Additional Disability Benefits Clause Samples
Additional Disability Benefits. If MEI is required to pay Executive severance by the express terms of Section 7(d), then:
(1) Executive, Executive’s spouse, and Executive’s dependents will continue to be eligible for coverage under MEI’s group health plan or any successor plan on the same basis as active executive employees of MEI, their spouses, and their dependents for the duration of the Severance Period. Executive shall reimburse MEI for Executive’s portion of the premium on a monthly basis. If and when group health coverage under another employer’s plan is made available to Executive, Executive’s spouse, or Executive’s dependents, MEI’s obligations under this paragraph will cease with respect to each person to whom such coverage is made available, notwithstanding that such person may not in fact become covered under such other employer’s plan.
(2) Executive shall become 50% vested in all of the rights and interests granted to Executive under MEI’s stock and other equity plans, including without limitation any stock options, restricted stock, restricted stock units, performance units, and/or performance shares to the extent Executive is less than 50% vested in such award as of the Termination Date.
(3) Payments under this Section 7(e) shall be in lieu of any severance benefits otherwise due to Executive under any severance pay plan or program maintained by MEI that covers its employees or executives generally.
Additional Disability Benefits. In addition to the eligibility to receive disability benefits in accordance with the Rules and Regulations of the Fire Pension Fund, employees shall be eligible for the following additional health insurance coverage benefits:
(a) On-the-Job Disability: Any employee having successfully completed his probationary period and who is receiving a disability pension payment from an on-the-job injury shall continue to receive the same health insurance coverage for themselves and their legitimate dependents, providing the employee pays all premiums for dependent coverage. Upon retirement he shall receive health insurance benefits in accordance with the provisions of Section 9.1(a). Any employee who suffers a catastrophic injury or is killed in the line of duty shall receive health insurance coverage in accordance with the Illinois Compiled Statutes 820 ICLS 320/1 et seq.
(b) Off-the Job Disability: Any employee who is receiving a disability pension for an off-the-job disability shall be eligible to receive health insurance benefits providing the employee pays all insurance premiums. Upon retirement he shall receive health insurance benefits in accordance with the provisions of Section 9.1(a).