Common use of Wage Premium in Lieu of Benefits Clause in Contracts

Wage Premium in Lieu of Benefits. In lieu of all fringe benefits provided for in this Agreement except for shift differential pay, callback pay, standby pay and longevity increments, full-time and part-time nurses 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 nurse presents the Employer with written evidence that the nurse is covered by health insurance elsewhere, and providing the application for enrollment is approved by the insurance carrier. Nurses will be given advance notice of enrollment dates. After the decision to receive either, compensation plus benefits or compensation plus premium pay in lieu of benefits has been made by the nurse, no change in that compensation status will be allowed except as provided herein. In the event the law requires the Employer to offer contribute to a program of health insurance on behalf of part-time nurses, and the part-time nurse is enrolled in one of the Employer’s health insurance plans, the fifteen percent (15%) differential provided herein shall be adjusted based on the percent such cost represents for a nurse on step 5 of the salary schedule except that the differential may not be less than nine percent (9%). The Employer retains the right to discontinue the premium in lieu of benefits as an option, except that nurses receiving the premium at that time may continue.

Wage Premium in Lieu of Benefits. In lieu of all fringe benefits provided for in this Agreement except for shift differential pay, callback pay, standby pay and longevity increments, full-time and part-time nurses 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 nurse presents the Employer with written evidence that the nurse is covered by health insurance elsewhere, and providing the application for enrollment is approved by the insurance carrier. Nurses will be given advance notice of enrollment dates. After the decision to receive either, compensation plus benefits or compensation plus premium pay in lieu of benefits has been made by the nurse, no change in that compensation status will be allowed except as provided herein. In the event the law requires the Employer to offer contribute to a program of health insurance on behalf of part-time nurses, and the part-time nurse is enrolled in one of the Employer’s health insurance plans, the fifteen percent (15%) differential provided herein shall be adjusted based on the percent such cost represents for a nurse on step 5 of the salary schedule except that the differential may not be less than nine percent (9%). The Employer retains the right to discontinue the premium in lieu of benefits as an option, except that nurses receiving the premium at that time may continue.

Wage Premium in Lieu of Benefits. In lieu of all fringe benefits provided for in this Agreement except for shift differential pay, callback pay, standby pay and longevity increments, full-time and part-time nurses 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 nurse presents the Employer with written evidence that the nurse is covered by health insurance elsewhere, and providing the application for enrollment is approved by the insurance carrier. Nurses will be given advance notice of enrollment dates. After the decision to receive either, compensation plus benefits or compensation plus premium pay in lieu of benefits has been made by the nurse, no change in that compensation status will be allowed except as provided herein. In the event the law requires the Employer to offer contribute to a program of health insurance on behalf of part-time nurses, and the part-time nurse is enrolled in one of the Employer’s health insurance plans, the fifteen percent (15%) differential provided herein shall be adjusted based on the percent such cost represents for a nurse on step 5 of the salary schedule except that the differential may not be less than nine percent (9%). The Employer retains the right to discontinue the premium in lieu of benefits as an option, except that nurses receiving the premium at that time may continue.