Employee Insurance Waiver (Opt Out Sample Clauses

Employee Insurance Waiver (Opt Out. A fulltime Township employee eligible for health insurance may elect to waive (opt out) of this benefit if the employee’s spouse has health insurance and prescription insurance available through the spouse’s employer and the employee provides proof of such coverage. The Township employee would be eligible to receive a payment equal to 25% of the monthly premium charged by the insurance company for medical insurance levels for which the employee would qualify, if the employees elected coverage under the Township health insurance. The employee must also complete a Verification of Alternate Medical and Prescription Coverage Form annually. The employee must provide proof of the spouse’s medical insurance by the 1st of each month. Monthly proof of insurance may be provided by evidence of a current payroll stub showing the deduction for the premium for health insurance or a verification from the spouse’s employer on letterhead. Either form of proof must be provided to the Fiscal Office by the 1st of each month. An employee may be reinstated to coverage under the Township insurance only through an IRS qualifying event or during the annual open enrollment period. Any HRA or HSA monies will be pro-rated for deposit into said account. Only in the event of re-enrolling in the Township insurance plan during the funding year related to the bio-metric screening, would the employee/spouse be entitled to any wellness incentive. Employees electing a waiver are still entitled to select dental and/or vision coverage with the Township. An employee percentage (%) premium will be deducted from the employee’s paycheck (providing current employees are required to pay a contribution to this coverage). Employees selecting the waiver will receive their taxable incentive in the 2nd full pay period of each month.
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Employee Insurance Waiver (Opt Out. A fulltime Township employee eligible for health insurance may elect to waive (opt-out) of this benefit if the employee’s spouse has health insurance and prescription insurance available through the spouse’s employer and the employee provides proof of such coverage. The employee must also complete a Verification of Alternate Medical and Prescription Coverage Form annually. The employee must provide proof of the medical insurance by the 1st of each month. Monthly proof of insurance may be provided by evidence of a current payroll stub showing the deduction for the premium for health insurance or a verification from the other employer on letterhead. Either form of proof must be provided to the Fiscal Office by the 1st of each month. An employee may be reinstated to coverage under the Township insurance only through an IRS qualifying event or during the annual open enrollment period. Any HRA or HSA monies will be pro-rated for deposit into said account. Only in the event of re-enrolling in the Township insurance plan during the funding year related to the bio-metric screening, would the employee/spouse be entitled to any wellness incentive. Employees electing a waiver are still entitled to select dental and/or vision coverage with the Township. An employee percentage (%) premium will be deducted from the employee’s paycheck (providing current employees are required to pay a contribution to this coverage).
Sample 1

Related to Employee Insurance Waiver (Opt Out

  • Insurance Waiver Any of the terms or conditions of this Article 10 may be waived by the City’s Risk Manager in writing, signed by the Risk Manager, and attached to this Agreement as Appendix F. Such waiver is fully incorporated herein. The waiver shall waive only the requirements that are expressly identified and waived, and under such terms and conditions as stated in the waiver.

  • Employee Insurance The County will provide the following insurance contributions on the 1st of the month following 30 (thirty) days of employment to provisional, probationary and permanent employees who elect insurance coverage: (All contributions shown for medical and dental are monthly and based on full-time employment.)

  • Industrial Insurance Waiver With respect to the performance of this Agreement and as to claims against the County, its appointed and elected officers, agents and employees, the Contractor expressly waives its immunity under Title 51 of the Revised Code of Washington, the Industrial Insurance Act, as now or hereafter amended, for injuries to its employees and agrees that the obligations to indemnify, defend and hold harmless provided in this Agreement extend to any claim brought by or on behalf of any employee of the Contractor. Along with the other provisions of this Agreement, this waiver is mutually negotiated by the parties to this Agreement.

