Alternative Insurance Coverage Sample Clauses
The Alternative Insurance Coverage clause defines the conditions under which a party may satisfy insurance requirements through means other than the standard or specified policies. This may include self-insurance, coverage through a parent company, or other forms of risk management that meet the contract’s minimum standards. By allowing flexibility in how insurance obligations are met, this clause accommodates parties with unique insurance arrangements while still ensuring that adequate protection is maintained.
Alternative Insurance Coverage. For the 2015/16 school year, upon providing proof of alternative insurance coverage to the District, an employee may elect to decline the District-provided medical, dental and vision insurance plan. Butte Schools Self-Funded Programs requires that an administration fee equal to the premiums of the least expensive health benefits plan available, including premiums, for the dental and vision plans selected by the bargaining unit must be submitted on behalf of the employee. If the administration fee is less than the annual cap, the employee will receive the savings each month. If the administration fee exceeds the annual cap, the employee will pay the additional monthly cost.
Alternative Insurance Coverage. Notwithstanding any other ------------------------------ provision of this Lease to the contrary, if at any time during the Term hereof Tenant is not able to obtain any one or more of the insurance coverages required pursuant to this Article XIII because the subject insurance coverage(s) are not then reasonably available in the insurance marketplace, then Tenant's failure to so obtain such insurance coverage(s) shall not constitute an Event of Default so long as Tenant does obtain coverage as similar to that required under this Lease as is reasonably available. For purposes of this Section 13.9 the term "reasonably available" means that type of coverage then obtainable from reputable insurance companies for properties similar to the Premises and purchased by prudent owners of businesses similar to that operated by Tenant at the Premises.
Alternative Insurance Coverage. The Township may choose to offer monetary allowances to be paid to any willing Employee in lieu of direct Township payment of insurance expenses. Employees may elect to enroll in the Township’s group plan for hospitalization and medical insurance, if the Township offers monetary compensation in lieu of Township payment of insurance expenses, it will be the same as it is for all other Township employees.
Alternative Insurance Coverage a. The Board recognizes that certain employees already have medical insurance coverage or have reasonable and affordable access to medical insurance coverage through a spouse, partner, or another employer.
b. When a bargaining unit employee that is eligible for district-subsidized health medical insurance has obtained medical insurance and can provide the district of satisfactory evidence of the same, the Board will provide a monthly payment of $150 for single/$300 for family to or through the employee’s Section 125 plan account for each month the employee is employed by the district.
c. In the event that the employee does not maintain medical insurance coverage, the employee must notify the district of a valid qualifying event to resume coverage. If the employee does not maintain uninterrupted continuous medical insurance coverage, the employee assumes the full financial responsibility of any and all monthly penalties incurred by the district. Furthermore, the employee must reimburse the district on a pro-rated basis for the Section 125 plan account payment for the period of time the employee did not maintain medical insurance coverage.
d. The Board and bargaining unit recognize that this provision may require further revision and clarification for legal compliance with Federal law. In the event that this provision requires modification, The Board shall make diligent efforts to fulfill the intent of this provision within the constraints of law in cooperation with the bargaining unit.
e. Any employee choosing to receive a stipend to opt out of the Board provided health insurance yet wishes to continue receiving dental or vision insurance shall be responsible for paying 11% of the individual or family premium cost for said insurance and the Board shall pay 89% of the premium.
Alternative Insurance Coverage. In the event that the Vanliner Companies reject a policy application from a Van Lines Agent or Independent Owner-Operator with respect to the U.S. M&S Business, National Interstate shall, or shall cause the Vanliner Companies to, use commercially reasonable efforts to assist such Van Lines Agent or Independent Owner-Operator in obtaining alternative insurance coverages.
Alternative Insurance Coverage. The ▇▇▇▇▇▇ Company may elect to ------------------------------ maintain, in place of the insurance cover referred to in Section 20.1, combined insurance cover for all or part of the ▇▇▇▇▇▇ business following the Closing, provided the ▇▇▇▇▇▇ Company has demonstrated to the reasonable satisfaction of the Authorized Partners that:
(a) the terms of such cover are reasonable;
(b) such cover fulfils the obligations of the Continuing Partners under clause 9 of the Demerger and Business Transfer Agreement; and
(c) such cover does not expose the Continuing Partners to any greater risk than the cover referred to in Section 20.1 above.
Alternative Insurance Coverage. In the event that the precise insurance coverage denominated in this Article 14 ceases to be commercially available during the term of this Agreement, Dock Manager shall purchase and maintain alternative insurance coverage as similar as possible to those so denominated and shall consult with and obtain the concurrence of the Port, which concurrence shall not be unreasonably withheld, before choosing such alternative.
Alternative Insurance Coverage. Notwithstanding any other provisions of this Lease to the contrary, if at any time during the Term hereof Tenant is not able to obtain any one or more of the insurance coverages required pursuant to this Article 13 because the subject insurance coverage(s) are not then reasonably available in the insurance marketplace, then, Tenant's failure to so obtain such insurance coverage(s) shall not constitute an Event of Default so long as Tenant does obtain coverage as similar to that required under this Lease as is reasonably available. For purposes of this Section 13.09 the term "