Group Welfare Benefits Clause Samples
The Group Welfare Benefits clause defines the terms under which employees are provided with collective benefits such as health insurance, retirement plans, or other welfare-related programs. Typically, this clause outlines eligibility requirements, the scope of benefits offered, and the employer's and employees' respective contributions or responsibilities. For example, it may specify that all full-time employees are automatically enrolled in a company-sponsored health plan, with premiums partially covered by the employer. The core function of this clause is to ensure that employees are informed about their entitlements to group welfare benefits and to establish clear guidelines for participation and administration, thereby promoting transparency and consistency in employee benefits management.
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Group Welfare Benefits. During the period of the Executive’s employment under the terms of this Agreement, the Executive shall be eligible to participate in the group health and welfare benefits plans and programs which are maintained by the Company for exempt salaried employees employed at the Company’s Buffalo, New York corporate offices. Notwithstanding the foregoing, the Company shall have no obligation to maintain or provide such group welfare benefits to the Executive unless the Executive pays to the Company, on a monthly basis, the employee portion of any costs associated with the maintenance and provision of such benefits by the Company to exempt salaried employees employed by the Company at its Buffalo, New York corporate offices. In addition, during the period of the Executive’s employment under the terms of this Agreement, the Executive shall be eligible to participate in the group health and welfare plans and programs maintained by the Company for its executive officers.
Group Welfare Benefits. During the period of the Executive's employment under the terms of this Agreement, the Executive shall be eligible to participate in the group health and welfare benefits plans and programs which are maintained by the Company for exempt salaried employees employed at the Company’s corporate offices. Notwithstanding the foregoing, the Company shall have no obligation to maintain or provide such group welfare benefits to the Executive unless the Executive pays to the Company, on a monthly basis, the employee portion of any costs associated with the maintenance and provision of such benefits by the Company, such costs to be determined on the same basis as for other plan participants who are employed by the Company at the Company’s corporate headquarters. In addition, during the period of the Executive’s employment under the terms of this Agreement, the Executive shall be eligible to participate in the group health and welfare plans and programs on the same basis as may be provided or maintained by the Company for its executive officers.
Group Welfare Benefits. For as long as the Executive remains an employee of the Company, the Executive shall, in addition to his right to receive the Transitional Group Medical Benefit, be eligible to participate in any other group health and welfare benefits plans and programs which are maintained by the Company for exempt salaried employees employed at the Company’s corporate offices. Notwithstanding the foregoing, the Company shall have no obligation to maintain or provide such group welfare benefits to the Executive unless the Executive pays to the Company, on a monthly basis, the employee portion of any costs associated with the maintenance and provision of such benefits by the Company, which such costs shall be determined on the same basis as for other plan participants who are employed by the Company at the Company’s corporate headquarters. In addition, during the period of the Executive’s employment under the terms of this Agreement, the Executive shall be eligible to participate in the group health and welfare plans and programs on the same basis as may be provided or maintained by the Company for its executive officers.
Group Welfare Benefits. During the period of the Executive's employment under the terms of this Agreement, the Executive shall be eligible to participate in the ▇▇▇▇ ▇▇ Industries, Inc. and Subsidiaries Group Welfare Benefit Program as applicable to Dayco Salaried Employees (hereinafter the "Flex Choice Plan"). As provided for by the terms of the Flex Choice Plan, the Executive shall be entitled to elect to receive one or more of the following benefits under the terms of the group welfare benefit programs which are contained within the Flex Choice Plan and available to Dayco Salaried Employees:
(a) group medical insurance type coverage under the Dayco Medical Plan; (b) dental insurance coverage; (c) employee life insurance coverage; (d) accidental death and dismemberment insurance coverage; (e) dependent life insurance coverage; (f) long term disability insurance coverage; (g) health care spending account benefits; and (h) dependent care spending account benefits. In the event that the Flex Choice Plan is amended during the term of this Agreement to increase or reduce the number or type of group welfare benefit programs available to Dayco Salaried Employees, the Executive shall be entitled to elect to receive one or more of the new group welfare benefit programs which are available under the terms of the Flex Choice Plan. Notwithstanding the foregoing, the Corporations shall have no obligation to maintain or provide any such group welfare benefits to the Executive unless the Executive pays to Dayco, on a monthly basis, the Employee Portion of any costs associated with the maintenance and provision of such group welfare benefits to the same extent that such Employee Portion is paid by all other Dayco Salaried Employees and determined, from time to time, under the provisions of the Flex Choice Plan. The Corporations shall also pay all premiums necessary to maintain a business travel accident insurance policy for the Executive with coverage and benefits which are at least reasonably comparable to the business travel accident insurance coverage in effect for the Executive as of the date of this Agreement.
Group Welfare Benefits. Kumar shall continue to be enrolled in the Company’s group medical, dental, and life insurance plans through June 30, 2011. Once the Company-paid coverage ends, continued group health plan coverage for Kumar and Kumar’s spouse and/or covered dependents, may also be available at Kumar expense under the terms and conditions specified in the Consolidated Omnibus Budget Reconciliation Act (“COBRA”).