Common use of Health Benefit Opt-Out Compensation Plan Clause in Contracts

Health Benefit Opt-Out Compensation Plan. 1. Each full-time employee may elect to not participate in the insurance plans [all four (4) parts – major medical, prescription drug, dental, and vision] and will receive the following cash payment in lieu of coverage: Family Single $3,500 $1,500

Appears in 8 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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Health Benefit Opt-Out Compensation Plan. 1. Each full-time employee may elect who elects to not participate in none of the insurance plans [all four (4) parts – major medical, prescription prescription, drug, dental, and vision] and ) will receive the following cash payment in lieu of coverage: Family Single $3,500 $1,500

Appears in 1 contract

Samples: Negotiated Agreement

Health Benefit Opt-Out Compensation Plan. 1. Each full-time employee may elect to not participate in the insurance plans [all four (4) parts – major medical, prescription drug, dental, and vision] and will receive the following cash payment in lieu of coverage: Family Single $3,500 7,000 $1,5003,000

Appears in 1 contract

Samples: Master Agreement

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Health Benefit Opt-Out Compensation Plan. 1. Each full-time employee may elect to not participate in the insurance plans [(all four (4) parts – major medical, prescription drug, dental, and vision] ) and will receive the following cash payment in lieu of coverage: Family Single $3,500 $1,500

Appears in 1 contract

Samples: Tentative Agreement

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