Waiver of Benefits a. For each plan year (January 1 – December 31) in which an eligible employee does not participate in any of the insurance coverages (medical/Rx, dental and vision), that employee shall receive the sum of one thousand dollars ($1,000) if the employee is waiving single coverage and two thousand dollars ($2,000) if the employee is waiving family coverage. This waiver program is not available to an employee whose spouse also is employed by the Board and enrolled in the insurance coverages.
b. It shall be the responsibility of the employee to notify the Treasurer by August 15 of his/her desire to waive medical/Rx, dental and vision insurance coverages. The waiver payment shall be made to the employee in two (2) equal payments, the first on the payday nearest February 1 and the second on the payday nearest August 1.
c. The employee shall provide proof of coverage from another provider or source in order to participate in this waiver program. The employee may re-enroll in District-offered insurance coverages upon providing written proof that his/her alternate source of coverage is no longer available. Should the employee re-enroll in the District insurance coverages, waiver payments shall be prorated based on the number of months the employee was not enrolled.
Waiver of Benefits. Tenant waives the benefits of all existing and future rent control legislation and statutes and any similar governmental rules and regulations, whether in time of war or not, to the extent permitted by law.
Waiver of Benefits. ______Based on ___ Husband’s ___ Wife’s employment during the marriage with _______________________________________________________________________, a community interest has arisen in the following plan(s):___________________________ _______________________________________________________________________. Under the terms of this agreement, that entire interest, including the right to name beneficiaries other than the employee’s spouse for death and survivor benefits payable under the plan, is being awarded to the employee-spouse. The non-employee spouse is informed that, under federal law or the terms of the plan, she/he may, but for this agreement, have become entitled to survivor rights or benefits payable by the plan. The non-employee spouse shall timely sign whatever documents, including but not limited to a stipulated qualified domestic relations order (QDRO), that are required to implement her/his waiver of spousal rights in the plan, including written consent to the employee spouse’s designation of one or more alternate beneficiaries. This provision does not waive any right expressly provided in any trust agreement or beneficiary designation executed by the employee spouse after the effective date of this agreement.
Waiver of Benefits. 20:9.1 To the extent permitted by law, employees who have alternate medical and/or dental and/or prescription coverage may elect to waive coverage in one or more of the insurance plans provided in this Article by signing a waiver form.
20:9.2 To the extent permitted by law, an employee who waives coverage shall receive payment equal to 25% of the cost of the premium the Board would have paid had the employee not waived coverage.
20:9.3 An employee who has waived coverage, but later loses coverage in his/her alternate insurance plan, may resume coverage under the Board’s plan, upon reimbursement of the amount paid (prorated for each month of insurance coverage) and subject to rules and regulations of the insurance carrier.
Waiver of Benefits. Each party shall operate as an independent contractor, and as such shall not receive any sick and annual leave benefits, medical insurance, life insurance, paid vacations, paid holidays, sick leave, pension, or Social Security from the other party, for any services rendered under this Agreement.
Waiver of Benefits. Employees may waive any of the above coverages except life insurance and LTD. Employees who waive Dental or Extended Health are not eligible to later enroll unless they can show proof that they have had similar coverage under another plan. Such enrolment must be made within thirty (30) days of the termination of coverage under the other plan.
Waiver of Benefits. The Guarantor waives in favour of the Bank all its legal and conventional benefits, all its rights and claims and any right of compensation or other similar defences that it could raise against the Bank in relation to the Secured Obligations, to the maximum extent allowed by the law, including the benefit of discussion and the benefit of division.
Waiver of Benefits. The Contractor, as an independent contractor, will not receive from the City any sick and annual leave benefits, medical insurance, life insurance, paid vacations, paid holidays, sick leave, pension, or Social Security for any Services rendered to the City under this Agreement.
Waiver of Benefits. If any of the warranties, representations, covenants, agreements or conditions (individually and collectively the “Requirements”) required herein are not true, correct, performed, satisfied or met, the party for whose benefit the Requirements are intended may, at its sole election, waive any such Requirements, in which event this Purchase Agreement shall continue in full force and effect.
Waiver of Benefits. (1) Employees who have alternate medical coverage may elect to waive such coverage provided in this Article by signing a waiver form. This waiver applies only to medical coverage, and does not apply to dental.
(2) An employee who waives medical coverage shall receive payment of $3,000.00 per year and $500.00 annual payment for waiver of prescription coverage.
(3) The waiver must be submitted prior to May 1 and must be effective for the entire school year (July 1 – June 30). Each waiver will be effective for one year only and must be renewed each year if a continued waiver is desired. Employees shall receive the $3,000.00 payment at the commencement of their waiver of benefits.
(4) Any employee who has waived coverage, but later loses coverage in his/her alternate insurance plan, may resume coverage under the Board’s plan, upon reimbursement of the amount paid (prorated for each month of insurance coverage) and subject to the rules and regulations of the insurance carrier.
(5) The Board agrees to establish an IRC Section 125 Plan.
