Cash in Lieu of Medical Benefits Sample Clauses

Cash in Lieu of Medical Benefits. In lieu of subscribing to the Board provided health insurance, an employee who works at least thirty (30 hours a week and thirty-eight (38) weeks or more per year may select the cash in lieu option. Cash option is $3,500.00. The cash option will be disbursed over twenty- four (24) pay periods. Cash in lieu will not be paid on the 3rd pay of the month. Employees newly eligible for insurance coverage as of July 1, 2016 will receive cash in lieu of $2,400.00 rather than $3,500.00.
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Cash in Lieu of Medical Benefits. In Lieu of subscribing to the Board provided medical insurance, an eligible employee may elect to receive $3500 per school year.
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Cash in Lieu of Medical Benefits. 16.4.8.1 Employees Hired After October 1, 2013
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Cash in Lieu of Medical Benefits. In lieu of subscribing to the Board provided health insurance, an employee who works at least thirty (30) hours a week and at least thirty-eight (38) weeks per year may select the cash in lieu option. Cash option is based on 75% of the single-subscriber Versatile plan. The cash option will be disbursed over twenty- four (24) pay periods. Cash in lieu will not be paid on the 3rd pay of the month. Eligible employees may waive vision and dental coverage and receive cash in lieu of 75% of the single subscriber WMHIP Versatile Plan premium.
Sample 1
Cash in Lieu of Medical Benefits. In lieu of subscribing to the Board provided medical insurance, an eligible employee may select the cash option equal in dollar amount to 75% of the single subscriber premium rate for the Versatile Plan for 2011-12 and 2012- 13. During the 2011-12 school year, drivers that did not work 30 hours or more in the 2010-11 school year will receive the cash option pro-rated equal to their average hours worked from the previous school year. Beginning with the 2012-13 school year, pro-rated benefits, including cash in lieu, will be eliminated for drivers that did not average 6 hours per day the previous school year.
Sample 1
Cash in Lieu of Medical Benefits. 4.4.7.1 For full-time members the cash in lieu amount is $4,314. The amount is pro-rated for less than full time members based on their FTE. 4.4.7.2 If a unit member shows evidence of current medical coverage (e.g., as a dependent of spouse or registered domestic partner, VA, Covered CA) he or she may opt out of the District’s medical plan.
Sample 1
Cash in Lieu of Medical Benefits. Effective July 1, 2023, upon providing proof of alternative minimum essential medical coverage for the employee and the employee’s tax family, employees may choose to opt-out of the City’s medical coverage and be provided with a cash payment of three hundred and fifty dollars ($350) per month beginning the first full pay period after sufficient proof is provided. Employees must annually provide proof of alternative minimum essential coverage each plan year, during open enrollment to continue eligibility. f. Employees who are covered by the City for health insurance as a dependent of another city employee are ineligible for the $350 per month stipend. g. The City maintains the right to select, change, or modify medical plans or providers, as the level of benefits remain substantially the same.
Sample 1
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Cash in Lieu of Medical Benefits. In lieu of subscribing to the Board provided medical insurance, an eligible employee may elect to receive $3,500.00 per school year. As of July 1, 2016, employees newly eligible for insurance coverage will receive cash in lieu of $2,400 rather than $3,500. Hours worked beginning at route selection through June 30 each fiscal year shall be included in the calculation for determination of medical and dental insurance, and cash in lieu eligibility for the following year.
Sample 1

Related to Cash in Lieu of Medical Benefits

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • SUPPLEMENTAL BENEFITS The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations in regard to maternity, parental and adoption leave. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Articles 17.06, 17.07 or 17.08.

  • Dental Benefits The County offers dental and orthodontic benefits to full and part-time regular employees and their eligible dependent(s). Benefit provisions, co­ payments and deductibles are outlined in the Evidence of Coverage. The employee contribution is $13 per pay period ($28.26 per month). The County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Section 10.2.6.

  • General Benefits During the Term of Employment, the Executive shall be entitled to participate in such employee pension and welfare benefit plans and programs of the Company as are made available to the Company's senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, health, medical, dental, long-term disability, travel accident and life insurance plans.

  • Public Benefits ‌ 5.1 Developer to provide Public Benefits‌ The Developer must, at its cost and risk, provide the Public Benefits to the City in accordance with this document.

  • Medical and Dental Benefits If Executive’s employment is subject to a Termination, then to the extent that Executive or any of Executive’s dependents may be covered under the terms of any medical or dental plans of the Company (or an Affiliate) for active employees immediately prior to the Termination Date, then, provided Executive is eligible for and elects coverage under the health care continuation rules of COBRA, the Company shall provide Executive and those dependents with coverage equivalent to the coverage in effect immediately prior to the Termination. For a period of twelve (12) months (18 months for a Termination during a Covered Period), Executive shall be required to pay the same amount as Executive would pay if Executive continued in employment with the Company during such period and thereafter Executive shall be responsible for the full cost of such continued coverage; provided, however, that such coverage shall be provided only to the extent that it does not result in any additional tax or other penalty being imposed on the Company (or an Affiliate) or violate any nondiscrimination requirements then applicable with respect to the applicable plans. The coverages under this Section 4(e) may be procured directly by the Company (or an Affiliate, if appropriate) apart from, and outside of the terms of the respective plans, provided that Executive and Executive’s dependents comply with all of the terms of the substitute medical or dental plans, and provided, further, that the cost to the Company and its Affiliates shall not exceed the cost for continued COBRA coverage under the Company’s (or an Affiliate’s) plans, as set forth in the immediately preceding sentence. In the event Executive or any of Executive’s dependents is or becomes eligible for coverage under the terms of any other medical and/or dental plan of a subsequent employer with plan benefits that are comparable to Company (or Affiliate) plan benefits, the Company’s and its Affiliates’ obligations under this Section 4(e) shall cease with respect to the eligible Executive and/or dependent. Executive and Executive’s dependents must notify the Company of any subsequent employment and provide information regarding medical and/or dental coverage available.

  • Executive Benefits The Executive shall be entitled to participate in all benefit programs of the Company currently existing or hereafter made available to executives and/or other salaried employees, including, but not limited to, pension and other retirement plans, group life insurance, hospitalization, surgical and major medical coverage, sick leave, disability and salary continuation, vacation and holidays, cellular telephone and all related costs and expenses, long-term disability, and other fringe benefits.

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period. (b) The Executive shall be enrolled and participate in any retirement, group insurance and other fringe benefit plans and arrangements which are applicable to the similarly situated personnel of the Company and in effect from time to time, if the Executive is eligible therefor, in each case in accordance with and subject to the provisions thereof.

  • Educational Benefits The Employer agrees to provide educational benefits to employees that are in permanent status as of the first day of the quarter they are registering in accordance with the Employer’s space-available tuition waiver policy and employee 50% operating fee tuition waiver policy, to include:

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