Benefit and Insurance Plan Sample Clauses

Benefit and Insurance Plan. The Company agrees to maintain the level of, and the ratio of Company/employee contribution to the various benefit and insurance plans including Life, Accidental Death & Dismemberment, Short & Long Term Disability, Extended Health & Dental, except as may be mutually agreed to between the Company and the National Union. The Company further agrees to provide a summary of benefit and insurance plans to all employees and the National Union, and will provide complete master policies to the National Union. To be eligible, an employee must have completed 4 months of employment and have worked a minimum of 320 hours for 8 complete pay periods during the 4 months preceding one of the following periods of reference: (March, April, May, June) Benefits covered for ( Aug., Sept., Oct., Nov.) (July, August, September, October) Benefits covered for ( Dec., Jan., Feb., Mar.) (Nov, Dec, January, February) Benefits covered for (Apr., May, June, Jul.) Benefit coverage shall be continuous provided an employee meets the requirements mentioned above. For the purposes of calculating an employee’s eligibility for Group Insurance, the Company will exclude periods during which employees are in lay-off status for a maximum of four consecutive months of lay-off.
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Benefit and Insurance Plan. The Company agrees to maintain the level of, and the ratio of Company/employee contribution to the various benefit and insurance plans including Life, Accidental Death & Dismemberment, short & Long Term Disability, Extended health & Dental, except as may be mutually agreed to between the Company and the Union. The Company further agrees to provide a summary of benefit and insurance plans to all employees and the Union. To be eligible, an employee must have completed 4 months of employment and have worked a minimum of 320 hours for 8 complete pay periods during the 4 months preceding one of the following periods of reference: (March, April, May, June) Benefits covered for August, Sept., Oct., Nov. (July, August, September, October) Benefits covered for Dec., Jan., Feb., Mar. (Nov., Dec., January, February) Benefits covered for Apr., May, June, July Benefit coverage shall be continuous provided an employee meets the requirements mentioned above. Premium Split - If the employee has chosen the core option coverage, the insurance premium is 100% employer paid for the employee. For the employee’s dependent it is 50% employer paid; - If the employee has chosen the coverage option 1 or 2 the insurance premium is 100% employee paid. There shall be a cap of one hundred and fifty dollars ($150.00) per month that an employee shall contribute as a premium for family coverage. The Company shall reimburse any employee for any premium that an employee has paid in excess of the one hundred and fifty dollars ($150.00). This payment will be made at the end of each year. The Company accepts the latest union proposal to maintain the current benefit plan and proposes to introduce a letter of understanding advising that both parties will meet following the ratification to discuss the benefits coverage.
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Benefit and Insurance Plan. The Company agrees to maintain the level of, and the ratio of contribution to the various benefit and insurance plans including Life, Accidental Death Dismemberment, short Long Term Disability, Extended health Dental, except as may be mutually agreed to between the Company and the Union. The Company agrees to provide a summary of benefit and insurance plans to all employees and the Union. To be eligible, an employee must have completed months of employment and have worked a minimum of hours for complete pay periods during the preceding one of the following periods of reference: (March, April, May, June) Benefits covered for August, Sept., Oct., Nov. (July, August, September, October) Benefits covered for Dec., Jan., Feb., Mar. (Nov., Dec., January, February) Benefits covered for Apr., May, June, July Benefit coverage shall be continuous provided an employee meets the requirements mentioned above. Premium Split If the employee has chosen the core option coverage, the insurance premium is employer paid for the employee. For the employee’s dependant it is employer paid; If the employee has chose the coverage option or the insurance premium is employee paid.
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Benefit and Insurance Plan a. The Company will implement a group insurance benefit plan in accordance with Schedule “B”. This benefit plan will be subject to all applicable terms and provisions set out in the contract of insurance. b. After completion of twelve (12) months of service, employees must be actively working for at least thirty (30) hours per week to be eligible for benefits. Required minimum hours will be calculated on an annual basis. c. All employees who are currently insured at the date of ratification will continue to be eligible to participate in this benefit plan. d. Termination of coverage - Benefit coverage will cease on the effective day of employment termination
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Benefit and Insurance Plan a. The Company will implement a group insurance benefit plan in accordance with Appendix 2. This benefit plan will be subject to all applicable terms and provisions set out in the contract of insurance.
Sample 1
Benefit and Insurance Plan a. The Company will implement a group insurance benefit plan in accordance with Appendix 2. This benefit plan will be subject to all applicable terms and provisions set out in the contract of insurance. b. Termination of coverage - Benefit coverage will cease on the effective day of employment termination
Sample 1

Related to Benefit and Insurance Plan

  • Insurance Plans The Executive is eligible to participate in the life, health, dental, short and long-term disability plans made available to the employees of the Company pursuant to the terms and conditions of such plans.

