Continued Health Insurance Sample Clauses

Continued Health Insurance. If Executive elects COBRA coverage under the applicable medical and dental plans of the Company, the Company will subsidize a portion of the applicable monthly COBRA premium during the Severance Period, so that Executive will only be required to pay the premiums applicable to continuing employees during that time; provided that such subsidy shall cease on the date on which Executive becomes eligible for medical and dental coverage from a third party.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Continued Health Insurance. Employee is eligible to elect continued group health coverage under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”). If Employee chooses to continue health insurance coverage, the Company will pay the employer and employee portions of premiums for such continuation coverage for a period of eighteen (18) months following the Effective Date.
Sample 1
Continued Health Insurance. For each contract year completed beginning with the 2010-2011 contract year, the Superintendent shall be entitled to receive one year of single health insurance benefits equal to those provided other certified staff members at the Board’s expense following separation of employment with the District, subject to the condition that the Superintendent meet applicable eligibility requirements for such benefit. Such benefit shall expire and the Board shall have no further obligation to provide such benefit: (1) when the Superintendent reaches the age of eligibility for Medicare coverage or otherwise becomes eligible for Medicare coverage, Medicaid coverage, or other federal or state funded program providing medical and health-related services or funding for such services; (2) in the event the Superintendent leaves the District and takes other employment with an employer that has sponsored group health insurance available, in which event the obligation to provide such benefit shall expire at the time such other insurance becomes available to the Superintendent; (3) in the event this employment contract or any future employment contract between the Superintendent and the Board is nonrenewed, terminated or cancelled except that the board shall be obligated to provide such benefit as has been accrued for each year of employment completed beginning with the 2010-11 contract year, unless the termination or cancellation is for reason of violation of ethical standards established by the Nebraska Department of Education from time to time (presently, NDE Regulation 27), in which event such benefit and any accrued benefit shall be cancelled as of the date of the termination or cancellation. Nothing herein shall be interpreted to abridge the Superintendent’s rights to continue health insurance coverage at the Superintendent’s expense as may be provided by state or federal law.
Sample 1
Continued Health Insurance. The Company will continue to provide the Executive with group health insurance and continue to pay the amount of the premium as in effect on the date of such termination for the same period of time as the Base Salary is continued pursuant to Section 4(b)(i), commencing on the effective date of such termination, subject to applicable law and the terms of the respective policies. The foregoing will constitute continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), will be subject to the Executive’s valid election of such continuation benefits under COBRA, will be administered in accordance with the requirements of COBRA and will not be construed to extend any period of continuation coverage required by law; and
Sample 1
Continued Health Insurance. The Company will continue to provide the Executive with group health insurance and continue to pay the amount of the premium as in effect on the date of such termination for a period of eighteen months, commencing on the effective date of such termination, subject to applicable law and the terms of the respective policies. The foregoing will constitute continuation coverage under the Consolidated Omnibus Budget Reconciliation Act (“COBRA”), will be subject to the Executive’s valid election of such continuation benefits under COBRA, will be administered in accordance with the requirements of COBRA and will not be construed to extend any period of continuation coverage (e.g., COBRA) required by law; and
Sample 1
Continued Health Insurance. During the Separation Pay Period, you and any currently enrolled dependents will be provided with continued coverage under the Company's health insurance plans at the same rates and under the same terms and conditions that are applicable to the Company's actively employed executives. Nothing in this Section 2(b) is to be construed to limit the Company's ability to amend, modify, or terminate any or all of the health insurance plans. At any time during the Separation Pay Period that the Company is unable to maintain such coverage for you under any of its plans, you will be provided with no less than forty-five (45) days' prior written notice of your opportunity to elect continuing coverage under the federal law known as "COBRA," or applicable state law. In such event, the Company shall reimburse you fully, including appropriate tax gross-ups, for any COBRA premium payments you elect to make with respect to any portion of the Separation Pay Period.
Sample 1
Continued Health Insurance. Your current health benefits will end on the last day of the month in which you receive any Severance Pay. Your contribution to the benefits during the period in which you are receiving Severance Pay will be the same as for active associates with similar coverage. Your contribution for the first six months will be deducted from the initial payment. After the initial payment, your contribution will be deducted from each installment payment. • After you are no longer receiving Severance Pay, you may elect to continue your health benefits in accordance with COBRA at your own expense.
Sample 1
AutoNDA by SimpleDocs
Continued Health Insurance. In addition, if you sign (and do not revoke) the Supplemental Release, and if you elect COBRA, the Company will pay your COBRA premiums to continue your medical, vision and dental coverage for you and your dependents at the Company’s cost for a period of up to thirty-six (36) months following the Termination Date, subject to Section 6.2.3 of the Employment Agreement.
Sample 1

Related to Continued Health Insurance

  • Health Insurance The Couple agrees that: (check one)

  • Retiree Health Insurance Retired members of the Department receiving, or to receive City of Lincoln monthly pension checks, may participate in the group comprehensive health care plan for active City employees, provided that each retiree so desiring will execute the required forms in a timely fashion, and further provided that each retiree will be required to pay the full monthly cost at the current rates subject to any rate increases which may occur from time to time. Such payment will be made by payroll deduction from pension checks, or by direct payment in the case of an early retiree.

