Health Welfare and Retirement Benefits. The Company shall provide group health, dental, hospitalization, life and disability insurance benefits to you and your eligible dependents that are in effect as of the Effective Date in accordance with the terms of such plans as may be modified from time to time. You shall also be eligible to participate in such other welfare and retirement benefit plans or programs that are offered to senior executives of the Company generally to the extent you are eligible under the general provisions thereof as in effect from time to time.
Health Welfare and Retirement Benefits. 26.1 Effective July 1, 2016, the “cap” on District contribution for medical, dental, and vision benefit plans shall be $620 per month for eligible full-time (active) employee and family coverage. The “cap” for eligible part-time employees will be as described in Section 26.3 of Article 26.
26.2 Qualifying employees for full District health and welfare benefit payments shall be employees who regularly work eight hours per day, ten or more months a year. Employees shall be enrolled in insurance programs on the first of the month following fulfillment of the eligibility requirement.
26.3 For employees who regularly work four or more hours per day, ten or more months per year, the District will contribute, for employee and family coverage, that portion of the monthly premium set forth in Section 26.1 as the number of hours regularly worked per day by the part-time employee bears to eight, providing the employee agrees in writing to have the remaining amount deducted from his/her salary.
26.4 Ten and eleven month employees who terminate their employment with the District at the end of the summer recess shall reimburse the District for the full cost of insurance premiums for the non-work period.
26.5 Any employee who is currently employed in the District at the time of retirement through XXXX, who retires under XXXX, and who has served with the District for a minimum of five years, may remain part of the group medical program, the group dental program, and the group vision program, if permitted by the carrier, in addition to benefit rights afforded under COBRA. The retired employee who elects to remain part of the group programs must prepay the cost of such programs to the District quarterly for such coverage at least thirty days prior to the beginning of the quarter. (Also see 26.6, 26.7 and/or 26.8.)
26.6 The District will pay up to $328 towards the combined cost of the health, dental and/or vision insurance for retireant and, if retireant so elects, spousal coverage (total for both persons), if permitted by carrier. This provision will apply to any employee whose first day of paid regular service in the district was prior to November 30, 1993, who is employed as an employee in the District at the time of retirement through PERS, who retires under PERS, and who served with the District for a minimum of fifteen school years of unbroken service, subject to all of the following conditions: • For at least five of the required fifteen years of unbroken service, the...
Health Welfare and Retirement Benefits. 121.01 Health, Dental and Vision Insurance Program
Health Welfare and Retirement Benefits. Section 1. All employees covered by this agreement, will be eligible to all benefits provided in this Article. Newly hired employees are eligible for benefits at the start of the month following their hire date. Current employees can enroll during the applicable open enrollment period, unless a qualifying life event occurs that allows them to enroll at that moment.
Health Welfare and Retirement Benefits. Executive and his qualified dependents shall be entitled to participate, at the sole cost of the Company, in all benefit plans made available from time to time to Company’s senior executives, including, without limitation, group medical, dental, vision, long-term disability, accidental death/dismemberment coverage, life insurance coverage, 401(k) and other retirement and deferred compensation plans the Company may establish from time to time in the sole discretion of the Board of Managers. Notwithstanding the foregoing, Executive shall be entitled to participate in the Company’s existing disability income plan on the same terms as the Members (as such term is defined below), and in any replacement or successor plan established by the Company from time to time.
Health Welfare and Retirement Benefits. 26.1 Effective July 1, 2022, the “cap” on District contribution for medical, dental, and vision benefit plans shall be six hundred and seventy-two dollars ($672.00) per month for eligible full-time (active) employee and family coverage. The “cap” for eligible part-time employees will be as described in Section 26.3 of Article 26.
Health Welfare and Retirement Benefits. You will be eligible to participate in the employee benefit programs applicable to our salaried employees generally, including the Company’s health and welfare plans, as well as the defined contribution plan. In addition, you will be eligible to participate in the Deferred Compensation Plan for Officers and Key Employees of Xxxxxxxxx Technology Corporation. Your annual vacation entitlement will be 5 weeks. Except as herein provided, or as may be hereafter approved by the Board or its Human Resources Committee, you will not be entitled to further compensation or benefits. · Executive Severance Plan: Your employment by the Company is “at will” and may be terminated by the Company or by you at any time. However, if your employment terminates due to a termination by the Company without “cause” or a resignation by you with “good reason” (each, as defined in the attached Plan document), you will be entitled to receive the severance benefits included in the Severance Pay Plan for Executives of Xxxxxxxxx Technology Corporation attached hereto as Exhibit D. · Change in Control Severance: You will be entitled to severance benefits in the event of a change in control, as described in the Change in Control Severance Plan attached hereto as Exhibit E. For avoidance of doubt, benefits under this section will be in lieu of, not in addition to, the severance benefits described in the Severance Pay Plan for Executives of Xxxxxxxxx Technology Corporation.
Health Welfare and Retirement Benefits. Employee and his qualified dependents shall be entitled to participate, at the sole cost of the Company, in all benefit plans which are in effect as of the date of this Agreement and at not less than the monetary levels applicable to Employee and his dependents as of such date, including, without limitation, group medical, dental, vision, long-term disability, accidental death/dismemberment coverage, life insurance coverage, 401(k) and other retirement and deferred compensation plans. The current life insurance policy will be converted to a term policy for the sole benefit of Employee’s designated beneficiaries.
Health Welfare and Retirement Benefits. Section 1 Provision of Benefits VH will offer and maintain the same health and welfare benefits (that is, health, vision, dental, life insurance, short-term disability, long-term disability, accident travel insurance, and adoption reimbursement insurance) and retirement benefits for eligible bargaining unit employees as are offered and maintained for other hourly employees of VH, on the terms and conditions on which they are offered to other hourly employees. Such benefits offered to eligible bargaining unit members may be changed as they are changed for other hourly employees of VH. After October 1, 2008, newly hired Employees shall be entitled to benefits for which they are eligible upon completion of a waiting period of thirty (30) consecutive calendar days of employment such that the Employee will be covered as of the first day of the calendar month immediately following the calendar month in which the Employee celebrates thirty (30) consecutive calendar days of employment. The Hospital will continue to include the 20% hometown discount as part of the healthcare plan for 2018, 2019 and 2020 calendar years.
Section 2 Increases to Health Insurance Any increases during the term of this Agreement to the monthly health insurance premiums will be shared equally by the employee and Employer.
Section 3 Labor/Management Benefit Committee VH and the Union recognize the importance of undertaking joint efforts to ensure that employees have access to cost effective, quality health care and other insurance coverage. Both the Employer and the Union share a mutual interest in researching best practices in cost containment features and the benefits that ensure quality but also address increasing costs. To address these issues, the parties will establish a Labor/Management Benefits Committee with representatives from the bargaining units represented by the Union. The Union will appoint up to a total of five (5) representatives from the bargaining units it represents at VH to include one (1) organizer to the committee. The Employer will appoint up to five (5) management representatives. The committee shall be advisory and shall meet at least quarterly and more often as mutually agreed. In guiding the committee’s work, utilization data and cost information, among other data, shall be reviewed. If the committee produces mutually agreed upon recommendations for any changes, the Union and management shall convene a meeting to review the recommendations. In conducting its wor...
