Common use of Cash in Lieu of Health Insurance Clause in Contracts

Cash in Lieu of Health Insurance. Employees (who would otherwise be eligible for health insurance) who do not elect to be covered by any Board-paid health insurance or any Board sponsored health insurance plan in the District shall receive additional salary in the following amount: If four or fewer employees elect the option - $900.00/year If five employees elect the option - $2,000.00/year If six or more employees elect the option - $2,500.00/year The number of employees electing the option shall be determined at the close of business on the last day of the open enrollment period. The total amount shall be made in two payments. The first payment shall be paid to the employee in the second payroll in January. The second payment shall be paid to the employee in the second payroll in June.

Cash in Lieu of Health Insurance. Employees (who would otherwise be eligible for health insurance) who do not elect to be covered by any Board-paid health insurance or any Board sponsored health insurance plan in the District shall receive additional salary in the following amount: If four or fewer employees elect the option - $900.00/year If five employees elect the option - $$2,000.00/year If six or more employees elect the option - $2,500.00/year The number of employees electing the option shall be determined at the close of business on the last day of the open enrollment period. The total amount shall be made in two payments. The first payment shall be paid to the employee in the second payroll in January. The second payment shall be paid to the employee in the second payroll in June.