Insurance Option Package Sample Clauses

Insurance Option Package. Contracted teachers who teach at least half-time or more may elect to take the cash in lieu as described in section G. 4. above, commensurate to the time worked, i.e., 3/5’s equals 60% cash in lieu,3/4’s equals 75% cash in lieu, 4/5’s equals 80% cash in lieu, etc. Employees who choose the insurance option package as described in G. 1-3. above, that are part-time as defined in the Master Agreement will receive those options at a commensurate rate of time worked, i.e., 3/5’s equals 60% benefits, 3/4’ equals 75% benefits, 4/5’s equals 80% benefits, etc.
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Insurance Option Package. Contracted teachers who teach at least-thimalef or more may elect to take the cash in lieu as described in sectioGn . 4. D E R Y H F R P P H Q V X U D W H W R W K H W L P H Z R U in lieu, ¶ V H T X D O V F D¶ V KH TL QX DOOLVH X F D V K L Q O L H X H W F the insurance option package as described in-3G..a1bove, that are pa-tritme as definedni the 0 D V W H U $ J U H H P H Q W Z L O O U H F H L Y H W K R V H R S W L R Q V D W equals 60% benefits, ¶ H T X D O V E¶ VH QHHTIXL DWOVV E H Q H I L W V H W F I. Voluntary par-ttime All new employees hiredto begin work onSeptember 12, 011 and thereaftera, nd are voluntary part-time employee,sthe board will provide amaximum of 50% of the benefit allowable faonr y percentless than fu-lltime. This also pertains to cash in lieu as described above. Example: 80% voluntary pa-tritme employeewould pay: x 100%- (80%[percent worked] X (100%- 20%)[required contribution]=36% of premium Example: 50% voluntary pa-tritme employee would pay: x 100%- (50%[percent worked] X (100%- 20%)[required contribution]=60% of premium
Sample 1

Related to Insurance Option Package

  • Service Options The following features may be included with Customer Service. Description of Service feature herein in no way entitles customer to feature. Features described below may have additional cost associated with them.

  • Coverage Options Eligible employees may select coverage under any one of the dental plans offered by the Employer, including health maintenance organization plans, the State Dental Plan, or other dental plans. Coverage offered through health maintenance organization plans is subject to change during the life of this Agreement upon action of the health maintenance organization and approval of the Employer after consultation with the Joint Labor/Management Committee on Health Plans. However, actuarial reductions in the level of HMO coverages effective during the term of this Agreement, including increases in copayments, require approval of the Joint Labor/Management Committee on Health Plans. Coverage offered through the State Dental Plan is determined by Section 7A2.

  • Life Insurance Upon Retirement 34.1 An employee who retires from the service of the Corporation subsequent to August 1, 2001, will, provided he is 55 years of age or over and has not less than 10 years' cumulative compensated service, be entitled to the sum of $8,000.00, payable to his estate upon his death.

  • Optional Life and Disability Coverages In order for coverage to become effective, the employee must be in active payroll status and not using sick leave on the first day following approval by the insurance company. If it is an open enrollment period, coverage may be applied for but will not become effective until the first day of the employee's return to work.

  • Supplemental Life Insurance In addition to the life insurance benefits provided by this agreement, employees may subscribe voluntarily and at their own expense for supplemental life insurance. Employees may subscribe for an amount not to exceed five hundred thousand dollars ($500,000), of which one hundred thousand ($100,000) is a guaranteed issue, provided the election is made within the required enrollment periods.

  • Exceptions and Extension of Payment Due Date NYSERDA has determined that, notwithstanding the provisions of Sections 504.3 and 504.4 of this Exhibit, any of the following facts or circumstances, which may occur concurrently or consecutively, reasonably justify extension of the Payment Due Date:

  • GREEN OPTION Competitive Supplier hereby agrees that it will incorporate the Green Option program as described in Exhibit A into Supplier’s provision of All Requirements Power Supply under this Agreement and offer such program to interested Eligible Consumers.

  • Coverage Selection Prior to Retirement An employee who retires and is eligible to continue insurance coverage as a retiree may change his/her health or dental plan during the sixty (60) calendar day period immediately preceding the date of retirement. The employee may not add dependent coverage during this period. The change takes effect on the first day of the month following the date of retirement.

  • Our Option If we give you written notice within 30 days after we receive your signed, sworn proof of loss, we may repair or replace any part of the damaged property with material or property of like kind and quality.

  • Optional Group Life Insurance Subject to the provisions of the Plan, eligible employees shall be entitled to purchase optional Group Life Insurance coverage in units of ten thousand dollars ($10,000) up to a maximum of two hundred and fifty thousand dollars ($250,000). The employee shall pay one hundred percent (100%) of the premiums for the optional coverage.

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