Common use of Insurance Programs Clause in Contracts

Insurance Programs. Upon proper application and acceptance for enrollment by the appropriate insurance underwriter, policyholder, or third-party administrator, the Board shall make premium payments on behalf of the Administrator and his/her eligible dependents for the insurance programs, subject to possible modification as stated in ¶ 10 below. A. Health and hospitalization insurance B. Dental insurance C. Vision insurance X. Xxxx life insurance with benefits for up to two (2) times the Administrator’s annual salary, to include an accidental death and dismemberment provision. The Administrator shall be permitted to purchase (at his/her cost) additional life insurance E. Long-term disability insurance If the Administrator elects to not be covered by health and hospitalization insurance, he/she shall instead receive a cash in lieu payment in the same amount as other District employees ($2,356.96 for 2019-2020), which amount shall be increased annually by 62.5% of the District’s increased per pupil funding rate. This amount shall be distributed annually in cash (divided equally among the 24 pays or in a lump sum as the Administrator may elect). The Administrator agrees that the Board has the right to allocate to the Administrator responsibility for a portion of the benefit plan costs for the insurance coverage specified above, as may be determined by the Board, in its discretion. This contribution, however, shall not be less than the statutory “hard cap” amount necessary to comply with the Publicly Funded Health Insurance Contribution Act, MCL 15.561 et seq. The Board will notify the Administrator of the amount for which he/she is responsible in excess of the Board-paid benefit plan costs contributions. The Administrator agrees that the amount of benefit plan costs contributions designated by the Board as the Administrator’s responsibility shall be payroll-deducted from the Administrator’s compensation.

Insurance Programs. Upon proper application and acceptance for enrollment by the appropriate insurance underwriter, policyholder, or third-party administrator, the Board shall make premium payments on behalf of the Administrator Superintendent and his/her eligible dependents for the insurance programs, subject to possible modification as stated in ¶ 10 11 below. A. Health and hospitalization insurance B. Dental insurance C. Vision insurance X. Xxxx life insurance with benefits for up to two three (23) times the AdministratorSuperintendent’s annual salary, to include an accidental death and dismemberment provision. The Administrator Superintendent shall be permitted to purchase (at his/her cost) additional life insurance E. Long-term disability insurance If the Administrator Superintendent elects to not be covered by health and hospitalization insurance, he/she shall instead receive a cash in lieu payment in the same amount as other District employees ($2,356.96 2,233.20 for 20192013-20202014), which amount shall be increased annually by 62.5% of the District’s increased per pupil funding rate. This amount shall be distributed annually in cash (divided equally among the 24 pays or in a lump sum as the Administrator Superintendent may elect). The Administrator Superintendent agrees that the Board has the right to allocate to the Administrator Superintendent responsibility for a portion of the benefit plan costs for the insurance coverage specified above, as may be determined by the Board, in its discretion. This contribution, however, shall not be less than the statutory “hard cap” amount necessary to comply with the Publicly Funded Health Insurance Contribution Act, MCL 15.561 et seq. The Board will notify the Administrator Superintendent of the amount for which he/she is responsible in excess of the Board-paid benefit plan costs contributions. The Administrator Superintendent agrees that the amount of benefit plan costs contributions designated by the Board as the AdministratorSuperintendent’s responsibility shall be payroll-deducted from the AdministratorSuperintendent’s compensation.

Insurance Programs. Upon proper application and acceptance for enrollment by the appropriate insurance underwriter, policyholder, or third-party administrator, the Board shall make premium payments on behalf of the Administrator and his/her eligible dependents for the insurance programs, subject to possible modification as stated in ¶ 10 below. A. Health and hospitalization insurance B. Dental insurance C. Vision insurance X. Xxxx D. Term life insurance with benefits for up to two (2) times the Administrator’s annual salary, to include an accidental death and dismemberment provision. The Administrator shall be permitted to purchase (at his/her cost) additional life insurance E. Long-term disability insurance If the Administrator elects to not be covered by health and hospitalization insurance, he/she shall instead receive a cash in lieu payment in the same amount as other District employees ($2,356.96 2,311.65 for 20192017-20202018), which amount shall be increased annually by 62.5% of the District’s increased per pupil funding rate. This amount shall be distributed annually in cash (divided equally among the 24 pays or in a lump sum as the Administrator may elect). The Administrator agrees that the Board has the right to allocate to the Administrator responsibility for a portion of the benefit plan costs for the insurance coverage specified above, as may be determined by the Board, in its discretion. This contribution, however, shall not be less than the statutory “hard cap” amount necessary to comply with the Publicly Funded Health Insurance Contribution Act, MCL 15.561 et seq. The Board will notify the Administrator of the amount for which he/she is responsible in excess of the Board-paid benefit plan costs contributions. The Administrator agrees that the amount of benefit plan costs contributions designated by the Board as the Administrator’s responsibility shall be payroll-deducted from the Administrator’s compensation.

