Fringe Benefit Continuation Sample Clauses

Fringe Benefit Continuation. The insurance premiums provided under the terms of Article XI, Paragraph E. above shall be paid for professional personnel on leave under this Article XI as follows:
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Fringe Benefit Continuation. The District shall notify all bargaining unit members and families covered by the District's health and welfare benefit plans, of the right to continuation of benefits, subject to the restrictions of the Consolidated Omnibus Budget Reconciliation Act (COBRA; Public Law PL 99- 272, Title X), by paying the applicable premiums to the District.
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Fringe Benefit Continuation. The insurance premiums provided under Article VIII for teachers on leave under Paragraph I. above shall be paid for each calendar month during which the teacher is actively employed plus the following month. An additional month's premium will be paid for each two (2) months taught during that current school year. Anyone teaching through February will receive fully paid fringes through August 31 of that year. Such premiums shall be continued for the period of any leave under C. above, up to a maximum of three (3) calendar years.
Sample 1
Fringe Benefit Continuation. Employee’s eligibility to participate in Employer’s employee benefit plans (including without limitation its 401(k), group life, FSA(s), STD and LTD coverage) will terminate on the Separation Date except that participation in Employer’s Medical, Dental and Vision coverage will terminate on May 31, 2014, at which time Employee will be eligible for continued health insurance coverage, in conformity with the Consolidated Omnibus Budget Reconciliation Act (“COBRA”). If Employee or his COBRA qualified beneficiaries elect COBRA, Employer will pay for the monthly premiums for such coverage during the twelve-month period beginning on the next applicable payment date following the Separation Date (the “Continuation Period”) or until the expiration of Employee’s or his COBRA qualified beneficiaries’, as applicable, rights under COBRA, if earlier. For purposes of clarity, the COBRA benefits provided pursuant to this paragraph will run concurrently with any period of COBRA coverage Employee and his COBRA qualified beneficiaries may be entitled to receive under applicable law and the applicable benefit plans, determined without regard to this paragraph. This provision is not intended in any manner to affect the rights of Employee or his COBRA qualified beneficiaries to continuing COBRA coverage following the Continuation Period under the applicable benefit plans. Employee and his COBRA qualified beneficiaries may be eligible, pursuant to the terms of COBRA and the applicable benefit plans, for additional continuation coverage at their sole expense for any remaining period during which they may be entitled to COBRA after the Continuation Period.
Sample 1

Related to Fringe Benefit Continuation

  • Benefit Continuation You and your then eligible dependents shall continue to be covered by and participate in the group health and dental care plans (collectively, “Health Plans”) of the Company (at the Company’s cost) in which you participated, or were eligible to participate, immediately prior to the Date of Termination through the end of the Benefit Continuation Period; provided, however, that any medical or dental welfare benefit otherwise receivable by you hereunder shall be reduced to the extent that you become covered under a group health or dental care plan providing comparable medical and health benefits. You shall be eligible to participate in such Health Plans on terms that are at least as favorable as those in effect immediately prior to the Date of Termination. However, in the event that the terms of the Company’s Health Plans do not permit you to participate in those plans (other than pursuant to an election under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”)), in lieu of your and your eligible dependent’s coverage and participation under the Company’s Health Plans, the Company shall pay to you within fifteen (15) calendar days after the effective date of the Waiver and Release a lump sum equal to two (2) times your monthly COBRA premium amount for the number of months remaining in the Benefit Continuation Period. In addition, for the purposes of coverage under COBRA, your COBRA event date will be the date of loss of coverage described in this paragraph above.

  • Fringe Benefits During the Employment Period, the Executive shall be entitled to fringe benefits, including, without limitation, tax and financial planning services, payment of club dues, and, if applicable, use of an automobile and payment of related expenses, in accordance with the most favorable plans, practices, programs and policies of the Company and its affiliated companies in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

  • Benefits Continuation (a) For leaves taken pursuant to Clauses 26.01, 26.02, and 26.07, the Employer shall maintain coverage for medical, extended health, dental, group life and long term disability, and shall pay the Employer's share of these premiums.

  • Welfare Benefits Subject to the terms and conditions of this Agreement, for a period of twelve (12) months following the date of Involuntary Termination (and an additional twelve (12) months if the Executive provides consulting services under Section 14(f) hereof), the Executive and his dependents shall be provided with life, disability, accident and group medical benefits which are substantially similar to those provided to the Executive and his dependents immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Without limiting the generality of the foregoing, the continuing benefits described in the preceding sentence shall be provided on substantially the same terms and conditions and at the same cost to the Executive as in effect immediately prior to the date of Involuntary Termination or the Change in Control Date, whichever is more favorable to the Executive. Such benefits shall be provided in a manner that complies with Treasury Regulation Section 1.409A-1(a)(5). Notwithstanding the foregoing, if Sempra Energy determines in its sole discretion that the portion of the foregoing continuing benefits that constitute group medical benefits cannot be provided without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act) or that the provision of such group medical benefits under this Agreement would subject Sempra Energy or any of its Affiliates to a material tax or penalty, (i) the Executive shall be provided, in lieu thereof, with a taxable monthly payment in an amount equal to the monthly premium that the Executive would be required to pay to continue the Executive’s and his covered dependents’ group medical benefit coverages under COBRA as then in effect (which amount shall be based on the premiums for the first month of COBRA coverage) or (ii) Sempra Energy shall have the authority to amend the Agreement to the limited extent reasonably necessary to avoid such violation of law or tax or penalty and shall use all reasonable efforts to provide the Executive with a comparable benefit that does not violate applicable law or subject Sempra Energy or any of its Affiliates to such tax or penalty.

  • Salary Continuation If the Executive becomes totally disabled during the term of this Agreement, his full salary shall be continued for 360 days from the date of the disabling injury or onset of the disability illness.

  • Other Fringe Benefits During the Employment Period, Executive shall be entitled to receive such of the Company’s other fringe benefits as are being provided to other Executives of the Company on the Senior Executive Team.

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