HEALTH CARE AND LIFE INSURANCE Sample Clauses

HEALTH CARE AND LIFE INSURANCE. Section 1. HEALTH The City shall contract annually with one or more health insurance carriers to provide a group health care plan. If an employee elects single coverage, the City shall contribute ninety-one percent (91%) of the monthly cost of coverage and the employee's contribution shall equal nine percent (9%) of the monthly cost of coverage. If an employee elects 2/4 party or family coverage, the City shall contribute an amount equal to eighty-nine percent (89%) of the monthly cost of coverage and the employee's contribution shall equal eleven percent (11%) of the monthly cost of coverage. Section 2. DENTAL Employees will be eligible to be covered under the dental plan. The City will pay ninety-eight percent (98%) of the monthly cost of single coverage and the employee will pay two percent (2%) of the monthly cost of coverage. The City will pay sixty-seven and one-half percent (67.5%) of the monthly cost of 2/4 party or family coverage and the employee will pay thirty-two and one-half percent (32.5%) of the monthly cost of coverage. Contribution changes shall be effective with the insurance renewal date. Section 3. LIFE The City will provide long-term disability insurance and will provide a 70,000 life insurance policy to all eligible employees. Section 4. POST EMPLOYMENT HEALTH PLAN (PEHP) The City shall provide a Post Employment Health Plan which allows for the accumulation of funds for the future payment of medical expenses and premiums. The PEHP will be considered by both parties to be part of total compensation in the computation of wages and benefits. Effective with this Agreement, the amount of dollars paid into the employee's PEHP universal account by the City on behalf of the employee shall be $25.00 per pay period for each eligible employee.

HEALTH CARE AND LIFE INSURANCE. Section 1. HEALTH The City shall contract annually with one or more health insurance carriers to provide a group health care plan. If an employee elects single coverage, the City shall contribute ninety percent (90%) of the monthly cost of coverage and the employee's contribution shall equal ten percent (10%) of the monthly cost of coverage. If an employee elects 2/4 party or family coverage, the City shall contribute an amount equal to eighty six percent (86%) of the monthly cost of coverage and the employee's contribution shall equal fourteen percent (14%) of the monthly cost of coverage. The Health Care Plan design shall be in accordance with Appendix “D”. The percentage rate shall not change during this agreement. Actual monetary payment changes shall be effective with the insurance renewal date. Section 2. Existing benefits shall not be changed except by mutual agreement of the parties. Section 3. DENTAL Employees will be eligible to be covered under the dental plan. The City will pay ninety-eight percent (98%) of the monthly cost of single coverage and the employee will pay two percent (2%) of the monthly cost of coverage. The City will pay sixty-three percent (63%) of the monthly cost of 2/4 party or family coverage and the employee will pay thirty-seven percent (37%) of the monthly cost of coverage. Section 4. LIFE The City will provide long-term disability insurance and will provide a $70,000 life insurance policy to all eligible employees.

HEALTH CARE AND LIFE INSURANCE. Following an Involuntary Separation from Service, the Executive will receive a lump sum payment equal to the Corporation’s premium cost for the Executive’s active Associate Medical, Dental and Life Insurance Plans coverage, if any, as in effect on the day prior to the effective date of the Executive’s Involuntary Separation from Service, in an amount based on the entire Severance Period. Such amount shall be grossed-up for applicable federal income taxes using the applicable federal income tax rate that applied to the Executive for the taxable year prior to the year in which the Involuntary Separation from Service shall have occurred.

