Common use of Waiver of Benefits Clause in Contracts

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.

Waiver of Benefits. a. For each plan year (January 1 July – December 31June) 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.