Common use of Payment of Premium Clause in Contracts

Payment of Premium. For the 2019-2020 school year, the Board shall pay 100% of the total premium cost for full- time Professional Employees and 80% of dependent coverage for Professional Employees for the District Basic Plan. All Professional Employees will be covered on the District Basic Plan. An optional plan will be made available to employees for the 2019-2020 school year, and all costs in excess of the Basic Plan shall be at employees’ personal expense. In the event a Professional Employee terminates employment for reasons other than illness prior to June, the employee's subsidy shall terminate on the first day of the month following termination.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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Payment of Premium. For the 20192016-2020 2017 school year, the Board shall pay 100% of the total premium cost for full- time Professional Employees and 80% of dependent coverage for Professional Employees for the District Basic Plan. All Professional Employees will be covered on the District Basic Plan. An optional plan will be made available to employees for the 20192016-2020 2017 school year, and all costs in excess of the Basic Plan shall be at employees’ personal expense. In the event a Professional Employee terminates employment for reasons other than illness prior to June, the employee's subsidy shall terminate on the first day of the month following termination.

Appears in 1 contract

Samples: Agreement

Payment of Premium. For the 20192021-2020 2022 school year, the Board shall pay 100% of the total premium cost for full- time Professional Employees and 80% of dependent coverage for Professional Employees for the District Basic Plan. All Professional Employees will be covered on the District Basic Plan. An optional plan will be made available to employees for the 20192021-2020 2022 school year, and all costs in excess of the Basic Plan shall be at employees’ personal expense. In the event a Professional Employee terminates employment for reasons other than illness prior to June, the employee's subsidy shall terminate on the first day of the month following termination.

Appears in 1 contract

Samples: Agreement

Payment of Premium. For the 20192020-2020 2021 school year, the Board shall pay 100% of the total premium cost for full- time Professional Employees and 80% of dependent coverage for Professional Employees for the District Basic Plan. All Professional Employees will be covered on the District Basic Plan. An optional plan will be made available to employees for the 20192020-2020 2021 school year, and all costs in excess of the Basic Plan shall be at employees’ personal expense. In the event a Professional Employee terminates employment for reasons other than illness prior to June, the employee's subsidy shall terminate on the first day of the month following termination.

Appears in 1 contract

Samples: Agreement

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Payment of Premium. For the 20192017-2020 2018 school year, the Board shall pay 100% of the total premium cost for full- time Professional Employees and 80% of dependent coverage for Professional Employees for the District Basic Plan. All Professional Employees will be covered on the District Basic Plan. An optional plan will be made available to employees for the 20192017-2020 2018 school year, and all costs in excess of the Basic Plan shall be at employees’ personal expense. In the event a Professional Employee terminates employment for reasons other than illness prior to June, the employee's subsidy shall terminate on the first day of the month following termination.

Appears in 1 contract

Samples: Agreement

Payment of Premium. For the 20192018-2020 2019 school year, the Board shall pay 100% of the total premium cost for full- time Professional Employees and 80% of dependent coverage for Professional Employees for the District Basic Plan. All Professional Employees will be covered on the District Basic Plan. An optional plan will be made available to employees for the 20192018-2020 2019 school year, and all costs in excess of the Basic Plan shall be at employees’ personal expense. In the event a Professional Employee terminates employment for reasons other than illness prior to June, the employee's subsidy shall terminate on the first day of the month following termination.

Appears in 1 contract

Samples: Agreement

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