Common use of Payment in Lieu of Insurance Coverage Clause in Contracts

Payment in Lieu of Insurance Coverage. The City will pay to eligible Employees, under the condi- tions herein set forth, an annual amount in lieu of insurance coverage. The first payment, to be made on or before December 15, shall be for the twelve (12) billing periods immediately prior to December 1. The payment shall be made as an adjustment to a regular pay check, and only those Employees who are entitled to a regular pay check the first pay day in December shall be entitled to the payment in lieu of insurance coverage. An Employee shall be entitled to a regular pay check if the Employee has not quit, resigned or been discharged on the date the check is paid (i.e., the date shown on the check). For example, an Employee who is on approved leave of absence, suspension, layoff or WO will be determined to be "on the payroll" for the purpose of payment in lieu of insurance coverage. If an otherwise eligi- ble Employee is not at work on the date the check is paid, the check shall be sent to the Employee's last-known address. If the check is returned to the City, the Employee must claim the check from the City within sixty (60) days or the check shall be voided, and the Employee shall forfeit any right to payment in lieu of insurance coverage for that period. In case of Employees who retire, the Employee will be sent his check, provided such amount shall not be computed in the Employee's final average pay. Any Employee who is eligible for hospitalization insurance, at City expense, pursuant to the Article entitled "Hospitaliza- tion Insurance", but who elects not to be covered by said insurance, shall be entitled to a payment of $20.00 per billing period for any billing period during which hospitalization insurance was not provided for said Employee at City expense. Any Employee who is eligible for dental insurance, at City expense, pursuant to the Article entitled "Dental Insurance", but who elects not to be covered by said insurance, shall be entitled to a payment of $5.00 per billing period for any billing period during which dental insurance was not provided for said Employee at City expense.

Payment in Lieu of Insurance Coverage. The City will pay to eligible Employees, under the condi- tions herein set forth, an annual amount in lieu of insurance coverage. The first payment, to be made on or before December 15, All payments shall be for the twelve (12) billing periods (January through December) of each year and shall be paid immediately prior to December 1. The payment shall be made as an adjustment to a regular pay check, and only those Employees who are entitled to a regular pay check the first pay day in December shall be entitled to the payment in lieu of insurance coverage. An Employee For the purpose of this Article only, Employees shall be determined to be "entitled to a regular pay check paycheck" if the Employee has not quit, resigned or been discharged on the date the check is paid (paid, i.e., the date shown on the check). (For example, an Employee who is on approved leave of absence, suspension, layoff or WO will be determined to be as being "on the payroll" for the purpose of payment in lieu of insurance coverage. .) If an otherwise eligi- ble eligible Employee is not at work on the date the check is paid, the check shall be sent to the Employee's last-last known address. If the check is returned to the City, the Employee must claim the check from the City within sixty (60) days or the check shall will be voided, and the Employee shall forfeit any right to a payment in lieu of insurance coverage for that period. In case of Employees who retire, the Employee will be sent his check, provided such amount shall not be computed in the Employee's final average pay. Any Employee who is eligible for hospitalization insurance, at City expense, pursuant to the Article entitled "Hospitaliza- tion Hospitalization Insurance", but who elects not to be covered by said insurance, shall be entitled to a payment of $20.00 100.00 per billing period for any billing period during which hospitalization insurance was not provided for said Employee at City expense. Any Employee who is eligible for dental insurance, at City expense, pursuant to the Article entitled "Dental Insurance", but who elects not to be covered by said insurance, shall be entitled to a payment of $5.00 per billing period for any billing period during which dental insurance was not provided for said Employee at City expense.