Common use of Premium Payment Option Clause in Contracts

Premium Payment Option. Effective July 1, 1981, if a Faculty Member so chooses, payment will be made for monthly premiums for health or life insurance or both in lieu of cash payment in accordance with Chapter 79.23 of the Code of Iowa (1979) as amended by Chapter 2.42 of the Iowa Acts (1979) as in effect as of February 27, 1981, so that the coverage provided is continuous.

Appears in 6 contracts

Samples: Memorandum of Agreement, A Master Agreement, A Master Agreement

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