HEALTH CARE AND LIFE INSURANCE. The health care (including dental and vision coverage, if applicable) and term life insurance coverages provided to Executive at his Date of Termination shall be continued at the same level as for active executives and in the same manner as if his employment had not terminated, beginning on the Date of Termination and ending on the last day of the Severance Period. Any additional coverages Executive had at termination, including dependent coverage, will also be continued for such period on the same terms, to the extent permitted by the applicable policies or contracts. Any costs Executive was paying for such coverages at the time of termination shall be paid by Executive by separate check payable to the Company each month in advance or, at Executive’s election, may be deducted from his Base Salary payments under Section 4.1. If the terms of the life insurance plan referred to in this Section 4.4, or the laws applicable to such plan, do not permit continued participation by Executive as required by this subsection, then the Company will arrange for other coverage satisfactory to Executive at the Company’s expense providing substantially identical benefits or, at the Company’s election, the Company will pay Executive an amount each month during the Severance Period equal to the costs to Executive for the coverage. If the terms of the health care plan referred to in this Section 4.4 do not permit continued participation by Executive as required by this subsection or if the healthcare benefits to be provided to Executive and his dependents pursuant to this Section 4.4 cannot be provided in a manner such that the benefit payments will be tax-free to Executive and his dependents, then the Company shall (A) pay to Executive each month during the Severance Period after Executive’s Termination Date an amount equal to the monthly rate for COBRA coverage under the healthcare plan that is then being paid by former active employees for the level of coverage that applies to Executive and his dependents, minus the amount active employees are then paying for such coverage, and (B) permit Executive and his dependents to elect to participate in the healthcare plan for the Severance Period upon payment of the applicable rate for COBRA coverage during the Severance Period. A benefit provided under this Section 4.4 shall cease if Executive obtains other employment and, as a result of such employment, health care or life insurance benefits are available to Executive. At the end...

HEALTH CARE AND LIFE INSURANCE. Section 1. HEALTH The City shall provide a group health care plan. If an employee elects single coverage, the City shall contribute ninety-one percent (91%) of the monthly cost of coverage and the employee's contribution shall equal nine percent (9%) of the monthly cost of coverage. If an employee elects employee plus spouse, employee plus child(ren) or family coverage, the City shall contribute an amount equal to eighty-nine percent (89%) of the monthly cost of coverage and the employee's contribution shall equal eleven percent (11%) of the monthly cost of coverage. Contribution changes shall be effective with the insurance renewal date. Section 2. DENTAL The City shall provide a group dental plan. The City will pay Section 3. LIFE The City will provide long-term disability insurance and will provide a 70,000 life insurance policy to all eligible employees. Section 4. POST EMPLOYMENT HEALTH PLAN (PEHP) The City shall provide a Post Employment Health Plan which allows for the accumulation of funds for the future payment of medical expenses and premiums. The PEHP will be considered by both parties to be part of total compensation in the computation of wages and benefits. Effective with this Agreement, the amount of dollars paid into the employee's PEHP universal account by the City on behalf of the employee shall be $25.00 per pay period for each eligible employee.

HEALTH CARE AND LIFE INSURANCE. Following an Involuntary Separation from Service other than for Cause or a voluntary Separation from Service for Good Reason, the Executive will receive a lump sum payment equal to the Corporation’s premium cost for the Executive’s active Associate Medical, Dental and Life Insurance Plans coverage, if any, as in effect on the day prior to the effective date of the Executive’s Involuntary Separation from Service other than for Cause or voluntary Separation from Service for Good Reason, in an amount based on the entire Severance Period. Such amount shall be grossed-up for applicable federal income taxes (so that the Executive is made whole for all such taxes) using the applicable federal income tax rate that applied to the Executive for the taxable year prior to the year in which the Involuntary Separation from Service or voluntary Separation from Service for Good Reason shall have occurred.

HEALTH CARE AND LIFE INSURANCE. Subject to the terms of the group insurance contract and plan document, the term life insurance coverages provided to Executive at his Date of Termination shall be continued at the same level as for active executives and in the same manner as if his employment had not terminated, beginning on the Date of Termination and ending on the last day of the Severance Period. If the terms of such plan do not permit continued participation by Executive, then the Company will arrange for other coverage(s) satisfactory to Executive at Company’s expense which provides substantially similar benefits or, at the Company's election, will pay Executive a lump sum amount equal to the annual costs of such coverage(s) for the Severance Period, less applicable withholding. A benefit provided under this Section 4.5 shall cease if Executive obtains other employment and, as a result of such employment, life insurance benefits are available to Executive. If Executive timely elects continuation coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA") under the Company’s group medical plan following termination of his/her employment, the Company will pay Executive a monthly amount equal to the Company’s subsidy towards the cost of medical coverage for similarly-situated active employees enrolled in the same coverage in which the Executive was enrolled at the time of the Date of Termination (the “COBRA Subsidy”), as reduced by any applicable withholding. The Company shall pay the COBRA Subsidy until the earliest of (a) the date Executive qualifies under another employer-sponsored medical plan, or (b) the end of eighteen (18) months of COBRA continuation coverage, or (c) the date on which the Severance Period ends.

