Common use of Waiver of Coverage Clause in Contracts

Waiver of Coverage. The following benefit shall be provided under Section 125 of the Internal Revenue Code. A member who is eligible in the Board provided insurance plan who elects to decline family and single medical insurance program, via a written waiver, shall be entitled to receive one thousand dollars ($1,000.00) per fiscal year. This payment will be made in an annual payment on August 31 the year following said statement of waiver. Employees electing to waive this insurance coverage from the Board agree to remain out of the Board’s insurance plan for the life of this contract from the open enrollment date for electing insurance coverage. If the member waives coverage from the Board and subsequently loses their insurance coverage, they can apply to re-enroll in the Board’s plan in less than the contract period. Such employees shall receive a pro-rated share, one hundred dollars ($100.00) per month, not to exceed one thousand dollars ($1,000.00) per year of the one thousand dollars ($1,000.00) payment on the August 31 date stated herein. This waiver of coverage option is not available when both spouses are employed by the Board. The waiver for part-time employees choosing to participate shall be pro- rated to their contracted time with the Board of Education. Members who voluntarily or involuntarily terminate their employment with the Board or upon death or disability shall receive a pro rata share of the one thousand dollars ($1,000.00). This plan remains in effect for one (1) year from the commencement of the first date for open enrollment. It shall only continue if the equivalent of two (2) full-time family coverages or more participate in the waiver program. Should the equivalent of two (2) full- time family coverages not participate, then this Section (Item C) shall be null and void from the contract. Any individual that was not enrolled in the Board provided medical insurance plan in the 1992-93 school year shall not be counted as waiving said coverage for the purposes of this paragraph (i.e. “2”). Should the waiver program not be continued pursuant to this Section (Item C.) all participants shall be allowed to resume full participation pursuant to this Article in the Board provided insurance plan.

Waiver of Coverage. The following benefit shall be provided under Section 125 i. Notwithstanding the above, effective with the execution of the Internal Revenue Code. A member who is eligible this agreement, full-time employees may voluntarily elect to waive in the Board provided writing all health insurance plan who elects to decline family and single medical insurance programcoverage outlined above and, via a written waiverin lieu thereof, shall be entitled to receive one an annual payment of three thousand dollars ($1,000.003,000) per fiscal year. This payment will be made in an annual payment on August 31 the year following said statement of waiver. Employees electing to waive this insurance coverage from the Board agree to remain out of the Board’s insurance plan for the life of this contract from the open enrollment date for electing insurance coverage. If the family or member waives coverage from the Board and subsequently loses their insurance coverage, they can apply to re-enroll in the Board’s plan in less than the contract period. Such employees shall receive a pro-rated share, plus one or fifteen hundred dollars ($100.001,500) per month, not for individual in cash. Payments to exceed one thousand dollars ($1,000.00) per year those employees waiving such coverage shall be made at the conclusion of the one thousand dollars ($1,000.00) payment school year which insurance was waived. In the event that a secretary is on the August 31 date stated herein. This waiver of coverage option is not available when both spouses are employed by the Board. The waiver for part-time employees choosing to participate shall be pro- rated to their contracted time with the Montville Board of Education. Members who voluntarily Education Insurance Plan through their own or involuntarily terminate their employment with the Board spousal or upon death family coverage, he or disability shall receive a pro rata share of the one thousand dollars ($1,000.00). This plan remains in effect for one (1) year from the commencement of the first date for open enrollment. It shall only continue if the equivalent of two (2) full-time family coverages or more participate in the waiver program. Should the equivalent of two (2) full- time family coverages not participate, then this Section (Item C) shall be null and void from the contract. Any individual that was not enrolled in the Board provided medical insurance plan in the 1992-93 school year she shall not be counted as waiving said coverage eligible for this benefit. ii. Up to 25% of the purposes total Board of this paragraph (i.e. “2”). Should Education insurance group of all eligible employees may take advantage of the waiver program of health insurance. If more than 25% apply, seniority will be utilized annually for all Board of Education employees not yet receiving but desiring the waiver for any openings below 25% of eligible employees. iii. Notice of intention to waive insurance coverage must be continued pursuant sent to this Section (Item C.) all participants shall the superintendent not later than April 1 to be allowed to resume full participation pursuant to this Article effective in the following contract year. iv. The following rules will apply: 1. An employee electing Board provided insurance planmust stay on Board provided insurance for at least one full year. 2. All insurance waived employees who wish to return to Board provided insurance will have an open enrollment date annually of September 1 to return to Board provided insurance coverage for any reason at no cost to the employee (with no penalty) under same criteria established for new hires. To qualify for the September 1 enrollment, an employee must have notified the superintendent not later than June 15 of the same year of his/her decision to return to Board insurance. 