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.
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 three (3) calendar years.
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.

Related to Fringe Benefit Continuation

  • 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.

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