Cash in Lieu of Health Plan Sample Clauses

Cash in Lieu of Health Plan. If one (1) to two (2) employees elect the “cash optionin lieu of health benefits, the Board shall pay $100/month, if three (3) to four (4) employees elect the “cash option” in lieu of health benefits, the Board shall pay $200/month, and if five (5) or more employees elect the “cash option” in lieu of health benefits, the Board shall pay $300/month toward the following cash option provided through the district’s Section 125 plan: cash, group term life, loss of time, and Board approved annuity. The number of employees shall be determined by census at the end of the enrollment period and paid in the first payroll in January.
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Related to Cash in Lieu of Health Plan

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