Group Medical Benefits Plan Sample Clauses

Group Medical Benefits Plan. 377 Effective January 1, 2017, Employees shall have the option of participating in one of the following benefit plan options, with benefits equal to or substantially similar to those set forth in the Health Care Options Booklet. It is understood that such benefits will be provided during the Fall and Winter semesters when the individual is expected to render direct services to the Employer as provided elsewhere in this Agreement. It is also understood and agreed that such coverage will extend through the Summer term immediately following such Employee’s base academic year assignment. 378 Comparable group medical benefits and plans may be substituted for the options listed below, subject to the Union’s approval, whose approval shall not be unreasonably withheld. 379 1. Benefit Plan Options 380 a. Blue Cross and Blue Shield Community Blue Preferred Provider Organization (PPO) Plan 381 b. Blue Cross and Blue Shield Health Maintenance Organization (HMO) 382 c. Blue Cross and Blue Shield Flexible Blue High Deductible 6 Subject to the other provisions of this Agreement, Employees whose assignments are reduced to not less than 60% of a full-time load will remain eligible for all benefits provided in this Article. Employees whose assignments are reduced to less than 60% of a full-time load shall be ineligible for the benefits provided herein. Health Plan/Preferred Provider Organization Plan (HDHP/PPO) and Health Equity Health Savings Account (HSA) 383 Participants in the Blue Cross and Blue Shield Community Blue PPO plan shall be required to make the following contribution through automatic payroll withholding for the cost of such coverage: 384 Yearly Premiums for Healthcare Plan (PPO) (CY refers to calendar year beginning January 1) CY 2017 CY 2018 Single $836 $907 Two-person $1,673 $1,815 Family w/3-4 individuals $2,007 $2,178 Family Plus (>4 individuals) $2,342 $2,540 385 Participants in the Blue Cross and Blue Shield HMO plan shall be required to make the following contributions through automatic payroll withholding to the cost of such coverage: 386 Yearly Premiums for Healthcare Plan (HMO) (CY refers to calendar year beginning January 1) CY 2017 CY 2018 Single $196 $223 Two-person $391 $445 Family w/ 3-4 individuals $488 $556 Family Plus (>4 individuals) $587 $669 387 Participants in the Blue Cross and Blue Shield HSA Plan shall be required to make the following contributions through automatic payroll withholding to the cost of such coverage: 388 Yearly Premi...
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Group Medical Benefits Plan. 395 Effective January 1, 2019, Employees shall have the option of participating in one of the following benefit plan options, with benefits equal to or substantially similar to those set forth in the Health Care Options Booklet. It is understood that such benefits will be provided during the Fall and Winter semesters when the individual is expected to render direct services to the Employer as provided elsewhere in this Agreement. It is also understood and agreed that such coverage will extend through the Summer term immediately following such Employee’s base academic year assignment. 396 Comparable group medical benefits and plans may be substituted for the options listed below, subject to the Union’s approval, whose approval shall not be unreasonably withheld. 397 1. Benefit Plan Options 398 a. Blue Cross and Blue Shield Community Blue Preferred Provider Organization (PPO) Plan 399 b. Blue Cross and Blue Shield Health Maintenance Organization (HMO) 400 c. Blue Cross and Blue Shield Flexible Blue High Deductible Health Plan/Preferred Provider Organization Plan (HDHP/PPO) and Health Equity Health Savings Account (HSA) 401 Participants in the Blue Cross and Blue Shield Community Blue PPO plan shall be required to make the following contribution through automatic payroll withholding for the cost of such coverage: 402 Yearly Premiums for Healthcare Plan (PPO) (CY refers to calendar year beginning January 1)
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Group Medical Benefits Plan. 872 Commencing with their actual first day of work, Faculty Members shall be provided one of the following benefit plan options. 873 Comparable group medical benefits and plans may be substituted for the options listed below, subject to the Association’ approval, whose approval shall not be unreasonably withheld. 874 1. Benefit Plan Options 875 a. Blue Cross and Blue Shield Community Blue Preferred Provider Organization (PPO) Plan 876 b. Blue Cross and Blue Shield Health Maintenance Organization (HMO) 877 c. Blue Cross and Blue Shield Health Savings Account (HSA) 878 Participants in the Blue Cross and Blue Shield Community Blue PPO plan shall be required to make the following contribution through automatic payroll withholding to the cost of such coverage: 879 Yearly Premiums for Healthcare Plans (CY refers to calendar year beginning January 1) CY 2016 CY 2017 CY2018 CY 2019 Single $770 $836 $907 $984 Two-person $1,542 $1,673 $1,815 $1,970 Family w/ 3-4 individuals $1,850 $2,007 $2,178 $2,363 Family Plus (> individuals) $2,158 $2,341 $2,540 $2,756 880 Participants in the Blue Cross and Blue Shield HMO plan shall be required to make the following contributions through automatic payroll withholding to the cost of such coverage: 881 Yearly Premiums for Healthcare Plans (CY refers to calendar year beginning January 1) CY 2016 CY 2017 CY2018 CY 2019 Single $172 $196 $223 $255 Two-person $343 $391 $445 $507 Family w/ 3-4 individuals $428 $488 $556 $633 Family Plus (> individuals) $515 $587 $669 $762 882 Participants in the Blue Cross and Blue Shield HSA Plan shall be required to make the following contributions through automatic payroll withholding to the cost of such coverage: 883 Yearly Premiums for Healthcare Plan (CY refers to calendar year beginning January 1) CY 2016 CY 2017 CY2018 CY 2019 Single $515 $587 $669 $762 Two-person $1,029 $1,173 $1,336 $1,523 Family w/ 3-4 individuals $1,286 $1,465 $1,669 $1,903 Family Plus (> individuals) $1,544 $1,759 $2,005 $2,285 884 Participants in the HSA plan will receive $500 (single) or $1,000 (two-person or family) deposited in their HSA account. 885 Spouses who have access to employer subsidized medical and dental coverage will enroll with their employer’s plan for primary coverage. Spouses may remain on the University’s plan, but as secondary insurance only. 886 EMU shall provide the Association with a copy of certificates and riders for all plans ten (10) working days prior to the open enrollment period. 887 2. Facu...
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Related to Group Medical Benefits Plan

  • 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.

