Wage Premium in Lieu of Benefits. In lieu of all benefits except for shift differential, call back pay, standby pay, holiday pay if worked and longevity steps, a part-time nurse may elect a sixteen percent (16%) wage premium above the straight time hourly rate of pay. This election must occur within ten (10) days of employment and between the dates of October 1 and October 15 in each subsequent year thereafter, providing the nurse presents the Employer with written evidence that the nurse is covered by health insurance elsewhere. Nurses changing from benefits status to premium pay in lieu of benefits shall be paid any accrued annual leave at the time of the status change. Should a nurse who is receiving the sixteen percent (16%) wage premium want to revert back to benefits status, that election can only occur between October 1 and October 15 of each year, unless the nurse demonstrates a loss of alternate health insurance coverage and no availability of COBRA rights. The term "benefits" shall include but shall not be limited to PTO and EIT (Article10), insurance and retirement policies (Article 11), paid leaves of absence (Article 12 and 13), and tuition reimbursement (Article 13).
Appears in 5 contracts
Samples: Employment Agreement, Employment Agreement, Employment Agreement
