Elective Benefits Clause Samples
The Elective Benefits clause defines the optional benefits that a party, typically an employee or insured individual, can choose to add to their standard coverage or compensation package. This clause outlines the specific benefits available for selection, such as additional insurance coverage, wellness programs, or retirement plan enhancements, and may detail the process for electing these options, including any associated costs or eligibility requirements. Its core practical function is to provide flexibility and customization, allowing individuals to tailor their benefits to better suit their personal needs and circumstances.
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Elective Benefits. Article 23: Compensation
Elective Benefits. Association Members are entitled to College-wide elective benefits, with additional cost paid by the Association Member.
Elective Benefits. Faculty are entitled to collegewide elective benefits, with additional cost paid by the employee.
Elective Benefits. Employees who meet the minimum FTE eligibility criteria for participation established in the annual contracts with the insurance carriers may elect to take medical insurance coverage. For those employees who elect medical insurance coverage, the District shall next apply the remaining Allocation to pay the premiums or appropriate pro-rata portion of the premiums, less the employee minimum contribution specified in D.1.a below.