WAIVER BENEFIT Sample Clauses

WAIVER BENEFIT. (a) The College agrees to provide unit members, on or about May 1st of each year, the following amounts in exchange for a waiver of health insurance benefits for the year: $500 (for waiver of single coverage) or $1000 (for waiver of family coverage). Part-time unit members shall be eligible for the health insurance waiver benefit determined in the same manner as full-time members.
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WAIVER BENEFIT. Teachers who do not take Board offered insurance will receive the sum of $2,500 or the maximum amount that would not require the Board to pay any additional tax, or penalty under the Affordable Care Act or its regulations, whichever is less, payable throughout the regular payroll schedule.
Sample 1
WAIVER BENEFIT. (a) On or about May 1st of each year, the College agrees to provide unit members their waiver benefits of $300 (for waiver of single coverage) or $750 (for waiver of family coverage), pursuant to Section 13.9 in a separate check, less mandated federal and state deductions.
Sample 1

Related to WAIVER BENEFIT

  • Other Benefits During the Term, the Executive shall be eligible to participate in or receive benefits under the Company’s employee benefit plans in effect from time to time, subject to the terms of such plans.

  • Retirement Benefit Should the Director still be in the Directorship ------------------ of the Association upon attainment of his 70th birthday, the Association will commence to pay him $590 per month for a continuous period of 120 months. In the event that the Director should die after becoming entitled to receive said monthly installments but before any or all of said installments have been paid, the Association will pay or will continue to pay said installments to such beneficiary or beneficiaries as the Director has directed by filing with the Association a notice in writing. In the event of the death of the last named beneficiary before all the unpaid payments have been made, the balance of any amount which remains unpaid at said death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the estate of the last named beneficiary to die. In the absence of any such beneficiary designation, any amount remaining unpaid at the Director's death shall be commuted on the basis of 6 percent per annum compound interest and shall be paid in a single sum to the executor or administrator of the Director's estate.

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