GROUP INSURANCE COVERAGES Sample Clauses

GROUP INSURANCE COVERAGES. The foregoing group insurance coverages will be continued under circumstances of disability, lay-off, approved leave of absence and retirement to the extent specified in the following sections.
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GROUP INSURANCE COVERAGES. The employer shall pay the maximum hard cap annual amounts towards the total cost of the below Medical plan designs, which are inclusive of medical premium and a Health Savings Account (HSA) funding described below for each plan year. These employer paid amounts shall adjust annually at the beginning of each plan year, to the maximum payment permitted by Section 3 of the Publicly Funded Health Insurance Contribution Act. The employee’s premium contribution will be payroll deducted, in equal installments over 21 pays for School Year employees and in 24 pays for Full Year employees, from the employee’s paycheck through a qualified Section 125 Plan and, as such, will not be subject to withholding. The employer’s “qualified Section 125 Plan” shall include any and all of the provisions necessary for pre-tax contributions to employee’s HSA accounts. Employees may contribute, through payroll deduction and electronic transfer additional money towards their HSA up to the maximum amounts allowed by Federal law. For 2019, the district will prefund the HSA deductible. Fifty percent (50%) of the HSA contributions will be paid during the first pay in January and June. The Board will fully fund all non-health (ancillary) insurance benefits. For 2020 and following years, the HSA deductible is the responsibility of the employee. In the event the premium for a sponsored plan under this article falls below the statutory hard cap, the employer will deposit the difference between the statutory hard cap and the premium as a lump sum payment on the first regular business day after January 1st of the applicable plan year.
GROUP INSURANCE COVERAGES. The Bank and Company will maintain for Executive, on the same basis (including any required employee premium contribution) as made available to active employees of the Bank, continued coverage under the Bank's group insurance programs (i.e. health, dental, group life, dependent life, personal accident insurance and group long-term disability insurance) for the thirty-six (36) month period for which resignation payments are made; provided, that coverage under the Bank's group programs will end at such earlier time as Executive may obtain employment which provides him with coverage under comparable programs of another employer. If Executive fails to obtain employment providing comparable coverages prior to expiration of such thirty-six (36) month period, Executive may continue coverage under the Bank or Company's group health and dental insurance programs for up to an additional eighteen (18) months at his expense as calculated by the Bank or Company. In addition to group life insurance coverage, the Bank or Company has paid the 2003 premium on a $150,000 face value insurance policy on Executive's life and will also pay the premiums as they come due for such policy in 2004 and 2005, after which the Bank will transfer the policy to Executive. The Bank or Company has also paid the 2003 premium on an executive disability policy and will also pay the premiums as they come due for such policy in 2004 and 2005, after which the policy shall become Executive' responsibility to continue if he so chooses (any amounts received by Executive under said disability policy will be credited for disability obligation offset purposes against the Bank's obligations under Section 1 above).
GROUP INSURANCE COVERAGES. Effective January 1, 2017 the following benefits will be available to employees as per the updated Group Plan booklet. An updated benefit booklet outlining the details of this benefit program will be issued to each employee prior to the active date and updated as necessary.

Related to GROUP INSURANCE COVERAGES

  • Insurance Coverages The Contractor shall procure and maintain, at its sole cost and expense, in a form and content satisfactory to City, during the entire term of this Agreement including any extension thereof, the following policies of insurance which shall cover all elected and appointed officers, employees and agents of City:

  • Insurance Coverage The Company and each Subsidiary maintains in full force and effect insurance coverage that is customary for comparably situated companies for the business being conducted and properties owned or leased by the Company and each Subsidiary, and the Company reasonably believes such insurance coverage to be adequate against all liabilities, claims and risks against which it is customary for comparably situated companies to insure.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by the Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below, or on a facultative basis, subject to the requirements set forth in Section B below, or on a facultative obligatory basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B.

  • Group Insurance 38.01 The Group Insurance Plan presently in effect shall remain in effect during the term of this Agreement.

  • Certificate of Insurer – Insurance Coverage Concurrently with any delivery of financial statements under Section 8.01(a), a certificate of insurance coverage from each insurer with respect to the insurance required by Section 8.07, in form and substance satisfactory to the Administrative Agent, and, if requested by the Administrative Agent or any Lender, all copies of the applicable policies.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Maintenance of Insurance Coverage Each party agrees to maintain throughout the term of this Agreement professional liability insurance coverage of the type and amount reasonably customary in its industry. Upon request, a party shall furnish the other party with pertinent information concerning the professional liability insurance coverage that it maintains. Such information shall include the identity of the insurance carrier(s), coverage levels, and deductible amounts.

  • Coverage i) It is expected that both job sharers will cover each other's incidental illnesses. If, because of unavoidable circumstances, one cannot cover the other, the unit supervisor must be notified to book coverage. Job sharers are not required to cover for their partner in the case of prolonged or extended absences.

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