3. Employees who have a change in coverage status such as death of the spouse (not by selection), may return to all Board provided health insurance coverage at any time throughout the year as long as written evidence is provided to the superintendent which substantiates one of these special conditions. 4. Restoration of insurance coverage shall be reinstated as soon as possible; subject, however, to any regulations or restrictions, including waiting periods, which may then be prescribed by the appropriate insurance carriers. Appropriate financial adjustments shall be made on a prorated basis between the employee and the Board for any waiver elected in this section. 5. Waiver of coverage procedures must be acceptable to all applicable insurance carriers. 6. Waiver of premium does not apply to Board provided life insurance.

Waiver of Coverage. The following benefit shall be provided under Section 125 a. Notwithstanding the above, effective with the execution of the Internal Revenue Code. A member who is eligible this agreement, custodians may voluntarily elect to waive in the Board provided writing all health insurance plan who elects to decline family and single medical insurance programcoverage outlined above and, via a written waiverin lieu thereof, shall be entitled to receive one an annual payment of three thousand dollars ($1,000.003,000) per fiscal year. This payment will be made in an annual payment on August 31 the year following said statement of waiver. Employees electing to waive this insurance coverage from the Board agree to remain out of the Board’s insurance plan for the life of this contract from the open enrollment date for electing insurance coverage. If the family or member waives coverage from the Board and subsequently loses their insurance coverage, they can apply to re-enroll in the Board’s plan in less than the contract period. Such employees shall receive a pro-rated share, plus one or fifteen hundred dollars ($100.001,500) per month, not for individual in cash. Payments to exceed one thousand dollars ($1,000.00) per year those custodians waiving such coverage shall be made on or before July 31 of the one thousand dollars ($1,000.00) payment school year during which insurance was waived. In the event a custodian in on the August 31 date stated herein. This Montville Board of Education insurance plan through their own or spousal or family coverage, h/she shall not be eligible for this benefit. b. Up to 25% of the total Board of Education insurance group of all eligible employees may take advantage of the waiver of coverage option is health insurance. If more than 25% apply, seniority will be utilized annually for all Board of Education employees not available when both spouses are employed by yet receiving but desiring the Board. The waiver for part-time employees choosing any openings below 25% of eligible employees. c. Notice of intention to participate shall waive insurance coverage must be pro- rated sent to their contracted time with the Board of Education. Members who voluntarily or involuntarily terminate their employment with superintendent not later than April 1 to be effective in the Board or upon death or disability shall receive a pro rata share of the one thousand dollars ($1,000.00). This plan remains in effect for one following contract year. d. The following rules will apply: (1) year from the commencement of the first date An employee electing Board provided insurance must stay on Board provided insurance for open enrollment. It shall only continue if the equivalent of two at least one full year. (2) full-time family coverages or more participate in the waiver program. Should the equivalent of two (2) full- time family coverages not participate, then this Section (Item C) shall be null and void from the contract. Any individual that was not enrolled in the Board provided medical All insurance plan in the 1992-93 school year shall not be counted as waiving said coverage for the purposes of this paragraph (i.e. “2”). Should the waiver program not be continued pursuant waived employees who wish to this Section (Item C.) all participants shall be allowed return to resume full participation pursuant to this Article in the Board provided insurance planwill have an open enrollment date annually of September 1 to return to Board provided insurance coverage for any reason at no cost to the employee (with no penalty) under same criteria established for new hires. To qualify for the September 1 enrollment, an employee must have notified the superintendent not later than June 15 of the same year of his/her decision to return to Board insurance. (3) Employees who have a change in coverage status such as death of the spouse, divorce, or the loss of coverage through the spouse (not by selection), may return to all Board provided health insurance coverage at any time throughout the year as long as written evidence is provided to the superintendent which substantiates one of these special conditions. (4) Restoration of insurance coverage shall be reinstated as soon as possible; subject, however, to any regulations or restrictions, including waiting periods, which may then be prescribed by the appropriate insurance carriers. Appropriate financial adjustments shall be made on a pro rated basis between the employee and the Board for any waiver elected in this section. (5) Waiver of coverage procedures must be acceptable to all applicable insurance carriers. (6) Waiver of premium does not apply to Board provided life insurance.

