Common use of Option In Lieu of Medical Insurance Clause in Contracts

Option In Lieu of Medical Insurance. Employees who are eligible to be enrolled in medical insurance, but do not choose to enroll and who are not enrolled in another Board-sponsored medical insurance plan, the Employer will provide an advance election cafeteria plan that provides three thousand dollars ($3,000). This benefit shall be prorated if the employee works less than thirty (30) hours per week. The proration shall be calculated according to Section 1 above. The number of people electing the option shall be determined at the close of business on the last day of the open enrollment period.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Option In Lieu of Medical Insurance. Employees who are eligible to be enrolled in medical insurance, but do not choose to enroll and who are not enrolled in another Board-Board- sponsored medical insurance plan, the Employer will provide an advance election cafeteria plan that provides three two thousand five hundred dollars ($3,0002,500.00). This benefit shall be prorated if the employee works less than thirty (30) hours per week. The proration shall be calculated according to Section 1 above. The number of people electing the option shall be determined at the close of business on the last day of the open enrollment period.

Appears in 2 contracts

Samples: Collective Bargaining Agreement, Collective Bargaining Agreement

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Option In Lieu of Medical Insurance. Employees who are eligible to be enrolled in medical insurance, but do not choose to enroll and who are not enrolled in another Board-Board- sponsored medical insurance plan, the Employer will provide an advance election cafeteria plan that provides three two thousand dollars ($3,0002,000.00). This benefit shall be prorated if the employee works less than thirty (30) hours per week. The proration shall be calculated according to Section 1 above. The number of people electing the option shall be determined at the close of business on the last day of the open enrollment period.

Appears in 1 contract

Samples: Collective Bargaining Agreement

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