Common use of WAIVER BENEFIT Clause in Contracts

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. (b) Written notification to the college must be submitted on or before September 1st, on a form agreed to by the parties annexed to this Agreement as Appendix F. Once such a written waiver notice is submitted, it shall continue in effect unless and until rescinded, in writing, by the bargaining unit member. (c) It is understood and agreed that any unit member who waives health insurance coverage for any one year may elect coverage for any subsequent year. Such election must be made during the college's open enrollment period. (d) Notwithstanding the waiver of health insurance coverage by a unit member for any year, the unit member will be permitted re-entry into the college's health plan when a “Qualifying Event” occurs. A qualifying event is defined as marriage, birth, adoption of child, legal guardianship, divorce, death, national support notice, involuntary loss of coverage, and other events as determined by insurance carrier. Some events require proof or documentation. (e) The actual waiver amount paid to any employee pursuant to this section shall be determined by applying the College's contribution rate for that employee to the appropriate maximum waiver amount noted above.‌ (f) Prorated waiver payments: employees who submit written notification to the College before the first of any month of their intention to drop the College's coverage shall be credited with a full month for purposes of the waiver beginning with the next full month following notification. Said employees will thereafter receive one-twelfth (1/12th) of the appropriate waiver sum for each full month in which health insurance is waived.

WAIVER BENEFIT. (a) The Effective upon ratification of this contract by both parties 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. (b) Written notification to the college must be submitted on or before September 1st, on a form agreed to by the parties annexed to this Agreement as Appendix F. Once such a written waiver notice is submitted, it shall continue in effect unless and until rescinded, in writing, by the bargaining unit member. (c) It is understood and agreed that any unit member who waives health insurance coverage for any one year may elect coverage for any subsequent year. Such election must be made during the college's open enrollment period. (d) Notwithstanding the waiver of health insurance coverage by a unit member for any year, the unit member will be permitted re-entry into the college's health plan when a “Qualifying Event” occurswhere unforeseen events occur which have not resulted from the unit member's fault or negligence. A qualifying event is defined as marriage, birth, adoption of child, legal guardianship, divorce, death, national support notice, involuntary loss of coverage, and other events as determined by Re-entry shall be subject to any insurance carrier. Some events require proof or documentation's restrictions which may apply. (e) The actual waiver amount paid to any employee pursuant to this section shall be determined by applying the College's contribution rate for that employee to the appropriate maximum waiver amount noted above.‌above. (f) Prorated waiver payments: employees who submit written notification to the College before the first of any month of their intention to drop the College's coverage shall be credited with a full month for purposes of the waiver beginning with the next full month following notification. Said employees will thereafter receive one-twelfth (1/12th) of the appropriate waiver sum for each full month in which health insurance is waived.

WAIVER BENEFIT. (a) The Effective upon ratification of this contract by both parties 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-full- time members. (b) Written notification to the college must be submitted on or before September 1st, on a form agreed to by the parties annexed to this Agreement as Appendix F. Once such a written waiver notice is submitted, it shall continue in effect unless and until rescinded, in writing, by the bargaining unit member. (c) It is understood and agreed that any unit member who waives health insurance coverage for any one year may elect coverage for any subsequent year. Such election must be made during the college's open enrollment period. (d) Notwithstanding the waiver of health insurance coverage by a unit member for any year, the unit member will be permitted re-entry into the college's health plan when a “Qualifying Event” occurswhere unforeseen events occur which have not resulted from the unit member's fault or negligence. A qualifying event is defined as marriage, birth, adoption of child, legal guardianship, divorce, death, national support notice, involuntary loss of coverage, and other events as determined by Re-entry shall be subject to any insurance carrier. Some events require proof or documentation's restrictions which may apply. (e) The actual waiver amount paid to any employee pursuant to this section shall be determined by applying the College's contribution rate for that employee to the appropriate maximum waiver amount noted above.‌above. (f) Prorated waiver payments: employees who submit written notification to the College before the first of any month of their intention to drop the College's coverage shall be credited with a full month for purposes of the waiver beginning with the next full month following notification. Said employees will thereafter receive one-twelfth (1/12th) of the appropriate waiver sum for each full month in which health insurance is waived.

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. (b) Written notification to the college must be submitted on or before September 1st, on a form agreed to by the parties annexed to this Agreement as Appendix F. Once such a written waiver notice is submitted, it shall continue in effect unless and until rescinded, in writing, by the bargaining unit member. (c) It is understood and agreed that any unit member who waives health insurance coverage for any one year may elect coverage for any subsequent year. Such election must be made during the college's open enrollment period. (d) Notwithstanding the waiver of health insurance coverage by a unit member for any year, the unit member will be permitted re-entry into the college's health plan when a “Qualifying Event” occurs. A qualifying event is defined as marriage, birth, adoption of child, legal guardianship, divorce, death, national support notice, involuntary loss of coverage, and other events as determined by insurance carrier. Some events require proof or documentation. (e) The actual waiver amount paid to any employee pursuant to this section shall be determined by applying the College's contribution rate for that employee to the appropriate maximum waiver amount noted above.‌above. (f) Prorated waiver payments: employees who submit written notification to the College before the first of any month of their intention to drop the College's coverage shall be credited with a full month for purposes of the waiver beginning with the next full month following notification. Said employees will thereafter receive one-twelfth (1/12th) of the appropriate waiver sum for each full month in which health insurance is waived.