Health Insurance Benefits. To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 18 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 18 months after the date of Executive’s separation from service.
Health Insurance Benefits. The Employer will continue the employee’s existing Employer-paid health insurance benefits during the period of leave covered by family medical leave. The employee will be required to pay their share of health care premiums.
Health Insurance Benefits. To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 24 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment.
Health Insurance Benefits. Eligible full-time and part-time employees who are regularly scheduled to work at least twenty (20) hours or more per week are eligible to participate in the health insurance benefit program offered by the Employer to a majority of its employees who are not in a bargaining unit. Employees shall be offered benefit options, in accordance with the terms of the Employer’s program, with regard to medical, dental, vision, life, AD&D, and long-term disability and short-term disability plans, and healthcare and dependent care spending accounts. The benefits available under this section will not be reduced unilaterally during the term of this Agreement. If the Employer contemplates any changes in insurance plan design benefits that would not make them substantially equivalent on an aggregate basis, the Employer will notify the Union of the proposed changes and will meet with the Union, upon request, to bargain over the proposed changes prior to their implementation. The Employer will provide notice at least two (2) weeks prior to the commencement of the annual benefit open enrollment period.
Health Insurance Benefits. Eligible full-time and part-time employees who are regularly scheduled to work at least twenty (20) hours or more per week are eligible to participate in the health insurance benefit program offered by the Employer to a majority of its employees who are not in a bargaining unit. Employees shall be offered benefit options, in accordance with the terms of the Employer’s program, with regard to medical, dental, vision, life, AD&D, and long-term disability and short-term disability plans, and healthcare and dependent care spending accounts.
Health Insurance Benefits. A bargaining unit member may elect to receive a retiree group health benefit program. The Board shall provide a group health benefit program for a retiree (excluding dependents) who has reached the age of 55 years, qualifies for retirement under PERS, and has served the District for ten (10) years, each year of which would qualify as a sufficient length of service for purposes of advancement. The ten (10) years need not be continuous, but shall have been served within the last fifteen (15) years. The retiree shall no longer be eligible for this benefit when the retiree becomes eligible for Medicare, or when the retiree becomes eligible for a group medical benefit plan with another employer or agency. The benefit shall be available for any qualified unit member who retires prior to June 30, 2009. Unit members hired on or after July 1, 2010, must complete twenty (20) years of satisfactory service in the District by June 30 of the year in which the unit member otherwise qualifies for retirement under PERS to be eligible for early retirement health benefits. The twenty (20) years need not be continuous, but shall have been served within the last twenty-five (25) years. It is understood that if the health benefits plan is revised, the retiree will be subject to the same health plan coverage as is provided for the active unit member. The retiree has the option to obtain coverage for eligible dependents at the retiree’s expense. Notwithstanding the expiration of this Agreement, coverage will remain in effect for any employee who retires under this Article prior to June 30, 2009, as long as the unit member meets the requirements stated herein.
Health Insurance Benefits. Employees and their dependents shall be eligible for coverage under the Town’s health plan, subject to the plan’s terms and conditions.
Health Insurance Benefits. Executive shall be entitled to participate in medical, dental and other employee benefits pursuant to the established benefit plans of the Company.
Health Insurance Benefits. LTC shall provide to Executive and her spouse LTC health insurance benefits, of a type and nature no less favorable to Executive than the health insurance benefits made available by LTC to Executive and to LTC’s other senior executives at the time of execution of this Agreement, for so long as Executive is employed hereunder. The benefits described in the preceding sentence shall be referred to herein as Executive’s “Health Insurance Benefits” and upon a Change in Control of the Company, a termination of Executive’s employment by LTC without “cause” or a resignation by Executive with “good reason”, these Health Insurance Benefits will continue for Executive’s lifetime.
(i) In the event LTC ceases to offer health insurance coverage to its senior executives or LTC elects in its sole discretion to discontinue providing Executive with Executive’s Health Insurance Benefits, LTC shall have the option (a) at the Company’s expense, to purchase health insurance coverage no less favorable to Executive than Executive’s Health Insurance Benefits, or (b) terminate all further Health Insurance Benefits to Executive and in lieu thereof make a one time payment of Two Hundred Fifty Thousand Dollars ($250,000) to Executive (a “Health Insurance Buyout”).
(ii) In order to effect a Health Insurance Buyout, LTC shall give no less than sixty (60) days’ prior written notice to Executive that LTC has elected to terminate Executive’s Health Insurance Benefits. Such notice shall not be effective nor shall it relieve LTC of its obligations under this Section 4(c) unless it is accompanied by payment in full of the aforesaid Two Hundred Fifty Thousand Dollars ($250,000).
(iii) Executive’s rights to the benefits set forth in this Section 4(c) and the subsections of this Section 4(c) shall survive any termination or expiration of this Agreement and the termination of Executive’s employment upon a Change in Control of the Company, a termination of Executive’s employment by LTC without “cause” or a resignation by Executive with “good reason”.
Health Insurance Benefits. ELIGIBILITY - All full-time and regular part-time nurses who have completed three months of employment may be eligible for enrolment in the following benefit programs.
