Extension of Medical Benefits Sample Clauses

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:
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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.
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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.
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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.
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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.”
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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.”
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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. Student Free Days: 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.
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Related to Extension of Medical Benefits

  • Retiree Medical Benefits If Executive is or would become fifty-five (55) or older and Executive's age and service equal sixty-five (65) and Executive has at least five (5) years of service with the Company within two (2) years of Change in Control, Executive is eligible for retiree medical benefits (as such are determined immediately prior to Change in Control). Executive is eligible to commence receiving such retiree medical benefits based on the terms and conditions of the applicable plans in effect immediately prior to the Change in Control.

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

  • Compensation and General Benefits As compensation for his services under this Agreement, the Executive shall be compensated as follows:

  • Exclusive Benefits Except as expressly provided in this Section 4 and subject to Section 5 hereof, the Executive shall not be entitled to any additional payments or benefits upon or in connection with the Executive’s termination of employment.

  • EXPIRATION OF EMPLOYMENT TERM; NON-EXTENSION OF AGREEMENT Upon the expiration of the Employment Term due to a non-extension of the Agreement by the Company or the Employee pursuant to the provisions of Section 2 hereof.

  • General Benefits During the Term of Employment, the Executive shall be entitled to participate in such employee pension and welfare benefit plans and programs of the Company as are made available to the Company's senior-level executives or to its employees generally, as such plans or programs may be in effect from time to time, including, without limitation, health, medical, dental, long-term disability, travel accident and life insurance plans.

  • Additional Benefits During the term of this Agreement, the Employee shall be entitled to the following fringe benefits:

  • Continuation of Welfare Benefits For the twenty-four (24) month period immediately following the Date of Termination, the Company shall arrange to provide the Executive and his dependents life, disability, accident and health insurance benefits and other benefits and perquisites (including employee stay rates) substantially similar to those provided to the Executive and his dependents immediately prior to the Date of Termination or, if more favorable to the Executive, those provided to the Executive and his dependents immediately prior to the first occurrence of an event or circumstance constituting Good Reason, at no greater cost to the Executive than the cost to the Executive immediately prior to such date or occurrence. Benefits otherwise receivable by the Executive pursuant to this Section 6(a)(2) shall be reduced to the extent benefits of the same type are received by the Executive from another employer during the twenty-four (24) month period following the Executive's termination of employment; provided, however, that the Company shall reimburse the Executive for the excess, if any, of the cost of such benefits to the Executive over such cost immediately prior to the Date of Termination or, if more favorable to the Executive, the first occurrence of an event or circumstance constituting Good Reason.

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • Executive Benefits The Executive shall be entitled to participate in all benefit programs of the Company currently existing or hereafter made available to executives and/or other salaried employees, including, but not limited to, pension and other retirement plans, group life insurance, hospitalization, surgical and major medical coverage, sick leave, disability and salary continuation, vacation and holidays, cellular telephone and all related costs and expenses, long-term disability, and other fringe benefits.

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