Continued Coverage. The Company shall maintain, to the extent practicable, the D&O Insurance for so long as this Agreement remains in effect. The Company shall cause the D&O Insurance to cover Indemnitee, in accordance with its terms and at all times such insurance is in effect, to the maximum extent of the coverage provided thereby for any director or officer of the Company.
Continued Coverage. If, during the Termination Period, the employment of the Executive shall terminate pursuant to a Qualifying Termination, the Company shall continue to provide, during the Compensation Period, the Executive (and the Executive's dependents, if applicable) with the same level of medical, dental, vision, accident, disability and life insurance benefits upon substantially the same terms and conditions (including contributions required by the Executive for such benefits) as existed immediately prior to the Executive's Date of Termination; provided, however, that if the Company is unable to provide any of these benefits under its benefit plans in effect during the Compensation Period, the Company shall pay to the Executive an amount sufficient to enable the Executive to procure comparable benefits on his own. Notwithstanding the foregoing, in the event the Executive becomes reemployed with another employer and becomes eligible to receive welfare benefits from such employer, the welfare benefits described herein shall be secondary to such benefits during the period of the Executive's eligibility, but only to the extent that the Company reimburses the Executive for any increased cost and provides any additional benefits necessary to give the Executive the benefits provided hereunder. The Executive's accrued benefits as of the Date of Termination under the Company's employee benefit plans shall be paid to the Executive in accordance with the terms of such plans. In addition, if, during the Termination Period, the employment of the Executive shall terminate pursuant to a Qualifying Termination, the Company shall provide the Executive with one (1) additional year of service credit under all non-qualified retirement plans and excess benefit plans in which the Executive participated as of his Date of Termination.
Continued Coverage. If, during the Termination Period, the employment of the Executive shall terminate pursuant to a Qualifying Termination, the Executive shall be entitled to the following special benefits:
(i) The Executive shall be entitled to participate (treating the Executive as an active employee for this purpose) in the group health plan or program and the group dental plan or program (in each case whether insured or self-insured, or any combination thereof) provided by the Company for the benefit of its active employees and their dependents (the “Company Health Care Plan”) during the Compensation Period (the “Continuation Coverage”). The Company shall use its best efforts to provide the Executive and his dependents with the Continuation Coverage under the Company Health Care Plan, including, if necessary, amending the applicable provisions of the Company Health Care Plan and negotiating the addition of any necessary riders to any group health insurance contract. During the Compensation Period, the Executive shall pay the entire premium required for the Continuation Coverage under the Company Health Care Plan. The premium required for the Continuation Coverage during the first eighteen (18) months of the Compensation Period (or the entire Compensation Period if the duration of the Compensation Period is less than eighteen (18) months) shall be equal to the premium required by the continuation of coverage requirements of Section 4980B of the Code and Part 6 of Title I of the Employee Retirement Income Security Act of 1974, as amended (“COBRA”), for such Continuation Coverage (the “COBRA Rate”). During the remainder of the Compensation Period, if any, the premium required for the Continuation Coverage shall be the greater of the COBRA Rate or the actuarially determined cost of the Continuation Coverage as determined by an actuary selected by the Company.
(ii) If at any time during the Compensation Period the Company is unable for whatever reason to provide the Executive with the Continuation Coverage under the Company Health Care Plan, the Company shall use its best efforts to provide the Executive coverage under an individual policy of health insurance (the “Individual Health Care Policy”) providing coverage which is substantially identical to the Continuation Coverage to be provided under the Company Health Care Plan. In such event, the Executive shall pay the entire premium charged for coverage of the Executive and his dependents under the Individual Health Care Poli...
Continued Coverage. Employees shall be eligible to continue participation in the District health insurance plan through COBRA coverage, if permitted by the terms of the policy with the insurance carrier, by paying the entire premium for such insurance, under the following circumstances:
A. The employee retires prior to the age of Medicare Eligibility;
B. Is at least 55 years of age; and
C. Has completed at least ten (10) years continuous service in the District.
Continued Coverage. If Licensee’s insurance is written on a claims-made basis, as opposed to an occurrence basis, Licensee will purchase the coverage necessary to ensure continued and uninterrupted coverage of all claims, including those made ‘after the policy expires or is terminated.
Continued Coverage. If Company’s insurance is written on a claims-made basis, as opposed to an occurrence basis, Company will purchase the coverage necessary to ensure continued and uninterrupted coverage of all claims, including those made after the policy expires or is terminated.
Continued Coverage. Eligible enrolled employees and their beneficiaries may also continue as subscribers to this group program when required by Federal law and on a cash payment basis.
Continued Coverage. Insurance premiums for employees on physical incapacity leave of absence will be carried by the Board of Education for a maximum period of six (6) months from the start of leave as defined in Article 15, Section 9, c. Insurance premiums for employees on prolonged layoff or non-compensable leave (other than sick leave) will be carried by the Board of Education for a maximum period of ninety (90) days. Premiums for all insurance benefits - Blue Cross/Blue Shield, Life, Short Term Disability Wage Replacement, Long Term Disability, Dental, and Optical - will be paid by the Board of Education in accordance with the terms of this Agreement. New employees will be provided with insurance coverage following the employee's probationary period as defined in this Agreement.
Continued Coverage. Section 8905a of title 5, United States Code, is amended—
(1) in subsection (d)(3)(A), by inserting ‘‘for self plus one or’’ before ‘‘for self and family’’; and
(2) in subsection (f)(3)(A), by striking ‘‘for self and family based on such person’s separation from service’’ and inserting ‘‘based on such person’s separation from service under a self plus one enrollment that covered the individual or under a self and family enrollment’’.
Continued Coverage. The Employer shall continue to pay the premium for the benefits of this Article whenever a nurse is on leave of absence with pay.
