Common use of Amount of Buy-Out Clause in Contracts

Amount of Buy-Out. The employee will receive forty percent of the Town’s annual premium contribution for the coverage the employee is eligible for (individual, two-person, or family). For example, if the Town is contributing 80% of a $13,000 premium for family coverage, the amount of the buy-out would be 40% of $10,400, or $4160. The buy-out is subject to applicable taxes.

Amount of Buy-Out. The employee will receive forty percent of the Town’s annual premium contribution for the coverage the employee is eligible for (individual, two-person, or family). For example, if the Town is contributing 80% of a $13,000 premium for family coverage, or $10,400, the amount of the buy-out would be 40% of $10,400, or $4160. The buy-out is subject to applicable taxes.

Amount of Buy-Out. The employee will receive forty percent of the Town’s annual premium contribution for the coverage the employee is eligible for (individual, two-person, or family). For example, if the Town is contributing 80% of a $13,000 premium for family coverage, or $10,400, the amount of the buy-out would be 40% of $10,400, or $41604,160. The buy-out is subject to applicable taxes.

Amount of Buy-Out. The employee will receive forty twenty percent of the Town’s annual premium contribution for the coverage the employee is eligible for (individual, two-person, or family). For example, if the Town is contributing 80% of a $13,000 premium for family coverage, the amount of the buy-out would be 40% of $10,400, or $4160. The buy-out is subject to applicable taxes.

Amount of Buy-Out. The employee will receive forty percent of the Town’s annual premium contribution for the coverage the employee is eligible for (individual, two-person, or family). For example, if the Town is contributing 8082% of a $13,000 premium for family coveragecoverage (or $10,660), the amount of the buy-out would be 40% of $10,40010,660, or $41604264. The buy-out is subject to applicable taxes.