Opt-Out Election. An employee who has medical insurance coverage as a result of being an eligible dependent of another City employee, who has medical insurance coverage as an eligible dependent of a person employed elsewhere, or who otherwise has medical insurance coverage, may elect not to participate in the medical insurance plans offered by the City and may elect to receive $500 per month in lieu of the amount the City would otherwise contribute for medical insurance for the employee. To elect cash in lieu, the employee must sign a waiver of medical insurance coverage provided by the City and provide proof of medical insurance coverage to Human Resources annually before the end of the open enrollment period.
Opt-Out Election. HMHP shall provide Practice notice of each new CI Payor Contract and Risk Payor Contract. If Practice chooses to exercise an Opt Out Election, Practice shall have thirty (30) days from receipt of notice from HMHP regarding the proposed new CI Payor Contract or Risk Payor Contract to provide an Opt Out Election for the new Payor Contract. If HMHP does not receive such notice post-marked within such thirty (30) day period, the new Payor Contract shall be deemed accepted by, and shall be binding upon, Practice and the Participating Physicians. Notwithstanding anything to the contrary herein, any decision by Practice to provide an Opt Out Election for any CI Payor Contract or Risk Payor Contract shall not affect the status of Practice in all other Payor Contracts referenced herein and shall not be deemed a termination of this Agreement.
Opt-Out Election. If and after Restructuring is implemented during the term of this AGREEMENT, and if allowed by the law, at any time up until five (5) years prior to the termination of this AGREEMENT as specified herein, the Seller shall have the election, but not the obligation, by notice as provided herein to the Buyer and the Regulator, to unilaterally opt-out of and avoid this AGREEMENT, but only for the purpose of participating in the Restructured power market.
Opt-Out Election. At any time, a Sponsor Holder may make a written election to no longer receive any notice or information regarding a Piggyback Registration (an “Opt-Out Election”). Following receipt of such Opt-Out Election, the Company shall not be required to, and shall not, deliver any such notice or information to such Sponsor Holder from the date of such Opt-Out Election. An Opt-Out Election may state a date on which it expires or, if no such date is specified, shall remain in effect indefinitely. A Sponsor Holder who previously has given the Company an Opt-Out Election may revoke such election at any time, and there shall be no limit on the ability of a Sponsor Holder to issue and revoke subsequent Opt-Out Elections.
Opt-Out Election. A qualified employee shall acknowledge reasons for Opt-out when applying electronically for participation in the Opt-out, and must also acknowledge the reason(s) on an annual basis during the open enrollment period for each plan year.
Opt-Out Election. (i) At or before Closing, Purchaser may elect not to purchase equity and/or other interests in Seller’s investments, subsidiaries, and/or joint ventures (with respect to each subsidiary, investment, and joint venture, an “Opt Out Election”). In the event that Purchaser makes an Opt Out Election, Seller shall have no obligation to sell to Purchaser, and Purchaser shall have no obligation to purchase, the applicable equity or other interest. At Closing, Seller shall transfer to Purchaser all equity and/or other interests in Seller’s investments, subsidiaries, and/or joint ventures that are not subject to an Opt Out Election to Purchaser free and clear of any and all Encumbrances. The parties hereto hereby agree that the exercise of any Opt Out Election and/or the transfer of equity and/or other interests in Seller’s investments, subsidiaries, and/or joint ventures shall not result in the increase or decrease of the Purchase Price.
Opt-Out Election. Employees hired prior to March 1, 2017 who have alternative medical insurance coverage from another source may elect not to participate in the medical insurance plans offered by the District and instead receive $500 per month in lieu of the amount the District would otherwise contribute for medical insurance for the employee. To elect cash in lieu, the employee must sign a waiver of medical insurance coverage provided by the District and provide proof of current medical insurance coverage that meets all required minimum standards to the District annually before the end of the open enrollment period. Employees hired on or after March 1, 2017 are not eligible to receive the monthly cash in lieu payment. Employees hired prior to March 1, 2017, who have not previously received cash in lieu payments are ineligible to opt-out and receive cash in lieu payments in the future. Employees who previously received cash in lieu payments and subsequently begin receiving employer provided medical insurance coverage are ineligible to again opt-out and receive cash in lieu payments.
Opt-Out Election. I elect to opt-out of the new SOAR Compensation Plan and remain on the 2013−2014 step and level salary schedule.
Opt-Out Election. If the Township elects to opt-out of PA 152, the Union and the Employer agree to maintain status quo as it pertains to health care premium sharing.
