Common use of Benefits Contribution Clause in Contracts

Benefits Contribution. A faculty member qualifying for an early separation incentive payment(s) as provided in this section shall have an amount equivalent to the Employer contribution for one year’s health insurance premiums deposited in his/her health care savings plan at the time of separation. In the event of death, such benefits shall be made to the beneficiary designated by the faculty member under a State retirement program, or lacking any such beneficiary, to the faculty member’s estate.

Benefits Contribution. A faculty member qualifying for an early separation incentive payment(s) as provided in this section shall have an amount equivalent to the Employer contribution for one year’s health insurance premiums deposited in his/her the faculty member’s health care savings plan at the time of separation. In the event of death, such benefits shall be made to the beneficiary designated by the faculty member under a State retirement program, or lacking any such beneficiary, to the faculty member’s estate.

Benefits Contribution. A faculty member qualifying for an early separation incentive payment(s) as provided in this section Section shall have an amount equivalent to the Employer contribution for one year’s health insurance premiums deposited in his/her health care savings plan at the time of separation. In the event of death, such benefits shall be made to the beneficiary designated by the faculty member under a State retirement program, or lacking any such beneficiary, to the faculty member’s estate.

Benefits Contribution. A faculty member qualifying for an early separation incentive payment(s) as provided in this section shall have an amount equivalent to the Employer share of the health insurance premium contribution for one year’s health insurance premiums , calculated at the rates in effect at the time of separation, deposited in his/her the faculty member’s health care savings plan at the time of separation. In the event of deathfaculty member’s death prior to the contribution to the health care savings plan, such benefits shall be made to the beneficiary designated distributed as provided by the faculty member under a State retirement program, or lacking any such beneficiary, to the faculty member’s estatelaw.