  • Waiver of Subrogation Rights (15) Neither the Lessor nor the Lessee shall be liable to the other for loss arising out of damage to or destruction of the Premises, or the building or improvement of which the Premises are a part or with which they are connected, or the contents of any thereof, when such loss is caused by any of the perils which are or could be included within or insured against by a standard form of fire insurance with extended coverage, including sprinkler leakage insurance, if any. All such claims for any and all loss, however caused, hereby are waived. Such absence of liability shall exist whether or not the damage or destruction is caused by the negligence of either Lessor or Lessee or by any of their respective agents, servants or employees. It is the intention and agreement of the Lessor and the Lessee that the rentals reserved by this lease have been fixed in contemplation that both parties shall fully provide their own insurance protection at their own expense, and that both parties shall look to their respective insurance carriers for reimbursement of any such loss, and further, that the insurance carriers involved shall not be entitled to subrogation under any circumstances against any party to this lease. Neither the Lessor nor the Lessee shall have any interest or claim in the other’s insurance policy or policies, or the proceeds thereof, unless specifically covered therein as a joint insured.

  • Retiree Insurance 12.1 Employees who retire must meet the following conditions at the time of retirement in order to be eligible for the Employer contributions, listed in Sections 12.2 through 12.5 below, toward a health insurance plan offered by the Employer:

  • Insurance Provisions Prior to the provision of services under this Contract, the Contractor agrees to purchase all required insurance at Contractor’s expense, including all endorsements required herein, necessary to satisfy the County that the insurance provisions of this Contract have been complied with. Contractor agrees to keep such insurance coverage, Certificates of Insurance, and endorsements on deposit with the County during the entire term of this Contract. In addition, all subcontractors performing work on behalf of Contractor pursuant to this Contract shall obtain insurance subject to the same terms and conditions as set forth herein for Contractor. Contractor shall ensure that all subcontractors performing work on behalf of Contractor pursuant to this Contract shall be covered under Contractor’s insurance as an Additional Insured or maintain insurance subject to the same terms and conditions as set forth herein for Contractor. Contractor shall not allow subcontractors to work if subcontractors have less than the level of coverage required by County from Contractor under this Contract. It is the obligation of Contractor to provide notice of the insurance requirements to every subcontractor and to receive proof of insurance prior to allowing any subcontractor to begin work. Such proof of insurance must be maintained by Contractor through the entirety of this Contract for inspection by County representative(s) at any reasonable time. All self-insured retentions (SIRs) and deductibles shall be clearly stated on the Certificate of Insurance. If no SIRs or deductibles apply, indicate this on the Certificate of Insurance with a zero (0) by the appropriate line of coverage. Any self-insured retention (SIR) or deductible in an amount in excess of $25,000 ($5,000 for automobile liability), which shall specifically be approved by the County Executive Office (CEO)/Office of Risk Management upon review of Contractor’s current audited financial report. If the Contractor fails to maintain insurance acceptable to the County for the full term of this Contract, the County may terminate this Contract.

  • Other Insurance Provisions The policies are to contain, or be endorsed to contain, the following provisions:

  • Waiver of Subrogation Endorsement Contractor and its insurer agree to waive their rights of subrogation for any payments made under this coverage. A policy endorsement at least as broad as the unmodified NCCI Waiver of Our Right to Recover From Others endorsement WC 00 03 13 04/84 or a substitute form providing equivalent coverage is required waiving the insurer’s right to recover payments from the City. OTHER INSURANCE COVERAGES (IF APPLICABLE)

  • Additional Insurance Provisions (A) The foregoing requirements as to the types and limits of insurance coverage to be maintained by Consultant, and any approval of said insurance by the City, is not intended to and shall not in any manner limit or qualify the liabilities and obligations otherwise assumed by the Consultant pursuant to this Agreement, including but not limited to, the provisions concerning indemnification.

  • Insurance Settlements; Assignment of Proceeds If Xxxxxxxx abandons the Property, Lender may file, negotiate, and settle any available insurance claim and related matters. If Xxxxxxxx does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Xxxxxx may negotiate and settle the claim. The 30-day period will begin when the notice is given. In either event, or if Lender acquires the Property under Section 26 or otherwise, Borrower is unconditionally assigning to Lender (i) Borrower’s rights to any insurance proceeds in an amount not to exceed the amounts unpaid under the Note and this Security Instrument, and (ii) any other of Borrower’s rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, to the extent that such rights are applicable to the coverage of the Property. If Lender files, negotiates, or settles a claim, Xxxxxxxx agrees that any insurance proceeds may be made payable directly to Lender without the need to include Borrower as an additional loss payee. Lender may use the insurance proceeds either to repair or restore the Property (as provided in Section 5(d)) or to pay amounts unpaid under the Note or this Security Instrument, whether or not then due.

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