Common use of Benefit Option Plan Clause in Contracts

Benefit Option Plan. In lieu of all benefits except for shift differential, call back pay, standby pay, and longevity increments, a full-time or part-time nurse may elect a fifteen percent (15%) wage differential. This election must occur when first eligible for benefits at hire or within ten (10) days of the signing of this Agreement, whichever is later, or annually on dates designated in advance by the Employer, providing enrollment is approved by the carrier. Nurses will be given advance notice of such dates. Thereafter, no change in benefit compensation shall be granted during the term of this Agreement. Any accrued vacation shall be paid to the nurse at the time the nurse elects the fifteen percent (15%) wage differential.

Benefit Option Plan. In lieu of all benefits except for shift differential, call back pay, standby pay, and longevity increments, a full-time or part-part time nurse may elect a fifteen percent (15%) wage differential. This election must occur when first eligible for benefits at hire or within ten (10) days of the signing of this Agreement, whichever is later, or annually on dates designated in advance by the Employer, providing enrollment is approved by the carrier. Nurses will be given advance notice of such dates. Thereafter, no change in benefit compensation shall be granted during the term of this Agreement. Any accrued vacation shall be paid to the nurse at the time the nurse elects the fifteen percent (15%) wage differential.