Wellness Rebate Compensation Sample Clauses
Wellness Rebate Compensation. Each unit member who submits to the District an approved Wellness certification that verifies that the unit member has satisfied all of the Wellness requirements referenced in section 1(c) below, each year shall receive a Wellness Rebate equal to five percent (5%) of the total premium cost of the Low Cost plan based upon the subscriber level selected for the year. The value of the five percent (5%) Wellness Rebate Compensation will change each year depending upon the total premium cost of the low cost medical plan provided by the District. The Wellness requirements must be completed by May 15th in order to receive the rebate on a monthly basis.
Wellness Rebate Compensation. Each unit member who submits to the District an approved Wellness certification that verifies that the unit member has satisfied all of the Wellness requirements referenced section 9.8.2(c) below, each year shall receive a Wellness Rebate equal to five percent (5%) of the total medical premium cost of the applicable Low Cost plan based upon the subscriber level selected for the year. The value of the five percent (5%) Wellness Rebate Compensation will change each year depending upon the total premium cost of the low cost plan provided by the District. Monthly Wellness Rebate Allocation: Unit members shall have the 2013-2014 annual lump sum Wellness Rebate and subsequent year Wellness Rebates divided over the payroll periods in the 2013-2014 school year and subsequent school years and shall allocate the Wellness Rebate amount each month toward the bargaining unit member’s share of premium costs. If the unit member fails to meet the December 2nd deadline for submission of the Wellness Certification, the District shall recoup the value of the annual Wellness Rebate from the unit member over the subsequent payroll periods beginning with the January payroll warrant. If the unit member later completes the Wellness certification by May 15th, the District shall ensure that the unit member receives no more or no less than the applicable annual value of the Wellness Rebate for the plan option and subscriber level applicable to the unit member.
Wellness Rebate Compensation. Each unit member who submits to the District an approved Wellness Rebate Form, which verifies that the unit member has satisfied all of the Wellness requirements, each year shall receive a Wellness Rebate equal to five percent (5%) of the average of the premium costs for all medical Plans offered by the District based upon the subscriber level selected for the year. The value of the five percent (5%) Wellness Rebate Compensation will change each year depending upon the average of the Premium cost for all medical plans offered by the District. Employees eligible for the Wellness Rebate will only be eligible to receive up to the amount of their contribution of the premium cost Paid or the 5% Wellness Rebate amount, whichever is less.