Health and Life Insurance Benefits. If a Change in Control or Corporate Transaction occurs prior to the Employment Contract Termination Date, then the Employee will be entitled to Company-paid contributions for health and life insurance premiums for the greater of six months or the number of months between the Employment Final Termination Date and the first anniversary of the Change in Control or Corporate Transaction.
Health and Life Insurance Benefits. The Company agrees to maintain, for a period of twelve (12) months following the date of the occurrence of a Termination Event, the Executive's eligibility for and participation in any health and life insurance plans ("Insurance Benefits"), in which the Executive was eligible to participate prior to the Termination Event and upon the same basis and cost as prior to the Termination Event, provided however, that if, for any reason, the Company is unable to continue the Executive's participation in any such plan, the Company shall cause the Executive to be eligible to participate in a substantially equivalent arrangement upon substantially the same basis and cost as prior to the Termination Event. Notwithstanding any other provision of this Agreement to the contrary, if in connection with the termination of the Executive's employment for any reason the Company is obligated by law or by contract (including any employment or severance agreement other than this Agreement) or by Company plan or policy to provide the Executive with life or health insurance after the Executive's termination (or a cash payment in lieu thereof), then any Insurance Benefits hereunder shall be reduced by the amount of any payments and similar benefits described above, as applicable.
Health and Life Insurance Benefits. EMPLOYEE is eligible to enroll in the medical, prescription, vision and dental health insurance plan. COUNTY agrees to pay 75% of the premium for enrollment in the County Health Insurance Plan. Enrollment in the County Health Insurance Plan includes $50,000 Life Insurance and $5,000 Accidental Death and Dismemberment Insurance. The contributions to health insurance premiums may be increased in an amount necessary to pay for “health care industry cost trends” as determined by the health system actuary, utilizing the same share-of-cost ratio.
Health and Life Insurance Benefits. The Company shall provide Employee with health insurance. In addition, the Company shall provide the following life insurance policies on the life of the Employee:
Health and Life Insurance Benefits. The Company agrees to maintain, for a period of eighteen (18) months following the date of the occurrence of the Termination Event, the Executive's eligibility for and participation in any health and life insurance plans, in which the Executive was eligible to participate prior to the Termination Event and upon the same basis and cost as prior to the Termination Event.
Health and Life Insurance Benefits. Section 1. The City will provide all full-time employee(s) covered by this Agreement health care coverage (medical, Rx, dental, vision) and other related health insurance benefits under the same terms and conditions as provided to non-bargaining employees of the City. Cost containment measures may be adopted by the Employer in consideration of projected costs, market availability of coverage(s), utilization, options available to it under and compliant with the requirements of the Patient Protection and Affordable Care Act and the Health Care Education Reconciliation Act of 2010, hereafter “Affordable Care Act” or “ACA.” The City will meet and confer with the Unions (all recognized bargaining units) regarding costs and levels of coverage, but the City will make the final determination if a consensus is not reached.
Health and Life Insurance Benefits. All regular full-time employees and their eligible dependents shall be eligible to participate in the City's Group Health Insurance Plan subject to insurability requirements at no cost until a renegotiation of this Article is requested and agreed to. All regular part-time employees of the City hired in positions budgeted for at least 20 hours per week but less than 40 hours per week subject to insurability requirements may, at the employees' option, be covered by the group policy but shall pay one-half of the monthly premiums for said coverage. The City reserves the rights to amend, modify, suspend, or terminate the Group Health Insurance Plan provided by the City. The City will make its best effort to provide for an equally comparable continued Health Insurance Plan for employees and their eligible dependents. It is mutually agreed that either party may give written notice to the other party that they desire to meet and confer regarding the Health and Life Insurance Benefits Article of this Agreement. Once a party gives written notice of its intent to meet and confer regarding this Article the parties will meet as soon as reasonably possible. In the event the parties agree on new terms of this Article, those terms shall be reduced to writing and shall supersede this Article. Upon hire or at request, each employee will be provided a copy of this policy/coverage plan.
Health and Life Insurance Benefits. The medical, dental, and vision benefit plan components shall remain unchanged for the duration of the Agreement, except as noted in this Article as related to federal healthcare legislation. Thereafter, for the duration of the Agreement, any subsequent changes to the Plans shall be negotiated. FINAL DRAFT If it is determined that a federal excise tax must be imposed upon the City because of healthcare costs, the Employer will provide written notice to the Union. The parties recognize the City may need to make benefit plan changes as are reasonably necessary to comply with the provisions of the federal healthcare initiative. Changes may include those intended to avoid the incurring of any federal excise tax liability imposed on the City under a federal healthcare initiative.
Health and Life Insurance Benefits. During the Post-Retirement Benefit Term and thereafter, you will be eligible to participate in the medical, dental and vision insurance plans that are made available from time to time by the Company through the Virginia Bankers Association to its eligible retired employees. The Company will pay you an annual stipend in April of 2017 for the first nine months, January of 2018 for the next twelve months, and January of 2019 for the final three months of the Post-Retirement Benefit Term towards the cost of these benefits. The cost will be based on the flex credit amount you would have received if you had remained an active executive employee of the Company and were enrolled in similar benefits offered to eligible active executive employees. Any incremental cost of the plans will be assumed by you. After the Post-Retirement Benefit Term, the Company will reimburse you for the cost of the Medigap coverage with coverage limits currently offered through the Virginia Bankers Association and the Hartford Group (currently costing $262.82 per month for the 2016 Plan Year) for you and your spouse (when she reaches age 65 and becomes eligible for Medicare) for a period of ten years beginning immediately after the end of the Post-Retirement Benefit Term. If the Virginia Bankers Association no longer offers Medigap coverage, the Company will reimburse you for the cost of such coverage that you obtain, subject to customary coverage benefits and limits, for the balance of the ten year coverage period.
Health and Life Insurance Benefits. Section 1. The Employer shall provide all eligible employees covered by this Agreement with a group Medical Plan. The Xxxxx County Commissioners Health Insurance Plan is incorporated by reference into this Agreement as if fully written herein. The Employer shall maintain a Health Insurance package as close to current insurance as practical for bargaining unit members and their families during the term of this Article. The Employer retains the right to change the carrier or network but not reduce the benefit levels during the term of this Article.
