Common use of Insurance Option Package Clause in Contracts

Insurance Option Package. Contracted teachers who teach at least half-time or more may elect to take the cash in lieu as described in section G. 4. above, commensurate to the time worked, i.e., 3/5’s equals 60% cash in lieu,3/4’s equals 75% cash in lieu, 4/5’s equals 80% cash in lieu, etc. Employees who choose the insurance option package as described in G. 1-3. above, that are part-time as defined in the Master Agreement will receive those options at a commensurate rate of time worked, i.e., 3/5’s equals 60% benefits, 3/4’ equals 75% benefits, 4/5’s equals 80% benefits, etc.

Insurance Option Package. Contracted teachers who teach at least half-time or more may elect to take the cash in lieu as described in section G. 4. above, commensurate to the time worked, i.e., 3/5’s equals 60% cash in lieu,3/4’s equals 75% cash in lieu, 4/5’s equals 80% cash in lieu, etc. Employees who choose the insurance option package as described in G. 1-3. above, that are part-time as defined in the Master Agreement will receive those options at a commensurate rate of time worked, i.e., 3/5’s equals 60% benefits, 3/4’ ’s equals 75% benefits, 4/5’s equals 80% benefits, etc.