Benefit Provider Sample Clauses

Benefit Provider. ‌ The Employer shall have the right to change benefit carriers during the term of this collective agreement provided the same benefits are provided.
Sample 1Sample 2
Benefit Provider. ‌ Prior to any proposed changes in the benefit carrier, the Employer will advise the Union in writing 30 days in advance of a change. The Employer agrees to ensure that at a minimum a new carrier shall provide the same benefits and benefit levels as the previous carrier.
Sample 1
Benefit Provider. It is agreed during the 2008 negotiations, that there will be no loss or reduction on benefits from 2007 – 2008 agreement to 2008 – 2011 collective agreement. This same will apply for the transition from Manulife Financial to future providers.
Sample 1
Benefit Provider. The current benefit plan will remain in place during the term of this agreement.
Sample 1
Benefit Provider. ‌ The current benefit plan will remain in place during the term of this agreement. The Employer may seek to change benefit providers so long as the level of benefits provided is maintained at a comparable level as included in the benefit booklet at the time of ratification.
Sample 1

Related to Benefit Provider

  • Retiree Life Insurance Employees who retire under the Monroe County Employees' Retirement System shall be eligible for $4,000.00 term life insurance. All employees hired by the Employer on or after October 1, 2007 shall not be eligible for Retiree Life Insurance.

  • Life Insurance Benefits A. During the life of this Agreement, the basic life insurance benefit made available to Faculty members shall be calculated as 3 times base annual earnings, rounded to the next highest $1,000, but not more than $225,000. A separate additional benefit up to the amount of the life insurance will be paid for accidental death and dismemberment, or loss of sight. The amount of Life and Accidental Death and Dismemberment/Loss of Sight benefits will be reduced to 65% at age 65, and further reduced (from the original insurance amount) as follows: to 50% at age 70, and 35% at age 75. Basic life insurance and AD&D benefits will be provided with no employee contributions. B. Faculty members will be eligible to purchase the following supplemental coverage: 1. additional amounts of group term life insurance at a level of between one and three (3) times the Faculty member’s annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 2. group term life insurance for spouses and domestic partners at a level of between one (1) and three (3) times annual salary with a maximum of $600,000. The guaranteed issue level at initial enrollment will be determined by the life insurance carrier and any amounts over the guaranteed level will be subject to the underwriting requirements of the life insurance carrier. 3. group term life insurance for eligible dependent children at a level of $10,000.

  • Dependent Life Insurance In the event of the death of your spouse or dependent child from any cause whatsoever, while you and your dependents are insured under the plan, the insurance company will pay you $10,000 in respect of your spouse and $5,000 in respect of each insured dependent child. This applies to those employees with family health coverage only.

  • Employment Insurance Rebate The short-term sick leave plan shall be registered with the Employment Insurance Commission (EIC). The nurses' share of the employer's Employment Insurance premium reduction will be retained by the Hospital towards offsetting the cost of the benefit improvements contained in this agreement.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!