W age Premium in Lieu of Benefits Clause Samples

W age Premium in Lieu of Benefits. In lieu of all benefits except for shift differential, lead pay, in-charge pay, certification pay, callback pay, standby pay, and longevity steps, full-time and part-time benefit eligible employees may elect a fifteen percent (15%) wage premium. This election must occur within the first ten (10) days of employment or within ten (10) days of the signing of this Agreement, whichever is later, or annually on dates designated in advance by the Employer, providing the employee presents the Employer with written evidence that the employee is covered by health insurance elsewhere, and providing the application for insurance coverage is approved by the insurance carriers. Employees will be given advance notice of enrollment dates. After the decision to receive either (1) compensation plus benefits or (2) compensation plus premium pay in lieu of benefits has been made by the employee, no changes in that compensation status will be allowed except as provided herein.