Non-Participation Option Sample Clauses

Non-Participation Option. In addition to the annual open enrollment period, an employee who selects this non-participation option and who loses primary coverage due to death or divorce of a spouse, loss of a spouse’s benefits or termination of a spouse’s employment will become eligible immediately for benefits.
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Non-Participation Option. A full-time employee shall have the option to not be covered by the health insurance plan of the district and will be reimbursed at the rates listed below. Employees covered by the Employer’s plan through their spouse are not eligible for reimbursement. Employees wishing to elect this non- participation option must notify the Treasurer of the District within thirty (30) calendar days of an insurance orientation session (Appendix P) with the Treasurer or thirty (30) calendar days after their first day of work in each contract year. $200.00 per month for each full month of family coverage $90.00 per month for each full month of single coverage
Non-Participation Option. Any employee who has alternative employment based health insurance coverage elsewhere, and who during the open enrollment period, elects in writing not to participate in the medical and dental insurance plans listed above shall receive, in lieu thereof, payment of $700.00 if they are eligible and qualified to participate as an individual only or $900.00 if they are eligible and qualified to receive Board-paid insurance benefits for employee plus one dependent or $1,200.00 if they are eligible and qualified to received Board-paid insurance benefits for family. Such payment shall be made on the last pay date of the school year if they do not participate in the plan for the entire year. If an employee who initially elects not to participate in all of the insurance plans listed above but is reinstated under such plan due to a qualifying event, he/she forfeits his/her right to receive any portion of the payment. This waiver option is not available to any employee whose alternative coverage is or becomes a pre-existing condition insurance plan, high risk pool or insurance exchange, such that or as to whom the waiver would expose the Board to any liability for reimbursement or payment of insurance claims to such PCIP, high risk pool or insurance exchange.
Non-Participation Option. Any employee who, during the open enrollment period, elects in writing not to participate in the medical and dental insurance plans listed above shall receive, in lieu thereof, payment of $700.00 if they are eligible and qualified to participate as an individual only or $900.00 if they are eligible and qualified to receive Board-paid insurance benefits for employee plus one dependent or $1,200.00 if they are eligible and qualified to receive Board-paid insurance benefits for family. Such payment shall be made in two (2) equal installments in the second pay period in December and the second pay period in June. Employees hired after the open enrollment period electing not to participate in the insurance program shall receive a pro-rated payment in lieu of benefits. This non-participation option is only available to employees who are covered by alternative employment based health insurance coverage elsewhere. This non-participation option is not available to any employee whose alternative coverage is or becomes a pre-existing condition insurance plan, high risk pool or insurance exchange, such that or as to whom the non-participation option in the Board’s plan will expose the Board to any liability for reimbursement or payment of insurance claims to such PCIP, high risk pool or insurance exchange. Any employee who loses said alternative employment based health insurance coverage due to unforeseen circumstances and/or change of status such as, but not limited to loss of said insurance by his/her spouse, divorce and/or death of said spouse, etc., may re-enroll in the Board provided insurance notwithstanding such occurs at a time other than open enrollment.

Related to Non-Participation Option

  • Participation Rights No HIG Stockholder may make a Transfer of Series C Preferred Stock pursuant to clause (a)(iv) of Section 2.1 unless such HIG Stockholder complies with the provisions of this Section 2.3. The transferring HIG Stockholder (the “Transferring Stockholder”) shall deliver a written notice (the “Offer Notice”) to the Company and to each Sankaty Stockholder that holds Series C Preferred Stock. The Offer Notice will disclose in reasonable detail the proposed number of shares of Series C Preferred Stock to be transferred, the proposed price, terms and conditions of the Transfer and the identity of the transferee. Each of the Sankaty Stockholders holding Series C Preferred Stock may elect to participate in the contemplated sale by delivering written notice to the Transferring Stockholder within 10 days after receipt of the Offer Notice. If any of such Sankaty Stockholders elects to participate in such sale (the “Participating Stockholders”), each of the Transferring Stockholder and the Participating Stockholders will be entitled to sell in the contemplated sale a number of shares of Preferred Stock equal to the product of (i) the fraction, the numerator of which is the number of shares of Series C Preferred Stock held by such Person, and the denominator of which is the aggregate number of Series C Preferred Stock owned by the Transferring Stockholder and the Participating Stockholders, multiplied by (ii) the number of shares of Series C Preferred Stock to be sold by the Transferring Stockholder and the Participating Stockholders in the contemplated sale. As a condition to any Transfer by the Transferring Stockholder, the Transferring Stockholder must obtain the agreement of the prospective transferee(s) to the participation of all Participating Stockholders in any contemplated sale and will not transfer any of its Securities to the prospective transferee(s) if the prospective transferee(s) declines to allow the participation of the Participating Stockholders on the terms specified herein.

  • Non-Participation in Insurance Your initials on this clause of the Agreement acknowledges the Patient’s understanding that neither the CLINIC, nor its Physician, participate in any health insurance or HMO plans or panels and cannot accept Medicare eligible patients. We make no representations that any fees that You pay under this Agreement are covered by your health insurance or other third party payment plans. It is the Patient’s responsibility to determine whether reimbursement is available from a private, non-governmental insurance plan and to submit any required billing. (Initial)

  • Union Participation The Employer agrees not to interfere with the rights of the employees to become members of the Union and there shall be no discrimination, interference, restraint, or coercion by the Employer or any Employer representative against any employee because of Union membership or because of any employee activity officially sanctioned by this contract on behalf of the Union.

  • Termination of Participation If the Administrator determines in good faith that the Executive no longer qualifies as a member of a select group of management or highly compensated employees, as determined in accordance with ERISA, the Administrator shall have the right, in its sole discretion, to cease further benefit accruals hereunder.

  • Public Participation 79. This Consent Decree shall be lodged with the Court for a period of not less than 30 Days for public notice and comment in accordance with 28 C.F.R. ' 50.7. The United States reserves the right to withdraw or withhold its consent if the comments regarding the Consent Decree disclose facts or considerations indicating that the Consent Decree is inappro- priate, improper, or inadequate. Defendant consents to entry of this Consent Decree without further notice and agrees not to withdraw from or oppose entry of this Consent Decree by the Court or to challenge any provision of the Decree, unless the United States has notified Defendant in writing that it no longer supports entry of the Decree.

  • Participation Fee If your account is subject to a Participation Fee, a fee will be charged when you open an account as described on the Disclosure accompanying this Agreement.

  • Continued Participation If Contractor elects to defend the claim, the City may retain separate counsel to participate in (but not control) the defense and to participate in (but not control) any settlement negotiations.

  • Program Participation By participating in the CRF Program, Grantee agrees to:

  • Participation by Warrantholder No adjustments shall be made pursuant to this Article 4 if the Registered Warrantholders are entitled to participate in any event described in this Article 4 on the same terms, mutatis mutandis, as if the Registered Warrantholders had exercised their Warrants prior to, or on the effective date or record date of, such event.

  • Voluntary Participation The Grantee’s participation in the Plan is voluntary. The value of the Restricted Stock Units is an extraordinary item of compensation. Unless otherwise expressly provided in a separate agreement between the Grantee and the Company or a Subsidiary, the Restricted Stock Units are not part of normal or expected compensation for purposes of calculating any severance, resignation, redundancy, end-of-service payments, bonuses, long-service awards, pension or retirement benefits or similar payments.

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