Opt Out Plan Sample Clauses

Opt Out Plan. Employees who are covered by a health care plan offered by an employer other than the District and can establish such coverage, which does not elect to take hospitalization-medical coverage offered by the District, may on a one time basis opt out from coverage may on a one time basis opt out from District coverage and receive a one-time $2000 payment from the district as payment in full. The employee will only be allowed to return to District coverage if he/she loses his/her eligibility for alternative coverage. Article Ten
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Opt Out Plan. Employees who are covered by a health care plan offered by an employer other than the Board and can establish such coverage, who do not elect to take hospitalization-medical coverage offered by the Board, may opt-out from Board coverage and for said enrollment year receive a $900 payment from the Board as payment in full. Once an employee opts out for a given year, the employee will not be able to receive the Board's coverage until the next enrollment period unless the employee loses his/her eligibility for the alternate coverage. If the employee returns to the Board's coverage under the conditions just stated, the employee shall pay back prorated the said $900 payment provided herein. The $900 will be paid for each enrollment year that the employee elects to opt-out under this provision. Effective Open Enrollment 1995 the opt-out payment shall be increased from $900.00 to $1,200.00 for said enrollment year.
Sample 1
Opt Out Plan. Upon submission of proof of alternate coverage, employees opting to decline medical coverage under the Board's plan shall be paid 50% of the premium saved by the Board. Election not to participate must be made by May 1 of any academic year; payment shall be made no later than September 1 of the following academic year. This program is entirely optional. Any employee who, having opted out, wishes to subsequently re-enroll may elect to do so during normal re-enrollment periods. This option shall apply to all health insurance provided by the Board. If it is found that a Section 125 (IRS Code) plan must be established in order to limit the implication of implementing this provision, the Board agrees to file the appropriate forms seeking approval of same.
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Related to Opt Out Plan

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  • Annual Production Program document describing the forecasts for Production and handling of Oil, Gas, water, special fluids, and waste arising from the Production process of each Development Area or Field.

  • Implementation Plan The Authority shall cause to be prepared an Implementation Plan meeting the requirements of Public Utilities Code Section 366.2 and any applicable Public Utilities Commission regulations as soon after the Effective Date as reasonably practicable. The Implementation Plan shall not be filed with the Public Utilities Commission until it is approved by the Board in the manner provided by Section 4.9.

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