  • Benefits Plans During the Employment Period, You will be eligible to participate in all benefit plans in effect for executives and employees of the Company, subject to the terms and conditions of such plans.

  • 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.

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified Plans”) (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.

  • Retiree Medical (i) The Executive shall be entitled to receive retiree medical benefits during the Executive’s lifetime in accordance with the eligibility requirements, terms and conditions, and plan offerings for access to retiree medical benefits provided generally to full-time employees of the Company. The Executive may cover the individual who is the Executive’s spouse as of the date of the Executive’s termination of employment (the “Spouse”) and/or the individuals who are the Executive’s dependent children as of the date of the Executive’s termination of employment (the “Dependents”), to the extent eligible at the time of the Executive’s retirement, according to the terms and conditions of the Company’s retiree medical benefit plan. The cost of such benefits for the Executive, the Executive’s Spouse and eligible Dependents, will be 100% of the premiums and will be reimbursed by the Company on an annual basis up to the date the Executive reaches Medicare eligibility due to age, at which point such reimbursement will cease. Such reimbursement shall be made in accordance with the Company’s reimbursement practices, and in all events no later than December 31 of the year following the year in which the premiums were incurred, and in accordance with the other requirements of Code Section 409A and Treasury Regulation §1.409A-3(i)(1)(iv) (or any similar or successor provisions). Depending on the plan, all or a portion of the reimbursement may be taxable. Such benefits shall include prescription drug coverage, but not dental or vision benefits unless included in the medical plan. (ii) Upon reaching Medicare eligibility due to age, Medicare shall become the primary payor of medical/prescription benefits for the Executive, the Executive’s Spouse or eligible Dependents as applicable, and the reimbursement of premiums for such coverage by the Company shall cease. (iii) The Company reserves the right to modify, suspend or discontinue any and all retiree medical plans, practices, policies and programs at any time without recourse by the Executive, so long as the Company takes such action generally with respect to other similarly situated officers; provided that, if the Company terminates retiree access to medical and/or prescription benefits generally for retirees, the Executive shall be entitled to an annual reimbursement from the Company upon proof of continued coverage for comparable medical and/or prescription coverage under an individual policy or other group policy, subject to a maximum total reimbursement of one and one-half (1½) times the applicable premium of the plan in effect at the time retiree access is terminated at the applicable coverage level, and subject to maximum annual inflation adjustment thereafter of five percent (5%). (iv) Upon the death of the Executive, a surviving Spouse will continue eligibility and reimbursement as described above. Surviving Dependent children will not receive premium reimbursement beyond the COBRA continuation period. For all other COBRA qualifying events other than the death of the Executive, reimbursement will cease upon commencement of the COBRA continuation period.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

  • Health & Welfare Benefits Executive shall be eligible to participate in all health and welfare benefits provided generally to other employees of the Company.

  • Salaried Employees Employees in this unit who qualify for exemption from the FLSA overtime provisions based upon duties and who are receiving the Project Manager bonus, as provided for in this MOU, shall be treated as salaried employees, in accordance with the provisions of the FLSA as identified in LAAC section 4.113(b). Salaried employees may be assigned 5/40, 4/10 9/80 or other schedules at the discretion of Management. Notwithstanding any LAAC and MOU provisions, or other City department rules and regulations to the contrary, these employees shall not be required to record specific hours of work for compensation purposes, although hours may be recorded for other purposes. These employees will be paid the predetermined salary for each biweekly pay period, as indicated in the appropriate salary appendices, and shall not receive overtime compensation. Salaried employees shall not be subject to deductions from salary or any leave banks for absences from work of less than a full workday. This provision applies to occasional partial day absences from work which are authorized by the appropriate supervisor designated by management. This provision does not apply to long-term or recurring partial day absences (e.g., intermittent leave/reduced work schedule for purposes of Family/Medical Leave). Salaried employees shall not be subject to disciplinary suspension for a period of less than a workweek (seven days; half of the biweekly pay) unless based on violations of a safety rule of major significance. This requirement shall be superseded by the revised Department of Labor FLSA regulations pertaining to disciplinary suspensions of FLSA-exempt employees on the operative date of the FLSA regulations. The appointing authority of each City department may grant time off for hours worked due to unusual situations.

  • Health and Welfare Benefits applies to full-time nurses only)

  • Retirement and Welfare Benefits During the Term, the Executive shall be eligible to participate in the Company’s health, life insurance, long-term disability, retirement and welfare benefit plans, and programs available to similarly-situated employees of the Company, pursuant to their respective terms and conditions. Nothing in this Agreement shall preclude the Company or any Affiliate (as defined below) of the Company from terminating or amending any employee benefit plan or program from time to time after the Effective Date.

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