Continuation/Cancellation of Benefits During Leave of Absence Sample Clauses

Continuation/Cancellation of Benefits During Leave of Absence. (a) Where an Employee requests a leave of absence for a period greater than one (1) month, the Employee shall be given the option to continue the benefits, or to have the benefits cancelled, in accordance with the terms and conditions of the carrier. If the Employee elects to continue the benefits, payments must be tendered to the Corporation to cover the cost of the benefits during the period of leave of absence. The benefits include: Extended Health and Dental Group Life Insurance (b) Payment may be made to the Corporation by way of post-dated cheques dated the first day of each month. The effective date of all benefits provided by the Corporation shall be on the basis as those on commencement or termination of employment. (c) The provisions of this Article shall not be applicable to those Employees on Workplace Safety and Insurance leave or Employees on protected leaves of absence, as defined by the Employment Standards Act, 2000.
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Continuation/Cancellation of Benefits During Leave of Absence. (a) Where an Employee requests a leave of absence for a period greater than one (1) month, the Employee shall be given the option to continue the benefits, or to have the benefits cancelled, in accordance with the terms and conditions of the carrier. If the Employee elects to continue the benefits, payments must be tendered to the Corporation to cover the cost of the benefits during the period of leave of absence. The benefits include: Extended Health and Dental Group Life Insurance (b) Payment may be made to the Corporation by way of post-dated cheques dated the first day of each month. The effective date of all benefits provided by the Corporation shall be on the basis as those on commencement or termination of employment. (c) The provisions of this Article shall not be applicable to those Employees on Workplace Safety and Insurance leave.
Sample 1
Continuation/Cancellation of Benefits During Leave of Absence. Where a general leave is for a period of one (1) month or less, benefit coverage shall continue. Where an Employee requests an unpaid leave of absence for a period greater than one (1) month, the Employee shall be given the option to continue the benefits, or to have the benefits cancelled, in accordance with the terms and conditions of the carrier. If the Employee elects to continue the benefits, payments must be tendered to the Employer to cover the cost of the benefits during the period of the leave. The benefits include: Extended Health and Dental Group Life Insurance Payment may be made to the Employer by way of post-dated cheques dated the first day of each month. The provisions of this article shall not be applicable to those Employees on Workplace Safety and Insurance leave or Employees on protected leaves of absence, as defined by the Employment Standards Act.
Sample 1
Continuation/Cancellation of Benefits During Leave of Absence 
Sample 1

Related to Continuation/Cancellation of Benefits During Leave of Absence

  • Continuation of Benefits (i) For a period of three years following the Termination of Employment (the “Benefit Continuation Period”), the Employee shall be treated as if he had continued to be an executive for all purposes under the Company’s health insurance plan and dental insurance plan; or if the Employee is prohibited from participating in such plans, the Company shall otherwise provide such benefits. Employee shall be responsible for any employee contributions for such insurance coverage. Following the Benefit Continuation Period, Employee shall be entitled to receive continuation coverage under Part 6 of Title I of ERISA (“COBRA Benefits”) by treating the end of this period as the applicable qualifying event (i.e., as a termination of employment) for purposes of ERISA Section 603(2)) and with the concurrent loss of coverage occurring on the same date, to the extent allowed by applicable law. (ii) For the Benefit Continuation Period, the Company shall maintain in force, at its expense, the Employee’s life insurance in effect under the Company’s voluntary life insurance benefit plan as of the Change-in-Control Date or as of the date of Termination of Employment, whichever coverage limits are greater. For purposes of clarification, the portion of the premiums in respect of such voluntary life insurance for which Employee and the Company are responsible, respectively, shall be the same as the portion for which the Company and Employee are responsible, respectively, immediately prior to the date of Termination of Employment or the Change-in-Control Date, as applicable. (iii) For the Benefit Continuation Period, the Company shall provide short-term and long-term disability insurance benefits to Employee equivalent to the coverage that the Employee would have had had he remained employed under the disability insurance plans applicable to Employee on the date of Termination of Employment, or, at the Employee’s election, the plans applicable to Employee as of the Change-in-Control Date. Should Employee become disabled during such period, Employee shall be entitled to receive such benefits, and for such duration, as the applicable plan provides. For purposes of clarification, the portion of the premiums in respect of such short-term and long-term disability benefits for which Employee and the Company are responsible, respectively, shall be the same as the portion for which Employee and the Company are responsible, respectively, immediately prior to the date of Termination of Employment or the Change-in-Control Date, as applicable. (iv) Notwithstanding anything in this Agreement to the contrary, in no event shall the provision of in-kind benefits pursuant to this Section 3 during any taxable year of Employee affect the provision of in-kind benefits pursuant to this Section 3 in any other taxable year of Employee.

  • Effective Date; Termination; Cancellation and Suspension Section 4.01. This Agreement shall come into force and effect on the date upon which the Development Credit Agreement becomes effective. Section 4.02. (a) This Agreement and all obligations of the Association and of Republika Srpska thereunder shall terminate on the earlier of the following two dates: (i) the date on which the Development Credit Agreement shall terminate; or (ii) a date twenty (20) years after the date of this Agreement.

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