Common use of Group Medical Plan Clause in Contracts

Group Medical Plan. During the Term of this Agreement, Employer shall either cause Employee to be included in any Company group medical plan or shall reimburse Employee for the reasonable cost of Employee’s own medical insurance, if applicable, as of the Effective Date of this Agreement. If it is not practical for the Employee to participate in the Company’s group medical plan, for example due to the Employee’s geographical location not being covered by the Company’s group medical plan, the Employee shall be reimbursed for his/her cost of insurance, so long as the cost is reasonable and not materially different. Special consideration is applicable for each Employee who is currently covered by Medicare and cannot participate in the Company’s group medical plan. Such a Medicare-covered Employee shall be reimbursed for the monthly cost of any Medicare Advantage or Medicare Supplement Plan and Medicare approved individual drug plan in which such Employee is enrolled.

Appears in 4 contracts

Samples: Employment Agreement (ECO Integrated Technologies, Inc.), Employment Agreement (ECO Integrated Technologies, Inc.), Employment Agreement (ECO Integrated Technologies, Inc.)

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