Declination Payment Sample Clauses

Declination Payment i. The District will pay the following amounts to employees eligible for health insurance who, during each open enrollment period, decline health insurance for the subsequent plan year and provide proof of health insurance coverage from a source other than the District:
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Declination Payment. The District will pay the following amount to bargaining unit members eligible for health insurance who, during an open enrollment period, decline health insurance for the subsequent health insurance plan year and provide proof of health insurance coverage from a source other than the District health insurance plan: $1,400 to a bargaining unit member eligible for a family plan $1,000 to a bargaining unit member eligible for a two-person plan $700 to a bargaining unit member eligible for a single person plan. The District will pay a prorated portion of the above amounts to bargaining unit members who are eligible for a prorated health insurance benefit pursuant to Article V, G, 2, d and, during an open enrollment period, decline health insurance for the subsequent health insurance plan year and provide proof of health insurance coverage from a source other than the District health insurance plan.
Declination Payment i. The District will pay the following amounts to employees eligible for health insurance who, during an open enrollment period, decline health insurance for the subsequent health insurance plan year and provide proof of health insurance coverage from a source other than the District health insurance plan: $ 700 to an employee eligible for a single person plan $1,000 to an employee eligible for a two-person plan $1,400 to an employee eligible for a family plan The declination payment will be made in two equal installments. One in the last pay period in December and one in the last pay period of May each contract year.
Declination Payment. The District will pay $850 to employees eligible for health insurance who, during an open enrollment period, decline health insurance for the subsequent health insurance plan year and provide proof of health insurance coverage from a source other than the District.

Related to Declination Payment

  • Non-Payment The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation, or (ii) within three days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or (iii) within five days after the same becomes due, any other amount payable hereunder or under any other Loan Document; or

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

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