Additional Insurance Benefits. Effective July 8, 1996, City shall remit to the Reno Police Supervisory/ Administrative Employees Association (RPSAE) a total amount of $55,000 which is equal to the 1995/96 total cost of a 1.11% base wage increase for the three units represented by RPSAE as computed on January 22, 1995. Said total amount shall be paid to the Association in twenty-six equal installments coinciding with each payroll period. This amount shall be adjusted to reflect increases or decreases in total authorized positions to the extent that carry-over costs of the equivalent 1.11% base wage increase for the units would have been affected by the total number of authorized positions. In addition, the total annual amount shall be adjusted annually beginning July 1, 1997, by the same percentage as any across-the-board base wage increases and/or the equivalent base wage percentage of any benefit increases (including PERS) in lieu of a base wage increase that may be negotiated. The Association shall utilize these funds to provide benefits for eligible employees as determined by the RPSAE.
Additional Insurance Benefits. If, pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), Executive elects timely continuation coverage for the Executive and/or any or all dependents of the Executive under the Company’s medical or dental plans as in effect immediately prior to the date of a Termination Upon Change of Control, then for a period of up to eighteen (18) months following such a Termination Upon Change of Control the Executive shall receive a monthly payment from the Company equal to the premium(s) for the coverage elected under COBRA for the Executive and such dependents. The Company’s obligation under this Section 2.4 shall terminate upon the insured (e.g., the Executive or a dependent) accepting insurance coverage of that type under another group health plan. For purposes of this COBRA coverage, the date of the “qualifying event” for the Executive and any dependents shall be the date of a Termination Upon Change of Control.
Additional Insurance Benefits. Section 1: The City agrees to provide the additional insurance benefits listed below for each covered member at no cost to that member: Long Term Disability Insurance coverage, shall be administered solely by the Union. The City shall reimburse the Union directly for the cost of that plan on a quarterly basis; Catastrophic Major Medical coverage shall be administered solely by the Union. The City shall reimburse the Union directly for the cost of that plan on a quarterly basis.
Additional Insurance Benefits. If the Executive elects coverage under the Consolidated Budget Reconciliation Act of 1985 ("COBRA"), the Executive shall receive at the Company's expense continued provision of the Company's health related and other standard employee insurance coverages as in effect immediately prior to the Executive's Termination Upon Change of Control for a period of eighteen (18) months following such Termination Upon Change of Control. The date of the "qualifying event" for the Executive and any dependents shall be the date of his Termination Upon Change of Control. FEDERAL EXCISE TAX UNDER SECTION 280G
Additional Insurance Benefits. In addition to the insurance coverage provided for in this agreement, the Employer shall make available to the members of this bargaining unit, the following additional insurance coverage:
Additional Insurance Benefits. Upon mutual agreement between the Bargaining Unit Member and the Village, and in accordance with the terms and conditions of the insurance policy, the Village will continue health insurance coverage during any unpaid leave of absence in excess of thirty (30) days at the police officer’s expense. COBRA continuation rights may apply in the event coverage is not extended through the Village. Upon a Bargaining Unit Member’s separation from Village employment, at the police officer’s option and expense, the police officer may elect to continue Village Health Insurance benefits to the extent provided under COBRA.
Additional Insurance Benefits. In the event of the Executive’s Termination Upon Change of Control, the Executive shall be entitled to the benefits described in this Section 2.4.
