Examples of Optional Benefit in a sentence
Part-time employees whose normal workweek consists of twenty (20) hours or more will be eligible to receive fifty (50) percent of the Optional Benefit amount available to full-time employees.
Employees hired or promoted after the commencement of a plan year will be eligible for the Optional Benefit on a pro-rata basis the first day of the month following the twenty-eighth (28th) day of employment in an eligible classification.
Eligibility - a full-time regular, limited-term or probationary employee is eligible to receive the Optional Benefit provided he or she is continuously employed in a full-time capacity.
The Optional Benefit Plan is a cash allotment which allows employees the option to take the benefit as taxable cash and/or apply the allotment to the cost of non-taxable benefits as described in the Authority’s Section 125 Cafeteria Plan, based on personal preferences.
Employees covered by CALPERS will receive the Credit for Unused Sick Leave Optional Benefit (Section 20965).
The Company’s Assistance Service Provider should be intimated for availing ‘International Second Opinion’ (Optional Cover 7) under ‘Smart Hospi-Care Plus’ (Optional Benefit 3).
Final compensation for purposes of retirement shall be as set forth in the City’s contract with CalPERS, including, when applicable, the Government Code Section 20692 Optional Benefit or as required by law.
The Claim amount assessed would be deducted from the Coverage Amount of respective Optional Benefit or Optional Cover.
Optional Benefit No 1 – Extension to cover Landlord’s Household Goods and Furnishings in blocks of flats/apartments (N.B This benefit is meant for landlord only).
The Insured Member may avail out-patient treatment at any of the Company’s Network Provider or other Empanelled Provider which is payable up to 1% of ‘Smart Hospi-Care Plus (Optional Benefit 3)’Coverage Amount as specified in the Certificate of Insurance.