Common use of Payment in Lieu of Coverage Clause in Contracts

Payment in Lieu of Coverage. Any active unit member who was eligible, but chooses not to participate in the medical/hospitalization insurance package, who shows proof of insurance from another source, and who signs a waiver from the Employer, shall receive a One Thousand Eight Hundred and No/100 ($1,800.00) Dollars annual contribution, pro rata, to the COUNTY'S qualified deferred compensation plan effective after the contract is executed by all the parties in 2003. An employee who subsequently loses medical/hospitalization coverage from another source shall have the right to obtain medical/hospitalization coverage from the Employer as provided in this Agreement at the earliest date possible after written notice to the Director of Human Resources. Said employee shall be entitled to a prorata contribution to the COUNTY'S qualified deferred compensation plan to date the employee becomes covered by the Employer's medical/hospitalization plan. An employee may waive health insurance only if he/she has health insurance coverage from another source and signs a waiver from the Employer.