Common use of Amount of Buy-Out Clause in Contracts

Amount of Buy-Out. The employee will receive thirty percent of the annual premium for the coverage the employee is eligible (e.g. Employee + Spouse; Family). The buy-out is subject to applicable taxes.

Amount of Buy-Out. The employee will receive thirty thirty-five percent of the Employer’s annual premium contribution for the coverage the employee is eligible for (e.g. Employee + Spouse; Familyindividual, two-person, or family). For example, if the Employer is contributing 80% of a $13,000 premium for family coverage, or $10,400, the amount of the buy-out would be 35% of $10,400, or $3640. The buy-out is subject to applicable taxes.

Amount of Buy-Out. The employee will receive thirty forty percent of the Employer’s annual premium contribution for the coverage the employee is eligible for (e.g. Employee + Spouse; Familyindividual, two-person, or family). For example, if the Employer is contributing 90% of a $14,500 premium for family coverage, the amount of the buy-out would be 40% of $13,050, or $5220. The buy-out is subject to applicable taxes.

Amount of Buy-Out. The employee will receive thirty forty percent of the Employer’s annual premium contribution for the coverage the employee is eligible for (e.g. Employee + Spouse; Familyindividual, two-person, or family). For example, if the Employer is contributing 80% of a $13,000 premium for family coverage, or $10,400, the amount of the buy-out would be 40% of $10,400, or $4160. The buy-out is subject to applicable taxes.