HEALTH CARE AND LIFE INSURANCE. 1. The Burrillville School Committee shall provide all certified personnel of the Burrillville School Department a selection of health care plans as set forth below. The certified personnel shall receive an individual or family plan, as appropriate. By mutual agreement of the Committee and the Association, a reasonably equivalent plan may be added to the selection of offered health care plans. In the event the School Committee changes the healthcare provider, it must provide a health insurance package(s) substantially equivalent or superior to the package being replaced. Health Care Plans Offered – Effective September 2017 Base Plan Preferred Provider Organization (PPO). The Committee shall provide a PPO plan (100/80 $1,000/$2,000 deductible), which shall be the standard health insurance plan offered to members of the bargaining unit. A summary of benefits for said PPO plan shall be appended hereto and incorporated herein as Appendix F. Additionally a summary description of said PPO plan shall be available through the District’s Business Office. The Committee shall pay 100% of the premium cost of the base plan less applicable co-payment to be made by the employee. Employee shall be responsible for the first $500/$1000 amount of said $1,000/$2,000 initial deductible amounts. The District shall be responsible for the balance of said initial deductible amounts. The District shall reimburse an employee for such payments in a separate (non-payroll) check, with no taxes withheld, within 7-14 business days of their submission of the “Reimbursement of Health Care Deductible” form and the following required attachments: 1. Health Care providers invoice “clearly” identifying the deductible and the amount (to preserve privacy, employee may “black out” personal information and related service/procedure). 2. Receipt or record of payment verifying payment of deductible. Dental Plans Offered • Delta Dental of Rhode Island Levels I through IV including coverage for full time students to age 23 at no cost to the employee. In the event the School Committee changes the dental insurance provider, it must provide a dental insurance package substantially equivalent or superior to the package being replaced. Effective September 1, 2017, a 15 percent (15%) co-payment in pretax dollars shall be paid by the employee for the dental plan and/or the selected health care plan. Effective September 1, 2018, the co-payment shall be increased to sixteen percent (16%). Effective September 1...

HEALTH CARE AND LIFE INSURANCE. Effective following the 1985-1986 regular school year, the Employer will continue to pay its share of health care and life insurance premiums due during the summer months provided that the employee contributes his/her share. However, if an employee resigns before working two (2) full pay periods in the following school year, the Employer will deduct the cost of its contribution for the employee from any final payment due that employee for wages and leave.

HEALTH CARE AND LIFE INSURANCE. The Company shall provide the following health care and life insurance benefits to the Executive: a. if the Executive shall elect to continue medical coverage under the Company’s group health plan pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), the Company shall pay the difference between the applicable premium for COBRA continuation coverage and the active employee monthly premium cost until the earliest of: (a) the date on which the Executive is eligible to participate in another medical plan, (b) the first day of the month for which the Executive fails timely to remit the Executive’s potion of the premium, or (c) the end of the Severance Period. Executive shall be responsible for the timely and proper election of COBRA continuation coverage for Executive and Executive’s eligible dependents. Executive will be billed monthly for the continued medical coverage under COBRA and the Executive’s failure timely to pay Executive’s portion of the Executive’s Initials: SN COBRA premium shall terminate the COBRA coverage and the Company’s obligations under this Section 4.2(a); and b. during the Severance Period or until such time as Executive obtains similar benefits as the result of obtaining other employment, the Company shall pay the monthly premium for term life insurance in an amount equal to that in effect on the Executive’s Termination Date.