Insurance Programs. Upon proper application and acceptance for enrollment by the appropriate insurance underwriter, policyholder, or third-party administrator, the Board shall make premium payments on behalf of the Administrator and his/her eligible dependents for the insurance programs, subject to possible modification as stated in ¶ 10 below. A. Health and hospitalization insurance B. Dental insurance C. Vision insurance X. Xxxx life insurance with benefits for up to two (2) times the Administrator’s annual salary, to include an accidental death and dismemberment provision. The Administrator shall be permitted to purchase (at his/her cost) additional life insurance E. Long-term disability insurance If the Administrator elects to not be covered by health and hospitalization insurance, he/she shall instead receive a cash in lieu payment in the same amount as other District employees ($2,356.96 2,311.65 for 20192017-20202018), which amount shall be increased annually by 62.5% of the District’s increased per pupil funding rate. This amount shall be distributed annually in cash (divided equally among the 24 pays or in a lump sum as the Administrator may elect). The Administrator agrees that the Board has the right to allocate to the Administrator responsibility for a portion of the benefit plan costs for the insurance coverage specified above, as may be determined by the Board, in its discretion. This contribution, however, shall not be less than the statutory “hard cap” amount necessary to comply with the Publicly Funded Health Insurance Contribution Act, MCL 15.561 et seq. The Board will notify the Administrator of the amount for which he/she is responsible in excess of the Board-paid benefit plan costs contributions. The Administrator agrees that the amount of benefit plan costs contributions designated by the Board as the Administrator’s responsibility shall be payroll-deducted from the Administrator’s compensation.

Insurance Programs. Upon proper application and acceptance for enrollment by the appropriate insurance underwriter, policyholder, or third-party administrator, the Board shall make premium payments on behalf of the Administrator and his/her eligible dependents for the insurance programs, subject to possible modification as stated in ¶ 10 below. A. Health and hospitalization insurance B. Dental insurance C. Vision insurance X. Xxxx life insurance with benefits for up to two (2) times the Administrator’s annual salary, to include an accidental death and dismemberment provision. The Administrator shall be permitted to purchase (at his/her cost) additional life insurance E. Long-term disability insurance If the Administrator elects to not be covered by health and hospitalization insurance, he/she shall instead receive a cash in lieu payment in the same amount as other District employees ($2,356.96 2,400.80 for 20192021-20202022), which amount shall be increased annually by 62.5% of the District’s increased per pupil funding rate. This amount shall be distributed annually in cash (divided equally among the 24 pays or in a lump sum as the Administrator may elect). The Administrator agrees that the Board has the right to allocate to the Administrator responsibility for a portion of the benefit plan costs for the insurance coverage specified above, as may be determined by the Board, in its discretion. This contribution, however, shall not be less than the statutory “hard cap” amount necessary to comply with the Publicly Funded Health Insurance Contribution Act, MCL 15.561 et seq. The Board will notify the Administrator of the amount for which he/she is responsible in excess of the Board-paid benefit plan costs contributions. The Administrator agrees that the amount of benefit plan costs contributions designated by the Board as the Administrator’s responsibility shall be payroll-deducted from the Administrator’s compensation.

Insurance Programs. Upon proper application and acceptance for enrollment by the appropriate insurance underwriter, policyholder, or third-party administrator, the Board shall make premium payments on behalf of the Administrator and his/her eligible dependents for the insurance programs, subject to possible modification as stated in ¶ 10 below. A. Health and hospitalization insurance B. Dental insurance C. Vision insurance X. Xxxx D. Term life insurance with benefits for up to two (2) times the Administrator’s annual salary, to include an accidental death and dismemberment provision. The Administrator shall be permitted to purchase (at his/her cost) additional life insurance E. Long-term disability insurance If the Administrator elects to not be covered by health and hospitalization insurance, he/she shall instead receive a cash in lieu payment in the same amount as other District employees ($2,356.96 2,671.96 for 20192023-20202024), which amount shall be increased annually by 62.5% of the District’s increased per pupil funding rate. This amount shall be distributed annually in cash (divided equally among the 24 pays or in a lump sum as the Administrator may elect). The Administrator agrees that the Board has the right to allocate to the Administrator responsibility for a portion of the benefit plan costs for the insurance coverage specified above, as may be determined by the Board, in its discretion. This contribution, however, shall not be less than the statutory “hard cap” amount necessary to comply with the Publicly Funded Health Insurance Contribution Act, MCL 15.561 et seq. The Board will notify the Administrator of the amount for which he/she is responsible in excess of the Board-paid benefit plan costs contributions. The Administrator agrees that the amount of benefit plan costs contributions designated by the Board as the Administrator’s responsibility shall be payroll-deducted from the Administrator’s compensation.