Common use of HOSPITALIZATION/MAJOR MEDICAL INSURANCE Clause in Contracts

HOSPITALIZATION/MAJOR MEDICAL INSURANCE. The Board shall provide and pay the entire premiums for hospitalization, major medical and dental insurance for the Administrator, the Administrator’s spouse, and the dependent members (as defined by the contract of insurance then in effect) of the Administrator’s immediate family during the term of this Agreement. The benefits of such coverage shall be in accordance with the basic insurance coverage provided to certified staff pursuant to the collective bargaining agreement between the Board of Education and the Proviso Teachers Union Local 571 as amended from time to time. Should the Board, during the term of this Agreement, no longer provide insurance coverage for the certificated/licensed staff and/or be subject to an excise tax or penalties, this paragraph shall become null and void and the Board shall immediately meet with the Administrator to determine a monetary equivalent for this benefit or to provide an alternative benefit that does not incur an excise tax or penalty.

HOSPITALIZATION/MAJOR MEDICAL INSURANCE. The Board shall provide and pay the entire premiums for hospitalization, major medical and dental insurance for the AdministratorPrincipal, the Administrator’s spouse, her spouse and the dependent members (as defined by the contract of insurance then in effect) of the Administrator’s his immediate family during the term of this Agreement. The benefits of such coverage shall be in accordance with the basic insurance coverage provided to certified staff pursuant to the collective bargaining agreement between the Board of Education and the Proviso Teachers Union Local 571 as amended from time to time. Should the Board, during the term of this Agreement, no longer provide insurance coverage for the certificated/licensed staff and/or be subject to an excise tax or penalties, this paragraph shall become null and void and the Board shall immediately meet with the Administrator Principal to determine a monetary equivalent for this benefit or to provide an alternative benefit that does not incur an excise tax or penalty.

HOSPITALIZATION/MAJOR MEDICAL INSURANCE. The Board shall provide and pay the entire premiums for hospitalization, major medical and dental insurance for the AdministratorChief Innovation Officer/Principal, the Administrator’s spouse, her spouse and the dependent members (as defined by the contract of insurance then in effect) of the Administrator’s his immediate family during the term of this Agreement. The benefits of such coverage shall be in accordance with the basic insurance coverage provided to certified staff pursuant to the collective bargaining agreement between the Board of Education and the Proviso Teachers Union Local 571 as amended from time to time. Should the Board, during the term of this Agreement, no longer provide insurance coverage for the certificated/licensed staff and/or be subject to an excise tax or penalties, this paragraph shall become null and void and the Board shall immediately meet with the Administrator Chief Innovation Officer/Principal to determine a monetary equivalent for this benefit or to provide an alternative benefit that does not incur an excise tax or penalty.

HOSPITALIZATION/MAJOR MEDICAL INSURANCE. The Board shall provide and pay the entire premiums for hospitalization, major medical and dental insurance for the AdministratorASSISTANT SUPERINTENDENT, the Administrator’s spouse, his spouse and the dependent members (as defined by the contract of insurance then in effect) of the Administrator’s his immediate family during the term of this Agreement. The benefits of such coverage shall be in accordance with the basic insurance coverage provided to certified staff pursuant to the collective bargaining agreement between the Board of Education and the Proviso Teachers Union Local 571 as amended from time to time. Should the Board, during the term of this Agreement, no longer provide insurance coverage for the certificated/licensed staff and/or be subject to an excise tax or penalties, this paragraph shall become null and void and the Board shall immediately meet with the Administrator ASSISTANT SUPERINTENDENT to determine a monetary equivalent for this benefit or to provide an alternative benefit that does not incur an excise tax or penalty.