Common use of FRINGE BENEFIT AND SALARY REDUCTION PLAN Clause in Contracts

FRINGE BENEFIT AND SALARY REDUCTION PLAN. A. The Board shall also provide the opportunity for each employee to execute a salary reduction agreement, once annually, if additional benefits are selected and the Board contribution does not cover the premium. Once the annual allocation is made for each selected benefit, the only changes which will be allowed are for fluctuation in health care premium and/or change in family status. B. The benefits offered shall include (1) group health insurance - Blue Cross or an alternative, (2) salary protection insurance, (3) group term life insurance, and

FRINGE BENEFIT AND SALARY REDUCTION PLAN. A. The Board shall also provide the opportunity for each employee to execute a salary reduction agreement, once annually, if additional benefits are selected and the Board contribution does not cover the premium. Once the annual allocation is made for each selected benefit, the only changes which will be allowed are for a fluctuation in health care premium and/or change in family status. B. The benefits offered shall include include: (1) group health insurance - Blue Cross or an alternative, (2) salary protection insurance, (3) group term life insurance, and