  • Group Health Insurance The Employer shall provide a comprehensive health care insurance program for all permanent full-time and part-time employees. Health Plan characteristics and benefits shall be as provided in the Employer’s Agreement with the Ohio Civil Service Employees Association (hereinafter OCSEA). Regardless of the plan, employees will pay fifteen percent (15%) of the premium and the Employer will pay eighty-five percent (85%) of the premium; however for any alternative plans offered pursuant to the Agreement with OCSEA, the employees’ premium share will be determined by the Director of DAS, but will not exceed fifteen percent (15%) of the premium. The Employer’s premium share shall be paid on behalf of eligible employees as provided in the Employer’s Agreement with OCSEA. Employees who include a spouse as a dependent for healthcare coverage shall pay a surcharge as provided in the Employer’s Agreement with OCSEA. Eligibility provisions for employees enrolling in State provided health care plans shall remain the same as those in effect in the Employer’s Agreement with OCSEA. The Employer reserves the right to perform dependent eligibility audits upon recommendation of the Joint Health Care Committee. Health care costs paid on behalf of ineligible dependents will be subject to recovery. Deductibles, co-payments, and other plan design provisions for all benefit programs shall be the same as those prescribed in the Employer’s Agreement with OCSEA. Every year the Employer shall conduct an open enrollment period, at which time employees shall be able to enroll in a health plan, continue enrollment in their current plan, switch to another plan, subject to plan availability in their area, or waive coverage. The timing of the open enrollment period shall be established by the Director of the Department of Administrative Services (DAS), in consultation with the Joint Health Care Committee. Changes outside of open enrollment may only occur as prescribed in the Employer’s Agreement with OCSEA. Open Enrollment Fairs shall be held in accordance with Employer’s Agreement with OCSEA. There shall be established a Joint Health Care Committee composed of representatives of management, and of the various labor Unions representing State employees. The Committee shall meet regularly to monitor the operation of the State’s health care plans, and to make recommendations for the improvement of the plans and cost containment procedures. The Employer shall provide funding for dental, vision and the life benefits as described in Article 21 of the Employer’s Agreement with OCSEA and the Union’s Benefits Trust. Employee health insurance payments will be deducted from every paycheck. In the event an employee is receiving disability leave or Workers’ Compensation benefits, the Employer- policyholder shall continue, at no cost to the employee, the coverage of group health insurance for such employee for the period of such leave, but not beyond twelve (12) months. If the employee’s leave extends beyond twelve

  • Health Insurance Portability and Accountability Act Grantee certifies that it is in compliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA), Public Law Xx. 000-000, 00 XXX Parts 160, 162 and 164, and the Social Security Act, 42 USC 1320d-2 through 1320d-7, in that it may not use or disclose protected health information other than as permitted or required by law and agrees to use appropriate safeguards to prevent use or disclosure of the protected health information. Grantee shall maintain, for a minimum of six (6) years, all protected health information.

  • Health Insurance Benefits To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 12 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 12 months after the date of Executive’s separation from service.

  • Health Insurance Portability and Accountability Act of 1996 This paragraph was intentionally left blank.

  • Health Insurance Coverage (a) An employee who is laid off or separated from employment on or after July 1, 1994, under circumstances which entitle such employee to reemployment rights under this Article, other than pursuant to Section 23, may elect to continue membership in their health benefit plan, upon advance payment of the regular percentage contribution to the cost of the plan, during the first six

  • Health insurance premiums If you are unemployed and have received unemployment compensation for 12 consecutive weeks under a federal or state program, you may take payments from your IRA to pay for health insurance premiums without incurring the 10 percent early distribution penalty tax.

  • Extended Health Care Benefits The City will provide for all employees by contract through an insurer selected by the City an Extended Health Care Plan which will provide extended health care benefits. The City shall pay one hundred per cent (100%) of the premiums, which will include any premiums payable under The Health Insurance Act, R.S.O. 1990, as amended.

  • Continued Healthcare If Executive elects to receive continued healthcare coverage pursuant to the provisions of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall directly pay, or reimburse Executive for, the premium for Executive and Executive’ s covered dependents through the earlier of (i) the six (6) month anniversary of the Termination Date and (ii) the date Executive and Executive’s covered dependents, if any, become eligible for healthcare coverage under another employer’s plan(s). After the Company ceases to pay premiums pursuant to the preceding sentence, Executive may, if eligible, elect to continue healthcare coverage at Executive’s expense in accordance the provisions of COBRA.

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