Health and Welfare Benefit Plans. During the Employment Period, Executive and Executive’s immediate family shall be entitled to participate in such health and welfare benefit plans as the Employer shall maintain from time to time for the benefit of senior executive officers of the Employer and their families, on the terms and subject to the conditions set forth in such plan. Nothing in this Section shall limit the Employer’s right to change or modify or terminate any benefit plan or program as it sees fit from time to time in the normal course of business so long as it does so for all senior executives of the Employer.
Health and Welfare Benefit Plans. A. Effective January 1, 2018, NIC Employees shall be eligible to participate in the same benefit plans, programs and policies identified in the chart below by an x, with the plan terms, conditions and provisions which were in effect on July 23, 2016, as described in the applicable SPDs and SMMs, except as noted herein and in Exhibit 1. Plan/Program/Policy NIC Tier 2 Current Employees NIC Tier 2 Pre- 2011 Current Employees NIC Tier 2 New Hires NIC Tier 1 Employees AT&T Medical Program (bargained provisions) X X X X AT&T Dental Program (management provisions) X X X X AT&T Vision Program (management provisions) X X X X AT&T CarePlus – A Supplemental Benefit Program X X X X AT&T Group Life Insurance Program for Active Employees* X X X X AT&T Consolidated Long-Term Care Insurance Plan (closed to new entrants 5/1/2012) X X X X AT&T Flexible Spending Account Plan X X X X AT&T Disability Income Program for Bargained Employees X X AT&T Disability Income Program X X AT&T Leaves of Absence Policy X X X X AT&T Employee Assistance Program X X X X AT&T Commuter Benefit Policy X X X X AT&T Adoption Reimbursement Policy X X X X AT&T Voluntary Benefits Platform** X X X X *This program includes Supplemental Life Insurance and Dependent Life Insurance provisions. **The Company may unilaterally modify the AT&T Voluntary Benefits Platform from time-to-time or discontinue without further discussions with the Union.
B. NIC Employees, including newly eligible NIC Employees and Eligible Retired Employees shall continue to participate in the same benefit plans, programs and policies on the same terms and conditions which were in effect on July 23, 2016, until the benefits identified in Paragraph 1.A. above become effective, subject to changes to benefits resulting from the operation of existing plan provisions and amendments necessary due to changes in the law.
C. NIC Employees who terminate employment with the Company during the term of this Agreement and are eligible for post-retirement medical coverage under the terms of the medical program the NIC Employee was eligible for as an active NIC Employee as of the date of termination (an “Eligible Retired Employee”) will be eligible, during the term of this Agreement, for coverage under the AT&T Eligible Former Bargained Employee Medical Program (as applicable to similarly situated NIC Employees), the AT&T Eligible Former Employee Dental Program, the AT&T Eligible Former Employee Vision Program, AT&T Eligible Former Employee Group Li...
Health and Welfare Benefit Plans. During the term of Executive’s employment under this Agreement, Executive and/or Executive’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under any health and welfare benefit plans, practices, policies and programs provided by Employers, to the extent applicable generally to senior executives of Employers and subject to the terms, conditions, and eligibility requirements therefore as may be prescribed by Employers or set forth in the terms of such plans, practices, policies and programs from time to time.
Health and Welfare Benefit Plans. (i) Effective as of the Plan Transition Date, the participation of each then-active SpinCo Employee who is a participant in a Company Benefit Plan shall automatically cease and (ii) SpinCo shall or shall cause a member of the SpinCo Group to (A) have in effect, no later than the Business Day immediately prior to the Plan Transition Date, SpinCo Benefit Plans providing health and welfare benefits for the benefit of each such SpinCo Employee with terms that are substantially similar to those provided to the applicable SpinCo Employee immediately prior to the date on which such SpinCo Benefit Plans become effective; and (B) effective on and after the Plan Transition Date, fully perform, pay and discharge all claims of SpinCo Employees or Former SpinCo Service Providers, including but not limited to any claims incurred under any Company Benefit Plan (to the extent not fully covered by insurance) on or prior to the date on which such SpinCo Benefit Plans become effective, that remain unpaid as of the date on which such SpinCo Benefit Plans become effective, regardless of whether any such claim was presented for payment prior to, on or after such date.
(b) Without duplication of amounts otherwise already covered in this Agreement or the Transition Services Agreement, the applicable member of the SpinCo Group shall reimburse the Company or the applicable Company Benefit Plan in the ordinary course of business consistent with past practice for any premiums and its proportionate share of any administrative or services costs related to SpinCo Employees or Former SpinCo Service Providers paid by a Company Benefit Plan (whether prior to or after the Distribution Time) and not charged back to the appropriate and applicable member of the SpinCo Group prior to the Plan Transition Date.
