Section 125 Premium Conversion Plan Sample Clauses

Section 125 Premium Conversion Plan. (a) Eligible employees shall be provided with a Section 125 Premium Conversion Plan. The purpose of the Plan is to provide employees a choice between paying premiums with either pre-tax salary reductions or after-tax payroll deductions for health insurance, dental insurance, voluntary life (to the IRS specified limit) and accidental death and dismemberment insurance premiums The amount of the pre-tax salary reduction or after-tax payroll deduction must be equal to the required insurance premium.
Sample 1Sample 2Sample 3See All (20)
AutoNDA by SimpleDocs
Section 125 Premium Conversion Plan. Employees who select the Modified Benefit Option shall be eligible to participate in the Section 125 Premium Conversion Plan in the same manner as the full benefit option.
Sample 1Sample 2
Section 125 Premium Conversion Plan. The Quilcene School Board has approved the above named plan, which would allow eligible employees, through salary conversion, to pay for health insurance benefits with "pre-tax" dollars. The full agreement is available in the business manager's office.
Sample 1Sample 2
Section 125 Premium Conversion Plan. ALL UNITS
Sample 1Sample 2

Related to Section 125 Premium Conversion Plan

  • Casual Conversion (a) A casual employee who has been rostered on a regular and systematic basis over a period of 26 weeks has the right to request conversion to permanent employment:

  • Sick Leave Conversion On January 1 of each year, an employee may convert up to a maximum of 30 hours accumulated sick leave at fifty percent (50%) cash value for the sole purpose of reimbursing the employee for medical costs. This conversion is subject to the following:

  • Annual Conversion Once per fiscal year, an employee may elect to cash out annual leave in the amount of forty

  • Salary Schedule Placement 1. Credit hours for the purpose of placement on the salary schedule shall be defined as those semester hour credits earned for graduate courses that are within the teacher’s present certification or a planned program leading to additional areas of teacher certification, guidance or administration. Upon approval of the Superintendent, any other courses, graduate or undergraduate may be certified for proper placement on the salary schedule.

Time is Money Join Law Insider Premium to draft better contracts faster.