Additional Life Insurance. The Administrator will have the option to purchase additional term life insurance with pre-tax dollars, to a maximum of $300,000 (if permitted by the insurance company) at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will be required after the initial enrollment period.
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Samples: Council Agreement, secure.munetrix.com
Additional Life Insurance. The Administrator Each staff member will have the option to purchase additional term life insurance with pre-tax dollars, to a maximum of $300,000 (if permitted by the insurance company) at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will be required after the initial enrollment period.
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Samples: secure.munetrix.com, www.mackinac.org
Additional Life Insurance. The Administrator Each employee will have the option to purchase additional term life insurance with pre-tax dollarsdollars (if permitted by IRS rules), to a maximum of $300,000 (if permitted by the insurance company) at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will be required after the initial enrollment periodfor amounts in excess of $100,000.
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Samples: secure.munetrix.com, Schools Office Personnel Agreement
Additional Life Insurance. The Administrator Assistant Superintendent will have the option to purchase additional term life insurance with pre-tax dollars, to a maximum of $300,000 (if permitted by the insurance company) at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will be required after the initial enrollment period.
Appears in 1 contract
Samples: Assistant Superintendent Contract
Additional Life Insurance. The Administrator will have the option to purchase additional term life insurance with pre-pre- tax dollars, to a maximum of $300,000 (if permitted by the insurance company) at the beginning of each Flex Election period. Any amount in excess of $50,000 will be considered as additional imputed income in compliance with current IRS regulations. Evidence of insurability will be required after the initial enrollment period.
Appears in 1 contract
Samples: secure.munetrix.com