Fringe Benefit Bonus Program Sample Clauses

Fringe Benefit Bonus Program. Any current employee, or employee hired in the future, who is enrolled or who enrolls in less insurance coverage than for which he/she is eligible, shall receive an annual payment based on the table below. The annual amount will be paid in the first pay in December, prorated on each calendar year. MEDICAL/RX DENTAL VISION Family but declining coverage $3,800.00 $200.00 $25.00 Family but choose Single / Single $1,900.00 $100.00 $18.00 If both members of a husband and wife couple are employees of the Fort Recovery Local Schools, only one of them shall be considered eligible for Board paid family insurance plans. If both members of a husband and wife couple are receiving insurance benefits through Mercer Auglaize Benefit Trust, the fringe benefit bonus program will not be offered to them. If an employee voluntarily leaves employment with Fort Recovery Local Schools during the plan year for which he or she is eligible to receive the annual fringe benefit payment, he or she will forfeit the fringe benefit payment for that year. The Health Insurance Committee will review the bonus rates prior to implementation of any changes in the bonus rates. A fringe benefit form is found in Appendix C of this agreement and is due no later than September 30th. Any payments made pursuant to this section will be described in the Section 125 Plan document as it relates to (2) (a) of Article XIII.