Cash in Lieu of Medical Benefits Sample Clauses

Cash in Lieu of Medical Benefits. In lieu of subscribing to the Board provided health insurance, an employee who works at least thirty (30 hours a week and thirty-eight (38) weeks or more per year may select the cash in lieu option. Cash option is $3,500.00. The cash option will be disbursed over twenty- four (24) pay periods. Cash in lieu will not be paid on the 3rd pay of the month. Employees newly eligible for insurance coverage as of July 1, 2016 will receive cash in lieu of $2,400.00 rather than $3,500.00.
Sample 1See All (6)
AutoNDA by SimpleDocs
Cash in Lieu of Medical Benefits. ‌ In lieu of subscribing to the Board provided medical insurance, an eligible employee may elect to receive $3,500.00 per school year. As of July 1, 2016, employees newly eligible for insurance coverage will receive cash in lieu of $2,400 rather than $3,500.
Sample 1See All (4)
Cash in Lieu of Medical Benefits. ‌ In lieu of subscribing to the Board provided health, dental, and vision insurance, an employee who works at least thirty (30) hours a week and at least thirty-eight weeks per year may select the cash in lieu option. The cash in lieu option is $3,500. The cash option will be disbursed over twenty-four (24) pay periods. Cash in lieu will not be paid on the 3rd pay of the month. Employees newly eligible for health insurance coverage after July 1, 2016 who select Cash in Lieu will receive $2,400 in lieu of health, dental and vision coverage.
Sample 1Sample 2
Cash in Lieu of Medical Benefits. 16.4.8.1 Employees Hired After October 1, 2013 Employees who provide proof of alternative minimum essential coverage for themselves and their tax family shall receive $350 per month, beginning the first full pay period after sufficient proof is provided.
Sample 1Sample 2
Cash in Lieu of Medical Benefits. In lieu of subscribing to the Board provided health insurance, an employee who works at least thirty (30) hours a week and thirty- eight (38) weeks or more per year may select the cash option equal in dollar amount to the “single” subscriber premium rate of the Select Plan, minus the 4% employee contribution, for 2010-11 only; and in 2011-12 and 2012-13 the Versatile Plan. There will be an 8% cap for increased insurance premiums for those opting for the cash in-lieu of benefits. The cash option will be disbursed over eighteen
Sample 1
Cash in Lieu of Medical Benefits. Effective July 1, 2023, upon providing proof of alternative minimum essential medical coverage for the employee and the employee’s tax family, employees may choose to opt-out of the City’s medical coverage and be provided with a cash payment of three hundred and fifty dollars ($350) per month beginning the first full pay period after sufficient proof is provided. Employees must annually provide proof of alternative minimum essential coverage each plan year, during open enrollment to continue eligibility.
Sample 1
Cash in Lieu of Medical Benefits. In lieu of subscribing to the Board provided medical insurance, an eligible employee may select the cash option equal in dollar amount to 75% of the single subscriber premium rate for the Versatile Plan for 2011-12 and 2012- 13. During the 2011-12 school year, drivers that did not work 30 hours or more in the 2010-11 school year will receive the cash option pro-rated equal to their average hours worked from the previous school year. Beginning with the 2012-13 school year, pro-rated benefits, including cash in lieu, will be eliminated for drivers that did not average 6 hours per day the previous school year.
Sample 1
AutoNDA by SimpleDocs
Cash in Lieu of Medical Benefits. 4.4.7.1 For full-time members the cash in lieu amount is $4,314. The amount is pro-rated for less than full time members based on their FTE.
Sample 1

Related to Cash in Lieu of Medical Benefits

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Supplemental Benefits The employer shall maintain a “Supplemental Unemployment Benefits Plan” pursuant to the Employment Insurance Act and Regulations. The employer shall make amendments as appropriate to ensure that the Plan provides the maximum permissible benefits in conjunction with Article 17.03.

  • Dental Benefits The County offers dental and orthodontic benefits to full and part-time regular employees and their eligible dependent(s). Benefit provisions, co­ payments and deductibles are outlined in the Evidence of Coverage. The employee contribution is $13 per pay period ($28.26 per month). The County shall contribute to part-time eligible employees on a pro-rated basis, in accordance with Section 10.2.6.

  • General Benefits During the Term of Employment, the Executive shall be entitled to participate in such employee pension and welfare benefit plans and programs of the Company as are made available to the Company's senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, health, medical, dental, long-term disability, travel accident and life insurance plans.

  • Public Benefits This Agreement provides assurances that the Public Benefits identified below will be achieved and developed in accordance with the Applicable Rules and Project Approvals and with the terms of this Agreement and subject to the City’s Reserved Powers. The Project will provide Public Benefits to the City, including without limitation:

  • Medical and Dental Benefits If Executive’s employment is subject to a Termination, then to the extent that Executive or any of Executive’s dependents may be covered under the terms of any medical or dental plans of the Company (or an Affiliate) for active employees immediately prior to the Termination Date, then, provided Executive is eligible for and elects coverage under the health care continuation rules of COBRA, the Company shall provide Executive and those dependents with coverage equivalent to the coverage in effect immediately prior to the Termination. For a period of twelve (12) months (18 months for a Termination during a Covered Period), Executive shall be required to pay the same amount as Executive would pay if Executive continued in employment with the Company during such period and thereafter Executive shall be responsible for the full cost of such continued coverage; provided, however, that such coverage shall be provided only to the extent that it does not result in any additional tax or other penalty being imposed on the Company (or an Affiliate) or violate any nondiscrimination requirements then applicable with respect to the applicable plans. The coverages under this Section 4(e) may be procured directly by the Company (or an Affiliate, if appropriate) apart from, and outside of the terms of the respective plans, provided that Executive and Executive’s dependents comply with all of the terms of the substitute medical or dental plans, and provided, further, that the cost to the Company and its Affiliates shall not exceed the cost for continued COBRA coverage under the Company’s (or an Affiliate’s) plans, as set forth in the immediately preceding sentence. In the event Executive or any of Executive’s dependents is or becomes eligible for coverage under the terms of any other medical and/or dental plan of a subsequent employer with plan benefits that are comparable to Company (or Affiliate) plan benefits, the Company’s and its Affiliates’ obligations under this Section 4(e) shall cease with respect to the eligible Executive and/or dependent. Executive and Executive’s dependents must notify the Company of any subsequent employment and provide information regarding medical and/or dental coverage available.

  • Dental Care Benefits (a) The Employer shall provide such regular, full-time seniority employee (and her eligible dependents*) the 100/75/50 Co-pay Dental Plan in effect January 1, 2014 subject to such terms, conditions, exclusions, limitations, deductibles, co-payments and other provisions of the plan. The Employer shall pay 95% of the illustrated premium cost of such benefits and the employee shall pay the balance. Coverage shall commence on the day following the employee's 90th day of continuous employment.

  • Educational Benefits a. A full-time employee may enroll for credit at the University for a maximum of two courses, or six credit hours, whichever is greater, in any one academic term with exemption from the payment of tuition and fees.

Time is Money Join Law Insider Premium to draft better contracts faster.