Common use of Amount of Buy-Out Clause in Contracts

Amount of Buy-Out. An employee who is eligible for individual or family coverage will receive an amount equivalent to fifty percent of the Employer’s annual premium contribution for individual, “two- person” or family coverage. For example, if the Town is contributing 85% of a $13,000 premium for family coverage, or $11,050, the amount of the buy-out would be 50% of $11,050, or $5,525. The buy-out is subject to applicable taxes.

Amount of Buy-Out. An The employee who is eligible for individual or family coverage will receive an amount equivalent to fifty forty percent of the EmployerTown’s annual premium contribution for the coverage the employee is eligible for (individual, “two- two-person” , or family coveragefamily). For example, if the Town is contributing 8580% of a $13,000 premium for family coverage, or $11,050, the amount of the buy-out would be 5040% of $11,05010,400, or $5,5254160. The buy-out is subject to applicable taxes.

Amount of Buy-Out. An The employee who is eligible for individual or family coverage will receive an amount equivalent to fifty forty percent of the EmployerTown’s annual premium contribution for the coverage the employee is eligible for (individual, “two- two-person” , or family coveragefamily). For example, if the Town is contributing 8580% of a $13,000 premium for family coverage, or $11,05010,400, the amount of the buy-out would be 5040% of $11,050, or $5,525. The buy-out is subject to applicable taxes.of

Amount of Buy-Out. An The employee who is eligible for individual or family coverage will receive an amount equivalent to fifty twenty percent of the EmployerTown’s annual premium contribution for the coverage the employee is eligible for (individual, “two- two-person” or family coverage. For example, if the Town is contributing 85% of a $13,000 premium for family coverage, or $11,050, the amount of the buy-out would be 50% of $11,050, or $5,525family). The buy-out is subject to applicable taxes.

Amount of Buy-Out. An The employee who is eligible for individual or family coverage will receive an amount equivalent to fifty forty percent of the EmployerTown’s annual premium contribution for the coverage the employee is eligible for (individual, “two- two-person” , or family coveragefamily). For example, if the Town is contributing 8580% of a $13,000 premium for family coverage, or $11,05010,400, the amount of the buy-out would be 5040% of $11,05010,400, or $5,5254,160. The buy-out is subject to applicable taxes.

Amount of Buy-Out. An employee who is eligible for individual or family coverage will receive an amount equivalent to fifty percent of the Employer’s annual premium contribution for individual, “two- person” or family coverage. For example, if the Town is contributing 85% of a $13,000 premium for family coverage, or $11,050, the amount of the buy-out would be 50% of $11,050, or $5,525. The buy-buy- out is subject to applicable taxes.

Amount of Buy-Out. An The employee who is eligible for individual or family coverage will receive an amount equivalent to fifty forty percent of the EmployerTown’s annual premium contribution for the coverage the employee is eligible for (individual, “two- two-person” , or family coveragefamily). For example, if the Town is contributing 8582% of a $13,000 premium for family coverage, coverage (or $11,05010,660), the amount of the buy-out would be 5040% of $11,05010,660, or $5,5254264. The buy-out is subject to applicable taxes.