Common use of Example Scenario Clause in Contracts

Example Scenario. 1) In this scenario, the total monthly benefit premium is $500. Historical data shows faculty member has maintained an average of .45 FTE assignment over the past two (2) years (394 clock hours). This equates to 75% of the 100% benefit cost (394 clock hours divided by 525). This has averaged to a cost to the District of $375 per month and to the Employee $125 per month.

Example Scenario. 1) . In this scenario, the total monthly benefit premium is $500. Historical data shows faculty member has maintained an average of .45 FTE assignment over the past two (2) years (394 clock hours). This equates to 75% of the 100% benefit cost (394 clock hours divided by 525). This has averaged to a cost to the District of $375 per month and to the Employee $125 per month.