(c) Notwithstanding anything to the contrary in this Section 3.1, SpinCo Employees will continue to be considered to be “participants” in any Company Benefit Plan that is either a health care flexible spending account program or a dependent-care flexible spending account program for the duration of any grace period and/or claims run-out period following the calendar year in which the Plan Transition Date occurs (in either case, solely as provided under the terms of such Company Benefit Plans), provided that such SpinCo Employees will be considered to be participants solely for purposes of utilizing such grace period and/or claims run-out period; will not be allowed to make any deferral or ...
Health and Welfare Benefit Plans. All regular employees who work 20 hours per week or more are eligible to participate in the Health and Welfare Plans. Dependent children are eligible from birth to age 21, or to age 25 if in full-time attendance at a post-secondary institution. The Employer will maintain the existing benefit package. Sun Life Financial, Effective May 1, 2005, Contract Number 56056 as disclosed within the group benefit package as disclosed to the Union.
Health and Welfare Benefit Plans. During the Term, Executive and Executive’s dependents shall be eligible for participation in and shall receive all benefits under any health and welfare benefit plans, practices, policies and programs provided by the Bank, to the extent applicable to similarly situated executives of the Bank and their eligible dependents and subject to the terms, conditions and eligibility requirements (including any required premium payments or other costs) therefore as may be prescribed by the Bank or set forth in the terms of such plans, practices, policies and programs from time to time.
Health and Welfare Benefit Plans. (a) (i) Effective no later than the Separation Effective Time, the participation of each Newco Employee who is a participant in an Everest Welfare Plan shall automatically cease and (ii) Everest shall cause Newco or a member of the Newco Group (A) to have in effect, no later than the earlier of the date of cessation described in subsection (i) above or the Business Day immediately prior to the Separation Effective Time, Newco Welfare Plans providing health and welfare benefits for the benefit of each Newco Employee with terms that are substantially similar to those provided to the applicable Newco Employee immediately prior to the date on which such Newco Welfare Plans become effective (excepting any benefits under an Everest U.S. OPEB Plan); and (B) effective on and after the date of cessation described in subsection (i) above, to fully perform, pay and discharge all claims of Newco Employees or Former Newco Service Providers (excepting any claims of any Former Newco Service Providers under an Everest U.S. OPEB Plan) where such claims are incurred on or following the date of cessation described in subsection (i) above. For the avoidance of doubt, and except as otherwise required by the Transfer Regulations, Everest and the Everest Welfare Plans shall retain, fully perform, pay and discharge all claims of Newco Employees and Former Newco Service Providers incurred under any Everest Welfare Plan on or prior to the date of such cessation described in subsection (i) above.
(b) For any claims related to Newco Employees or Former Newco Service Providers paid by an Everest Welfare Plan prior to the Separation Effective Time, where the cost of coverage applicable to such claim(s) have not been previously charged to the applicable member of the Newco Group prior to the Separation Effective Time in the ordinary course of business, the Everest Welfare Plan will retain the right, for no longer than one (1) year after the Separation Effective Time, to receive reimbursement from the applicable member of the Newco Group for any claims described in this Section 3.1(b).
Health and Welfare Benefit Plans. During the Term, Employee and Employee’s dependents shall be eligible to receive coverage under the welfare benefit plans, practices, policies and programs provided by Employer generally applicable to other peer employees of Employer, including, but not limited to, medical, prescription, dental, disability, employee life, group life, accidental death and travel accident insurance plans and programs, consistent with the terms of the written plan documents and applicable written policies.
Health and Welfare Benefit Plans. (a) Effective as of January 1, 2024, (i) the participation of each Veralto Employee who is a participant in a Xxxxxxx U.S. Welfare Plan or a Xxxxxxx Canadian Welfare Plan shall automatically cease and (ii) Veralto shall or shall cause a member of the Veralto Group (A) to have in effect Veralto Welfare Plans providing health and welfare benefits for the benefit of each Veralto Employee with terms that are substantially similar to those provided to the applicable Veralto Employee immediately prior to the date on which such Veralto Welfare Plans become effective; and (B) to fully perform, pay and discharge all claims of Veralto Employees or Former Veralto Service Providers, including but not limited to any claims incurred under any Xxxxxxx U.S. Welfare Plan on or prior to the date on which such Veralto Welfare Plans become effective, that remain unpaid as of the date on which such Veralto Welfare Plans become effective, regardless of whether any such claim was presented for payment prior to, on or after such date. For the avoidance of doubt, for the purposes of this Section 3.1, the term “Veralto Welfare Plan” shall include the Chemtreat Plan.
Health and Welfare Benefit Plans. DevCo shall or shall cause a member of the DevCo Group to have in effect, no later than the Business Day immediately prior to the Plan Transition Date, DevCo Welfare Plans providing health and welfare benefits for the benefit of each DevCo Employee with terms that are, in the aggregate, substantially similar to those provided to the applicable DevCo Employee immediately prior to the date on which such DevCo Welfare Plans become effective.
