Establishment of the Chipotle Medical Plan Sample Clauses

Establishment of the Chipotle Medical Plan. Prior to the Separation, McDonald's and one or more of its Affiliates maintains a medical insurance plan (the "XxXxxxxx'x Corporation Health Plan") for the benefit of eligible McDonald's and Affiliate employees and Chipotle has been a participating employer under that plan. Effective as of the earlier of November 1, 2006 or the first day of the month following the month in which the Separation Date occurs (the "Effective Date"), Chipotle will adopt, for the benefit of Chipotle's eligible employees, a new medical plan (the "Chipotle Medical Plan"). Coverage will continue under the XxXxxxxx'x Corporation Health Plan for eligible Chipotle Employees and their dependents through the last day of the month prior to the month in which the Effective Date occurs. Except as otherwise explicitly provided for in this Agreement, neither McDonald's nor the XxXxxxxx'x Corporation Health Plan shall be liable for any medical expenses incurred on or after the Effective Date by Chipotle Employees (and their dependents) or for any other Liability of the Chipotle Medical Plan. As of the Effective Date, medical coverage under the Chipotle Medical Plan will be provided for the benefit of Chipotle's eligible employees subject only to the following: (a) McDonald's or the XxXxxxxx'x Corporation Health Plan will continue to be responsible for eligible claims incurred but not yet reported and/or paid under the Preferred Provider Organization (PPO) Options of the XxXxxxxx'x Corporation Health Plan available to covered Chipotle Employees and their covered dependents (the "PPO Options") effective prior to the Effective Date (including responsibility for determination of appeals on any such claims) in each case, for one year after the claim was incurred; provided that, for these purposes, claims shall be deemed to be incurred on the date that the service is provided or any other expense arises. Such claims will continue to be processed through and according to the terms of the XxXxxxxx'x Corporation Health Plan for Chipotle Employees and the XxXxxxxx'x Corporation Welfare Benefit Trust (the "McDonald's Trust") and in accordance with the requirements of ERISA, including the claims procedure provisions set forth in ERISA Section 503 and the regulations thereunder. The one-year period shall be known as the "Run-Out Period." (b) McDonald's or the XxXxxxxx'x Corporation Health Plan will not be responsible for claims under the Health Maintenance Organization (HMO) Options available to Chipotle ...
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Related to Establishment of the Chipotle Medical Plan

  • Medical Plan ‌ Eligible employees and dependants shall be covered by the British Columbia Medical Services Plan or carrier approved by the British Columbia Medical Services Commission. The Employer shall pay one hundred percent (100%) of the premium. An eligible employee who wishes to have coverage for other than dependants may do so provided the Medical Plan is agreeable and the extra premium is paid by the employee through payroll deduction. Membership shall be a condition of employment for eligible employees who shall be enrolled for coverage following the completion of three (3) months’ employment or upon the initial date of employment for those employees with portable service as outlined in Article 14.12.

  • Medical Plans The Employer will maintain the current health (including vision) and dental insurance programs and practices. For Calendar Years 2022 — 2023, the Employer shall contribute 80% of the premium charge for PPO plans, 85% of premium for the EPO plan, 85% of premium for the IHM plan, 80% for the prescription drug plan and 50% for the dental plan.

  • Educational Program A. DSST PUBLIC SCHOOLS shall implement and maintain the following characteristics of its educational program in addition to those identified in the Network Contract at DSST XXXX MIDDLE SCHOOL (“the School” within Exhibit A-3). These characteristics are subject to modification with the District’s written approval:

  • Establishment of Committee The Province may, at its sole discretion, require the establishment of a committee to oversee the Agreement (the “Committee”).

  • Establishment of Plan Employer hereby establishes this Deferred Compensation Plan which shall become effective as of the date selected by Employer. The Plan shall be maintained for the exclusive benefit of Employee.

  • Staffing Plan The Board and the Association agree that optimum class size is an important aspect of the effective educational program. The Polk County School Staffing Plan shall be constructed each year according to the procedures set forth in Board Policy and, upon adoption, shall become Board Policy.

  • Extended Health Plan An employee who makes an election under this provision must enrol in each and every of the benefit plans and shall not be entitled to except any of them.

  • Extended Health Care Plan ‌ The Employer shall pay the monthly premium for regular employees entitled to coverage under a mutually acceptable extended health care plan.

  • Management of the Company The Company's business and affairs shall be conducted and managed by the Member(s) in accordance with this Agreement and the laws of the State of the Formation. Single-Member (Applies ONLY if Single-Member): The Member(s) of the Company has sole authority and power to act for or on behalf of the Company, to do any act that would be binding on the Company or incur any expenditures on behalf of the Company. The Member(s) shall not be liable for the debts, obligations, or liabilities of the Company, including under a judgment, decree, or order of a court. The Company is organized as a “member-managed” limited liability company. The Member(s) is designated as the initial managing Member(s). Multi-Member (Applies ONLY if Multi-Member): Except as expressly provided elsewhere in this Agreement, all decisions respecting the management, operation, and control of the business and affairs of the Company and all determinations made in accordance with this Agreement shall be made by the affirmative vote or consent of Member(s) holding a majority of the Members’ Percentage Interests. Notwithstanding any other provision of this Agreement, the Member shall not, without the prior written consent of the unanimous vote or consent of the Member(s), sell, exchange, lease, assign or otherwise transfer all or substantially all of the assets of the Company; sell, exchange, lease (other than space leases in the ordinary course of business), assign or transfer the Company’s assets; mortgage, pledge or encumber the Company’s assets other than is expressly authorized by this Agreement; prepay, refinance, modify, extend or consolidate any existing mortgages or encumbrances; borrow money on behalf of the Company; lend any Company funds or other assets to any person or entity; establish any reserves for working capital repairs, replacements, improvements or any other purpose; confess a judgment against the Company; settle, compromise or release, discharge or pay any claim, demand or debt, including claims for insurance; approve a merger or consolidation of the Company with or into any other limited liability company, corporation, partnership or other entity; or change the nature or character of the business of the Company. The Member(s) shall receive such sums for compensation as Member(s) of the Company as may be determined from time to time by the affirmative vote or consent of Member(s) holding a majority of the Member(s)’ Percentage Interests.

  • Establishment of the Trust The Depositor does hereby establish, pursuant to the further provisions of this Agreement and the laws of the State of New York, an express trust to be known, for convenience, as “Deutsche Alt-A Securities Mortgage Loan Trust, Series 2006-AR5” and does hereby appoint HSBC Bank USA, National Association as Trustee in accordance with the provisions of this Agreement.

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