INSURANCE AND RELATED BENEFITS Sample Clauses

INSURANCE AND RELATED BENEFITS. The Executive shall be entitled to participate in any Benefit Plans (including any medical expense insurance and health and accident insurance and travel insurance plans) of the Company enjoyed by or made available to other senior executive officers of the Company to the extent that the Executive qualifies under the eligibility provisions of any such plan, as presently in effect or as they may be modified from time to time. Any employment benefits provided to the Executive pursuant to this Agreement shall be governed by the applicable plan documents, insurance policies, and/or employment policies, and may be modified, suspended, revoked, or terminated in accordance with the terms of the applicable documents or policies without violating this Agreement.
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INSURANCE AND RELATED BENEFITS. Section 9.1 - Group Health, Life, Disability, and Dental Plans Package. A package consisting of group health, life, long-term disability, and dental coverage (hereinafter referred to as the “Group Health Package”) providing coverage identical to the package of group health, life, long-term disability, and dental coverage insurance for staff and administrative employees of Xxxxxxxxxx College shall be made available to active and retired faculty members. The coverage available under the Group Health Package shall be that set forth in the group insurance contract between Xxxxxxxxxx College and the carrier providing the insurance, and/or the rules and regulations adopted by the provider of the coverage. The Group Health Package shall be governed in all aspects in accordance with the contract between Xxxxxxxxxx College and the carrier providing such insurance, and/or the rules and regulations adopted by the provider of the coverage. Faculty members who elect to be covered under the Group Health Package must participate in the entire Group Health Package or in accordance with such other option(s) as may be designated by the College. Effective as of January 1, 1998, and continuing for each plan year thereafter, Xxxxxxxxxx College shall pay, toward the annual premium cost of the option and coverage (individual or family) selected by the faculty member, 75% of the actual annual premium cost for the option and coverage selected by the faculty member. The participating faculty member shall pay the remainder of the annual premium cost for the coverage and option selected. If, during the term of this Agreement, Management contemplates changes in the Group Health Package in effect at such time, it will establish a committee consisting of administration, staff, and two (2) faculty members designated by the Chapter to review the Group Health Package and make recommendations to Management concerning such changes. After the receipt of the recommendations of such committee, Management may affect changes in the coverage provided under the Group Health Package; provided, however, that any such changes must be applicable to staff employees, administrative employees, and faculty members, and provided further, that Management will submit to the Chapter, in writing at least thirty (30) calendar days prior to their effective date, a description of such changes.
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INSURANCE AND RELATED BENEFITS. SECTION 08.01
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INSURANCE AND RELATED BENEFITS. 35 Section 9.1 - Group Health, Life, Disability, and Dental Plans Package 35 Section 9.2 - Tax Sheltered Annuities 35 Section 9.3 - Tuition Waiver Program 35 Section 9.4 - Educational Assistance Program 36 Section 9.5 - Faculty Development Program 36 Section 9.6 - Voluntary Early Retirement Programs 37 ARTICLE 10 - NO STRIKE/NO LOCKOUT 37 Section 10.1 - No Strikes 37 Section 10.2 - Enforcement of No Strike Pledge 37 Section 10.3 - No Lockouts 37
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INSURANCE AND RELATED BENEFITS. Health insurance, disability insurance, life insurance and other related benefits (collectively, "Insurance Benefits") made available by the Company to other executives of the Company shall be made available to the Executive. Upon termination of the Executive, regardless of the reason for termination, Insurance Benefits shall be continued for Executive at the expense of the Company for a period of no less than six months and for such additional period as may be required by applicable law at the expense of the Executive.
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INSURANCE AND RELATED BENEFITS. The Company has the medical and other employee-related insurance policies and benefit plans listed in the attachment to Schedule 3.14. After the Closing, Buyer may cause the Company to continue some or all of these plans (other than the Plans described in Section 6.11(b)) or provide generally comparable coverage through plans made available by Buyer or an Affiliate of Buyer. Any former employees of Company that elected COBRA coverage and any employees of Company that are terminated on or before the Closing Date shall be entitled to COBRA coverage after the Closing Date under the Company's medical, dental and vision plans or, if those plans are terminated, through plans made available by Buyer or an Affiliate of Buyer.
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INSURANCE AND RELATED BENEFITS 
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Related to INSURANCE AND RELATED BENEFITS

  • Insurance and Benefits Company shall allow Executive to participate in each employee benefit plan and to receive each executive benefit that Company provides for senior executives at the level of Executive's position.

  • Insurance Benefits Borrower shall cooperate with Lender in obtaining for Lender the benefits of any Insurance Proceeds lawfully or equitably payable in connection with the Property, and Lender shall be reimbursed for any expenses incurred in connection therewith (including reasonable attorneys' fees and disbursements, and the payment by Borrower of the expense of an appraisal on behalf of Lender in case of a fire or other casualty affecting the Property or any part thereof) out of such Insurance Proceeds.

  • Death Benefits Upon the Executive's death during the Contract Period, his estate shall not be entitled to any further benefits under this Agreement.

  • Health Benefits The method for determining the Employer bi-weekly contributions to the cost of employee health insurance programs under the Federal Employees Health Benefits Program (FEHBP) will be as follows:

  • Standard Benefits During the Employment Period, Executive shall be entitled to participate in all employee benefit plans and programs, including paid vacations, generally available to other similarly situated Company executives, subject to the terms and conditions of the applicable plans.

  • Severance Compensation and Benefits Not in Derogation of Other Benefits Anything to the contrary herein contained notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or will have under any plans or programs of or agreements with the Company, except that if the Executive received any payment hereunder, the Executive shall not be entitled to any payment under the Company’s severance policy for officers and directors.

  • Pre-Retirement Death Benefits Should the Executive die while --------- ----------------------------- in the service of the Bank and prior to the occurrence of his 55th birthday, the Bank will pay $2,070 per month for a continuous period of 120 months to the Beneficiary or Beneficiaries of the Executive. The first such monthly installment payment shall be made on a date to be determined by the Bank, but in no event later than the first day of the sixth calendar month following the calendar month in which the Executive died. In the event of the death of the last living Beneficiary before all installment payments shall have been made, the balance of any payments which remain unpaid at the time of such Beneficiary's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the estate of the last Beneficiary to die. In the absence of any such beneficiary designation, or if no Beneficiary survives the Executive, any payments remaining unpaid at the Executive's death shall be commuted on the basis of eight percent (8%) per annum compounded interest and shall be paid in a single sum to the Executive's estate.

  • 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.

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

  • Medical Benefits The Company shall reimburse the Employee for the cost of the Employee's group health, vision and dental plan coverage in effect until the end of the Termination Period. The Employee may use this payment, as well as any other payment made under this Section 6, for such continuation coverage or for any other purpose. To the extent the Employee pays the cost of such coverage, and the cost of such coverage is not deductible as a medical expense by the Employee, the Company shall "gross-up" the amount of such reimbursement for all taxes payable by the Employee on the amount of such reimbursement and the amount of such gross-up.

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