Common use of Opt out of Medical Coverage Clause in Contracts

Opt out of Medical Coverage. Employees may elect not to be covered by the PERS medical plan, provided they provide proof to the City of dual coverage from PERS or other medical coverage. Employees who decline coverage will be eligible to receive the following amounts per month from the above-listed optional pre-tax benefits and/or a taxable cash-out benefit. 1. Employee eligible to enroll as employee plus one, but enrolls as employee only = $100. 2. Employee eligible to enroll as employee plus two, but enrolls as employee plus one = $100. 3. Employee eligible to enroll employee plus two, but enrolls employee only = $150.

Appears in 4 contracts

Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding

AutoNDA by SimpleDocs

Opt out of Medical Coverage. Employees may elect not to be covered by the PERS medical plan, provided they provide proof to the City of dual coverage from PERS or other medical coverage. Employees who decline coverage will be eligible to receive the following amounts per month from the above-listed optional pre-tax benefits and/or a taxable cash-cash- out benefit. 1. Employee eligible to enroll as employee plus one, but enrolls as employee only = $100. 2. Employee eligible to enroll as employee plus two, but enrolls as employee plus one = $100. 3. Employee eligible to enroll employee plus two, but enrolls employee only = $150. 4. Employee eligible to enroll employee plus one, but enrolls no one = $150. 5. Employee eligible to enroll employee plus two but enrolls no one = $225.

Appears in 1 contract

Samples: Memorandum of Understanding

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