Common use of Premium Conversion Clause in Contracts

Premium Conversion. As permitted by law, the employer shall establish a pre-tax medical insurance plan. Each employee who elects coverage under the employer’s group medical plan shall automatically be considered to have elected participation in the pre-tax medical insurance plan, unless the employee affirmatively elects to receive full compensation.

Premium Conversion. As permitted by law, the employer Employer shall establish a pre-tax medical insurance plan. Each employee who elects coverage under the employerEmployer’s group medical plan shall automatically be considered to have elected participation in the pre-tax medical insurance plan, unless the employee affirmatively elects to receive full compensation.

Premium Conversion. As permitted by law, the employer Employer shall establish a pre-tax medical insurance plan. Each employee who elects coverage under the employer’s Employer's group medical plan shall automatically be considered to have elected participation in the pre-tax medical insurance plan, unless the employee affirmatively elects to receive full compensation.

Premium Conversion. As permitted by law, the employer Employer shall establish a pre-tax medical insurance plan. Each employee who elects Deductions for medical insurance coverage under the employer’s group medical plan shall automatically will be considered to have elected participation in the taken on a pre-tax medical insurance plan, unless the employee affirmatively elects to receive full compensationbasis.