GENERAL BENEFIT PROVISIONS Sample Clauses

GENERAL BENEFIT PROVISIONS. Except to the extent necessary to avoid duplication of benefits, Purchaser will: (i) give each Transferring Employee full credit for such person’s service with Sellers and their Affiliates to the same extent recognized immediately prior to the Closing for purposes of eligibility and vesting (but not for purposes of determining the accrued benefit) under any employee benefit plans or arrangements maintained by Purchaser, in which such Transferring Employee is eligible or thereafter becomes eligible to participate, and (ii) waive all limitations as to pre-existing conditions, exclusions and waiting periods with respect to participation and coverage requirements applicable to the Transferring Employees under any welfare plan that such persons may be eligible to participate in, other than limitations or waiting periods that are already in effect with respect to such persons.
Sample 1
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GENERAL BENEFIT PROVISIONS. The lifetime maximum medical benefit is $1,000,000. . Mandatory utilization review will be instituted for a variety of in-patient and out-patient services. Employees who fail to receive the appropriate pre-authorization for these services will receive a fifty percent (50%) penalty, in lieu of the stated reimbursement. . All benefits are subject to the deductible and/or co-pay plus percentage, thereby eliminating any first dollar coverage. . The Nevada Power Company Self-Funded Medical Benefit Plan will pay benefits only to the percentage of coverage under its plan. It will not provide reimbursement beyond the stated coverage in this plan, if it is the secondary provider to another group health plan. . An orthodontic benefit of $1,500 is provided. . A dental PPO is established. . A hearing aid benefit of $500 every five (5) years is for the employee only. DEPENDENT CARE ACCOUNT: The Company will continue its flexible ---------------------- spending account program that allows pre-tax funding of dependent care and child care expenses.
Sample 1
GENERAL BENEFIT PROVISIONS. The lifetime maximum medical benefit is no less than $1,000,000. . Mandatory utilization review will be instituted for a variety of in-patient and out-patient services. Employees who fail to receive the appropriate pre-authorization for these services will receive a fifty percent (50%) penalty, in lieu of the stated reimbursement. . All benefits are subject to the deductible and/or co-pay plus percentage, thereby eliminating any first dollar coverage. . An orthodontic benefit of $1,500 is provided. . A dental PPO is established. . A hearing aid benefit of $500 every five (5) years is for the employee only. Mid Level and HMO OPTIONS: ------------------------- The Company will continue to permit employees to select between health care plan options offered in Tier One except for the NPC Self-Funded Plan: Mid Level Plan Option: This option will provide an employer premium that is between the highest level plan and the HMO offered option. Open enrollment period will take place as of August 1, 1998 and every 12 months thereafter.
Sample 1
GENERAL BENEFIT PROVISIONS page S-3.04 Extended Health Benefit has been revised. Please review attached replacement pages for new benefit description.
Sample 1
GENERAL BENEFIT PROVISIONS page S-3.02 I. M. Xxxxxxx Xxxxxx-Xxxx Xxxxxx Secretary President And Chief Executive Officer Acknowledging receipt of this amendment on behalf of the Policyholder on this day of 20 . Authorized Officer of the Policyholder Title The master policy, issued by Medavie Blue Cross, is hereby amended as follows: The following replacement page(s) is/are included with this amendment: This amendment forms part of the contract between Medavie Inc., operating under the business name Medavie Blue Cross and the Policyholder and should be filed with the group policy. Except as provided in this amendment, all other terms, provisions and conditions of the contract remain in effect. Payment of subscriber dues beginning on or after the effective date of this amendment shall constitute acceptance of this amendment by the Policyholder. Signed for Medavie Inc. at Moncton, New Brunswick this 16th day of March 2005. I. M. Xxxxxxx Xxxxxx-Xxxx Xxxxxx Secretary President And Chief Executive Officer Acknowledging receipt of this amendment on behalf of the Policyholder on this day of 20 . Authorized Officer of the Policyholder Title Examined by: bcnbett The master policy, issued by Atlantic Blue Cross Care, is hereby amended as follows:
Sample 1

Related to GENERAL BENEFIT PROVISIONS

  • 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.

  • Compensation/Benefit Programs During the Term of Employment, the Executive shall be entitled to participate in all medical, dental, hospitalization, accidental death and dismemberment, disability, travel and life insurance plans, and any and all other plans as are presently and hereinafter offered by the Company to its executive personnel, including savings, pension, profit-sharing and deferred compensation plans, subject to the general eligibility and participation provisions set forth in such plans.

