Declining Coverage Sample Clauses

Declining Coverage. With proof of insurance, an employee may decline coverage through the SEBB and therefore not have any payments or premiums deducted from their paychecks for this purpose.
AutoNDA by SimpleDocs
Declining Coverage. An employee may decline medical coverage through the SEBB within the required SEBB timelines and therefore not have any payments or premiums deducted from their paychecks for this purpose.
Declining Coverage. If the employee declines the Employer’s medical insurance plan, and can provide proof of outside medical coverage, the Employer will contribute $150 per month to the employee as an alternate health coverage allowance. Part-time employees will receive a reduced benefit. For regular part-time employees working at least 30 hours per week, the Employer will contribute 75% of the benefit for regular full-time employees. For regular part-time employees working at least 20 hours per week, the Employer will contribute 50% of the benefit for regular full- time employees. Proof of coverage will be required annually during the Employer’s open enrollment period. This alternate health coverage allowance will be considered taxable income and subject to appropriate income taxes, as required by law.
Declining Coverage. 1. Any employee declining coverage under the family or individual health insurance contract shall be paid eight hundred dollars ($800) per year. If those declining coverage do not notify the District by the first day of required teacher attendance in September and thereafter by the last day of each month, the eight hundred dollars ($800) will be pro-rated. (See: Appendix A). 2. Pro-ration formula shall be based upon a September through June period with each month equaling a ten percent (10%) pro-rated reduction. 3. Employees can re-enroll within thirty (30) calendar days. 4. Payment for declining coverage shall be made in the first pay period in June. 5. Those members choosing to decline coverage will only need to file an initial form to secure the benefit of Article B.

Related to Declining Coverage

  • Basic Coverage Contractor shall provide and maintain at the JBE’s discretion and Contractor’s expense the following insurance during the Term:

  • Life Coverage Paragraph 1: The Board shall provide a group term life coverage in the sum of

  • Basic Coverages Subd. 1. Faculty

  • Continuation Coverage If Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, then the Company will reimburse Executive for the COBRA premiums for such coverage (at the coverage levels in effect immediately prior to Executive’s termination) until the earlier of (A) a period of six (6) months from the date of termination or (B) the date upon which Executive and/or Executive’s eligible dependents become covered under similar plans. The reimbursements will be made by the Company to Executive consistent with the Company’s normal expense reimbursement policy. Notwithstanding the first sentence of this Section 3(a)(iii), if the Company determines in its sole discretion that it cannot provide the foregoing benefit without potentially violating, or being subject to an excise tax under, applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company will in lieu thereof provide to Executive a taxable monthly payment, payable on the last day of a given month, in an amount equal to the monthly COBRA premium that Executive would be required to pay to continue Executive’s group health coverage in effect on the termination of employment date (which amount will be based on the premium for the first month of COBRA coverage), which payments will be made regardless of whether Executive elects COBRA continuation coverage and will commence on the month following Executive’s termination of employment and will end on the earlier of (x) the date upon which Executive obtains other employment or (y) the date the Company has paid an amount equal to six (6) payments. For the avoidance of doubt, the taxable payments in lieu of COBRA reimbursements may be used for any purpose, including, but not limited to continuation coverage under COBRA, and will be subject to all applicable tax withholdings.

  • Single Coverage The School District will pay up to $28.00 per month for individual coverage for each full-time teacher who qualifies for and enrolls in the School District's group dental insurance plan.

  • Vision Coverage A fully employee paid vision benefit will be available beginning January 1, 2021 subject to agreement by the subcommittee of the Joint Labor Management Insurance Committee to the benefit set determined through the state’s Request for Proposal (RFP) process.

  • Coverage If any of the aforementioned liability insurance is arranged on a "claims made" basis, "tail" coverage will be required at the completion of this contract for a duration of 24 months or the maximum time period the PURCHASER's insurer will provide such if less than 24 months. PURCHASER will be responsible for furnishing certification of "tail" coverage as described or continuous "claims made" liability coverage for 24 months following contract completion. Continuous "claims made" coverage will be acceptable in lieu of "tail" coverage, provided its retroactive date is on or before the effective date of this contract.

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