Benefit Changes Clause Samples
The 'Benefit Changes' clause defines the process and conditions under which the benefits provided under an agreement may be modified. Typically, this clause outlines who has the authority to make changes, the types of benefits that can be altered (such as health insurance, retirement plans, or other employee perks), and the notice requirements or procedures for implementing such changes. Its core practical function is to provide flexibility for the provider to adjust benefits in response to changing circumstances, while also ensuring that affected parties are informed and that the process is transparent, thereby reducing disputes and misunderstandings.
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Benefit Changes. No reference in this Agreement to any policy or any employee benefit plan established or maintained by the Company shall preclude the Company from changing any such policies or amending or terminating any such benefit plans if a substantially similar benefit is provided to Executive by the Company.
Benefit Changes. The Medical Center reserves the right to modify plan of benefits provided by Medical Center to the Physician-in-Training at any time, subject to compliance with applicable law. Any such change may be made on a prospective basis only upon reasonable notice to the Physician-in-Training.
Benefit Changes. The following changes will be made effective as of January 1, 1999.
(a) The maximum benefit (exclusive of any benefits for orthodonture) which may be paid with respect to a covered employee or dependent in any calendar year beginning with calendar year 1999 will be increased from $1,000 to $1,500.
(b) The lifetime aggregate benefits payable for all orthodontic treatment rendered to a covered dependent, regardless of any interruption in service, will be increased from $750 to $1,000.
(c) The exclusion from coverage for implantology (including synthetic grafting) services will be deleted and dental implants and related services will be added to the list of Type C dental services for which the Plan pays benefits.
(d) Repair of existing dental implants will be added to the list of Type B dental services for which the Plan pays benefits.
(e) One application of sealants in any calendar year for dependent children under 14 years of age will be added to the list of Type A dental services for which the Plan pays benefits.
(f) The Plan will pay 80%, rather than 75%, of covered expenses for Type B dental services.
(g) The Plan will establish and maintain an 800 telephone number that employees and dependents may use to make inquiries regarding the Plan.
Benefit Changes. Where changes are contemplated to the existing benefits and benefit entitlements by the Employer, the Employer will meet with representatives of the Union to discuss the proposed changes.
Benefit Changes. Changes in benefits listed in this contract will be discussed with the Bargaining Committee before changes are implemented.
Benefit Changes. In all cases when a member goes from W.C.B. to W.I., the member must fill out the proper forms and have a physician’s signature before any further advances can be forwarded.
Benefit Changes. Where there is a change to or expiry of a benefit (such as a discount) provided to You under this Contract before the date on which this Contract ends or is terminated:
(a) We will inform You not more than 40 Business Days and not less than 20 Business Days before the date of the Benefit Change of:
(i) the Benefit Change; and
(ii) Your options for supply after the date of the Benefit Change; and
(b) We will inform You of the matters in clause 5(a) by providing written notice to You, using the contact information We have for You by the usual method You receive Bills from Us.
Benefit Changes. The Board of Trustees is authorized and directed to amend future benefit accruals for Current Actives effective April 1, 2004, based on the following:
(a) Future benefit accruals will be reduced to sixty-five percent (65%) of the current benefit accrual rates, for example, the current rates would be adjusted as follows:
(1) For the first (1st) ten (10) years of benefit credit the current benefit accrual rate of fifty-one dollars and eighty-two cents ($51.82) will be changed to thirty-three dollars and seventy cents ($33.70).
(2) For all years of benefit credit after the first (1st) ten (10) years the current benefit accrual rate of sixty-nine dollars and nine cents ($69.09) will be changed to forty-four dollars and ninety cents ($44.90).
(b) These benefit accrual rates will apply to all Current Actives, including Clerk's Helpers.
(c) The Board of Trustees is authorized and directed to provide the following schedule of benefits under the Pension Fund for New Hires:
(1) New Hires, including Clerk’s Helpers, are eligible to participate in this plan
(2) New Hires must be at least age twenty-one (21) and have one (1) year of service to meet the eligibility requirements
(3) One (1) year of service for eligibility purposes shall be defined to be at least seven hundred and fifty (750) hours of service
(4) New Hires will become participants on the earlier of:
a) The first (1st) day of the plan year beginning after the date the New Hire meets the eligibility requirements, or
b) The date six (6) months after the New Hire meets the eligibility requirements
(5) New Hire Benefit accrual rates will be set at thirty-five percent (35%) of the current top benefit accrual rates as follows:
a) For the first (1st) ten (10) years of benefit credit the benefit accrual rate shall be eighteen dollars and fourteen cents ($18.14).
b) For all years of benefit credit after the first (1st) ten (10) years the benefit accrual rate shall be twenty-four dollars and eighteen cents ($24.18).
(6) Normal retirement age will be age sixty-five (65).
(7) Early retirement eligibility will be age fifty-five (55) with five (5) years of service
(8) For early retirement prior to age sixty-five (65), participant’s accrued benefits will be reduced on an actuarial equivalent basis
(9) New Hires will not be eligible for the Rule of 85 retirement benefits
(10) Except for the changes enumerated above, and subject to the Trustees' right to make changes under subsection 15(B)(2)(e), all provisions of the curr...
Benefit Changes. The following changes in the benefit area will be made effective as of November 1, 1978.
a. The maximum benefit (exclusive of any benefits for orthodontia) $500 which may be paid with respect to a covered employee or dependent in any calendar year, including the calendar year 1978, will be increased from to $750 for all expenses incurred on or after November 1, 1978.
Benefit Changes. The Board of Trustees is authorized and directed to adopt benefit changes in accordance with the 2011 Preferred Schedule attached as Exhibit A hereto.
