Common use of Cash in Lieu of Medical Benefits Clause in Contracts

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.

Cash in Lieu of Medical Benefits. In lieu of subscribing to the Board provided health insurance, an employee who works at least thirty (30 300 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- 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.

Cash in Lieu of Medical Benefits. In lieu of subscribing to the Board provided health insurance, an employee who works at least thirty (30 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- 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.

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- 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.