  • Insurance Plan 19.01 The Employer agrees to contribute the indicated percentage of the premium cost of the following group plans for full-time employees (and their families where applicable) who have completed their probationary period.

  • Group Insurance Plan The carriers, coverage, and terms and conditions of participation under the District’s Group Insurance Plan are subject to change in accordance with the applicable provisions of Title I, Division 4, Chapter 10 of the California Government Code (Section 3500 et seq.) (Xxxxxx‐Milias‐Xxxxx Act). a. The District contracts with CalPERS for health plan coverage for all regular and newly hired employees (eligibility to be defined by the “CalPERS health plan”). Booklets on the insurance plans will be available to all participants. b. Employees may choose from the available plans offered by CalPERS. Additional premiums will be borne by the employee through payroll deductions and paid to CalPERS by the District each month; and the additional cost for monthly premiums will be deducted evenly from the first and second payroll period of each month. To the extent allowed by law, the District will attempt to deduct the employee’s premium contribution from pre‐tax dollars.

  • Benefits and Insurance The Executive shall, in accordance with Company policy and the terms of the applicable plan documents, be eligible to participate in benefits under any benefit plan or arrangement that may be in effect from time to time and made available to similarly situated Company executives (including, but not limited to, being named as an officer for purposes of the Company’s Directors & Officers insurance policy). The Company reserves the right in its sole discretion to modify, add or eliminate benefits at any time. All benefits shall be subject to the terms and conditions of the applicable plan documents, which may be amended or terminated at any time. The Executive shall be entitled to vacation each year, in addition to sick leave and observed holidays in accordance with the policies and practices of the Company. Vacation may be taken at such times and intervals as the Executive shall determine, subject to the business needs of the Company.

  • HEALTH AND INSURANCE BENEFITS 22.01 All health and insurance benefit premium costs paid by the Employer shall prorate in accordance with the proration formula under Article 22.12 of this Agreement. Same sex spouse is eligible to be a dependent for insured benefits.

  • Benefits Plans During the Employment Period, You will be eligible to participate in all benefit plans in effect for executives and employees of the Company, subject to the terms and conditions of such plans.

  • Group Life Insurance Plan Eligibility

  • Health & Welfare Benefits Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

  • Standard Hazard Insurance and Flood Insurance Policies (a) For each Loan, the Master Servicer shall enforce any obligation of the Servicers under the related Servicing Agreements to maintain or cause to be maintained standard fire and casualty insurance and, where applicable, flood insurance, all in accordance with the provisions of the related Servicing Agreements. It is understood and agreed that such insurance shall be with insurers meeting the eligibility requirements set forth in the applicable Servicing Agreement and that no earthquake or other additional insurance is to be required of any Mortgagor or to be maintained on property acquired in respect of a defaulted loan, other than pursuant to such applicable laws and regulations as shall at any time be in force and as shall require such additional insurance. (b) Pursuant to Section 3.23, any amounts collected by the Master Servicer, or by any Servicer, under any insurance policies (other than amounts to be applied to the restoration or repair of the property subject to the related Mortgage or released to the Mortgagor in accordance with the applicable Servicing Agreement) shall be deposited into the Distribution Account, subject to withdrawal pursuant to Section 3.24. Any cost incurred by the Master Servicer or any Servicer in maintaining any such insurance if the Mortgagor defaults in its obligation to do so shall be added to the amount owing under the Loan where the terms of the Loan so permit; provided, however, that the addition of any such cost shall not be taken into account for purposes of calculating the distributions to be made to Certificateholders and shall be recoverable by the Master Servicer or such Servicer pursuant to Section 3.24.

  • Group Insurance The Employer will continue to participate with employees in the provision of group life and medical plans as exist at the coming into force of this Agreement unless amended by mutual consent. The Employer agrees to pay 65% of the total premium cost for all employees covered by the health and dental care plans attached hereto and forming part of this Agreement.

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