Common use of Cash Out Clause in Contracts

Cash Out. All benefit eligible CSEA employees of the District will be afforded the opportunity to cash out the Health Benefit cap of $3,843.00 per year if they choose not to take a District provided health plan and must provide proof of insurance. All benefit eligible CSEA employees of the District hired on or after July 1, 2016 will be afforded the opportunity to cash out the Health Benefit cap of $3,000.00 per year if they choose not to take a District provided health plan and must provide proof of insurance annually.

Appears in 6 contracts

Samples: Successor Agreement, Collective Bargaining Agreement, Collective Bargaining Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!