HEALTH AND BENEFIT PLANS. Employee shall be eligible to participate in such medical, dental, disability, life insurance and other benefit plans as may be maintained by the Company from time to time, on the terms and conditions set forth in such plans.
HEALTH AND BENEFIT PLANS. Eligibility
HEALTH AND BENEFIT PLANS. (a) Full-time employees will be eligible for coverage from the first day of employment, subject to Plan coverage waiting periods. Term employees appointed for a term of six months or more will be eligible for coverage after the conclusion of the initial six-month period, subject to Plan coverage waiting periods. Seasonal employees are not eligible for health and benefit plan coverage. The Authority will pay of the premium costs for the coverage specified below to provide the following insurance benefits:
HEALTH AND BENEFIT PLANS. The Employer will maintain a Health and Benefit Plan and any changes to the Plan will be carried out after meaningful consultation between the and the Union. ARTICLE
HEALTH AND BENEFIT PLANS. .01 The Company will use the best efforts to maintain the overall value of the Extended Health & Dental Benefits plan (Sun Life Financial Contract 4088, effective January 1, 2013) during the period of this Agreement. The Company agrees not to amend the plans or premium cost sharing formula unless mutually agreed to by the Union and the Company.
HEALTH AND BENEFIT PLANS. 16.00 (a) The Corporation agrees to pay for full time employees after thirty (30) days and eligible dependents one hundred percent (100%) of the premium for benefits as currently and more particularly described in the Plan booklet with a $10/$20 deductible for: • Vision Care (every 24 months) $390.00 January 1, 2011, $400.00 effective January 1, 2013 • Private Hospitalization • Paramedical – January 1, 2011 $465.00 per individual per benefit year per practitioner, effective January 1, 2013 $475.00 per individual per benefit year per practitioner, maximum $55.00 per visit. Coverage commences from the first dollar. • Nursing Care - $5,000.00 per individual per benefit year • Hearing Aids - $400.00 per individual in each 5 year period The Corporation agrees to pay for full time employees and probationary employees after thirty (30) days and eligible dependents one hundred percent (100%) of the premium for a zero deductible for Pay Direct Drug Cards for prescription drugs, with a maximum dispensing fee of $8.50.
HEALTH AND BENEFIT PLANS. 16.00 (a) The Corporation agrees to pay for full time employees after thirty (30) days and eligible dependents one hundred percent (100%) of the premium for benefits as currently and more particularly described in the Plan booklet with a $10/$20 deductible for: • Vision Care (every 24 months) $420.00 effective date of ratification • Private Hospitalization • Paramedical –$500.00 per individual per benefit year per practitioner, maximum $55.00 per visit. Coverage commences from the first dollar. • Nursing Care - $5,000.00 per individual per benefit year • Hearing Aids - $400.00 per individual in each 5 year period The Corporation agrees to pay for full time employees and probationary employees after thirty (30) days and eligible dependents one hundred percent (100%) of the premium for a zero deductible for Pay Direct Drug Cards for prescription drugs, with a maximum dispensing fee of $8.50.
HEALTH AND BENEFIT PLANS. (a) Seller agrees, at Closing, to terminate all of the Continuing Employees and Buyer agrees, at Closing, to offer employment to all of the Continuing Employees. In addition, in connection with the employment of such Continuing Employees, Buyer agrees that, during the Earn-Out Period, Continuing Employees will be paid a salary and other monetary compensation as a result of such employment that is at least identical to that paid to them by Seller prior to Closing, except that Buyer shall have no obligation to pay any bonuses to the Continuing Employees on the basis of their 2014 employment by Seller. It is further understood that such compensation shall be included as 360 Division expenses in calculating Adjusted EBITDA for the Earn-Out. Within ten (10) Business Days following the Closing Date, the Continuing Employees as listed on Schedule 3.19(a) (provided such Continuing Employees are employed by Seller on the Closing Date) shall be covered as of the Closing Date by the employee benefit plans, programs, and policies established or maintained by Buyer applicable to similarly situated employees of Buyer (the “Buyer’s Plans”). After the transition to the Buyer’s Plans, Buyer agrees to maintain availability of coverage under the Buyer’s Plans for Continuing Employees (so long as such Continuing Employee is employed by Buyer) on the same basis and terms and conditions as for similarly situated employees of Buyer. Nothing contained in this Agreement (including, without limitation, this ARTICLE VII) shall (i) amend, or be deemed to amend, any of Buyer’s Plans, (ii) provide any person not a party to this Agreement with any right, benefit or remedy with regard to any of Buyer’s Plans or a right to enforce any provision of this Agreement, or (iii) limit in any way Buyer’s ability to amend or terminate any of Buyer’s Plans, at any time.
HEALTH AND BENEFIT PLANS. (a) Within ten (10) Business Days following the Closing Date, the Continuing Employees as listed on Schedule 7.1 (provided such Continuing Employees are employed by the Buyer or Company on the Closing Date) shall be covered by the employee benefit plans, programs, and policies established or maintained by the Buyer applicable to similarly situated employees of the Buyer (the “Buyer’s Plans”); provided that such Continuing Employees shall not be eligible to be covered by Buyer’s 401(k) plan until January 1, 2009. After the transition to the Buyer’s Plans, Buyer agrees to maintain availability of coverage under the Buyer’s Plans for Continuing Employees (so long as such Continuing Employee is employed by the Buyer or the Company) on the same basis and terms and conditions as for similarly situated employees of the Buyer. Nothing contained in this Agreement (including, without limitation, this Article VII) shall (i) amend, or be deemed to amend, any of Buyer’s Plans, (ii) provide any person not a party to this Agreement with any right, benefit or remedy with regard to any of Buyer’s Plans or a right to enforce any provision of this Agreement, or (iii) limit in any way Buyer’s ability to amend or terminate any of Buyer’s Plans, at any time.
HEALTH AND BENEFIT PLANS. (a) Within ten (10) Business Days following the Closing Date, the Continuing Employees as listed on Schedule 7.1 (provided such Continuing Employees are then employed by Buyer or Company) shall be covered by the employee benefit plans, programs, and policies established or maintained by Buyer applicable to similarly situated employees of Buyer (the “Buyer’s Plans”). Until the Continuing Employees have been transitioned to Buyer’s Plans, Buyer shall cause Abacus to maintain the employee benefit plans, programs and policies of Abacus existing on the Closing Date for the benefit of the Continuing Employees (the “Company’s Plans”). After the transition from Abacus’s Plans to Buyer’s Plans, Buyer agrees to maintain availability of coverage under Buyer’s Plans for Continuing Employees (so long as such Continuing Employee is employed by Buyer or Abacus) on the same basis and terms and conditions as for similarly situated employees of Buyer. Subject to the immediately preceding sentence, nothing contained in this Section 7.1 shall obligate or commit Buyer to continue Buyer’s Plans after the Closing Date or to maintain in effect any such plan or any level or type of benefits.
