Insurance and Benefit Plans Sample Clauses

Insurance and Benefit Plans. All insurance policies relating to the Business, including policies relating to the property, liability, business interruption, health and worker’s compensation and the lives of the employees of Seller Group; and
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Insurance and Benefit Plans. The Bath Community Schools Board of Education will implement the “hard cap” PA52 compliance method for the medical benefit plan coverage year, 9/1/18 to 8/31/2019 and will switch to the Simply Blue HSA PPO Plan ($1,350/$2,700 deductible), to include a prescription plan ($10/$40/$80 RX). Bath Community Schools will commit to the following premium payments for the medical benefit plan coverage year (includes HSA deductible of $1,350 for Single and $2,700 Family): Single ($7,017.72), Double/Single + One ($16,302.48), and Family ($19,703.16). Employees will be responsible for all other costs associated with the Simply Blue HSA PPO Plan and prescription plan. Bath Community Schools will commit to the following premium payments for the medical benefit plan coverage year (includes HSA deductible of $1,350 for Single): Single ($7,017.72). Employee may buy up to two (2) person or family coverage by paying the difference in premiums for this coverage. Employees will be responsible for all other costs associated with the Simply Blue HSA PPO Plan and prescription plan. The Board Sh $25,000 Term Life Insurance ADN Vision plan LTD - same as above A. Each administrative assistant choosing Plan B shall also have a contribution made on his/her behalf in cash. The administrative assistant may then enter into a salary reduction agreement in order to place the cash into a tax-sheltered annuity as authorized by the Internal Revenue Code, of two hundred ($200) per month. (1) If the employee voluntarily and in writing opts out of the health benefits coverage available under Plan A; and (2) provides documentation to the Board that the employee has other health coverage that meets the minimum value and coverage requirements of the Affordable Care Act. The employee shall be eligible for cash in lieu or Plan B. The Board shall contribute 80% of the cost of the full monthly premium cost toward Plan B and the employee will contribute 20% of the cost of the premium for Dental and Vision. Administrative assistant payments shall be by payroll deduction with the option of payment through an approved pre-tax Internal Revenue Code (IRC) Section 125 flexible benefits plan. B. The Association may elect to modify the Plan A coverage provided in Section A above. Any such modification shall not serve to increase the maximum premium obligation of the Board. C. The parties have agreed upon this insurance program with the intent of achieving maximum efficient use of health care premium dollars whil...
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Insurance and Benefit Plans. So long as a person nominated by BP has a seat on the Board and so long as BP owns 20% or more of the AMBI Common Stock, BP will cause its affiliate Xxxxx Xxxxx Inc. ("BPI"), to the extent permitted by BPI's insurers, to include AMBI and its subsidiaries in BPI's employee health insurance and other benefit plan coverages at a charge to AMBI equal to the incremental cost to BPI for such inclusion. BP will cause BPI to use commercially reasonable efforts to obtain for AMBI on competitive terms from BPI's insurers, other insurance coverages as AMBI may request, e.g. D & O Insurance and product liability insurance. Nothing in this Section 3.1 shall obligate BP or any of its affiliates to take any action that would have an adverse effect on any such insurance or benefit plans.
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Insurance and Benefit Plans. HealthAmerica shall use its best efforts to satisfy, or cause its insurance carriers to satisfy, all claims for medical, health and hospital benefits, whether insured or otherwise (including, but not limited to, workers compensation, life insurance, medical and disability programs), under HealthAmerica's employee benefit plans brought by, or in respect of, Affected Employees and former employees of the HealthAmerica prior to the Closing Date, in accordance with the terms and conditions of such employee benefit plans or applicable workers compensation statutes without interruption as a result of the employment by ProMedCo-Harrisburg of any such employees after the Closing Date.
