Common use of Complete Annual Coverage Clause in Contracts

Complete Annual Coverage. The Board shall make payment of insurance premiums to provide insurance coverage for the full twelve (12) month period commencing September 1 and ending August 31 for employees on contract continuing in the employ of the Board following the summer recess. When necessary, payment of premiums on behalf of the employee shall be made retroactively or prospectively to assure uninterrupted participation coverage. E Drop Clause Incentive (Applies to coverage under A and B) An annual cash incentive of $3,000 to an employee married to district employee or covered elsewhere to drop all coverage or an annual cash incentive of $2,400 to an employee married to district employee or covered elsewhere to convert from family to individual coverage. This cash incentive will be paid in a lump sum by the 15th of September of each year of this Agreement. If circumstances change, prorated adjustment of cash incentive will be made for employees who change coverage. Notification to Business Office needs to be given by June 1 of any changes to go into effect the following school year.

Complete Annual Coverage. The Board shall make payment of insurance premiums to provide insurance coverage for the full twelve (12) month period commencing September 1 and ending August 31 for employees on contract continuing in the employ of the Board following the summer recess. When necessary, payment of premiums on behalf of the employee shall be made retroactively or prospectively to assure uninterrupted participation coverage. E Drop Clause Incentive DROP CLAUSE INCENTIVE (Applies to coverage under A and B) An annual cash incentive of $3,000 2,000 to an employee married to district employee or covered elsewhere to drop all coverage or an annual cash incentive of $2,400 1,200 to an employee married to district employee or covered elsewhere to convert from family to individual coverage. This cash incentive will be paid in a lump sum by the 15th of September of each year of this Agreement. If circumstances change, prorated adjustment of cash incentive will be made for employees who change coverage. Notification to Business Office needs to be given by June 1 of any changes to go into effect the following school year.