Effect of Termination Upon Fringe Benefits Sample Clauses

Effect of Termination Upon Fringe Benefits. Any employee who resigns or whose employment is otherwise terminated (including but not limited to separations identified in Article 7, Section 1.D and Article 20) will no longer be entitled to any fringe benefits; provided, however, this section shall not be construed to prohibit individual purchases of benefit extensions upon retirement. Individual purchases are subject to the terms and conditions of the respective insurance carriers and may be subject to an MCC administrative cost.
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Effect of Termination Upon Fringe Benefits. Please see Article 9, Section 2 regarding the effects of termination upon fringe benefits.
Effect of Termination Upon Fringe Benefits. Any employee who resigns or otherwise terminates his/her employment will no longer be entitled to the fringe benefits program; provided, however, this section shall not be construed to prohibit individual purchases of benefit extensions upon retirement (Article 22, Section 2.B). Individual purchases are subject to the terms and conditions of the respective insurance carriers and may be subject to an administrative cost charged to the employee by the Employer. The employee’s hospitalization and medical insurance, dental insurance and vision insurance remain in effect only for the balance of the month following separation, unless he/she utilizes the provisions of COBRA to extend coverage at his/her expense or in the event of retirement as outlined in Article 22, Section 2.B. For example, an employee whose last day of work is the first day of the month (April 1, for example) would remain covered through April 30 but an employee whose last day of work is the last day of the month (April 30, for example) would be without coverage after April 30 unless he/she utilizes the provisions of COBRA to purchase extended coverage. All other benefits end on the last day worked or the last day the employee is active on the payroll (This is the termination date recorded in Datatel).

Related to Effect of Termination Upon Fringe Benefits

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Compensation Upon Termination Upon termination of Executive’s employment during the Employment Term, Executive shall be entitled to the following benefits:

  • Effects of Termination Upon the termination of this Agreement for any reason:

  • Rights of Termination 10.1 The Company may in its sole discretion terminate this agreement by written notice to the Customer if:

  • Action Upon Termination (a) From and after the effective date of termination of this Agreement, pursuant to Sections 13, 14, or 15 of this Agreement, the Manager shall not be entitled to compensation for further services under this Agreement, but shall be paid all compensation accruing to the date of termination and, if terminated pursuant to Section 13 or Section 15(b), the applicable Termination Fee. Upon such termination, the Manager shall forthwith:

  • Effect of Termination Notice Where Network Rail or the Train Operator has served a Termination Notice on the other:

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

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