Common use of Insurance Waiver Option Clause in Contracts

Insurance Waiver Option. Employees shall be offered the option of waiving all health insurance benefits as set forth in the Agreement. Any employee who executes an appropriate waiver provided by the Board will, for the school year to which the waiver applies, receive a lump sum check on the July 1 following conclusion of that school year in the amount of two thousand dollars ($2,000) for the family plan or twelve hundred dollars ($1,200) for the single plan. Once an employee makes an election to waive insurance coverage, s/he may not return at any time during that year. Employees hired during the year who elect not to take coverage shall have the above payments prorated. The Board shall insure that appropriate documents are in place to comply with IRS Section 125.

Insurance Waiver Option. Employees All Tradesmen shall be offered the option of waiving all health insurance benefits as set forth in the this Agreement. Any employee Tradesman who executes an appropriate waiver provided by the Board will, for the school year to which the waiver applies, receive a lump sum check on the July 1 following the conclusion of that school year in the amount of two thousand dollars ($2,000) for the family plan or twelve hundred dollars ($1,200) for the single plan. Once an employee makes an election to waive insurance coverage, she/he she may not return at any time during that year. Employees hired during the year who elect not to take coverage shall have the above payments prorated. The Board shall insure that appropriate documents are in place to comply with IRS Section 125.

Insurance Waiver Option. Employees shall be offered the option of waiving all health insurance benefits as set forth in the Agreement. Any employee who executes an appropriate waiver provided by the Board will, for the school year to which the waiver applies, receive a lump sum check on the July 1 following conclusion of that school year in the amount of two five thousand dollars ($2,0005,000) for the family plan or twelve two thousand five hundred dollars ($1,2002,500) for the single plan. Once an employee makes an election to waive insurance coverage, s/he may not return at any time during that year. Employees hired during the year who elect not to take coverage shall have the above payments prorated. The Board shall insure that appropriate documents are in place to comply with IRS Section 125.

Insurance Waiver Option. Employees shall be offered the option of waiving all health insurance benefits as set forth in the Agreement. Any employee who executes an appropriate waiver provided by the Board willBoard, will for the school year to which the waiver applies, receive a lump sum check on the July 1 1st following conclusion of that school year in the amount of two thousand dollars ($2,0002,000.00) for the family plan or twelve hundred dollars ($1,2001,200.00) for the single plan. Once an employee makes an election to waive insurance coverage, she/he she may not return at any time during that year. Employees hired during the year who elect not to take coverage shall have the above payments prorated. The Board shall insure that appropriate documents are in place to comply with IRS Section 125.

Insurance Waiver Option. Employees All Plumbers shall be offered the option of waiving all health insurance benefits as set forth in the this Agreement. Any employee Plumber who executes an appropriate waiver provided by the Board will, for the school year to which the waiver applies, receive a lump sum check on the July 1 following the conclusion of that school year in the amount of two five thousand dollars ($2,0005,000) for the family plan or twelve two thousand five hundred dollars ($1,2002,500) for the single plan. Once an employee makes an election to waive insurance coverage, she/he she may not return at any time during that year. Employees hired during the year who elect not to take coverage shall have the above payments prorated. The Board shall insure that appropriate documents are in place to comply with IRS Section 125.