Common use of Compensation and Fringe Benefits Clause in Contracts

Compensation and Fringe Benefits. A. GROUP TERM LIFE INSURANCE. Each teacher will have a $50,000 ($100,000 accidental death) life insurance policy paid by the Corporation, except for $0.24 (twenty- four cents) paid annually by the teacher. The $0.24 (twenty-four cents) will be payroll deducted from the first paycheck in January and is non-refundable.

Compensation and Fringe Benefits. A. GROUP TERM LIFE INSURANCE. Each teacher will have a $50,000 ($100,000 accidental death) life insurance policy paid by the Corporation, except for $0.24 two (twenty- four cents2) cents per month paid annually by the teacher. The $0.24 (twenty-four cents) will be payroll deducted from the first paycheck in January and is non-refundable.