Waiver of Coverage. The following benefit shall Board will establish a Medical Insurance Waiver Pool for the purpose of determining the cash stipend to be paid to all full-time employees who decide to waive their medical insurance coverage provided under Section 125 by the Board. Part of the Internal Revenue Code. A member who is consideration as to the amount of the stipend will be the coverage provided the eligible in employee as of the Board provided insurance plan who elects to decline date of May 1, 1996, and that coverage will be among one of the following: family medical, single medical, and single no medical insurance program, via a written waiver, shall be entitled to receive one thousand dollars ($1,000.00) per fiscal yeartaken. This payment will be made in an annual payment on August 31 the year following said statement of waiver. Employees electing to waive this insurance coverage from the Board agree to remain out of the Board’s insurance plan for the life of this contract from the open enrollment date for electing insurance coverage. If the member waives coverage from the Board and subsequently loses their insurance coverage, they can apply to re-enroll in the Board’s plan in less than the contract period. Such employees shall receive a pro-rated share, one hundred dollars ($100.00) per month, not to exceed one thousand dollars ($1,000.00) per year of the one thousand dollars ($1,000.00) payment on the August 31 date stated herein. This waiver of coverage option stipend is not available when both spouses are employed by the Board. The A written waiver must be presented to the Treasurer only during the open insurance enrollment period in the month of September each year. If an employee has need to resume the medical insurance program of the Board, he/she can do so only for the following reasons spelled out by the present carrier: adoption, birth, death, divorce, marriage, legal separation, spouse's employment status from full-time to part-time or vice versa, significant change in the spouse's health coverage at his/her place of employment or loss of other group coverage. These reasons will be provided by the medical insurance carrier. Employees who resume the medical insurance program of the Board will be ineligible to receive the stipend for that year. The stipend will be paid out to each participant by the 15th of November following the October to September period of participation. The stipend will be paid only if the teacher has fulfilled the entire contract for the previous school year. Any employee who waives medical insurance will have an amount put into the Waiver Pool equal to the Board contribution toward Plan B. Each October, the Board will place into the Medical Insurance Waiver Pool fifty percent (50%) of the total yearly amount of its share (based on the previous plan year's premium) for each family/single coverage waived. No amount will be provided by the Board for those employees choosing who, as of May 1, 1996, had no insurance coverage; however, they will be accorded single status for the purpose of receiving the stipend. In the month of October each year, the Treasurer will determine the stipend to participate shall be pro- rated to their contracted time paid out on the basis of the coverage carried on May 1, 1996, with the Board of Education. Members who voluntarily or involuntarily terminate their employment with the Board or upon death or disability shall receive a pro rata share family stipend being one hundred twenty-five percent (125%) of the one thousand dollars ($1,000.00). This plan remains in effect for one (1) year from the commencement of the first date for open enrollment. It shall only continue if the equivalent of two (2) full-time family coverages or more participate in the waiver program. Should the equivalent of two (2) full- time family coverages not participate, then this Section (Item C) shall be null and void from the contract. Any individual that was not enrolled in the Board provided medical insurance plan in the 1992-93 school year shall not be counted as waiving said coverage for the purposes of this paragraph (i.e. “2”). Should the waiver program not be continued pursuant to this Section (Item C.) all participants shall be allowed to resume full participation pursuant to this Article in the Board provided insurance plansingle stipend.