Common use of OPTION III NON-PARTICIPATION COMPENSATION Clause in Contracts

OPTION III NON-PARTICIPATION COMPENSATION. Full time employee's eligible to participate in the plan but who elect not to participate shall be entitled annual compensation as follows: $ 650 - One Person subscriber $1100 - Two Person subscriber $1350 - Family Plan subscriber Payment shall be made in equal bi-weekly installments. The employee may elect the compensation through deferred compensation or individual flexible spending account. The employee shall have sole responsibility to apply for deferred compensation, which shall be consistent with all terms and conditions of deferred compensation.

Appears in 5 contracts

Samples: Agreement, Termination of Agreement, Agreement

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