Health, Life and Disability Insurance. Bank shall provide for Employee’s participation in group medical, dental, vision, life and disability insurance benefits available under the group insurance programs maintained by Bank for its employees. The amount paid by Bank for such group medical, dental, vision, life and disability insurance for Employee shall be an amount equal to that portion paid by Bank for each of its employees in accordance with its usual and customary practices. Employee shall have the right, in Employee’s discretion, to designate the beneficiary or beneficiaries of any such insurance. Bank reserves the right to modify and amend such benefits from time to time. As provided under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) respecting continuation of any insurance coverage, Employee shall, upon a loss of any such coverage for himself under Bank’s health, dental, and/or vision plans (if any) resulting from (1) termination of Employee’s employment (for any reason other than for gross misconduct) or (2) a reduction in his hours, be entitled to exercise her COBRA rights. Employee shall pay all premiums for any such continuation coverage(s) elected by Employee.
Health, Life and Disability Insurance. Executive and his dependents shall be entitled to participate in health, dental, vision, life and disability insurance plans that the Company offers to other executive officers of the Company from time to time.
Health, Life and Disability Insurance. During the Employment Period, Executive shall be entitled to participate in all employee benefit plans, practices, and programs maintained by the Company for its senior management (including but not limited to medical, disability, and life insurance), to the extent consistent with applicable law and pursuant to the terms of the plans and programs. To the extent not already provided in the foregoing, the Company also shall provide Executive, at Company expense, throughout the Employment Period: (i) term life insurance in the amount of two (2) million dollars (with the beneficiary to be named by Executive) with a reputable carrier; and (ii) short-term and long-term “own occupation” disability insurance (the latter providing no less than 60% earned income replacement through age 65) with a reputable carrier.
Health, Life and Disability Insurance. Bank shall provide for Employee’s participation, at Bank’s expense, in group medical, dental, vision, life and disability insurance benefits equivalent to the maximum benefits available under the group insurance programs maintained by Bank for its employees. Employee shall have the right, in Employee’s discretion, to designate the beneficiary or beneficiaries of any such insurance. Bank reserves the right to modify and amend such benefits from time to time. As provided under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) respecting continuation of any insurance coverage, Employee shall, upon a loss of any such coverage for himself under Bank’s health, dental, and/or vision plans (if any) resulting from (1) termination of Employee’s employment (for any reason other than for gross misconduct) or (2) a reduction in his hours, be entitled to exercise his COBRA rights. Employee shall pay all premiums for any such continuation coverage(s) elected by Employee.
Health, Life and Disability Insurance. MHS shall provide health insurance for Trainee and his/her immediate family in a manner consistent with the benefits provided to full-time employees, provided that Xxxxxxx’s immediate family members are listed on the health insurance enrollment card submitted to the Human Resources Department by Trainee. Such coverage shall be effective as of the first day of Trainee’s employment in the Training Program. Any addition or deletion of family members to the Trainee’s health insurance enrollment card must be made consistent with the MHS health and benefits plan document. MHS shall also provide life and disability insurance for Trainee.
Health, Life and Disability Insurance. Bank shall provide for Employee’s participation, at Bank’s expense, in group medical, dental, vision, life and disability insurance benefits equivalent to the maximum benefits available under the group insurance programs maintained by Bank for its employees. Employee shall have the right, in Employee’s discretion, to designate the beneficiary or beneficiaries of any such insurance. Bank reserves the right to modify and amend such benefits from time to time. As provided under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) respecting continuation of any insurance coverage, Employee shall, upon a loss of any such coverage for himself under Bank’s health, dental, and/or vision plans (if any) resulting from (1) termination of Employee’s employment (for any reason other than for gross misconduct) or (2) a reduction in his hours, be entitled to exercise his COBRA rights. Employee shall pay all premiums for any such continuation coverage(s) elected by Employee. In addition, Employee’s current stand alone disability policy shall remain in effect during the term of the Agreement and Bank shall continue to pay such contributions as necessary to maintain this policy in the form of Exhibit “B” hereto.
Health, Life and Disability Insurance. Anything to the contrary contained in Article FOURTEENTH notwithstanding, the Met will furnish at its own expense Medical coverage under what is known as Met Medical Plan B with Prescription Drug Coverage as well as Vision, Dental, Life and Long-term Disability Insurance as provided in Article FOURTEENTH to any steady extra Chorister who is engaged for the entire New York Season.
Health, Life and Disability Insurance. 1. The Met shall furnish at its own expense in accordance with the provisions of this Article FOURTEENTH: Comprehensive Medical insurance under what is known as Met Medical Plan B with Prescription Drug Coverage, Vision, and Dental Insurance, a Life Insurance policy, and a Long-term Disability Insurance policy to ‘full time’ Choristers and all such Choristers must participate. As used herein the term ‘full time’ means a Chorister engaged on a weekly basis and who actually works thirty-four (34) or more weeks. Vacations are not included in such minimum period of thirty-four (34) weeks.
(a) Life Insurance shall be an amount equal to two (2) times such Chorister’s annual salary for the prior year, as shown on his/her W-2 form for such year, or one hundred four (104) times such Chorister’s regular weekly compensation of the prior year, whichever is greater, except that in no event shall such benefit exceed two hundred thousand dollars ($200,000). In the event a Chorister is making contributions towards a deferred annuity, the amount of such contribution shall, nevertheless, be considered as compensation for the purpose of determining Life Insurance.
(b) Long-term Disability Insurance shall provide benefits after utilization of applicable sick leave, as provided in Article TWELFTH, for such Chorister who, during a period of verified illness or other total disability, is unable to sing and otherwise perform his/her functions as a member of the Chorus. Such benefit shall be based on actual gross earnings, including rehearsal pay and performance overtime. Annual compensation shall include media salary and guaranteed revenue sharing amounts. Such benefit shall be based on an amount equal to fifty-two (52) times the individual Chorister’s regular weekly salary at the time of total disability, or his/her total annual salary for the last full year preceding total disability, whichever is greater.
(c) Summary Plan Descriptions for Comprehensive Medical, Vision, Dental, Life Insurance, and Long-term Disability Insurance shall be furnished upon request by the Met’s Human Resources Department.
2. It is understood that the Met obligates itself to furnish coverage only and not monies in lieu of coverage.
Health, Life and Disability Insurance. A. The Met shall furnish at its own expense in accordance with the provisions of this Article FOURTEENTH: Comprehensive Medical, Vision, and Dental Insurance, a Life Insurance policy, and a Long- term Disability Insurance policy to ‘full time’ Choristers and all such Choristers must participate. As used herein the term ‘full time’ means a Chorister engaged on a weekly basis and who actually works thirty-four
Health, Life and Disability Insurance. Anything to the contrary contained in Article FOURTEENTH notwithstanding, The Met will furnish at its own expense Comprehensive Medical, Vision, Dental, Life and Long-term Disability Insurance as provided in Article FOURTEENTH to any steady extra Chorister who is engaged for the entire regular New York subscription season. ARTICLE SIXTH (Cont’d)
