5.3 ERMUSR 09-08-2020 - Laserfiche WebLink

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executive position under the Fair Labor Standards Act (FLSA) and the Minnesota Fair Labor Standards Act (MFLSA) and, in accordance with those laws, shall not be subject to the payment of premium compensation, or to receiving compensatory time, for overtime. 3.2.Performance Measurement Incentive Compensation. Employee will be eligible to fully participa -based compensation earned by eligible employees (those currently employed who are in good standing) in accordance with the terms and conditions and incentive achievement formulae adopted annually by the Utilities Commission and set forth in a UPMIC document. To be eligible to receive an award under UPMIC if one is achieved, the Employee must remain employed by the Utilities at the time such award is to be made. 4.Employee Benefits will be entitled to participate in all retirement savings plans, health or other insurance plans, and other employee benefits and policies made available by the Utilities to its employees generally,as they may be changed from time to time.Such retirement plans include, specifically, the Public Employees Retirement Association (PERA). The Utilities shall make contributions to a retirement plan account established for Employee in PERA as prescribed by law and in accordance with the terms and conditions of such PERA retirement plan. Other such benefits and policies include paid sick leave and paid holidays; but Employee will receive paid Vacation pursuant to this Agreement as set forth below notwithstanding the paid vacation benefit otherwise provided for Utilities employees generally. Employee acknowledges and agrees that the Utilities is under no obligation to Employee to establish and maintain any employee benefit plan in which Employee may participate, and that the terms and provisions of any employee benefit plan of the Utilities are matters within the exclusive province of the employment, Employee will be entitled to continue those benefits as to which continuation is required by state or federal law. Vacation and Holidays. The Utilities agrees that Employee will be entitled topaid time vacation timeof up tofive weeks per year without reduction of the minimum annual base salary payable to Employee pursuant to Section 3.1 of this Agreement. All terms and conditions for paid vacation other than the amount available annually (which is as set forth in this paragraph) including terms for annual carryover of vacation time and for pay out of such time upon the end of employment will be as otherwise applicable to all Utilities employees. Professional and Civic Dues, Fees, and Expenses.The Utilities shall pay for attendance at professional and civic organizations and events and conferences reasonably require that the Utilities Commission approve such dues, fees, and expenses in advance of their being incurred. Page 2of15 68