Common use of Employee Recognition Program Clause in Contracts

Employee Recognition Program. The Employer agrees to continue coverage of benefits to retired full-time employees based on the formula listed below to age 65. To be eligible for these benefits, employees must apply for and meet OMERS qualifications. Benefits shall be extended health coverage, dental care and $25,000 life insurance as defined under the Collective Agreement. 30 years of service - 100% paid by Employer 25 years of service - 75 % paid by Employer - 25% paid by employee 20 years of service - 50% paid by Employer - 50% paid by employee

Employee Recognition Program. The Employer agrees to continue coverage of benefits to retired full-time employees based on the formula listed below to age 65. To be eligible for these benefits, employees must apply for and meet OMERS qualifications. Benefits shall be extended health coverage, dental care and $25,000 life insurance as defined under the Collective Agreement. 30 years of service - : 100% paid by Employer 25 years of service - 75 service: 75% paid by Employer - – 25% paid by employee 20 years of service - : 50% paid by Employer - – 50% paid by employee

Employee Recognition Program. The Employer agrees to continue coverage of benefits to retired full-time employees based on the formula listed below to age 65. To be eligible for these benefits, employees must apply for and meet OMERS qualifications. Benefits shall be extended health coverage, dental care and $25,000 life insurance as defined under the Collective Agreement. 30 years of service - service: 100% paid by Employer 25 years of service - 75 service: 75% paid by Employer - 25% paid by employee 20 years of service - service: 50% paid by Employer - 50% paid by employee