Common use of Voluntary Waiver of Benefits Clause in Contracts

Voluntary Waiver of Benefits. There shall be a voluntary waiver incentive plan for the health/hospitalization, prescription and dental insurances provided in this Agreement. An incentive payment, not to exceed $5,000, will be made to the employee in the amount of 25% of the relevant premium, minus employee contribution, that the Board would have been required to pay if the employee had not waived coverage. The waiver period shall be July 1 through June

Voluntary Waiver of Benefits. 1. There shall be a voluntary waiver incentive plan for the health/hospitalization, prescription and dental insurances provided in this Agreement. An incentive payment, not to exceed $5,000, payment will be made to the employee in the amount of 2530% of the relevant premium, minus employee contribution, that premium the Board would have been required to pay if the employee had not waived coverage. The waiver period shall be July 1 through June