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Insurance and Benefit Plans. ‌ 1. Medical‌ The City will provide access to medical insurance through the California Public Employees’ Retirement System (CalPERS). If an employee elects to participate in a CalPERS medical plan, the maximum monthly City contribution, including any PERS required minimum, will be made as follows: The City shall pay up to 100% of the plan selected, up to a maximum of: • $722 per month for employee only • $1,444 per month for employee+1 • $1,877 per month for employee+2 Employees may select any available CalPERS benefit plan. Should an employee select a plan with premiums in excess of the City contribution level, the employee will be responsible for payment of such through payroll deductions. Should an individual select a plan less than the City contribution, the City’s contribution is limited to the plan premium.
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Insurance and Benefit Plans. You shall be entitled to participate in any present or future hospitalization or medical insurance plan or such other employee benefit plans which are generally available on a group basis to employees of Imprint of comparable level and status and which may be in effect from time to time during the Term of this agreement. Imprint shall be under no obligation to institute or continue the existence of any employee benefit plan described herein and may from time to time amend, modify or terminate any such employee benefit plan. Until such time as (i) Imprint has a group hospitalization or medical insurance plan in effect for its employees or (ii) time expires for your participation in the group insurance benefits provided by your previous employer under the federal act commonly referred to as "COBRA," whichever shall occur first, Imprint will reimburse you for each payment made by you for premiums due to maintain those insurance benefits available to you under COBRA upon receipt by Imprint of each receipt provided to you by such previous employer or the insurance carrier for each payment made by you or your written notification that such premium has been paid by you.
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Insurance and Benefit Plans. SELLER shall satisfy, or cause its insurance carriers to satisfy, all claims for medical, health and hospital benefits, whether insured or 0400630.14 080020-015 05/07/97 (1) otherwise (including, but not limited to, workers compensation, life insurance, medical and disability programs), under SELLER's employee benefit plans brought, or incurred, by Affected Employees and former employees of the SELLER prior to the Closing Date, in accordance with the terms and conditions of such employee benefit plans or applicable workers compensation statutes without interruption as a result of the employment by ProMedCo-SW of any such employees after the Closing Date.
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Insurance and Benefit Plans. 17.01 It is agreed that the application of the Company's benefit plans relating to: a) Supplemental Health Care; b) The basic and supplemental Life Insurance and Accidental Death; c) Weekly Disability Benefit; and d) Dental Plan shall continue in respect to all eligible full time employees for the duration of this Agreement, in conformity with, and to the extent, of their general application throughout the Company for non- management employees. It is agreed and understood that the benefit plans themselves are not part of this Agreement and are not themselves subject to the grievance procedure or arbitration. 17.02 Eligibility for the benefit plans in Article 17.01 a) to d) shall be as set out in those plans, all coverages are limited to the terms and conditions set out by the Insurance Carrier in its Policies with the Company. 17.03 The Insurance Company or carrier chosen by the Company to provide the benefits described above will be at the sole discretion of the Company.
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Insurance and Benefit Plans. The parties acknowledge and agree that effective at the Closing, (a) all insurance coverage maintained by the Seller for the benefit of the Company or any of the Company’s subsidiaries shall be terminated, and (b) the Seller shall have no liability to employees of the Company under any Benefit Plans and eligibility for and benefits under all Benefit Plans maintained by the Seller for the benefit of employees of the Company shall be terminated. For purposes hereof, “Benefit Plans” means any and all deferred compensation, incentive compensation, equity-based compensation plan, employment or consulting, severance or termination pay, holiday, vacation or other bonus plan or practice, hospitalization or other medical, life or other insurance, supplemental unemployment benefits, profit sharing, pension, or retirement plan, program, agreement, commitment or arrangement, and each other employee benefit plan, program, agreement or arrangement of any kind or nature, or with respect to which such Person has any liability, whether direct or indirect, actual or contingent, whether formal or informal, and whether legally binding or not. For purposes of this Agreement, “Person” means any individual or entity, including any corporation, company, association, partnership, limited liability company, joint venture, trust or unincorporated organization. Notwithstanding the foregoing, the parties acknowledge and agree that the dental, life, accidental death and dismemberment, and vision insurance benefits available under an insurance policy issued by The Guardian Life Insurance Company of America shall terminate on or before March 31, 2022.
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