Common use of Salary Reduction and Elective Option Clause in Contracts

Salary Reduction and Elective Option. The Board shall provide each teacher with the opportunity to execute a salary reduction agreement. Contributions under the salary reduction agreement shall be designated by the teacher for the purchase of a benefit or benefits from the following approved plans: 1. Group Term Life Insurance up to $50,000 2. Group Health Insurance 3. Disability Income Insurance 4. Cancer and Other Dread Diseases Insurance 5. Dependent Care 6. Medical Reimbursement 7. Such other lawful components or options as may be approved by the Board from time to time.

Salary Reduction and Elective Option. The Board shall provide each teacher with the opportunity to execute a salary reduction agreement. Contributions under the salary reduction agreement shall be designated by the teacher for the purchase of a benefit or benefits from the following approved plans: 1. Group Term Life Insurance up to $50,000 2. Group Health Insurance 3. Disability Income Insurance 4. Cancer and Other Dread Diseases Insurance 5. Dependent Care 6. Medical Reimbursement 7. Health Savings Account 8. Such other lawful components or options as may be approved by the Board from time to time.

Salary Reduction and Elective Option. The Board shall provide each teacher with the opportunity to execute a salary reduction agreement. Contributions under the salary reduction agreement shall be designated by the teacher for the purchase of a benefit or benefits from the following approved plans: 1. : Group Term Life Insurance up to $50,000 2. 50,000 Group Health Insurance 3. Insurance Disability Income Insurance 4. Insurance Cancer and Other Dread Diseases Insurance 5. Insurance Dependent Care 6. Care Medical Reimbursement 7. Reimbursement Such other lawful components or options as may be approved by the Board from time to time.