

Employee Cost-Sharing Agreement. In consideration that the City will have an increased cost a ssociated with the enhanced PERS formula, the employees agree to share this cost with the City at the following rate: Year 1—Effective the first pay period ending July 2006, one percent (1.0%) to be withheld to be used by the City to prepay toward the City portion of the enhanced PERS benefit. Year 2—Effective the first pay period ending July 2007, an additional one percent (1.0%) to be withheld to be used by the Ci ty to pay for the additional cost for the enhanced PERS benefit (total of two perc ent (2.0%) will be withheld in Year 2). Year 3—Effective the first pay period ending July 2008, an additional one and one- quarter percent (1.25%) to be withheld to be used to pay fo r the additional cost for the enhanced PERS benefit (total of thr ee and one-quarter percent (3.25%) will be withheld in the third year). The withheld amount will be before tax and the amount excluded from taxable income per 414(h)(2) IRS provision. Both the City and the Union understand that the cost-sharing agreement is subject to meet-and-confer at the end of this contract.

Employee Cost-Sharing Agreement. Employees will be responsible for sharing in the cost for this benefit enhance- ment with the City by making cumulative payroll deductions. The payment schedule shall be as follows: Effective the first pay period ending July 2006, the employee will contribute two percent (2%) contributions towards the employer's costs of 2.7 percent at 55. Effective the first pay period ending July 2007, the employee will contribute no incremental costs for 2.7 percent at 55. A total of two percent (2%) contribu - tions will be made by the employees in the second year. This does not include the one percent (1%) employee PERS contribution. Effective the first pay period ending July 2008, the employee will contribute one-half of one percent (0.5%) incremental costs for 2.7 percent at 55. A total of two and one-half percent (2.5%) will be deducted in the third year. Effective the first pay period ending July 2009, the employee will contribute no incremental costs for 2.7 percent at 55. A total of two and one-half percent (2.5%) will be deducted in the fourth year. The two and one-half percent (2.5%) cost share continued in Fiscal Year 2010-11 and will continue in Fiscal Year 2011-12. City and EAGLES agree that the cost-sharing agreement is subject to meet and confer at the end of the contract. These payments will be made pretaxed and deducted after cost-of-living adjustments are calculated on base salaries. The City and EAGLES agree to evaluate the possibility of the employee-paid employer contributions being credited to employees' accounts by XXXX.

Related to Employee Cost-Sharing Agreement

• Revenue Sharing Agreement This Note is subject to the Company’s Revenue Sharing Agreement attached hereto as Exhibit B as if all the terms of the Revenue Sharing Agreement were set forth in this Note.
• Employee Compensation Upon Separation An Employee, upon her separation from employment, shall be compensated for vacation leave to which she is entitled.
• Employee Contribution Eligible employees shall contribute one percent (1%) of their salary on a per pay period basis to the HCSP.
• Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.
• Employee Compensation The wages, salaries and other compensation paid to employees who will be employed for the benefit of the Project, and to others who perform special services for the benefit of the Project, to the extent not otherwise paid through a Cash Management System, shall be paid by Owner from a Project Account pursuant to this Section 9.2.
• Retroactive Pay for Terminated Employees An employee who has retired or severed his/her employment between the termination date of this Agreement and the effective date of the new Agreement shall receive the full retroactivity of any increase in wages, salaries or other benefits.
• Compensation for Convenience Termination If City shall terminate for its convenience as herein provided, City shall compensate Consulting Engineer/Architect for all Engineering/Architectural Services satisfactorily completed to date of its receipt of the termination notice and any additional Engineering/Architectural Services requested by City to bring the Project to reasonable termination. Compensation shall not include anticipatory profit or consequential damages, neither of which will be allowed.
• Dependent Care Salary Reduction Plan The Employer agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this Agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by federal tax law or regulation.
• Employee Contributions (a) Each participant shall be allowed to contribute on a bi-weekly basis up to an amount equal to eighty percent (80%) of the Participant’s wage. Such bi-weekly wage deductions shall be in increments of one percent (1%) and shall be contributed to the Participant’s account. The participant may contribute on a pre-tax, after-tax, Xxxx basis or any combination.
• Reciprocal Compensation Traffic Telecommunications traffic originated by a Customer of one Party on that Party’s network and terminated to a Customer of the other Party on that other Party’s network, except for Telecommunications traffic that is interstate or intrastate Exchange Access, Information Access, or exchange services for Exchange Access or Information Access. The determination of whether Telecommunications traffic is Exchange Access or Information Access shall be based upon Verizon’s local calling areas as defined by Verizon. Reciprocal Compensation Traffic does not include the following traffic (it being understood that certain traffic types will fall into more than one (1) of the categories below that do not constitute Reciprocal Compensation Traffic): (1) any Internet Traffic;