Married Buy-Out Clause Sample Clauses

Married Buy-Out Clause. Any teacher receiving health insurance benefits on April 1, 1997 or any teacher who first becomes eligible to receive such benefits after that date, may submit to the District written notice that the teacher wishes to withdraw from the health insurance plan effective on July 1 of any fiscal year. A teacher who submits such a notification and who remains out of the insured group for the entire school year shall receive prior to June 30 of the fiscal year a payment of $1,000 if the teacher previously had family or two-person coverage or $500 if the teacher previously had single coverage. In order to receive the payment, the teacher must remain out of the plan for the entire year and must not be covered under any health benefits plan paid for by the District. The teacher must, however, annually submit evidence of alternative coverage by means of certificate of coverage or active enrollment card. Teachers shall be eligible to return to the plan during the course of the school year only upon a showing of a loss of alternative health insurance coverage, in which even the teacher may re-apply for admission into the District’s health plan. However, re-entry into the plan at any time shall be governed by the determination of the carrier, and may subject the teacher to restrictions(s) on coverage for pre-existing conditions.
AutoNDA by SimpleDocs

Related to Married Buy-Out Clause

  • TERMINATION CLAUSE In the event Contractor fails to carry out or comply with any of the terms and conditions of this Agreement, Hastings reserves the right to demand correction of any breach or default within ten (10) calendar days of notice to Contractor. In the event Contractor fails to correct the failure or default within the specified ten (10) day period, Hastings may terminate the Agreement without additional notice. Failure to terminate this Agreement is not to be deemed a waiver of the breach or default. Upon termination, Hastings shall compensate Contractor for Work rendered within thirty (30) days of termination of this Agreement.

  • SUPPLEMENTAL PAYMENT LIMITATION Notwithstanding the foregoing:

  • DURATION CLAUSE A. This Agreement shall govern the rights of the Board and the Association from July 1, 2021, through June 30, 2022. This Agreement shall not be extended orally and it is expressly understood that it shall expire on the date indicated.

  • Required Confidentiality Claim Form This is a requirement of the TIPS Contract and is non-negotiable. TIPS provides the required TIPS Confidentiality Claim Form in the "Attachments" section of this solicitation. Vendor must execute this form by either signing and waiving any confidentiality claim, or designating portions of Vendor's proposal confidential. If Vendor considers any portion of Vendor's proposal to be confidential and not subject to public disclosure pursuant to Chapter 552 Texas Gov’t Code or other law(s) and orders, Vendor must have identified the claimed confidential materials through proper execution of the Confidentiality Claim Form. If TIPS receives a public information act or similar request, any responsive documentation not deemed confidential by you in this manner will be automatically released. For Vendor documents deemed confidential by you in this manner, TIPS will follow procedures of controlling statute(s) regarding any claim of confidentiality and shall not be liable for any release of information required by law, including Attorney General determination and opinion. Notwithstanding any other Vendor designation of Vendor's proposal as confidential or proprietary, Vendor’s submission of this proposal constitutes Vendor’s agreement that proper execution of the required TIPS Confidentiality Claim Form is the only way to assert any portion of Vendor's proposal as confidential.

  • ZIPPER CLAUSE 261. 1. This Agreement sets forth the full and entire understanding of the parties regarding the matters herein. This Agreement may be modified, but only in writing, upon the mutual consent of the parties.

  • NON-ASSIGNMENT CLAUSE In accordance with Section 138 of the State Finance Law, this contract may not be assigned by the Contractor or its right, title or interest therein assigned, transferred, conveyed, sublet or otherwise disposed of without the State’s previous written consent, and attempts to do so are null and void. Notwithstanding the foregoing, such prior written consent of an assignment of a contract let pursuant to Article XI of the State Finance Law may be waived at the discretion of the contracting agency and with the concurrence of the State Comptroller where the original contract was subject to the State Comptroller’s approval, where the assignment is due to a reorganization, merger or consolidation of the Contractor’s business entity or enterprise. The State retains its right to approve an assignment and to require that any Contractor demonstrate its responsibility to do business with the State. The Contractor may, however, assign its right to receive payments without the State’s prior written consent unless this contract concerns Certificates of Participation pursuant to Article 5-A of the State Finance Law.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!