Common use of Compensation in Lieu of Dependent Insurance Benefits Clause in Contracts

Compensation in Lieu of Dependent Insurance Benefits. The District will pay $420 at the end of each full year of completed service to each full-time, regular classified employee scheduled to work 20 hours or more per week for 10 months or more per fiscal year who does not elect dependent medical, dental and vision insurance coverage for such year. The employee may, pursuant to Internal Revenue Code regulations, use this sum for a tax sheltered annuity contribution.

Compensation in Lieu of Dependent Insurance Benefits. ‌ The District will pay $420 at the end of each full year of completed service to each full-time, regular classified employee scheduled to work 20 hours or more per week for 10 months or more per fiscal year who does not elect dependent medical, dental and vision insurance coverage for such year. The employee may, pursuant to Internal Revenue Code regulations, use this sum for a tax sheltered annuity contribution.

Compensation in Lieu of Dependent Insurance Benefits. ‌ The District will pay $420 at the end of each full year of completed service to each full-time, regular classified employee time Officer scheduled to work 20 hours or more per week for 10 months or more per fiscal year who does not elect dependent medical, dental and vision insurance coverage for such a year. The employee Officer may, pursuant to Internal Revenue Code regulations, use this sum for a tax sheltered annuity contribution.

Compensation in Lieu of Dependent Insurance Benefits. ‌ The District will pay $420 at the end of each full year of completed service to each full-full- time, regular classified employee scheduled to work 20 hours or more per week for 10 months or more per fiscal year who does not elect dependent medical, dental and vision insurance coverage for such year. The employee may, pursuant to Internal Revenue Code regulations, use this sum for a tax tax-sheltered annuity contribution.

Compensation in Lieu of Dependent Insurance Benefits. The District will pay $420 at the end of each full year of completed service to each full-time, regular classified employee time Officer scheduled to work 20 hours or more per week for 10 months or more per fiscal year who does not elect dependent medical, dental and vision insurance coverage for such a year. The employee Officer may, pursuant to Internal Revenue Code regulations, use this sum for a tax sheltered annuity contribution.

Compensation in Lieu of Dependent Insurance Benefits. The District will pay $420 at the end of each full year of completed service to each full-time, regular classified employee scheduled to work 20 hours or more per week for 10 months or more per fiscal year who does not elect dependent medical, dental and vision insurance coverage for such year. The employee may, pursuant to Internal Revenue Code regulations, use this sum for a tax sheltered annuity contribution. ARTICLE 7 Employment Status Section 1.