Common use of Insurance Option Clause in Contracts

Insurance Option. A. Regular full-time employees who elect prior to the first day of the school year to not participate in Article 10.01 who were employed on September 1st of any year and who are not covered on the District’s plan, on written request to the Treasurer, will receive a stipend in lieu of insurance coverage of Five Hundred Dollars ($500.00) to be paid on or before August 31st of any year in which the employee did not have the coverage. An additional stipend in the amount of fifty dollars ($50.00) will be paid to employees if they don’t select dental coverage. B. Any employee who elects this option shall document similar coverage in the same or other insurance plan. In the event his/her coverage is lost, he/she shall be able to sign up for Board-sponsored insurance providing he/she signs a statement declining the stipend.

Insurance Option. A. Regular full-time employees who elect prior to the first day of the school year to not participate in Article 10.01 who were employed on September 1st of any year and who are not covered on the District’s plan, on written request to the Treasurer, will receive a stipend in lieu of insurance coverage of Five Hundred One Thousand Dollars ($500.001,000.00) to be paid on or before August 31st of any year in which the employee did not have the coverage. An additional stipend in the amount of fifty dollars Fifty Dollars ($50.00) will be paid to employees if they don’t select dental coverage. B. Any employee who elects this option shall document similar coverage in the same or other insurance plan. In the event his/her coverage is lost, he/she shall be able to sign up for Board-sponsored insurance providing he/she signs a statement declining the stipend.

Insurance Option. A. Regular full-time employees who elect prior to the first day of the school year to not participate in Article 10.01 who were employed on September 1st of any year and who are not covered on the District’s plan, on written request to the Treasurer, will receive a stipend in lieu of insurance coverage of Five Hundred One Thousand Dollars ($500.001,000.00) to be paid on or before August 31st of any year in which the employee did not have the coverage. An additional stipend in the amount of fifty dollars FiftyDollars ($50.00) will be paid to employees if they don’t select dental coverage. B. Any employee who elects this option shall document similar coverage in the same or other insurance plan. In the event his/her coverage is lost, he/she shall be able to sign up for Board-sponsored insurance providing he/she signs a statement declining the stipend.