Common use of Amount of Buy Clause in Contracts

Amount of Buy. Out: Each year, an eligible employee will receive an amount equal to the annual premium co-payment for the employee’s contribution to the alternate medical insurance plan (excluding dental and vision) multiplied by 1.32 plus one thousand dollars. In no event will the buy-out exceed $10,000. For example, if the annual premium co-pay for the alternate plan is $2800, the amount of the buy-out would be $2800 X 1.32 = $3696 + $1000 = $4696. The buy-out is subject to applicable taxes.

Amount of Buy. Out: Each year, an the eligible employee will receive an amount equal to the contribution to the annual premium co-payment for the employee’s contribution to the alternate medical insurance plan (excluding dental and vision) multiplied by 1.32 plus one thousand dollars. In no event The maximum the Town will the pay for a buy-out exceed is $10,00012,000. For example, The buy-out is subject to applicable taxes. Example: if the contribution to the annual premium co-pay for the alternate plan is $2800, the amount of the buy-buy- out would be $2800 X 1.32 = $3696 + $1000 = $4696. The Another example: if there is no contribution to the annual premium for the alternate plan, the amount of the buy-out is subject to applicable taxeswould be $0 X 1.32 = $0 + $1000 = $1000.

Amount of Buy. Out: Each year, an eligible employee will receive an amount equal to the annual premium co-payment for the employee’s contribution to the alternate medical insurance plan (excluding dental and vision) multiplied by 1.32 plus one thousand dollars. In no event will the buy-out exceed $10,000. For example, if the annual premium co-pay for the alternate plan is $2800, the amount of the buy-out would be $2800 X 1.32 = $3696 + $1000 = $4696. The buy-out is subject to applicable taxes. For another example, if there is no annual premium co-pay for the alternate plan, the amount of the buy- out would be $0 X 1.32 = $0 + $1000 = $1000. The buy-out is subject to applicable taxes.

Amount of Buy. Out: Each year, an the eligible employee will receive an amount equal to the contribution to the annual premium co-payment for the employee’s contribution to the alternate medical insurance plan (excluding dental and vision) multiplied by 1.32 1.25 plus one thousand dollars. In no event The maximum the Town will the pay for a buy-out exceed is $10,00012,000. For example, The buy-out is subject to applicable taxes. Example: if the contribution to the annual premium co-pay for the alternate plan is $2800, the amount of the buy- out would be $2800 X 1.25 = $3500 + $1000 = $4500. Another example: if there is no contribution to the annual premium for the alternate plan, the amount of the buy-out would be $2800 0 X 1.32 1.25 = $3696 0 + $1000 = $4696. The buy-out is subject to applicable taxes1000.

Amount of Buy. OutOut and Method of Payment: Each year, an eligible employee will receive an amount equal to the annual premium co-payment for the employee’s contribution to the alternate medical insurance plan (excluding dental and vision) multiplied by 1.32 plus one thousand dollars. In no event will the buy-out exceed $10,0007000. For example, if the annual premium co-pay for the alternate plan is $2800, the amount of the buy-out would be $2800 X 1.32 = $3696 + $1000 = $4696. The buy-out is subject to applicable taxes.