  • Exclusions from General Release Excluded from the Release are any claims or rights that cannot be waived by law, as well as Executive’s right to file a charge with an administrative agency or participate in any agency investigation. Executive is, however, waiving the right to recover any money in connection with a charge or investigation. Executive is also waiving the right to recover any money in connection with a charge filed by any other individual or by the Equal Employment Opportunity Commission or any other federal or state agency.

  • Older Workers Benefit Protection Act Executive agrees and expressly acknowledges that this Release includes a waiver and release of all claims which he has or may have under the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 621, et seq. (“ADEA”). The following terms and conditions apply to and are part of the waiver and release of the ADEA claims under this Release: (i) This paragraph, and this Release are written in a manner calculated to be understood by him. (ii) The waiver and release of claims under the ADEA contained in this Release does not cover rights or claims that may arise after the date on which he signs this Release. (iii) This Release provides for consideration in addition to anything of value to which he is already entitled. (iv) Executive has been advised to consult an attorney before signing this Release. (v) Executive has been granted twenty-one (21) days after he is presented with this Release to decide whether or not to sign this Release. If he executes this Release prior to the expiration of such period, he does so voluntarily and after having had the opportunity to consult with an attorney, and hereby waives the remainder of the twenty-one (21) day period. (vi) Executive has the right to revoke this general release within seven (7) days of signing this Release. In the event he does so, both this Release and the offer of benefits to him pursuant to the Employment Agreement or the Change of Control Agreement, as applicable, will be null and void in their entirety, and he will not receive any severance payments or benefits under the Employment Agreement or the Change of Control Agreement. If he wishes to revoke this Release, Executive shall deliver written notice stating his or her intent to revoke this Release to the Chairman of the Board of Directors of the Company and the Company’s Chief Executive Officer, or, if Executive is serving in such capacities as of the Termination Date, to the Chairman of the Compensation Committee of the Board of Directors of the Company, at the offices of the Company on or before 5:00 p.m. on the seventh (7th ) day after the date on which he signs this Release.

  • Public Benefits ‌ 5.1 Developer to provide Public Benefits‌ The Developer must, at its cost and risk, provide the Public Benefits to the City in accordance with this document.

  • WORKERS' COMPENSATION BENEFITS In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

  • Limitation on Benefits Notwithstanding anything to the contrary contained in this Agreement, to the extent that any of the payments and benefits provided for under this Agreement or any other agreement or arrangement between the Company and the Executive (collectively, the “Payments”) (i) constitute a “parachute payment” within the meaning of Section 280G of the Code and (ii) but for this Section 9(i), would be subject to the excise tax imposed by Section 4999 of the Code, then the Payments shall be payable either (i) in full or (ii) as to such lesser amount which would result in no portion of such Payments being subject to excise tax under Section 4999 of the Code; whichever of the foregoing amounts, taking into account the applicable federal, state and local income taxes and the excise tax imposed by Section 4999, results in the Executive’s receipt on an after-tax basis, of the greatest amount of benefits under this Agreement, notwithstanding that all or some portion of such benefits may be taxable under Section 4999 of the Code. Unless the Executive and the Company otherwise agree in writing, any determination required under this Section shall be made in writing by the Company’s independent public accountants (the “Accountants”), whose determination shall be conclusive and binding upon the Executive and the Company for all purposes. For purposes of making the calculations required by this Section, the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely in reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company and the Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section. The Company shall bear all costs the Accountants may reasonably incur in connection with any calculations contemplated by this Section. If the limitation set forth in this Section 9(i) is applied to reduce an amount payable to the Executive, and the Internal Revenue Service successfully asserts that, despite the reduction, the Executive has nonetheless received payments which are in excess of the maximum amount that could have been paid to the Executive without being subjected to any excise tax, then, unless it would be unlawful for the Company to make such a loan or similar extension of credit to the Executive, the Executive may repay such excess amount to the Company as though such amount constitutes a loan to the Executive made at the date of payment of such excess amount, bearing interest at 120% of the applicable federal rate (as determined under section 1274(d) of the Code in respect of such loan).

  • Compliance with Equal Benefits Ordinance With respect to the provision of employee benefits, Contractor shall comply with the County Ordinance which prohibits contractors from discriminating in the provision of employee benefits between an employee with a domestic partner and an employee with a spouse.

  • Death Benefits Upon the Executive’s death during the Contract Period, the Executive’s estate shall not be entitled to any further benefits under this Agreement.

  • Benefit Programs The Executive shall be eligible to participate in any plans, programs or forms of compensation or benefits that the Company or the Company’s subsidiaries provide to the class of employees that includes the Executive, on a basis not less favorable than that provided to such class of employees, including, without limitation, group medical, disability and life insurance, paid time-off, and retirement plan, subject to the terms and conditions of such plans, programs or forms of compensation or benefits.

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