Discontinuation/Reinstatement Sample Clauses

Discontinuation/Reinstatement. The City reserves the right to discontinue the plan on January 1 of any year, with one year advance notice to SAFO. This City has provided such notice that the program will be discontinued following the 2013 retirements. After the program is discontinued, employees who are approved to receive the incentive will continue to receive payments under the terms that were in place at the time that they were approved for the incentive. The City further reserves the right to reinstate the plan on January 1 of any year. ATTACHMENT A‌ Medical and Dental Insurance:‌ 2013 – Association members will continue to pay 15% of total Premera premium and 30% of total Group Health premium. Association members will continue to pay prescription co-pays as follows: Premera - $10 for generic medications and $20 for other medications. Group Health - $10 for generic medications and $30 for other medications. The City agrees to continue its current fully paid family dental coverage for the PPO dental plan through 2013. 2014 forward – Association members will move to the Local 29 Benefit Trust (see Appendix B to the 2012-2015 Local 29 Contract) with City contributions of $1566/member/month. The monthly contribution amount would increase by 4% per year thereafter. SAFO would fall under all agreements the City has with the Spokane Fire Fighters Benefit Trust, or any agreement between the City and Local 29 regarding the same. Medical Savings Account (VEBA):‌ For all members, the City will contribute “an amount equal to City contributions to Local 29 members VEBA accounts” to a medical savings account (VEBA) to be selected and administered by the Association. Life Insurance:‌ The City agrees to continue, at its expense, the current life insurance program of one- and one-half (1½) times annual salary. A maximum of $300,000 will be used for actuarial purposes, but should the value of one- and one-half times annual salary ever exceed $300,000, then the maximum will increase in $50,000 increments. ATTACHMENT B‌ XXXX agrees to a department reorganization as follows: 1. Assign duties of the current EMS Division Chief position to the Deputy Chief rank upon retirement of the current EMS Division Chief. The duties now performed by the EMS Division Chief would be amalgamated into the Deputy Chief rank. 2. Effective July 1, 2009 eliminate the Training Battalion Chief assignment and amalgamate the training duties to the Deputy Chief rank. 3. Effective July 1, 2009 create a relief Battalion Chief posit...
Sample 1Sample 2
AutoNDA by SimpleDocs
Discontinuation/Reinstatement. The City reserves the right to discontinue the plan on January 1 of any year, with one year advance notice to SAFO. This City has provided such notice that the program will be discontinued following the 2013 retirements. After the program is discontinued, employees who are approved to receive the incentive will continue to receive payments under the terms that were in place at the time that they were approved for the incentive. The City further reserves the right to reinstate the plan on January 1 of any year. ATTACHMENT A - INSURANCE‌ Medical and Dental Insurance:‌ SAFO members will continue to receive medical and dental insurance under the Local 29 Benefit Trust (see Appendix B to the 2016-2019 Local 29 Contract) with City contributions of $1813/member/month in 2017. The monthly contribution amount would increase by 4% per year thereafter, including out of contract years. All newly hired employees will have their medical benefits start the first of the month following hire date, if allowed by the benefits trust and its insurance carriers. The City’s contribution rates during each contract year shall be as follows: SAFO would fall under all agreements the City has with the Spokane Fire Fighters Benefit Trust, or any agreement between the City and Local 29 regarding the same.
Sample 1Sample 2
Discontinuation/Reinstatement. The City reserves the right to discontinue the plan on January 1 of any year, with one year advance notice to Local 29. This City has provided such notice that the program will be discontinued following the 2013 retirements. After the program is discontinued, employees who are approved to receive the incentive will continue to receive payments under the terms that were in place at the time that they were approved for the incentive. The City further reserves the right to reinstate the plan on January 1 of any year.
Sample 1

Related to Discontinuation/Reinstatement

  • Continuation and Reinstatement, etc Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

  • Termination; Reinstatement This Guaranty is a continuing and irrevocable guaranty of all Obligations now or hereafter existing and shall remain in full force and effect until all Obligations and any other amounts payable under this Guaranty are indefeasibly paid in full in cash and the Commitments and the Facilities with respect to the Obligations are terminated. Notwithstanding the foregoing, this Guaranty shall continue in full force and effect or be revived, as the case may be, if any payment by or on behalf of the Borrower or any Guarantor is made, or any of the Secured Parties exercises its right of setoff, in respect of the Obligations and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any of the Secured Parties in their discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and whether or not the Secured Parties are in possession of or have released this Guaranty and regardless of any prior revocation, rescission, termination or reduction. The obligations of each Guarantor under the preceding sentence shall survive termination of this Guaranty.

  • Discontinuation Either party may discontinue the job/time sharing arrangement with ninety

  • Reinstatement, etc The Guarantor agrees that this Guaranty shall continue to be effective or be reinstated, as the case may be, if at any time any payment (in whole or in part) of any of the Guaranteed Obligations is rescinded or must otherwise be restored by any Lender Party, upon the insolvency, bankruptcy or reorganization of the Borrowers, any other Loan Party or otherwise, all as though such payment had not been made.

  • Reinstatement and Continuation of Agreement If any Senior Priority Agent or Senior Priority Creditor is required in any Insolvency Proceeding or otherwise to turn over or otherwise pay to the estate of any Credit Party or any other Person any payment made in satisfaction of all or any portion of the Senior Priority Obligations (a “Senior Priority Recovery”), then the Senior Priority Obligations shall be reinstated to the extent of such Senior Priority Recovery. If this Agreement shall have been terminated prior to such Senior Priority Recovery, this Agreement shall be reinstated in full force and effect in the event of such Senior Priority Recovery, and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the Parties from such date of reinstatement. All rights, interests, agreements, and obligations of each Agent, each Senior Priority Creditor, and each Junior Priority Creditor under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding by or against any Credit Party or any other circumstance which otherwise might constitute a defense available to, or a discharge of, any Credit Party in respect of the Senior Priority Obligations or the Junior Priority Obligations. No priority or right of any Senior Priority Secured Party shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Borrower or any Guarantor or by the noncompliance by any Person with the terms, provisions, or covenants of any of the Senior Priority Documents, regardless of any knowledge thereof which any Senior Priority Secured Party may have.

  • Petition for Reinstatement An employee who has received a separation notice in accordance with Section 27.3, above, may petition the Employer in writing to consider reinstatement. The employee must provide proof that the absence was involuntary or unavoidable. The petition must be received by the Employer or postmarked within seven (7) calendar days after the separation notice was deposited in the United States mail.

  • Continuation of Health Benefits An employee on an approved Military Caregiver Leave shall be entitled to continue participation in health plan coverage (medical, dental, and optical) as if on pay status during the leave.

  • 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 Employee 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 Employee 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.

  • Benefits Continuation In addition, Executive shall be entitled to health and dental insurance benefits for a period of eighteen (18) months following the termination of this Agreement. These benefits will be provided at Employer’s expense, but such period shall count towards the Employer’s continuation of coverage obligation under Section 4980B of the Internal Revenue Code (commonly referred to as “COBRA”).

  • Continuation of or Change in Business Each of the Loan Parties shall not, and shall not permit any of its Unregulated Subsidiaries to, engage in any business other than a Permitted Business.

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