Common use of Premium in Lieu of Benefits Clause in Contracts

Premium in Lieu of Benefits. Benefit eligible (.4+FTE) nurses may elect to receive a premium of fifteen percent (15%) added to the nurse's base rate according to the longevity schedule in lieu of eligible benefits (except for shift differential, call back pay, standby pay, premium pay for work performed on contractually designated holidays). The time frame for this election will comply with benefit requirements at hire, with a change in benefit eligible status, or annually on dates designated by the Employer; provided, the nurse presents the Employer with written evidence that the employee is covered by health insurance elsewhere; and further provided the application for enrollment is approved by the insurance carrier. After the decision to receive either wages plus benefits or wages plus premium pay in lieu of benefits has been made by the nurse, no change in that compensation status will be allowed except as provided herein. A nurse electing the wage premium in lieu of benefits will be granted time off without pay in accordance with the Hospital's vacation scheduling policies, and the nurse may request unpaid time off for educational and professional meetings. Nurses electing this pay premium are entitled to receive the equivalent amount of time off each year as employees participating in benefits.

Premium in Lieu of Benefits. Benefit eligible (.4+FTE) nurses may elect to receive a premium of fifteen percent (15%) added to the nurse's base rate according to the longevity schedule in lieu of eligible benefits (except for shift differential, call back pay, standby pay, premium pay for work performed on contractually designated holidays). The time frame for this election will comply with benefit requirements at hire, with a change in benefit eligible status, or annually on dates designated by the Employer; provided, the nurse presents the Employer with written evidence that the employee is covered by health insurance elsewhere; and further provided the application for enrollment is approved by the insurance carrier. After the decision to receive either wages plus benefits or wages plus premium pay in lieu of benefits has been made by the nurse, no change in that compensation status will be allowed except as provided herein. A nurse electing the wage premium in lieu of benefits will be granted time off without pay in accordance with the Hospital's vacation scheduling policies, and the nurse may request unpaid time off for educational and professional meetings. Nurses Nmses electing this pay premium are entitled to receive the equivalent amount of time off each year as employees participating in benefits.

Premium in Lieu of Benefits. Benefit eligible (.4+FTE0.4+ FTE) nurses may elect to receive a premium of fifteen percent (15%) added to the nurse's base rate according to the longevity schedule in lieu of eligible benefits (except for shift differential, call back pay, standby pay, premium pay for work performed on contractually designated holidays). The time frame for this election will comply with benefit requirements at hire, with a change in benefit eligible status, or annually on dates designated by the Employer; provided, the nurse presents the Employer with written evidence that the employee is covered by health insurance elsewhere; and further provided the application for enrollment is approved by the insurance carrier. After the decision to receive either wages plus benefits or wages plus premium pay in lieu of benefits has been made by the nurse, no change in that compensation status will be allowed except as provided herein. A nurse electing the wage premium in lieu of benefits will be granted time off without pay in accordance with the Hospital's vacation scheduling policies, and the nurse may request unpaid time off for educational and professional meetings. Nurses electing this pay premium are entitled to receive the equivalent amount of time off each year as employees participating in benefits.