Common use of Voluntary Life Insurance Coverage Clause in Contracts

Voluntary Life Insurance Coverage. The University will provide a bargaining unit member an opportunity to purchase additional life insurance through payroll deduction at the employee’s expense. Vendors will be selected from the analysis done by the Health Care Advisory Task Force. Annual Out-of- Pocket Maximum (including Deductible). Office Visit Co pays Do Not Count Toward Annual Maximum In-Network $425 / $850 Non-Network $925 / $1,350 N/A $1,300/$2,700 for Non- Authorized Services $3,000/$6,000 Benefit Period Calendar Year (January 1 through December 31) Calendar Year (January 1 through December 31) Calendar Year (January 1 through December 31) Pre-existing Period No Waiting Period No Waiting Period No Waiting Period 6.1 Staff Development Leaves: For each of the fiscal years of this Agreement, the University will support a minimum of two (2) Staff Development Leaves for full-time members of the bargaining unit. Each leave shall be for up to twelve (12) months duration unless additional time is approved. Each leave recipient shall be paid 100% of his/her salary while on leave. The University will maintain group insurance coverage for leave recipients at no cost to them, and all other rights and privileges shall remain in effect during the leave as though the individual were not on leave. A maximum of twenty (20) percent of one-third (1/3) of the average salary of full-time bargaining unit members, budgeted for the prior year, will be budgeted for anticipated expenses to be incurred during the leave(s). The

Appears in 1 contract

Samples: Employment Agreement

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