Common use of Details and Method of Coverage Clause in Contracts

Details and Method of Coverage. The benefits summarized in the 34 Health Care and Insurance Plans and the Retiree Medical Plan shall be procured by 35 the Company under contracts and/or administrative agreements with insurance 36 companies, health care contractors, or administrative agents which will be in the 37 form customarily written by such carriers and administrative agents, and the Health 38 Care and Insurance Plans and Retiree Medical Plan shall be subject to the terms and 39 conditions of such contracts and/or administrative agreements, consistent with 40 the summary plan description for the Health Care and Insurance Plans or Retiree 41 Medical Plan. 42 43 The failure of an insurance company, health care contractor, or administrative agent 44 to provide any of the benefits for which it has contracted shall result in no liability 45 to the Company, nor shall such failure be considered a breach by the Company of 46 the obligations that it has undertaken by this Agreement. However, in the event of 47 any such failure, the Company shall immediately evaluate the need to replace the 48 services of such insurance company, health care contractor, or administrative agent. 49 50

Appears in 2 contracts

Samples: www.speea.org, www.speea.org

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Details and Method of Coverage. The benefits summarized in the 34 Health 41 Care and Insurance Plans and the Retiree Medical Plan shall be procured by 35 the Company 42 under contracts and/or administrative agreements with insurance 36 companies, health 43 care contractors, or administrative agents which will be in the 37 form customarily written 44 by such carriers and administrative agents, and the Health 38 Care and Insurance Plans 45 and Retiree Medical Plan shall be subject to the terms and 39 conditions of such contracts 46 and/or administrative agreements, consistent with 40 the summary plan description for 47 the Health Care and Insurance Plans or Retiree 41 Medical Plan. 42 43 49 The failure of an insurance company, health care contractor, or administrative agent 44 50 to provide any of the benefits for which it has contracted shall result in no liability 45 to 51 the Company, nor shall such failure be considered a breach by the Company of 46 the 52 obligations that it has undertaken by this Agreement. However, in the event of 47 any such 53 failure, the Company shall immediately evaluate the need to replace the 48 services of such 54 insurance company, health care contractor, or administrative agent. 49 5056

Appears in 1 contract

Samples: Collective Bargaining Agreement

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Details and Method of Coverage. The benefits summarized in the 34 Health 53 Care and Insurance Plans and the Retiree Medical Plan shall be procured by 35 the Company Compa- 54 ny under contracts and/or administrative agreements with insurance 36 companies, health 55 care contractors, or administrative agents which will be in the 37 form customarily written 56 by such carriers and administrative agents, and the Health 38 Care and Insurance Plans and Retiree Medical Plan shall be subject to the terms and 39 conditions of such contracts 1 and/or administrative agreements, consistent with 40 the summary plan description for 2 the Health Care and Insurance Plans or Retiree 41 Medical Plan. 42 43 3 The failure of an insurance company, health care contractor, or administrative agent 44 to 5 provide any of the benefits for which it has contracted shall result in no liability 45 to the 6 Company, nor shall such failure be considered a breach by the Company of 46 the obligations obli- 7 gations that it has undertaken by this Agreement. However, in the event of 47 any such 8 failure, the Company shall immediately evaluate the need to replace the 48 services of such 9 insurance company, health care contractor, or administrative agent. 49 5010

Appears in 1 contract

Samples: Collective Bargaining Agreement

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