Extension of Medical Benefits. The Executive shall be entitled to an extension of medical benefits as provided in clauses (i) or (ii) below, as applicable:
(i) if the Executive has attained age 55 and has completed at least five years of continuous service with the Company at the date of his termination, the Company will provide the Executive and, if the Executive is married, the Executive's spouse and minor dependents with medical and dental coverage at a level that in all respects is not less than the medical and dental coverage available to the Executive under the Company's group health plan as of the Effective Date for the period commencing on the date such coverage otherwise would cease due to his termination and ending on the earlier of (a) the Executive's attainment of age 65 or (b) the date the Executive first becomes covered after the date of his termination under another group health plan; provided, however that the Executive is not obligated to seek employment following his termination or to enroll for coverage under any other group health plan; or
(ii) if the Executive has attained not age 55, but has completed at least five years of continuous service with the Company at the date of his termination, the Company will provide the Executive and, if the Executive is married, the Executive's spouse and minor dependents with medical and dental coverage at a level that in all respects is not less than the medical and dental coverage available to the Executive under the Company's group health plan as of the Effective Date, for the period commencing on the date such coverage otherwise would cease due to his termination and ending on the earlier of (a) three years following the date of the Executive's termination or (b) the date the Executive first becomes covered after the date of his termination under another group health plan; provided, however that the Executive is not obligated to seek employment following his termination or to enroll for coverage under any other group health plan. The medical and dental benefits provided to the Executive and, if applicable, to the Executive's spouse and minor dependents pursuant to this Section 4.3.2 shall be provided by the Company in a manner such that the Executive will not be taxable on any reimbursements to or on behalf of the Executive and, if applicable, to or on behalf of the Executive's spouse. In addition, such medical and dental benefits shall be provided at no cost to the Executive; provided, however, that if the Company reasonably ...
Extension of Medical Benefits. The Company will continue to provide the Executive and, if the Executive is married, the Executive's spouse the Medical and Dental Benefits described in Section 2.8 hereof.
Extension of Medical Benefits. The Company shall provide to Executive and/or Executive’s spouse and family, as the case may be, continued participation in the welfare benefit plans, policies and programs in which Executive and/or Executive’s spouse or family, as the case may be, participated in immediately prior to the Date of Termination, but not less benefits, in the aggregate, than Executive and/or Executive’s spouse and family received immediately prior to the Change of Control, as if Executive’s employment had not terminated and at no cost to the Executive (the “Welfare Continuation Benefit”). The Welfare Continuation Benefit shall be provided for the period beginning on the Date of Termination and ending on the date that is twenty-four (24) months after the Date of Termination; provided, however, that during the period of the first six (6) months following Executive’s Separation from Service (as defined in Section 7.1(a), except in the case of health plan premiums or other medical benefits the payment of which would generally constitute deductible medical expenses under Section 213 of the Code, the Executive’s receipt of such benefits and coverages shall be at the Executive’s cost, paid to the Company by the Executive monthly in cash, and the Company shall reimburse the total amount of such cost paid by the Executive to him in a single cash payment as soon as administratively feasible following the end of such six-month period.
Extension of Medical Benefits. Notwithstanding anything contained in this Agreement or the Employment Agreement to the contrary, commencing at such time that Executive’s employment is terminated for any reason other than for Cause, and for a period of ten (10) years thereafter, Executive shall be entitled to participate in all medical benefit plans and programs made available by the Company to its executive officers, provided that Executive’s right to participate in such plans and programs shall not affect the Company’s right to amend or terminate the general applicability of such plans and programs, and further provided that the Company shall not be required to provide any such medical benefits that may at any time not be available to non-employees and in such event the Company shall provide, at its cost, substantially comparable medical benefits to Executive and his spouse in the form of COBRA benefits, supplemental policies to any applicable Medicare policy and/or reimbursement of out-of-pocket co-insurance and deductible payments made by Executive. Additionally, Executive shall not be entitled to participate in the Company’s medical benefit plans or to otherwise receive medical benefits as provided herein during such time that Executive is offered the right to participate in medical benefit plans of any future employer. Executive shall be responsible for the payment of the taxes, if any, owed on imputed income attributable to his receipt of the medical benefits to be provided herein.
Extension of Medical Benefits. The following phrase shall be added between the term “Effective Date” and the word “for” in clauses 4.3.2(i) and (ii): “, (which includes a lifetime maximum payment of not less than $5,000,000)” and the following sentence shall be added as the new last sentence of Section 4.3.2: “Reimbursement of such medical and dental expenses shall be made on or before the last day of the year following the year in which such expenses were incurred.”
Extension of Medical Benefits. In the CSEA and LCMSD Memorandum of Understanding Effects of Layoff dated April 2, 2019, it states: “For bargaining unit members who received health benefits prior to layoff, the District shall continue to pay its maximum contribution toward the cost of coverage for District-sponsored medical, dental and vision plans cap through June 30, 2020 and shall thereafter be offered COBRA benefits.” Due to the COVID-19 pandemic, current LCMSD employees who were subject to the conditions above shall have the District pay its maximum contribution toward the cost of coverage for District-sponsored medical, dental and vision plans through June 30, 2021 and shall thereafter be offered COBRA benefits. This does not extend to new hires in the campus support classification. The parties will negotiate any further extensions of these benefits beyond the 2020-21 school year. Classified employees who are scheduled to work two (2) student free days annually, shall have those days scheduled on August 18, 2020 and October 16, 2020. Additionally, bargaining unit members who are not scheduled to be at work from 8:00-12:00 on August 13, 2020 or from 8:00-12:00 August 14, 2020 may report to staff professional development for additional pay at their hourly rate. Staff development on August 13 and 14, 2020 will be recorded for bargaining unit members who cannot participate in the live sessions.
Extension of Medical Benefits. The following sentence shall be added as the new last sentence of Section 4.3.2: “Reimbursement of such medical and dental expenses shall be made on or before the last day of the year following the year in which such expenses were incurred.”
